Adverse weather and foreign currency exchange affect Titan's 1Q18
Τitan Group 1Q18 results suffered from adverse weather conditions in the US and southeastern Europe, coupled with the strengthening of the euro against the US dollar and other c...
Weekly Newsletter
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Brazilian cement sales in April report 9% increase
Cement sales in Brazil increased 8.9 per cent to 4.352Mt in April 2018 when compared with 3.997Mt in April 2017, according to preliminary industry data published by the country’...
Vicem announces 7% sales increase
Vietnam’s leading cement producer, Vicem, has announced a 6.7 per cent YoY increase in sales of clinker and cement to 9.2Mt for the first four months of 2018, according to Vietn...
Semen Indonesia sees 9% rise in 4M18 group sales
Semen Indonesia's export sales more than doubled in April to 279,945t from 118,401t in April 2017. Meanwhile, the company’s domestic cement sales remained largely stable in Apri...
Duna-Dráva Cement completes plant renovation
Duna-Dráva Cement Kft has announced that a HUF7bn (US$26.12m) project to improve sustainability at its facility in Vác, Hungary, has been completed. Construction work took place...
UltraTech set to acquire Century Textiles' cement business
UltraTech has announced plans to acquire the cement sector of Century Textiles through a share swap deal, which will further strengthen its presence in the eastern and central m...
Geopolitics and tightening supply to impact oil prices in 2018-19
Global oil supply and demand balances are expected to tighten over the next 18 months, driven by the continued collapse of Venezuelan output, according to Bank of America Merril...
JK Lakshmi reports 62% rise in standalone net profit
JK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per cen...
US and Puerto Rican cement markets contract in February
Total shipments of Portland and blended cement in the US and Puerto rico in February contracted by 3.6 per cent YoY to 5.8Mt, according to the US Geological Survey (USGS). The l...
Peru's cement demand up 14% in April
Peru’s cement market expanded by 13.5 per cent YoY in April 2018 as cement deliveries reached 0.817Mt, according to the latest data from the country’s cement association, Asocem...