Lafarge trims market growth outlook, debt reduction goal on track
Lafarge reported a marked rise in 2Q net profit although consolidated sales declined. The company has now trimmed its forecast for cement market growth this year but confirmed i...
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Cemex expects best volume growth from USA
Cemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were dow...
Cementos Portland Valderrivas reduces 1H losses, Spain
Spain-based Cementos Portland Valderrivas (CPV) reduced losses by 98.9 per cent in 1H13, to EUR0.6m, compared with losses of EUR48.6m in the first half of the year before. CPV's...
Hai Van Cement to issue shares to finance acquisition, Vietnam
Hai Van Cement JSC is to issue 21.46m shares in a move acquire Ang Son II Co the from Thang Loi Group Co.
ARM Cement to spin off non-cement business
Kenya-based ARM Cement plans to spin off and list non-cement business on the Nairobi bourse within three years.
Thai Binh Cement swings second quarter to net loss, Vietnam
Thai Binh Cement JSC swung to a net loss of VND1.5bn (US$70,740) in the second quarter of 2013 from a net profit of VND246m a year ago.
Shanshui Cement 1H hit by pricing pressures
China Shanshui Cement said it expects to record a significant YoY decrease in net profit for the six months ended 30 June 2013 of not less than 40 per cent
Paraguay’s INC registers 5M13 loss
State-owned Industria Nacional del Cemento of Paraguay noted a loss of PYG22.413bn (US$5m) in the first five months of 2013, indicating a rise on the previous year.
BBMG Corp issues profit warning, China
BBMG Corp announced yesterday that it expected its net profit to fall not more than 15 per cent YoY in the first six months of this year, due to pricing pressures.
Saudi Cement reports 5.9% second-quarter rise
Saudi Cement Co reported a 5.9 per cent increase in second-quarter net profit on Monday, thanks to increased demand. The company posted a second-quarter net profit of SAR307m (U...