Bolivia: Soboce income falls 49% in FY14-15
Soboce profits fell 48.8 per cent YoY from US$31.46m to USS16.12m in the period April 2014-March 2015. The result due to a rise in costs, heavy rains and the payment of a US$7....
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Aboitiz Equity to invest in Philippine venture
Aboitiz Equity Ventures Inc said it will invest PHP24bn (US$531m) in the cement business after formalising a deal with Irish cement maker CRH Plc to buy the Philippine assets o...
TCL reports second-quarter results
Having successfully refinance its restructured debt, Trinidad Cement Ltd has been able to take advantage of the maximum discount that was negotiated with creditors in May 2015....
Vicem half-year sales dip 0.5%, Vietnam
Vietnam Cement Industry Corporation (Vicem), the country’s leading state-owned cement producer, said its cement and clinker sales slipped 0.5 per cent to 10.73Mt in the first h...
Egypt: Suez Cement 2Q net profit drops 57%
Suez Cement posted a second-quarter net profit of EGP60.9m (US$7.8m) on Tuesday, down 57.2 per cent from the EGP142.5m recorded a year earlier. Revenue over the three month pe...
Sustained global cement demand growth expected
Global cement consumption is expected to record sustained growth in 2015, with further gains forecast for 2016, according to analysis presented in the recently-released Global ...
UltraTech first quarter profit falls 5.5%
UltraTech Cement's first quarter standalone net profit fell 5.5 per cent YoY to INR591 crore. The Aditya Birla Group firm had posted net profit of INR628 crore in the year-ago ...
Summit Materials completes acquisition of Lafarge North America assets
US-based construction materials company Summit Materials, Inc has completed its previously announced acquisition of a 1.2Mst cement plant in Davenport, Iowa along with seven ce...
CIMERWA unveils expanded plant project, Rwanda
CIMERWA has officially unveiled its modernised plant in Rwanda, which involved making the switch from wet- to dry-process technology and increasing capacity to 0.6Mta. The c...
Vietnam: Song Lam project 'facing financial difficulties'
The Vissai Cement Group, which is building the 12,000tpd Song Lam Cement Plant, has announced that ground clearance has already reached about VND240bn (US$11m). As a result, ...
Volyn Cement reelects Zelano as Supervisory Board Chairman, Ukraine
Volyn Cement has reelected Paolo Zelano to chair its supervisory board for three years, the company said in a press release. In addition, the shareholders replaced supervisory...
ACC quarterly profit down 45% on subdued demand, India
Indian cement major ACC Ltd reported a 45.1 per cent drop in consolidated net profit for the second quarter of the calendar year to INR133.5 crore on the back of challenging ma...
Monthly construction output up by 0.3% in euro area
In May 2015, seasonally-adjusted production in the construction sector rose by 0.3 per cent in the euro area (EA19) and fell by 0.3 per cent in the EU 28, according to the firs...
Ecuador first-half sales reach 2.88Mt
Ecuador cement sales reached 2.88Mt in the first six months of this year, the Institute of Cement and Concrete (INECYC) has reported. In June 2015, dispatches reached 488,777t...
Three firms reportedly submit bids for LH eastern India assets
Three contenders have submitted binding bids to acquire LafargeHolcim's (LH) Indian cement assets in Jharkhand and Chhattisgarh, according to local press reports. CRH Plc., H...
QNCC net profit edges ahead, Qatar
Qatar National Cement Co's (QNCC) net profit rose by 1.97 per cent to QAR242.6m (US$66.6m) for the first half of this year compared to QAR237.9m in the comparative period of 20...
Shiva Cement first quarter dispatches up 16% YoY
India-based Shiva Cement's dispatches of cement and clinker during the first quarter of FY15-16 rose by 16 per cent YoY, the company said in a statement to the Bombay Stock Exc...
LafargeHolcim buys out 50% interest in Lafarge Tarmac as part of divestment process
As part of the preliminary steps to implement the disposals required by the European Commission for its approval of the merger to create LafargeHolcim and as previously announc...
Spanish consumption rises 8.6% in 1H15
Cement consumption in Spain reached 5.6Mt in the first half of 2015, reflecting an 8.6 per cent increase YoY, according to the latest data from cement association Oficemen. In ...
Holcim France to be renamed Orsima under CRH
As of 1 August 2015, the former French subsidiary of Holcim, now owned by CRH, will be renamed Orsima. With the acquisition of Holcim France, resulting from the merger betwee...
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