Oman Cement Co 1Q16 profits up
Oman Cement Company has reported a profit after tax of OMR3.84m (US$9.97m) during 1Q16 as compared to OMR3.83m in corresponding period last year - showing a minor growth of 0.28...
Weekly Newsletter
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Cemex intends to reduce its US exposure to reduce debt
In a further effort to reduce its high gearing, which stood at 180.1 per cent at the end of March, Cemex has agreed to sell assets worth US$400m to a US subsidiary of the Mexica...
Spain: Cementos Molins 1Q16 profit up 1.7%
Cementos Molins posted profits of EUR15.36m for Jan-Mar 2016, up 1.7 per cent YoY. However, sales reached EUR130.69m, 10.2 per cent down when compared with 1Q15.
India: UltraTech’s profits rise to US$109m for 1Q16
UltraTech Cement’s quarterly earnings statement for 1Q2016 show consolidated net profit growth of 10 per cent reaching INR7.23bn (US$109m) for the year to March, according to a ...
Growing pains: southeast Asia's looming overcapacity
Positioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. Be...
CRH 1H16 earnings to reach US$1.1bn driven by US and Asian markets
In its earnings statement for 1Q2016, CRH predicts that EBITDA will rise to EUR1bn (US$1.1bn) driven by growth in the United States and the Philippines. This is around five per ...
New projects push Indonesia towards overcapacity
Indonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the ...
Lucky Cement to award 660MW power plant contract next month
Lucky Cement is preparing to award a contract to build a 660MW coal-fired electricity generation plant at the country's industrial hub near Karachi. Negotiations with potential ...
Germany: thyssenkrupp to install new kiln line at Schelklingen
Engineering firm thyssenkrupp has signed a deal with HeidelbergCement to install a new 4500tpd kiln line at the latter's Schelklingen plant in Baden-Württemberg. The new line is...
Cementos Molins plans US$189mn investment in Argentina
Cementos Molins SA, Spain, the main stakeholder in Argentina's Cementos Avellaneda, said on Monday it plans to invest US$189mn to expand production at the company's local facili...