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Shree Cement reports 31% increase in net profit

Shree Cement reports 31% increase in net profit

India’s Shree Cement has reported a 31.1 per cent YoY rise in standalone net profit for the quarter ending 31 March 2018, increasing to INR3.99bn (US$60.14m) from INR3.04bn. Net...

Cemex reports increase in net sales in 1Q18

Cemex reports increase in net sales in 1Q18

Cemex has announced a 92.3 per cent YoY fall in profit for the 1Q18, decreasing from US$336m to US$26m. The sharp decline has been attributed to higher operating expenses and fo...

Cementos Bío Bío launches 2021 strategic plan

Cementos Bío Bío launches 2021 strategic plan

As cement demand in Chile remains muted and the cement industry is restructuring its operations, Cementos Bío Bío is launching its “Transforma 2021” strategic programme. The pla...

CRH 1Q18 underlying sales slip 2%

CRH 1Q18 underlying sales slip 2%

A GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed ...

GCC quintuples consolidated net income in 1Q18

GCC quintuples consolidated net income in 1Q18

Grupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$4...

Shree Digvijay Cement posts 63% rise in sales

Shree Digvijay Cement posts 63% rise in sales

India-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m), ...

Colombia: SIC confirms cartelisation sanctions

Colombia: SIC confirms cartelisation sanctions

The Colombian Superintendent of Industry and Commerce (SIC) has ratified sanctions imposed in December on Argos, Holcim Colombia and Cemex Colombia, for price cartelisation betw...

Loesche wins VRM order for Objana's Line 5

Loesche wins VRM order for Objana's Line 5

Loesche is delivering two vertical roller mills (VRM) for Dangote Cement's Obajana plant's new line in Kogi State, Northern Nigeria. With a total capacity of more than 12Mta, th...