Attock Cement full year profit rises, Pakistan
Attock Cement Pakistan reported profit after tax to PKR1.44bn for the year ended 30 June 2012 compared to PKR684m in the previous year, thanks to higher prices. Net sales rose t...
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Inchini Cement seeks export permit, Ethiopia
Ethiopia-based producer Inchini Bedrock Cement factory is seeking approval to export cement volumes to neighbouring countries as domestic demand has declined, forcing the factor...
Indian producers signal possible price hike
Indian cement producers have indicated that prices may have to be hiked to absorb increased freight charges as diesel prices are hiked.
Morgan Stanley sees China recovery from 4Q12
Morgan Stanley (MS) believes that the China cement industry showed some early signs for recovery,
Global market outlook
Analysts at Jefferies International have recently provided an update on their expectations for global cement markets. While prospects for the US are improving, emerging markets ...
Competition tribunal serves notice to CCI
The Competition Appellate Tribunal (has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1bn) fine is...
Steppe Cement posts first half loss, Kazakhstan
Kazakhstan-based cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$0.1m for the six months ended 30 June 2012. Revenue six months ended June 30 were U...
Indian producers appeal fine, India
A total of 10 out of 11 Indian cement companies fined in June for cartel practices have approached the Competition Appellate Tribunal to contest the ruling.
Competition mounts for East Africa market share
Public sector infrastructure projects and the rapidly growing middle class in the East Africa region will be the main drivers of cement consumption as competition is set to inte...
GCC profits rise 27.1 per cent in 1H12
Profits of the Gulf Cooperation Council (GCC) cement sector increased 27.1 per cent YoY in the first half of 2012 to US$971.5m from US$764m in the same period of 2011, the lates...