UltraTech Cement announces 91% rise in consolidated profit
India’s UltraTech Cement Ltd has announced a 91 per cent YoY growth in consolidated net profit to INR12.08bn (US$171.2m) for the quarter ending 30 June, compared with INR6.31bn ...
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Loma Negra sees 2% drop in 2Q revenue but EBITDA up
Argentina-based Loma Negra reported a 2.2 per cent YoY drop in 2Q net revenue to ARS7.47bn (US$165m) while consolidated adjusted EBITDA increased 7.1 per cent YoY to ARS1.929bn,...
Argentine cement demand up 5% in July
Total cement consumption in Argentina in July 2019 increased 5.1 per cent YoY to 1,000,711t, according to the country’s cement association, AFCP. The market requirement was enti...
Eagle Cement Corp announces 44% rise in net profit
Philippines-based Eagle Cement Corp has announced a 44 per cent YoY rise in net profit for the first six months of 2019 to PHP8.2bn (US$156.7m), while also reporting a 21 per ce...
Sabah considers new plant to ensure clinker supply
Sabah Economic Development Corp (SEDCO) and Cement Industries (Sabah) Sdn Bhd (CIS) are reportedly considering plans to build a clinker plant to ensure supply into the Malaysian...
Buzzi Unicem reports strong 1H EBITDA
Buzzi Unicem's first-half turnover improved by 13.6 per cent to EUR1518.7m and EBITDA rose by 26.9 per cent to EUR288.6m. Group cement deliveries improved by 7.1 per cent to 13....
JK Cement reports 212% increase in net profit
India’s JK Cement has reported a 211.8 per cent YoY increase in standalone net profit for the quarter ending 30 June, rising to INR1.53bn (US$21.86m) from INR493.2m. Net revenue...
Kinshasa cement prices sees 11% hike
The price of a bag of grey cement in Kinshasa, Democratic Republic of Congo, has increased to CDF15,000 (US$9.08) from CDF13,500, according the national press agency ACP. The pr...
Titan Group's 1H19 results bolstered by USA
Titan Group recorded a turnover of EUR785.4m in 1H19, up 10.2 per cent on 1H18. This was attributed to a strong performance in the US market and growth in cement demand in south...
Cement shipments in USA slip to 9.3Mt
Total shipments of Portland and blended cement in the USA and Puerto Rico fell to 9.3Mt in May 2019, according to the US Geological Survey (USGS). The leading consuming states w...