Lafarge Africa in 2Q16
Lafarge Africa Plc has released its financial results for 2Q16, reporting a total revenue of NGN107bn (US$344.9m). Cost of sales stood at NGN92.2bn (US$297.3m), down from NGN98b...
Weekly Newsletter
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Siam City Cement to acquire Holcim Lanka
Siam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka.
UK: Breedon to complete Hope acquisition in August, 1H16 results
Following the conclusion of the Competition & Markets Authority's (CMA) review, Breedon Aggregates expect to complete the acquisition of Hope Construction Materials Limited (Hop...
Brazil: Votorantim Cimentos de Corumbá cuts water consumption by 60%
The development of a sound environmental management system and employee engagement at work have provided significant changes to Votorantim Cimentos de Corumbá, Mato Grosso do Su...
Nigeria: Sinoma wins EPC contracts for two projects
China National Materials Company said its subsidiary Sinoma International Engineering Co Ltd, has signed two Engineering, Procurement and Construction (EPC) contracts in Nigeria...
South Korea: Hyundai Cement up for sale
Hyundai Cement Co. is expected to put up for sale this year. Despite only having a small market share in South Korea, the upcoming sale is expected to bring about change in the ...
LafargeHolcim increases El Salvador investment
LafargeHolcim will invest US$9m to upgrade its production facilities in El Salvador in view of an expected rise in demand. Around US$3m will be spent on 16 projects in its El Ro...
Ghana: Pozzolana Cement to make redundancies?
Management at Pozzolana Ghana Ltd is considering redundancies or the temporary shutting down of the company following power outages. According to Collins Opoku Gyan, production ...
Peru cement market contracts 3.5% YoY in June
In June, Peruvian cement demand fell by 3.5 per cent YoY to 0.756Mt from 0.781Mt, according to Asocem, the country's cement association.
Mozambique is on course to more than double its cement capacity
Three new factories are due to open before the end of the year in Mozambique as the country's cement capacity is expanded from just over 2Mta to around 5.3Mta.