UltraTech receives approval to acquire cement business
UltraTech has announced that it received approval from the Competition Commission of India (CCI) to acquire the cement business of Century Textiles and Industries. UltraTech is ...
Weekly Newsletter
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Adelaide Brighton records net profit increase in 1H18
Australia's Adelaide Brighton has posted a 17.7 per cent YoY increase in net profit to AUD84.5m (US$62m) in the 1H18. Revenue saw a rise of 11.7 per cent to AUD807.2m, on the ba...
Bestway Cement records profits of PKR13.157bn
Bestway Cement Ltd (BCL) has recorded a profit of PKR13.157bn (US$107.2m), down by one per cent YoY, in the fiscal year ended 30 June 2018.
ARM Cement placed under administration
Kenyan cement producer ARM Cement Ltd has been placed under administration. Commercial banks took control of the cement producer in a bid to recover the KES15bn (US$14.9m) owed ...
Cemento Fortaleza starts operations in Costa Rica
Plycem-owned Cemento Fortaleza will move from being a distributor of cement in Costa Rica to a local producer. The company recently commissioned a new cement plant in Esparza, P...
President El-Sisi inaugurates Beni Suef cement complex
Egyptian President Abdel-Fatah El-Sisi inaugurated on 15 August the US$1.1bn cement and marble complex in Beni Suef governorate as part of the government’s development drive.
ARM seeks limestone mining permit
ARM is requesting government approval to mine limestone in five areas in Kilifi County, Kenya. The cement producer wants to mine the raw material over 24.931km 2 in the Chonyi, ...
Elementia to invest US$30m in Yucatán grinding unit
Mexican cement producer Elementia will invest US$30m in a 0.25Mta grinding unit in Yucatán, reports CE Noticias Financiers. The project is in line with Fortaleza’s commercial st...
Shree Cement to set up 3Mta grinding plant in Cuttack
Shree Cement is setting up a 3Mta cement grinding unit at Chandrabali village, Shyampura, in Cuttack district of Odisha. The INR452,550m (US$2m) facility is being constructed by...
Brazil cement sales fall 3% YoY in July
Domestic cement sales in Brazil slipped 2.5 per cent to 4.589Mt in July when compared with the year-ago period when sales reached 4.709Mt, according to the country’s cement asso...