Argentine market expands 4% in May
Argentina’s cement consumption advanced 4.3 per cent YoY to 964,762t in May 2019 from 924,211t in May 2018, according to the latest data by the country’s cement association, AFC...
Weekly Newsletter
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Holcim Philippines reports 35% EBITDA surge in 1Q19
Holcim Philippines has reported a 5.8 per cent YoY decrease in revenue to PHP8.1bn (U$156.28m) for the first quarter of 2019. However, EBITDA has surged 35 per cent to PHP1.7bn ...
Salvadorian cement demand surges 28% in 11M18
Apparent cement consumption in El Salvador has increased by 28 per cent in the January-November 2018 period to 27,314,750 bags of 42.5kg, or 1,160,877t, when compared with 21,80...
YTL Corp sees cement revenue fall 4% in 9MFY19
YTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Malay...
Armenia places import duty on Iranian cement
Armenia's parliament has approved a 14,000/t duty to be set on imported cement from Iran. A total of 85 law makers voted in favour of the duty with 16 voting against and three a...
Lafarge Malaysia reduces net loss in 1Q19
Lafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent...
Ultracem plans new Honduran plant
Construction growth and increased cement demand in Honduras are prompting cement producer Ultracem to make plans for a new cement plant in Cortés in the northwest of the country...
Hong Leong Asia looks to complete Tasek Corp takeover
Singapore-listed Hong Leong Asia is looking to take Malaysia’s Tasek Corp private in a deal worth an estimated MYR128.61m (US$30.6m), according to The Edge. The company currentl...
Mohir Cement plans new 0.6Mta plant in Tajikistan
Tajikistan’s Mohir Cement Co has announced plans to construct a new 0.6Mta cement plant in Jaloliddin Balkhi district, Khatlon. An estimated US$30m is expected to be spent on co...
Vicat announces stake in 2170 to develop low-carbon cements
Vicat has approached 2170, a subsidiary of Burgundy-based JPS Granulats, to accelerate the development of low-carbon cements. The French cement producers has announced it would ...