Oyak Cement Group nine-month net profit surges
Oyak Cement Group said its net profit rose by 84 per cent YoY to TRL335.6m (US$150.1m) in the first nine months of 2014. The group, which includes listed companies Adana Cim...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Philippines: Ang considers Lafarge Republic assets
Businessman Ramon S Ang, president of San Miguel Corp and chairman of Eagle Cement Corp, says he is "seriously" looking at the local cement assets Lafarge Republic Inc is plann...
Lafarge Africa appoints two directors
Lafarge Africa Plc has appointed Adepeju Adebajo and Anders Kristiansson to the board of the company, as disclosed in a statement issued by the company to the Nigerian bourse. ...
Clinker sales boost Northern Region 3Q profit
Saudi Arabian cement maker Northern Region Cement Co reported on a 2.6 per cent YoY increase in its third-quarter net profit to SAR51.35m (US$ 13.69m), fuelled by higher clinke...
Kenya: National Cement to build 15MW power plant
Kenya’s National Cement, part of the Devki Group, plans to build a KES1.7bn (US$19m) coal-fired power plant to serve its clinker plant and limestone mining operation in Kajiado...
Egyptian Tourah Portland Cement net loss widens
Tourah Portland Cement Co more than doubled its third-quarter net loss to EGP35.38m (USD 4.95m) from EGP 14.69m in the same period of last year. The pre-tax loss stood at EGP3...
Holcim increases shipments in the USA, Africa and Asia
Holcim’s turnover for the first nine months declined by 4.7 per cent to CHF14,243m, while in euro terms the reduction was 3.6 per cent to €12,136m and in US dollar terms the de...
Taiwan Cement Corp subsidiary in Chinese acquisition
Taiwan Cement Corp announce that it plans to spend CNY676m (US$1117m) to acquire Sichuan Railway Group Cement via a subsidiary as part of its plans to increase its presence in ...
HeidelbergCement won't bid for Lafarge and Holcim assets
HeidelbergCement has said it will not bid for any of the assets up for sale by rivals Lafarge and Holcim as part of their planned merger. “After a thorough analysis, Heidelber...
Vietnam's October sales slip
Vietnam’s cement sales are estimated to have fallen by three per cent YoY during October to 5.37Mt, latest data from the country's Ministry of Construction shows. Of the total...
PPC calls shareholder meeting to consider board overhaul
South Africa's leading cement producer, PPC, said on Friday that it would convene a meeting of shareholders next month "to consider the removal of the entire existing board" af...
Moody's says WCC's profit warning is credit negative
Moody's Investors Service says West China Cement Ltd's (WCC) profit warning for 2014 is credit negative. On 29 October 2014, WCC announced that its consolidated net profit fo...
PT Holcim Indonesia secures loans from Bank Sumitomo
PT Holcim Indonesia Tbk said it secured loans worth IDR1trn (US$82.54m) from PT Bank Sumitomo Mitsui Indonesia, to refinance loans to its holding, Holderfin BV The Netherlands,...
Ashaka Cement appoints new CFO, Nigeria
Ashaka Cement Plc announced Bruno Bayet as new Chief Finance Officer (CFO) of the company. In a statement to the Nigerian Stock Exchange (NSE), the Nigeria-based cement prod...
Coal prices expected to firm up in 2016
Coal prices are expected to remain subdued into 2015 as supply outpaces demand. Soft demand in China combines with strong mine ramp-ups around the world, which force additional...
Better price realisations boost ACC and Ambuja’s third-quarter revenues
Holcim’s Indian subsidiaries ACC and Ambuja Cements both reported higher revenues for the 3Q14, on the back of a recovery in prices, but sales volumes remained a concern. ACC...
Semen Indonesia 9M14 profit up 4.9%
Semen Indonesia, the country's leading cement producer, recorded a net profit of IDR4.09trn (US$336.3m) in the first nine months of this year, a 4.9 per cent increase from the ...
Egypt: Suez Cement reports 18.3% rise in 3Q14 EBITDA
Suez Cement Group of Companies (SCGC) reported a 48.2 per cent increase in revenues for the third quarter of this year. EBITDA during the three-month period rose by 18.3 per ce...
Cimerwa expansion on-track for 1Q15 completion
Rwanda’s sole cement producer, Cimerwa, is nearing completion of its expansion project and is on track to be ready in the first quarter of next year. Busi Legodi, chief execut...
SCCC results hurt by weaker domestic demand, higher SG&A expenses
Siam City Cement (SCCC), Thailand’s second-largest cement producer, posted a 3Q14 net profit of THB1.06bn (US$33m), down 13 per cent YoY and 29 per cent QoQ hurt in part by wea...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
