Rwandan government to divest Cimerwa stake
The state of Rwanda has put up its 49 per cent stake in Cimerwa up for sale, according to an announcement made by the country’s Prime Minister, Edouard Ngirente on 9 March 2019....
Weekly Newsletter
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Sephaku Cement sees 6% FY18 cement volumes fall
Sephaku Cement (Dangote Group) reported FY18 cement volumes fell by 6.4 per cent YoY in South Africa. Revenue also fell 3.1 per cent to ZAR2.2bn (US$153.9m) compared with ZAR2.3...
Eagle Cement records net profit increase in 2018
Philippines-based Eagle Cement Corp has recorded a 13 per cent YoY rise in net profit to PHP4.8bn (US$91.98m) in 2018, on the back of a double-digit expansion in sales volume. N...
Oficemen predicts slower market expansion in 2019
Cement consumption in Spain expanded by eight per cent in 2018, resulting in a domestic demand of 13.4Mt, according to the country’s cement association, Oficemen. For 2019, the ...
Foundation stone laid for second Chinese cement plant in Nepal
Huaxin Cement plant, a Chinese-Nepali joint venture, at Benighat Rorang Rural Municipality in Dhading, Nepal laid the foundation stone for its new plant on 1 March 2019. Nepal's...
LafargeHolcim's Ravena plant to fight for waste tyre burning
LafargeHolcim has urged local residents near to its Ravena cement plant to defeat a new law that would prevent the cement company from burning tyres. Last week the company took ...
Colombian market sees modest dispatch growth in January
National dispatches in Colombia edged up by one per cent to 918,300t in January 2019 from 909,400t in January 2018, according to the country’s national statistics office, DANE. ...
CRH sees 31% hike in group net profit in 2018
CRH reported a six per cent increase in sales revenues to EUR26.79bn in 2018 from EUR25.22bn in 2017. The company’s EBITDA advanced seven per cent to EUR3.365bn in 2018 when com...
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 ...
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...