Denmark: FLSmidth 2H16 revenues fall 19%
FLSmidth's revenue decreased 19 per cent to DKK4135m (US$620.7m) in 2Q16 (2Q15: DKK5093m or US$764.5m). The revenue improved sequentially from 1Q16 but was nevertheless lower th...
Weekly Newsletter
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Germany: KHD suffers 1H16 revenue fall by 25.5%
KHD's 1H16 revenue amounted to EUR66.6m, considerably lower than the figure for the previous year (EUR89.4m). Reasons for the decrease of 25.5 per cent are the relatively low or...
Kurdistan: new Inekon Group plant
Inekon Group has signed a contract for a new plant project in the Iraqi region of Kurdistan worth US$450m. Project Manager, Michal Obrucník, said that the end customer is a Kurd...
McInnis Cement breaks ground on US cement terminal
McInnis Cement officially broke ground at the new cement company's first US terminal in the Port of Providence. The overall cost of the project is expected to reach US$22m when ...
Pakistan: northern plants register strong July sales
Domestic cement sales in Pakistan rose 12.38 per cent YoY to 2.018Mt in July 2016 from 1.8Mt in July 2015 as large government-funded infrastructure projects pushed up demand, ac...
Indonesia: Indocement cuts production by 1Mt
PT Indocement Tunggal TBK will cease operations at two production lines at its Citeureup plant due to the national cement excess, resulting in a 1Mta drop in output levels.
Argentina's cement demand down 20.7%
In July Argentina's cement demand fell 20.7 per cent YoY from 1,069,622t in July 2015 to 847,684t and slipped 1.1 per cent from the 857,525t recorded in June, according to the c...
China: Asia Cement reports 1H16 loss
Asia Cement (China) has released trading figures for the half of 2016, which reveal that the company made a loss of CNY64.6m (US$9.7m) for the period, ET Net reports.
Togo: CIMAF to agree greenfield plant deal
Morrocan-based Ciments de l'Africa (CIMAF) is thought to be on the brink of agreeing to construct a new cement plant in Togo. There are currently four cement producers operating...
LafargeHolcim 2Q16 results
LafargeHolcim released its second quarterly results today, which reported net sales of CHF7.28bn (US$7.47bn). Adjusted operating EBITDA (excluding merger, restructuring and othe...