Dangote Cement reports rise in group revenue for 2018
Nigeria’s Dangote Cement announced a 11.9 per cent YoY rise in group revenue to NGN901.2bn (US$2.48bn) from NGN805.6bn for the full-year 2018 period. The results were driven by ...
Weekly Newsletter
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Chip Mong Insee Cement achieves 26% market share in Cambodia in first year
After just one year of operations, Chip Mong Insee Cement Corporation (CMIC) has achieved a 26 per cent of market share in Cambodia, company representatives said. Speaking at th...
Caribbean Cement records JMD2.5bn profit
Jamaica's Caribbean Cement Co set a record profit of JMD2.47bn (US$18.89m) in its last financial year. Sales by the cement producer rose six per cent to JMD17.5bn, while its net...
South Africa's construction sector unlikely to recover before 2021
Following Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unli...
Raysut Cement of Oman to acquire Sohar Cement
Raysut Cement Co SAOG has informed Muscat Securities Market (MSM) that it has signed a letter of intent (LoI) with the shareholders of Sohar Cement Factory LLC of Oman, with res...
New cement plant for Aktobe, Kazakhstan
A new 1.8Mta cement plant will be built in Kazakhstan’s Aktobe region, according to the head of SEC Aktobe, Anuar Makhanov. Representing an investment of KZT101bn (US$268.8m), t...
Cement import into USA draws US$506,250 OFAC penalty
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing cl...
HeidelbergCement reduces its stake in Ciments du Maroc
As part of its action plan to optimise its portfolio and improve cash generation, HeidelbergCement is its reducing stake in Ciments du Maroc. HeidelbergCement announces the sale...
Cementos Argos' revenues slip in 2018
Cementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed t...
Cemex sells Broceni plant and Nordic assets to Schwenk Zement
Cemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being divest...