Indonesian cement market contracts 16% in July
Cement demand in Indonesia declined 16.3 per cent YoY to 5.3Mt in July 2020, according to the Indonesian Cement Association (ASI). The market of Sulawesi saw the largest contrac...
Weekly Newsletter
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Carthage Cement posts TND3.3m net profit at end July
Carthage Cement posted a net profit of TND3.3m (US$1.2m) as of 31 July 2020, despite at two-month shutdown due to the COVID-19 pandemic. The stoppage led the company to lose nea...
CMA raises competition concerns over Breedon and Cemex deal
Breedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA)...
Puerto Rican cement market expands 24% in July
Cement demand in Puerto Rico advanced 23.8 per cent YoY to 60,546t (1.42m bags of 42.6kg) when compared with 49,033t (1.15m bags) in July 2019, according to data by the country’...
Adelaide Brighton returns to profit in the 1H20
Australia’s Adelaide Brighton has posted a net profit after tax of AUD29.1m (US$20.95m) in the first half of 2020, compared with a net loss of AUD17.9m in the year-ago period. T...
Anhui Conch's 1H20 profit rises 5.3%
Anhui Conch Cement's net profit rose in the 1H20, on the back of a resumption of construction projects in Asia and higher sales in western China. However, due to the COVID-19 pa...
PPC and subsidiaries record double-digit growth in July
PPC reports that its total volumes at its international subsidiaries saw double-digit growth in July compared to sales in July 2019. "The demand is especially strong in Zimbabwe...
Siam Cement Group releases results for Philippine operations
Thailand’s Siam Cement Group has reported a 39 per cent YoY decline in revenue to PHP5.34bn (US$109.7m) from its Philippine operations for the first half of the year, on the bac...
Vietnamese export volumes rise 11% in the 7M20
Vietnam exported 19.5Mt of cement and clinker worth US$732m in the first seven months of 2020, up 11.4 per cent YoY in volume but down 5.4 per cent in value, according to Dau Tu...
Misr Beni Suef Cement records 84% rise in profit
Egypt’s Misr Beni Suef Cement Co has seen its profit rise 84 per cent YoY to EGP29.5m (US$1.85m) during the second quarter of 2020, against EGP16m in the 2Q19. The company also ...