Bangladesh's cement sector sees signs of recovery in demand
Premier Cement of Bangladesh has reported that the cement sector has been showing some signs of recovery for the last two months, despite the coronavirus pandemic. The sector ha...
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Twiga Cement to increase cement capacity in Tanzania
Twiga Cement's Head of Commercial Cluster East, South and Central Africa, Yves Mataigne, says the company will invest TZS34bn (US$14.6m) this year and TZS33bn (US$14.1m) in 2021...
PPC considers restructuring and refinancing options
Following reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders befor...
Brazil's cement market expands in July but outlook uncertain
Cement sales in Brazil increased 18.9 per cent YoY to 5.9Mt, according to the country's cement association, SNIC. Cement sales per working day edged up 2.4 per cent MoM. It foll...
Taiheiyo Cement's operating profit rises 17% YoY
Japan’s Taiheiyo Cement announced a 41.8 per cent YoY decline in net profit to JPY3.2bn (US$29.96m) for the quarter ending June 2020. However, operating profit advanced 17.1 per...
Two Fijian cement companies issued stop order
Two cement factories were closed in Fiji last week after being issued a stop order by the Department of Environment, according to the Fiji Sun. The stop order was reportedly the...
Loma Negra sees 30% decline in revenue for 2Q20
Argentina’s Loma Negra has announced a 30.1 per cent YoY decline in net revenue to ARS7453m (US$104m) in the second quarter of 2020. Consolidated adjusted EBITDA was also down 2...
Shree Cement sees 14% fall in net profit
India’s Shree Cement has seen a 13.5 per cent YoY fall in net profit to INR3.3bn (US$44.17m) for the June quarter of FY20-21, compared with INR3.82bn in the year-ago period. Rev...
Arkan Building Materials sees profits decline to AED2.1m in 1H20
Arkan Building Materials reported 1H20 profits declining to AED2.1m (US$571,818) as construction activity became disrupted in UAE due to the pandemic. Last year the company repo...
Dalmia Bharat posts 24% YoY increase in net profit
India’s Dalmia Bharat has reported a 23.7 per cent YoY rise in consolidated net profit to INR1.88bn (US$25.08m) for the quarter ending June 2020, compared with 1.52bn in the yea...