Weekly Newsletter

4,217 posts · Page 175 of 422

Argentina's cement market expands by 94% in March

Argentina's cement market expands by 94% in March

Cement demand in Argentina surged by 94 per cent YoY to 974,391t in March 2021 from a low base of 502,368t in March 2020, according to the country’s cement association, AFCP. Th...

Bolivian market contracts 24% in January

Bolivian market contracts 24% in January

Cement consumption in Bolivia saw a 24.1 per cent drop to 230,317t in January 2021 from 303,619t in January 2020, according to Bolivia’s national statistics institute, INE. A Mo...

Zimbabwean import ban raises supply concerns

Zimbabwean import ban raises supply concerns

Zimbabwean retailers are concerned over the capacity of local cement companies to satisfy demand after a cement import ban has been implemented. However, the government is keen ...

Kolos sees 17% profit drop in 2020

Kolos sees 17% profit drop in 2020

Mauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in pro...

Lafarge Africa reports 99% growth in FY20

Lafarge Africa reports 99% growth in FY20

Lafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked to the c...

Sephaku Cement sees 10% revenue increase in 2020

Sephaku Cement sees 10% revenue increase in 2020

South Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 ...

West China Cement sees sales volumes rise 3%

West China Cement sees sales volumes rise 3%

West China Cement has seen its attributable profit decrease 13.4 per cent YoY to CNY1560m (US$237.48m) in 2020, compared with CNY1801.3m in the previous year. Revenue was down 1...