Malaysia: CMSB 1H16 cement profits down 24%
Cahya Mata Sarawak Berhad (CMSB) has announced its earnings figures for the first half of 2016, including those of its cement division. This recorded a pretax profit of MYR41.7m...
Weekly Newsletter
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CRH more than doubles EBITDA to EUR1.12bn in 1H16
CRH plc announces that its 1H16 sales increased by 35 per cent to EUR12.7bn and EBITDA more than doubled on the same period a year ago to EUR1.12bn. Building material sales rose...
Indonesia: July cement demand up slightly, stronger growth anticipated
According to figures released by the Indonesian Cement Association (ASI), cement demand in July was up slightly YoY, despite falling by 29 per cent compared to June, Indonesian ...
Argos Board approves sale 20% stake in Argos Panamá
The Board of Cementos Argos has approved the sale of 20 per cent of shares of Argos Panama for the sum of US$126m.
Vietnam cement sales reach 45.02Mt in Jan-Jul 2016
Inclement weather conditions resulted in Vietnam’s cement sales slipping to 5.15Mt in July, but prices remained stable, according to the country’s Ministry of Construction. Expo...
Iran: exports reach 4.4Mt in first four months
Iran exported 2.57Mt of cement and 1.83Mt of clinker in the first four months of the current Iranian calendar (20 March-21 July 2016), according to the Secretary of the Cement I...
Peru: Votorantim to buy assets of Cementos Orotongo
Votorantim Cimentos has made an agreement with Concesur (Consorcio Cementero del Sur) to purchase the cement assets of Cementos Orotongo acquired by Votorantim in 2012 from Cimpor.
HeidelbergCement to sell US assets to Cementos Argos in US$660m deal
HeidelbergCement has agreed to sell its plant in Martinsburg (WV), USA, and eight terminals to Cementos Argos for US$660m. The deal is subject to regulatory approval, but the Fe...
Sagar Cement to invest US$22m in new capacity
India-based cement producer Sagar Cement has announced that it plans to spend INR1.45bn (US$22m) over the next two years to expand its operations, the Hindu reports. The sum inc...
Cementos Argos 2Q16 US results remain strong
For the second quarter Cementos Argos' cement volumes decreased by 1.9 per cent, totalling 3.5Mt, as a result of a challenging market environment in Colombia. These results were...