Saudi Cement net profit up 6%
Saudi Cement has reported a 5.9 per cent increase in first-quarter net profit on Tuesday as higher exports boosted its earnings. Saudi Arabia's largest cement company by marke...
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Shree Cement enhances capacity by 2Mta, India
Shree Cement Ltd has informed the Bombay Stock Exchange that the company has completed the phase 2 of its new Ras new unit at Bangur city Ras, Pali district, Rajasthan. The pro...
Eurocement seeks Galchev Board seat at LafargeHolcim
Eurocement Holding AG, the second-biggest shareholder in Holcim Ltd, said Wednesday it is nominating its owner, Filaret Galchev, for a position on the Board of the company th...
Lafarge Republic inaugurates new mill at Teresa works, Philippines
Lafarge Republic Incorporated (LRI) inaugurated a new cement mill in its Teresa plant, Rizal, the Philippines, on Wednesday. The new Fives FCB Horomill has a cement capacity o...
Spain: Cementos Portland reports EUR29.5m loss
FCC-owned Cementos Portland closed the first quarter of 2015 with a EUR29.5m loss, representing a 21.2 per cent higher figure when compared with 1Q14. The cement company attr...
K-Electric to supply 40MW of electricity to new DG Khan cement plant, Pakistan
K-Electric (KE) and DG Cement Ltd have signed an agreement through which the power utility will provide 40MW of electricity to the cement producer's upcoming plant in Hub, Bal...
Hoang Phat Vissai Group acquires control of Song Lam 2 Cement
Hoang Phat Vissai Group has acquired Song Lam 2 Cement JSC in Vietnam's central province of Nghe An from state-owned PetroVietnamCement 12/9 JSC. The group will invest VND500...
Oman Cement 1Q net profit up 3.7%
Oman Cement reported a 3.7 per cent rise in first-quarter net profit on Wednesday, beating analyst forecasts. The company made a net profit of OMR3.83m (US$9.95m) in three mon...
Ha Tien 1 Cement targets US$17.07m pretax profit
Ha Tien 1 Cement JSC (HT1), the largest cement maker in Vietnam by market capitalisation, targets a pretax profit of VND367bn (US$17.07m) this year, down 7.32 per cent YoY. Its...
ACC quarterly volumes lower on weaker demand
ACC reported a decline in sales volumes for the January-March 2015 period due to weaker cement demand from the infrastructure and the general construction sectors, India’s seco...
Fitch affirms Holcim at 'BBB'; Outlook Stable
Fitch Ratings has affirmed Holcim Ltd's (Holcim) Long-term and Short-term Issuer Default Ratings (IDR) at 'BBB' and 'F2', respectively. The Outlook is Stable. "The affirmati...
US January shipments up 12% YoY
Portland and blended cement in the US and Puerto Rico in January 2015 increased by about 12 per cent YoY to 5.4Mt, latest data from the US Geological Survey confirms. The le...
SPC upbeat on outlook for Polish cement sales
Polish cement producers sold nearly 2.7Mt of cement in the first quarter of this year, up 3.4 per cent YoY, with further growth anticipated in 2015 and beyond. "We expect tha...
Kazakhstan: Steppe Cement 1Q volumes down
In the first quarter of 2015, Kazakhstan-based producer Steppe Cement reported a three per cent decline in sales volumes to 192,884t from 198,607t a year earlier. The company...
Spanish watchdog includes Lafarge and Holcim in cartel proceedings
Spanish competition regulator CNMC has included Lafarge and Holcim in the proceedings for alleged cartel agreements brought up against a number of sector players at the end of ...
Shandong Shanshui Cement issues 210 day bills
Shandong Shanshui Cement Group Ltd, a subsidiary of China Shanshui Cement Group Ltd, announced that it issued CNY2bn (US$321.8m) unsecured super short-term bills with a maturit...
Hope launch search for new recruits to join their Apprenticeship Academy
Hope Construction Materials is once again on the lookout for top young talent to join its business in Derbyshire, Yorkshire and the northeast UK. The firm’s Apprenticeship Ac...
Future Board of Directors of LafargeHolcim nominated
Holcim and Lafarge have nominated their candidates for the future Board of Directors of the combined merged company, subject to closing of the transaction. The designated B...
PCA forecasts growth trend to continue, imports to increase rapidly
US cement consumption will continue its growth trend in 2015, with cement and clinker imports forecast to grow rapidly in 2017 and beyond, according to the Portland Cement Asso...
Savanna Diamond Cement launches new Ghana plant
Savanna Diamond Cement Co Ltd (SDCL) launched operations of its 0.44Mta cement factory in Buipe, in the northern region of Ghana. The new US$90m project was officially inaugura...
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