Northern Cement Jordan to install new line
Saudi Arabia's Northern Cement Co said Thursday that Jordan-based Northern Cement-Jordan, in which it holds 99.35 per cent, has decided to install an additional clinker product...
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Listed Saudi firms see 3.8% increase in 2014 sales
Sales of the listed cement firms in Saudi Arabia grew by 3.8 per cent to hit SAR13.5bn (US$3.6bn) in 2014 compared to SAR13bn in 2013, according to a report published by Al-Hay...
Russian demand expected to fall 15% YoY
Russian cement demand is expected to decline by 15 per cent this year on the back of a reduction in housing and infrastructure development, according to forecasts by CMPRO. A ...
Ecuador: Holcim inaugurates modernised Guayaquil works
Holcim recently opened Phase II of its Guayaquil, Ecuador, cement works modernisation. The second phase of the Guayaquil modernisation includes the addition of a new raw verti...
Indonesian demand forecasts
Indonesian cement market growth could reach 10 per cent this year driven largely by government infrastructure projects, according to forecasts by the country’s Ministry of Indu...
Adelaide Brighton reports record net profit
Adelaide Brighton reported record sales and net profit after tax of AUD1337.8m and AUD172.7m, respectively, for the year ended 31 December 2014. Revenue increased 8.9 per cen...
Colombia dispatches up 14.5% in January
The Colombian cement market expanded by 14.5 per cent YoY in January 2015 as the country’s cement producer dispatched 927,800t of cement, according to the latest figures by nat...
PIBTL board approves terminal capacity expansion, Pakistan
The board of directors of Pakistan International Bulk Terminal Ltd (PIBTL) on Wednesday approved the expansion of overall handling capacity at the terminal from 12Mta to 16Mta....
Suez Cement Group sees 4Q gains
With improved market conditions, Suez Cement Group of Companies (SCGC) of Egypt saw a 2.5 per cent increase in fourth-quarter revenues to EGP1.539m and progress in EBITDA which...
Spain: Portland Valderrivas reduces full-year loss
Cementos Portland Valderrivas reported a EUR52.3m loss in 2014, around 27.3 per cent less than the previous year. The company attributed the improved result to the recovery o...
FECTO reports first-half loss, Pakistan
Pakistan-based cement producer FECTO Cement reported a 10.22 per cent drop in profit for the first six months of the current fiscal to PKR284.6m (US$2.8m). In a communication ...
CRH earnings up 11%
CRH’s turnover increased by 4.9 per cent in 2014 to EUR18,912m while the EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments...
Cementos Argos’ net profit surges 59%
Colombia’s leading cement producer, Cementos Argos, said net profit jumped 58.8 per cent YoY in 2014, closing the year with record figures. Profit was up to COP291bn (US$145m...
Caribbean Cement Co returns to pretax profit
Caribbean Cement Company Ltd (CCCL) posted a pretax profits of $255m compared to a loss of $3m the previous year. The company said its performance was assisted by a new record...
Bolivia increases cement supply
As the Bolivian cement market surged 24 per cent YoY in 2H14, the domestic cement industry was able to increase output by 15 per cent. However, much has changed as the sector i...
Holcim Philippines income and revenues rise 13% YoY
Holcim Philippines posted another record performance last year with a double-digit rise in sales on the back of strong and private infrastructure spending. The company said t...
Kuwait: Hilal Cement books full-year net loss
Kuwaiti cement producer Hilal Cement booked a net loss of KWD374,000 (US$1.3m) in 2014, versus a net profit of KWD518,500 a year earlier, the company said in a bourse statement...
Egypt: ACC secures loan to part-finance expansion
Arabian Cement Company (ACC) said it signed Wednesday an agreement with Saudi British Bank for a SAR400m (US$106.6m) Islamic financing. The loan is to be repaid over a period ...
TCL reports full-year loss
Trinidad Cement Ltd recorded a loss of TTD211m for last year, as the company wrote down the value of its investment in Arawak Cement Company (Barbados) by TTD153m and in deferr...
Dalmia Bharat increases stake in OCL India
Dalmia Bharat has increased its stake in OCL India, one of the largest cement entities in eastern India with plants in Orissa and West Bengal. “The company’s subsidiary Compan...
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