Peru cement market contracts 7% in April 2015
Peru’s cement deliveries fell 7.1 per cent YoY to 800,000t in April 2015 due to lower government spending and climate factors, according to Asocem, the Peruvian cement associat...
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TCL restructures debt, names new CEO
Trinidad Cement Ltd (TCL) has repaid all its previous lenders, company chairman, Wilfred Espinet, announced alongside Nigel Edwards and new chief executive, Jose Luis Seijo. ...
CRH confirms watchdog search at Platin works
CRH has confirmed its Platin works in Ireland, owned by its subsidiary Irish Cement, has been searched by the Competition and Consumer Protection Commission. “Irish Cement ful...
Cemex to double capacity at Luzon cement plant, Philippines
Cemex announced yesterday that it is undertaking a new US$300m investment in the Philippines involving the construction of a new 1.5Mta line at is Solid Plant in Luzon. The inv...
Eagle Materials helped by addition of oil & gas
Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March advanced by 18.1 per cent to US$1192.6m...
KHD's first-quarter revenue down, order intake increases
KHD Humboldt Wedag reported a 15.4 per cent decline in revenue for 1Q15 to EUR50.7m compared to the first quarter of the previous year, while the order intake increased but was...
Aboitiz plans to buy Lafarge Philippines assets
Philippine conglomerate Aboitiz Equity Ventures Inc said on Friday it had signed an agreement for a possible acquisition of Lafarge's local cement operations in partnership wit...
Indocement shareholders approve disbursement of almost all 2014 profits as dividends
During an annual shareholders meeting in Jakarta on Wednesday the shareholders of PT Indocement Tunggal Prakarsa approved the company’s proposal to pay dividends of about ID...
Steppe Cement swings to full year loss, Kazakhstan
Steppe Cement has swung to a FY pretax loss of US$8.1m in 2014 from a US$13m profit in the previous year. Revenue totalled US$116.63m in 2014 versus US$127.98m in the year befo...
UK construction industry reports further growth
The latest Construction Trade Survey shows that firms across the construction industry reported an eighth consecutive quarter of growth in activity in the first quarter of 2015...
Protests against Holcim Indonesia's planned lay-offs
The labor union of Holcim Indonesia has demanded that the company hold further discussions on its plan to lay off hundreds of workers, according to a report by the Jakarta Post...
Molins sees net 1Q15 profit up 132%
Spanish cement producer Cementos Molins reported a net profit of EUR15.1m in 1Q15, up 132 per cent YoY from EUR6.5m in 1Q14. Although domestic sales improved by 7.1 per cent,...
Ecuador sees decline in monthly sales
Ecuador cement sales declined fell to 468,432t compared to 504,682t in the month before, latest data from domestic cement association Inecyc reveals. The decline follows a 15.6...
Sabanci Holding posts 54% rise in first-quarter profit, Turkey
Sabanci Holding, whose business units include Turkish cement producers Akcansa and Cimsa, on Monday posted a 54 per cent rise in its first-quarter profit to TRL648.5m (US$241m)...
Vulcan Materials sees good volume growth in most markets
Vulcan Materials, the largest US aggregates producer, generated a first-quarter turnover 9.9 per cent ahead at US$631.3m and EBITDA declined by 70.6 per cent to US$78.5m. At...
Lafarge-Tarmac in GBP4m JCB deal, UK
Lafarge Tarmac (UK) has bought 60 new JCB 2CX Streetmaster backhoe loaders in a deal worth GBP4m (EUR5.5m). The order marks a 25-year partnership between Lafarge Tarmac and JCB...
Putney Capital Management announces acquisition in partnership with Argos
Putney Capital Management LLC announced the acquisition of one of the main terminals for the reception, storage and distribution of cement in Puerto Rico. This strategic inves...
Shandong Shanshui Cement to issue CNY900m 366-day bills
Shandong Shanshui Cement Group Ltd, the subsidiary of China Shanshui Cement Group Ltd, has announced that it will issue CNY900m 9US$145.1m) unsecured short term bills with a ma...
FLSmidth expects pick-up in cement order intake in 2015
FLSmidth reported a 39 per cent decline in cement order intake for the first quarter of 2015 but, based on the current order tender activity, the group still expects the divisi...
Fitch downgrades Cimento Tupi's Ratings
Fitch has downgraded its rating for Cimento Tupi to ‘C’ following the Brazilian cement company’s announcement that it will miss its US$9m interest payment on its US$185m of sen...
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