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CRH reports positive 1Q19
Corporate - 24 April 2019

CRH reports positive 1Q19

Ahead of tomorrow's AGM, CRH reports that the group has had a positive start to the year with 1Q19 like-for-like group sales seven per cent ahead of 1Q18. Sales volumes benefited from mild weather conditions and good momentum across most major markets for the group. Sales growth was also supported by pricing progress, reports CRH.

 Like-for-like sales for America Materials operations were fo...

International - 25 April 2019

Vietnam cement sales advance 11% in March

Domestic sales in Vietnam increased 19 per cent YoY and 147 per cent MoM to 6.797Mt in March 2019, according to the latest data from the Vietnam National Cement Association (VNCA). VICEM sales were up 120 per cent YoY to 2.338Mt and sales by its affiliated companies saw a 17 per cent rise to 1.949Mt. Other companies added a further volume of 2.51Mt (+20 per cent YoY) to total domestic sales. ...

Trading - 23 April 2019

Pakistan's seaborne exports grow July 2018-March 2019

Cement exports during the first nine months of July 2018 to March 2019 recorded a YoY growth of 32.8 per cent and 55.4 per cent in terms of value in dollar and quantity, respectively, according to Pakistan's Bureau of Statistics (PBS). The rise in cement exports came on the back of an increase in seaborne clinker and cement exports. However, exports to Afghanistan and India contracted by 17...

Freight Markets - 28 January 2019

South Central Railway looks to boost cement freight in FY18-19

India’s South Central Railway (SCR) has set a new target to boost its cement freight to 27.5Mt in the FY18-19, up from 25.82Mt of the previous year. The company has already transported 20.49Mt in the first three quarters of the financial year. As a whole, Indian railways transported 114.18Mt of cement during the FY17-18, with South Central performing highest amongst all zonal railways at 22....

Corporate - 25 April 2019

UltraTech Cement records positive results for FY18-19

India’s UltraTech Cement (Aditya Birla Group) has reported a 9.6 per cent YoY increase in consolidated profit after tax to INR24.35bn (US$347.6m) for the year ended 31 March 2019. Revenue for the fiscal rose 20.4 per cent to INR367.75bn from INR305.41bn. However, the company noted in an exchange filing that its results for the FY18-19 and final quarter are not comparable with previous periods ...

Environmental - 24 April 2019

AfriSam expects carbon tax to boost slagment sales

AfriSam is helping to support customers seeking to reduce their carbon footprint with its 'slagment', which is expected to see an increasing rise in popularity following the new carbon tax in South Africa, which comes into force in June 2019. AfriSam's dedicated slagment plant in Vanderbijlpark has the capacity to produce over 0.8Mta of slagment, along with over 0.2Mt of blended cementitious p...

Recent Orders - 25 April 2019

Wärtsillä to build 20MW engine to power Najmat Al-Samawa cement plant

Wärtsilä will supply the equipment to enable an efficient, reliable and independent power source for the Najmat Al-Samawa cement factory in Iraq. The 20MW engine power plant is being built by Al Shumookh Lucky Investments Ltd, a joint venture company of Lucky Cement Ltd and a limited liability company registered in the United Arab Emirates. The power plant will operate on two Wärtsilä 32 eng...