LKAB Minerals is set to acquire Francis Flower
LKAB Minerals of Sweden is working on a deal to complete the acquisition of Francis Flower by 3 December 2018. The Austrian Competition Authority gave clearance for the acquisit...
Weekly Newsletter
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Colombian cement demand stable in September
Cement dispatches in September 2018 increased by 0.8 per cent YoY to 1.031Mt from 1.023Mt, according to DANE, the country’s statistics office. Demand growth was led by Córdoba, ...
New levy to increase input costs for Australian manufacturers
Australian manufacturers and industry groups have warned that a new "biosecurity levy" would increase costs by 3000-5000 per cent on the key inputs for cement production, alumin...
Cementos Argos reports 13% rise in 3Q net income
Cementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased ...
Argentina's cement demand falls 10% in Oct 2018
Argentina's cement market contracted by 9.6 per cent YoY to 1,040,317t in October 2018, according to the latest data by the country’s cement association, AFCP. Deliveries by the...
US and Puerto Rican markets expand 6% in August
Total shipments of Portland and blended cements in the USA and Puerto Rico increased by 5.8 per cent in August 2018 when compared with August 2017, according to the latest figur...
Votorantim Cimentos sells 75% share in Shree Digvijay Cement
Votorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completi...
Titan is looking to move its main quote to Brussels and the management to Cyprus
In the first nine months of 2018,Titan's turnover declined by 1.8 per cent to EUR1101.9m and EBITDA was down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA was ...
Eagle Cement sees 6% rise in 9M net profit
Eagle Cement Corp reported in the 9M18 net sales of PHP12.2bn (US$229.2m), up nine per cent YoY from PHP11.2bn in the 9M17. Strong sales and stable prices supported the rise in ...
Aliko Dangote has targeted Kenyan producer believed to be ARM
Dangote Cement is understood to be in talks to buy the troubled Kenyan cement maker ARM. This follows an interview of Aliko Dangote by Bloomberg News in which he said: "There is...