Dangote Cement plans 1Mta grinding unit in Gabon
Dangote Cement will construct a new 3000tpd clinker grinding plant in Gabon, representing an investment of US$75m, according to Dangote Group President, Alhaji Aliko Dangote. Th...
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Pioneer Cement signs limestone development agreement in Georgia
Raysut Cement's UAE subsidiary, Pioneer Cement, has signed an agreement for the development of a limestone mine in Georgia. Under the 10-year deal SFL International will pay a r...
Cementos Molins reports 5% rise in net profit for 2019
Cementos Molins posted a consolidated net profit of EUR90m in 2019, up five per cent YoY. EBITDA increased five per cent YoY to EUR49m. However, the depreciation of the Argentin...
LafargeHolcim's FY19 net sales total CHF26.7bn
LafargeHolcim's reported that its FY19 net sales reached CHF26.72bn (US$27.49bn), up 3.1 per cent on a like-for-like basis compared to the prior year, driven by good growth in E...
Adelaide Brighton sees revenue down 8% in 2019
Australia’s Adelaide Brighton Ltd has reported a 74.5 per cent YoY fall in net profit to AUD47.2m (US$31.1m) for 2019, decreasing from AUD185.2m in the previous year. Revenue al...
Peruvian cement consumption increases 2% in January 2020
Peru’s cement market expanded 2.1 per cent YoY to 946,000t in January 2020 from 927,000 in the year-ago period, according to the country’s cement association, Asocem. In the pri...
Cement consumption in Brazil slips 1% in January 2020
Cement sales in Brazil slipped 0.9 per cent YoY to 4.5Mt in January 2020, according to the country’s cement association, SNIC. Apparent cement consumption, which includes import...
TÇMB re-elects chairman and announces export success
The Turkish Cement Manufacturers’ Association (TÇMB) has re-elected Dr Tamer Saka as its chairman, with Dr Saka having already served in the role since July 2019. Following his ...
Cementos Argos sees 11% rise in revenue for 2019
Colombia’s Cementos Argos saw a 11.4 per cent YoY rise in consolidated revenue to COP9.3trn (US$2.71bn) in 2019. EBITDA increased 14.3 per cent YoY to COP1.75trn, while its oper...
ACC and Ambuja Cement announce new MDs & CEOs
ACC (LafargeHolcim group) has appointed Sridhar Balakrishnan as its new managing director and chief executive officer for five years effective from 21 February 2020. Mr Balakris...