Buzzi Unicem hit by poor weather and early Holy Week
Buzzi Unicem's first-quarter turnover declined by 8.4 per cent to EUR539.1m as a harsh winter took its toll in many countries. Net debt at the end of March was 3.9 per cent high...
Weekly Newsletter
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Siwertell AB under new ownership
In a new agreement Cargotec and JCE Invest AB have established a new joint venture, Bruks Siwertell Group (BSG), specialised in dry bulk handling. BSG will own Siwertell AB, whi...
Kyrgyzstan produces 1.503Mt of cement in 2017
Kyrgyzstan produced 1,503,400t of cement in 2017, according to data of the country’s National Statistics Committee.This represents a 16.6 per cent YoY rise.
Sumitomo Osaka Cement sees 4% revenue rise in FY17-18
Japan-based Sumitomo Osaka Cement Co reported a 4.4 per cent rise in group revenues to JPY244.93bn (US$2.23bn) for FY17-18 ending March 2018 from JPY234.06bn in the previous fin...
Loma Negra reports 1Q YoY results growth
Argentina-based producer Loma Negra reported a 41.6 per cent rise in net revenues in the first quarter of 2018 to ARS4534m (US$230m) as the company’s combined cement, masonry an...
Asamer Baustoffe seeks buyout bid for Fabrika Cementa Lukavac
Austria's Asamer Baustoffe is launching a buyout bid for Bosnia-Herzegovina-based Fabrika Cementa Lukavac, following a notice posted with the Sarajevo bourse on Tuesday, reports...
Colombia's cement market contracts 10% in March
Cement deliveries in the Colombian cement market fell 9.9 per cent YoY to 976,300t in March, according to the country’s national statistics office, DANE. Around 68 per cent, or ...
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 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...