LH: potential merger of Indian operations on the cards?
Lafarge and Holcim may bring together their local Indian interests as part of the merger process between the two global cement majors, according to local press. The Economic T...
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Egypt: Qena Cement sees 15.3% rise in net profit
Qena Cement posted a 15.28 per cent rise in 2014 net profit, according a stock exchange filing on Thursday. Full-year profit came it at EGP312.91m (US$41m), up from EGP271.436m...
India: Malabar Cements to resume Cherthala operations
Malabar Cements Limited (MCL) will resume operations at its Cherthala unit in the Indian state of Kerala, by the end of this month, having secured uninterrupted clinker supplie...
US December shipments – preliminary data
Portland and blended cement shipments in December 2014 reached 6.24Mt, preliminary data from the US Geological Survey (USGS) shows. This takes full-year shipments to 88.53Mt, a...
Cement Association of Canada welcomes BC government action on Carbon Tax
The Cement Association of Canada (CAC) welcomes the British Columbia (BC) government's efforts to improve the province's carbon tax. The BC Carbon Tax is applied only to domest...
EAC producers call for review and uniformity of standards
Regional producers in the East African Community are calling for cement and limestone standards to be reviewed and harmonised in accordance with international best practices. ...
Eurozone construction output down 0.8% in December
Construction output in the eurozone contracted in December, led by falls in Germany and Spain, according to the Eurostat, the European Union's statistical office. Production ...
Ghana: calls for end to bagged imports
The Strategy and Corporate Affairs Director of GHACEM, Dr George Dawson-Ahmoah, has called on the country’s government to ban imports of bagged cement into the country, stressi...
CRH announces non-executive board appointment
CRH announced the co-option to the Board, with effect from 1 March 2015, of Ms. Lucinda Riches as a non-executive Director. Ms Riches (53), a British citizen, is a non-executi...
Lafarge's final full year turnover and EBITDA in decline
Lafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of assoc...
Malaysia: Tasek Corp full-year profit ahead
Tasek Corporation Bhd's net profit rose 11.86 per cent to MYR105.4m (US$29.1m) compared to MYR93.90m a year earlier despite heightened competition. Revenue rose to MYR656.06m c...
Cuba introduces low-carbon cement in Guantánamo
The production of domestically-developed low-carbon cement has started in the Cuban province of Guantánamo. The new type of cement blends PP350 Portland cement with activated c...
Fauji Cement first half profit rises by a third
Pakistan producer Fauji Cement reported a 33 per cent rise in first-half profit of PKR1.67bn (US$16.4m) compared to PKR1.25bn a year earlier. Earnings surged 77 per cent QoQ t...
Mexico: LH merger green light
Mexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH). Lafarge is a market player in Mexico through an...
Kenya: Pokot's power plant plans
Pokot Cement plans to construct a power plant to supply its upcoming cement works in Kenya as well as the national grid. Of the 64MW capacity, 50MW will be sold to the nationa...
PCA: as oil prices fall, cost of asphalt is on the rise
Despite falling oil prices, the cost of paving with asphalt continues to rise across the US. A recent analysis from the Portland Cement Association (PCA) shows that asphalt pri...
Holcim Obourg reduces job losses
The management of Holcim’s Obourg plant in Belgium and the unions have signed an agreement regarding the restructuring of the works. The majority of the 38 staff that will be...
Peru cement dispatches down 1.7% but 2015 forecast up
Peru’s cement dispatches fell 1.7 per cent in January due to an unfavourable construction climate and the change of local and regional governments, according to the country’s c...
Oman Cement 2014 profit declines on weaker sales, clinker imports
Oman Cement reported a 12.8 per cent decline in net profit on account of weaker sales, lower clinker production and higher volumes of imported clinker, the company said on Mond...
Eastern Province Cement names new chairman, deputy chairman
Saudi-based producer Eastern Province Cement Co (EPC) approved at a meeting on Sunday the appointment of Turki bin Fahd as board chairman. The company also named Abdul Mohsen ...
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