China demand nears 'turning point' - UBS
China's cement sector has entered the "new normal" of stagnant demand, according to UBS. "The turning point in China cement demand growth is near, in our view, amid limited p...
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Gulf Cement Company nine-month profit surges
UAE-based Gulf Cement Company registered 62 per cent growth in its net profit to AED73.9m (US$ 20.1m) for the first nine months of 2014, the company said in a statement to Abu ...
HeidelbergCement shows strong growth in Great Britain
HeidelbergCement's turnover improved by 2.7 per cent to €10,127m in the first nine months of the 2014 and the EBITDA was 5.7 per cent ahead at €1794m. At the trading level, the...
Rembang project temporarily halted, Indonesia
Central Java Governor, Ganjar Pranowo, has said that Semen Gresik's cement plant project in Watuputih, Rembang, has been halted to respect the process of a citizen lawsuit at t...
PPC increases stake in Habesha, Ethiopia
PPC has increased its shareholding in Ethiopian producer Habesha Cement Share Company to 51 per cent by acquiring the Industrial Development Corporation's (IDC) 20 per cent sta...
Tajikistan 10-month output rises
Over the first 10 months of this year Tajikistan produced more than 1Mt of cement, an increase of 776,000t compared to the same period of last year, according to the Ministry o...
Odisha state clears three grinding projects, India
The State Level Single Window Clearance Authority (SLSWCA) today approved three new cement grinding units in the eastern state of Odisha. Emami Cement has been given approval ...
Dangote applies to build Tanzania coal-fired plant
Dangote Cement has applied for a licence to build a 75MW coal-fired plant in Tanzania that would power its 3Mta cement plant under construction. "Dangote Industries ... appl...
Lafarge’s nine-month attributable profit falls 25.8 per cent
In the first nine months of the year, Lafarge's turnover, including its share of joint ventures, declined by 1.3 per cent to €11,332m while the EBITDA edged ahead by 0.5 per ce...
Arabian Cement to set up Brazilian joint-venture
Egypt-based Arabian Cement Company, announced it will establish a grinding plant in northwest Brazil as part of a joint-venture agreement with local cement manufacturer Cemento...
Vicat advances in all group markets except France and Italy
Vicat's turnover for the first nine months of the year improved by 6.1 per cent to EUR1847m, which represents an underlying advance of 9.7 per cent. The gearing level was littl...
Pakistan exports continue to fall in first quarter
Pakistan cement exports continued to fall in the first quarter of FY14-15, largely due to declining shipments to its biggest market of Afghanistan. Export volumes in the July...
Cuba looks for foreign investment to build US$400m plant
As part of a wider package of projects requiring some US$8bn of foreign investment, Cuba is looking overseas to finance the construction of a US$400m cement works in Holguín. ...
Tasek Corp suffers 3Q decline
Malaysian cement producer Tasek Corp reported a 7.1 per cent drop in earnings to MYR21.5m (US$6.4m) in the third quarter of 2014 amid stiff competition, according to the compan...
Hope Construction Materials wins MPA’s John Crabbe Award for health and safety
Hope Construction Materials, the UK’s leading independent supplier of construction materials, has won the MPA’s prestigious John Crabbe Award for health and safety in the indus...
Hilal Cement Co net loss widens, Kuwait
Kuwait-based cement producer Hilal Cement Co widened its third-quarter net loss to KWD204,435 (US$704,706) from KWD17,250 during the same period of the year before. The loss wa...
Semen Indonesia seeking IDR1-2trn banking loans
PT Semen Indonesia Tbk is seeking banking loans of IDR1-2trn (US$82.1-164.3m) to finance its 2015 capital expenditure of IDR5trn, said Corporate Secretary Agung Wiharto. (Sourc...
Portugal Semapa profit up 15%
Portugal's conglomerate Semapa, owner of cement maker Secil, posted on Friday a 15 per cent rise in nine-month net profit, helped by lower taxes on some of its overseas operati...
MPA: sales volumes indicate further growth
An acceleration in third-quarter sales compared to the previous quarter indicated continuing growth in construction activity, according to latest figures from the Mineral Produ...
Dangote Cement nine-month pretax profit up 1.5%
Dangote Cement said on Monday its pretax profit for the nine months to September rose 1.5 per cent to NGN154.05bn (US$930.7m), compared with NGN151.72bn in the same period of l...
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