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...
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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...
Vicat's net underlying 2018 profits 12% ahead
Vicat's turnover edged ahead by 0.7 per cent in 2018 to EUR2582m and EBITDA eased by 2.2 per cent to EUR435m, while at unchanged exchange rates and other parameters the changes ...
Cemtech Middle East & Africa off to successful start
Over 200 delegates from the global cement industry have come together for Cemtech Middle East & Africa 2019, which is being held at the Grand Hyatt Dubai, UAE, between 17-20 Feb...