Pakistan's Popular Group has reportedly purchased Dadabhoy Cement
Pakistan’s Popular Group of Industries has reportedly purchased Dadabhoy Cement Industries Ltd. The company’s plant in Dadu District, Sindh Province, has been closed for several...
Weekly Newsletter
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Hima Cement to open new plant in Uganda next month
Hima Cement has announced that its UGX144bn (US$40m) new plant in Tororo, Uganda, will begin operations next month. The country is currently experiencing a severe price hike and...
Attock Cement Pakistan profit falls in 3QFY 18
Attock Cement Pakistan Ltd (ACPL) 3QFY18 financial results saw a decline in net profit to PKR674m (US$5.8m) from PKR860m (US$7.41m), earned in same quarter last year. This repre...
Tajikistan records 84% increase in cement production
Tajikistan has recorded an 83.5 per cent YoY increase in cement production in the first quarter of this year, rising to 782,400t from 426,400t. The production of cement in 2018 ...
KFTC fines 26 manufacturers for cartelisation
The Korea Fair Trade Commission (KFTC) has announced that it levied KRW15.37bn (US$14.64m) of fines on 26 cement manufacturers for cartelisation activities, according to Korea J...
Saudi Arabia cement sales fall 11% in 1Q18
Saudi Arabia's total cement sales for 1Q18 stood at 11.8Mt, down 11 per cent YoY and one per cent QoQ. The combination of weak demand and high inventory levels forced the compan...
Polish cement market to grow 6-7% in 2018
Cement demand in Poland is expected to grow by 6-7 per cent in 2018. This would bring domestic demand to 18Mt, according to the Association of Cement Producers (SPC).
Quinn Industrial Holdings records positive 2017
Quinn Industrial Holdings (QIH) has recorded a 7.4 per cent YoY increase in turnover to EUR209m for the full-year 2017 period. EBITDA saw a significant improvement of 31 per cen...
Moroccan cement market contracts 15% in March
Moroccan cement demand declined 15.1 per cent YoY in March 2018 to 1,124,152t from 1,324,221t in the third month of 2017, according to the latest data from the country's Ministr...
PPC considers expansion and possible sell-off in DR Congo
PPC Ltd's Chief Executive Officer, Johann Claassen, has vowed to boost liquidity and extend debt maturity and he's eyeing future expansion for the company in east and west Africa.