Tanga Cement breaks ground on new line
Tanga Cement Company Ltd (TCCL) has launched construction of a new clinker production line involving an investment of US$165m. Speaking at the groundbreaking ceremony, Lau Masha...
Weekly Newsletter
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Anhui Conch first-half net profit rises, China
Anhui Conch Cement Co Ltd reported a net profit of CNY3.06bn (US$500.6m) in the first half of 2013, a rise of 4.89 per cent rise compared to the same period of the year before.
Indonesian producers increase exports
Cement exports from Indonesia increased in July as domestic demand slows and new capacity comes on-stream.
Votorantim pulls IPO plan, Brazil
Votorantim Cimentos SA withdrew plans for its multibillion dollar initial public offering on Monday citing poor market conditions. Votorantim had postponed its IPO plans in July...
CRH to acquire Sree Jayajothi Cements, India
CRH has announced that its 50:50 joint venture in India, My Home Industries Limited (MHIL) has reached an agreement to acquire 100 per cent of the shares of Sree Jayajothi Cemen...
Suez Cement six-month net profit ahead, Egypt
Suez Cement has reported a 34 per cent increase in first-half net profit thanks to cost reduction and efficiency improvement efforts.
Acquisitions, improved markets drive Eagle's 1Q
In the first quarter of its financial year to 31 March 2013, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, rose by 43.7 per cent to US...
Vicat advances in Turkey and Kazakhstan
Vicat's first-half turnover increased by 1.7 per cent to EUR1147.7m, which amounts to a 3.2 per cent improvement on a comparative basis as the France-based cement producer made ...
PPC buys controlling stake in Safika Cement
PPC has entered into an agreement to purchase a controlling equity stake in Safika Cement Holdings, a blended-cement producer in South Africa. The company acquired the stake for...
US shipments ahead in first five months
Total shipments of Portland and blended cement in the United States and Puerto Rico in May 2013 were about 7.77Mt, up by nearly three per cent YoY, according to the latest stati...