CRH 2016 gross profits up 69%
CRH released its 2016 results with its gross profits at EUR1741m up by 69 per cent on its EUR1033m in 2015. Operating profits were also up EUR2027m, as against EUR1277 a year ea...
Weekly Newsletter
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Hengya Cement gives green light to US$1bn Tanzania investment
Hengya Cement, a subsidiary of China's Hengyuan International Engineering Group, has announced that it will build a new cement plant in Tanga on Tanzania's northeast coast, repo...
Vicat's profits modestly ahead in 2016
Vicat's turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there wou...
Croatia: HeidelbergCement appeals Commission's decision
HeidelbergCement AG has appealed against an EU Commission decision from 10 October 2016 that initiated an in-depth Phase II investigation into the joint acquisition of Cemex Cro...
Cementos Argos' 4Q16 results boosted by US operations
Cementos Argos has announced that its 4Q16 results saw an 8.7 per cent rise in EBITDA and 70 per cent of its revenues was generated from operations outside of its domestic marke...
Turkey: Sabanci Holding announce investment funds
Turkish conglomerate Sabanci Holding has plans to make TRY4.5bn worth (US$1.25bn) of investments in 2017, the group's CEO said. The holding has plans to invest the funds in Turk...
USA: Summit cement profits rise 45% on back of higher volumes and prices
In a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices incr...
ARM cement plans Kenya capacity boost
Kenya's ARM Cement plans to expand its grinding capacity at its Athi River plant in Kenya to add 0.5Mta of cement to the company's production.
Lafarge Algeria to export clinker from 2018
Lafarge Algeria is preparing to export grey clinker from its local plants from 2018. The group already exports white cement from its Oggaz plants in the Mascara wilaya.
Cemtech MEA 2017 provides GCC focus for an international audience
Delegates from over 30 countries, including all of the Gulf Cooperation Council's member states, gathered at the Grand Hyatt Dubai, in UAE, for this year's Cemtech Middle East a...