South Africa: Chinese investment for Mamba Cement in place
The Mamba Cement project, jointly funded by China's Jidong Development Group, the China-Africa Development Fund and a South African cement company, signed the financing agreemen...
Weekly Newsletter
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Vietnam: Vinaconex on target with restructuring
Vietnam Construction and Import-Export JSC (Vinaconex) claims to have met its restructuring targets after successfully addressing shortcomings in the firm's assets, capital sour...
Nigeria: Dangote Cement Plc gross revenue soars
In the 1H13 Dangote Cement Plc's gross revenues grew by 29 per cent to NGN288.9bn (US$1.8bn) for the 3Q13, from NGN224.5bn recorded in the corresponding period 3Q12.
Malaysia: Lafarge's net profit rises by 24.7%
Lafarge Malaysia Bhd's net profit for the third quarter ended 30 Sept 2013 rose 24.7 per cent to MYR120.2m (US$37.7m) from MYR96.4m a year ago.
PPC's preliminary report, year-end Sept 2013
PPC's South African cement sales volumes rose by seven per cent, while industry sales for the nine months ending June 2013 increased by 4.2 per cent. Strong volumes were recorde...
USA: Ravena plant to be renovated
Lafarge has declared that it will spend several hundred million dollars to renovate its Ravena cement plant in Albany County. The revamped factory should be operational again by...
Holcim gets FIPB approval for India restructure
Holcim has received approval from the Foreign Investment Promotion Board (FIPB) of India to merge Holcim India Private Ltd (HIPL) with Ambuja Cements as part of plans to streaml...
US August cement shipments ahead YoY
Total shipments of Portland and blended cement in the US and Puerto Rico in August 2013 rose five per cent YoY to 8.6Mt, data from the US Geological Survey shows. Shipments for ...
Brazil sees rise in monthly cement sales
Preliminary data and market estimates show that cement sales in Brazil during October reached 6.5Mt, a 4.7 per cent YoY increase from the same period of last year. Data from loc...
CRH results broadly in line with last year
In its autumn trading statement, CRH announced that it expects the EBITDA to be broadly in line with last 2012 numbers, assuming normal weather patterns for the remainder of the...