Cemex improves first-quarter trading profit
Cemex' first-quarter turnover declined by 5.3 per cent to US$3399.87m, but EBITDA did improve by 6.3 per cent to US$568.54m. Helped by a 12.7 per cent reduction in the deprecia...
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Cemex Latin American Holdings held back by weaker cement sales in Colombia
Cemex Latin American Holdings' turnover declined by 16.3 per cent in first quarter of the year to US$353.8m and EBITDA fell by 20.3 per cent to US$112.4m. At the trading level ...
Lucky Cement posts double-digit rise in 9M net profit, Pakistan
Lucky Cement recorded net profit for the nine months ending 31 March 2015 of PKR9.30bn (US$91.5m), up 13.7 per cent YoY. The company's gross profit increased by 7.2 per cent...
Construction output down by 1.8% in euro area
Seasonally-adjusted production in the construction sector fell in February 2015 fell by 1.8 per cent in the euro area (EA19) and by 1.2 per cent in the EU28 compared with Janua...
Bestway acquires Lafarge Pakistan unit
Bestway Cement Ltd, a subsidiary of Bestway Group, has taken management control of Lafarge Cement's plant located near Kallar Kahar, Pakistan. To mark the acquisition, ...
Jaiprakash Associates to seek shareholders' approval for divestments to UltraTech
Jaiprakash Associates Ltd will next month seek approval from its shareholders and creditors for the proposed sale of its cement units to UltraTech Cement. "Pursuant to an o...
Cementir full-year expectations in line with 2014
Italian cement major Cementir has confirmed the expectations for a 2015 in line with 2014, chairman and CEO, Francesco Caltagirone Jr, said at the end of the shareholders' meet...
Cemex first company in UK to trial new Mercedes-Benz Econic tipper
Cemex is the first company in the UK to operate and trial the new Econic tipper, designed by Mercedes-Benz to provide the driver with an unrivalled field of vision. ”It’s clea...
Italcementi Group to acquire two Holcim facilities in the US
Essroc, the North American subsidiary of Italcementi group company Ciments Français, has signed an agreement with Holcim to purchase the slag cement grinding facility in Camden...
Pakistan export volumes and revenues down over first nine months
Pakistan cement exports in the first nine months of the current fiscal fell 6.75 per cent YoY to 6Mt. Export revenues, meanwhile, were down by 6.86 per cent to US$349.04m over ...
Canada cement industry applauds impact of Federal budget
The Cement Association of Canada (CAC) has applauded the release of Budget 2015. Released on 21 April 2015 by the Minister of Finance, the Budget indicates that several billion...
TPCC to have own gas plant, Tanzania
Tanzania Portland Cement Company Limited (TPCC) plans to have gas plant are expected to be realised this year to reduce operational costs and overcome issues with erratic power...
Ha Tien 1 Cement net profit surges, Vietnam
Ha Tien 1 Cement JSC (HT1) said its net profit jumped to VND250.36bn (US$11.64m) in the first quarter of this year, from VND2bn in the same period of 2014, thanks to an increas...
PPC to ease expansion, focus on existing projects
PPC said it will expand more slowly after spending on its 'Rest of Africa' projects has raised its debt load, the company's chief executive said on Wednesday. PPC is building ...
AFCM 2015 opens in Hanoi, Vietnam
The AFCM 24th Technical Symposium has officially opened at the JW Marriott Hotel, Hanoi, Vietnam, before an audience of 400 international cement delegates, including manufactu...
ISS backs LafargeHolcim deal
US shareholder adviser ISS has recommended that Holcim investors back the Swiss cement maker's proposed merger with Lafarge ahead of next month's shareholder vote on the tie-up...
Ciments de Bizerte registers 20% drop in 1Q15 turnover
Tunisia’s Ciments de Bizerte saw its turnover fall by 19.6 per cent YoY in 1Q15 to TND11.115m. In Tunisia, the figure fell by 11.5 per cent as domestic demand fell by 9.7 per c...
Century Textiles to reportedly spin off cement unit
Century Textiles, owned by Birla patriarch Basant Kumar Birla, will spin off its cement business and merge it in an all-share deal with UltraTech Cement, owned by grandson Kuma...
Ethiopia: government drafts development strategy
Ethiopia’s Ministry of Industry is drafting a national cement industry development strategy that will enable it to overcome challenges and assist fast growth of the industry. ...
Clinker, cement account for 42% of Vietnam's 1Q exports to Bangladesh
Clinker and cement remained Vietnam’s major exports to Bangladesh in the first quarter of this year with export revenue of US$70.1m despite a decline of 33.6 per cent from the ...
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