Philippines announces new duty on imported cement
The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure ...
Weekly Newsletter
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Attock Cement's grinding unit starts production in Iraq
Attock Cement Pakistan Limited (ACPL) has informed the Pakistan Stock Exchange (PSX) that commercial production from its newly constructed 0.9Mta cement grinding unit in Basra, ...
China's cement output rises by 6% in 1H19
China's total cement output rose by 6.8 per cent in 1H19 to 1.045bnt. This was the fastest growth in the last six years, even though cement supply was still constrained by the p...
Vietnamese production estimated to have risen 9% in August
Vietnam is estimated to have produced 7.9Mt of cement in August, an increase of 8.7 per cent YoY, according to the latest data from the country’s General Statistics Office. Ther...
Cahya Mata Sarawak sees decline in 1H19 net profit
Malaysia's Cahya Mata Sarawak Bhd (CMS) recorded a 54.9 per cent decline in net profit to MYR41.33m (US$9.79m) for the 2Q19, compared with MYR91.63m in the year-ago period. Howe...
Vassiliko Cement sees 9% increase in total income
Cyprus’ Vassiliko Cement has seen an 8.9 per cent YoY increase in total income to EUR53.99 for the first six months of 2019, compared with EUR49.6m in the year-ago period. Profi...
LafargeHolcim's takeover of Somaco to be investigated
Romania's competition authority is to analyse LafargeHolcim's acquisition of Romanian precast concrete producer Somaco. LafargeHolcim had signed an agreement in July with Romani...
CRH reports sales of EUR13.2bn in 1H19
CRH reported that group sales in 1H19 amounted to EUR13.2bn, up 11 per cent when compared with 1H18. EBITDA was 36 per cent ahead of 1H18 and the EBITDA margin rose by 11.7 per ...
Iraq approves investment to reconstruct Kufa cement plant
Iraq’s Finance Ministry has approved a US$60m investment to reconstruct a government-owned cement plant in the south-central Najaf governorate, according to Zawya. Work on the r...