Pakistan: Attock Cement sees 24% increase in quarterly profit
Attock Cement reported a 24 per cent rise in profit during 2QFY14-15 of PKR554m (US$5.5m) compared to PKR449m in the same period of last year.
Weekly Newsletter
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Cementos Argos may refinance short-term debt in 2015, Fitch
The majority of Cementos Argos’ short-term debts due in 2015 are expected to be refinanced, according to an analysis of Colombian cement firm by Fitch Ratings.
PPC cautions on half-year earnings
South Africa's biggest cement maker, PPC, advised yesterday that its earnings in the six months to the end of March 2015 may fall by as much as 45 per cent partly due to rising ...
UltraTech quarterly revenue rises 15% YoY
India's largest cement producer, UltraTech Cement, reported a 15 per cent YoY increase in net sales for the quarter ended 31 December 2014 to INR54.9bn.
Ecuador: Peru’s Cementos Yura buys stake in Unión Cementera Nacional
Cementos Yura, part of Peru’s Grupo Gloria, has acquired a 63.5 per cent share in state-owned Unión Cementera Nacional of Ecuador, which will hold the balance of shares.
Semen Indonesia targets seven per cent sales growth
Semen Indonesia is targeting sales growth of around seven per cent this year, despite a cut in the price of the construction material for state-run enterprises initiated by the ...
CRH confirms discussions over Lafarge and Holcim assets
CRH has confirmed that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by the two companies in advance of th...
Spain’s cement demand holds at just below 11Mt in 2014
Cement consumption in Spain reached 10.79Mt in 2014, largely stable when compared to the 10.74Mt recorded in 2013, latest figures released by domestic cement association Oficeme...
Lafarge to buy back Baring stake in Indian unit
Lafarge India is reportedly buying back the 14.03 per cent stake it sold to global private equity investor Baring Private Equity Asia in 2013. Through its wholly-owned subsidiar...
Egypt: Supreme Administrative Court suspends privatisation appeal
The Supreme Administrative Court has decided to halt proceedings looking into the appeal against the privatisation of Egypt-based Beni Suef Cement Company.