Colombia's cement market expands 11% in September
Cement dispatches in Colombia rose 10.6 per cent YoY in September to 1.086Mt, according to the country’s statistics office, Dane. Grey cement production reached 1.072Mt, regist...
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Peru: Cementos Pacasmayo profits fall 17% in 3Q14
Cementos Pacasmayo reported a YoY drop in net profit of 17 per cent for 3Q14 as cement dispatches fell due to the deceleration in Peru’s economy. In the July-September quart...
CNBM to acquire stake in Shanshui Cement
China National Building Material Co (CNBM) is set to acquire a 20 per cent stake in Shanshui Cement Group for HK$1.56bn (US$201m). Shanshui Cement will sell 563.2M new shares ...
Kohat Cement 1QFY15 net profit up 11% YoY
Pakistan-based producer Kohat Cement posted a net profit of PKR683m (US$6.6m) in the three months to the end of September 2014, up 11 per cent YoY. The company attributed the...
Cemex recognised as employer of the year in the Philippines
Cemex recently won the top recognition by the People Management Association of the Philippines (PMAP) for human resource excellence at its APO Cement Plant in the Philippines. ...
Philippine quarterly cement sales up 11.9% on favourable weather
Philippine cement sales in the third quarter of 2014 rose 11.9 per cent to 5.4Mt from 4.8Mt a year earlier, a preliminary report from the Cement Manufacturers' Association of t...
Kenya: EAPCC swings to full-year loss
East African Portland Cement posted a net loss of KES386m (US$4.32m) for the year ended June 30, due to price competition, high staff costs and the weakening shilling. The Ken...
Leocem warns of Sierra Leon shortages
Leocem Sierra Leone has warned on cement shortages in the west African country as the Ebola epidemic has led to a decline in the number of cargo ships coming to the capital, Fr...
Southern Cement 3Q net profit up 53% YoY, beats esitmates
Southern Cement posted a third-quarter net income of SAR285m (US$76m), rising 53 per cent YoY. The result was above NCB Capital and consensus estimates of SAR200m and SAR196m,...
SCG earmarks new five-year investment budget
Siam Cement Group (SCG) has earmarked THB200-250bn for a new five-year investment budget starting next year, the Bangkok Post reports. Chief executive and president Kan Trakul...
Barnstone cement works celebrates 150th anniversary
The Barnstone cement works, owned by Lafarge Tarmac, recently celebrated its 150th anniversary, with a special celebratory event held at Colwick Hall, UK. Honorary guest was K...
QNCC nine-month net profit ahead
Qatar National Cement Company (QNCC) net profit rose to QAR332m (US$91.2m) in the first nine months of 2014, up 3.1 per cent from the QAR322m posted a year earlier. Earnings p...
3Q14 results: Cemex’ gearing stands at 157%
During the first nine months of the year, Cemex’ turnover increased by 4.6 per cent to US$11,870.9m while the EBITDA was 1.8 per cent higher at US$2037.1m. The trading profit a...
Cementos Portland reports EUR45.3m net loss in 9M14
Spain's Cementos Portland has reported a EUR45.3m net loss in 9M14, a 92.1 per cent increase when compared with the loss noted in 9M13. Turnover fell by 1.6 per cent YoY to ...
Saudi Cement 3Q14 profits better than expected
Saudi Cement posted better than expected 3Q14 financial results, beating consensus estimates, according to Al-Rajhi Capital. The cement producer’s net profit grew marginally to...
PPC Zimbabwe to invest US$86m in extra capacity
PPC Zimbabwe announced a US$86m investment package in Zimbabwe over the next three years as it expects rising cement demand due to infrastructure projects despite a generally s...
Semen Indonesia starts Tuban WHR plant construction
Semen Indonesia has commenced the construction of a 30.6MW power plant at its Tuban cement works to reduce the company’s electricity costs. Using heat from the cement product...
Exports loom: Dangote has 29Mta of production in sight
Alhaji Aliko Dangote, president of Dangote Group of Companies, said the company's cement production will hit 29Mt in Nigeria by December this year, while exports will be the ne...
Egypt: Arabian Cement’s profit decline 32% in 9M14
Egypt's Arabian Cement made a EGP209.57m (US$29.3m) post-tax net profit for the nine months to 30 September, according to the unaudited standalone financial results. The firm ...
Cemex says no bid on Lafarge-Holcim assets
Mexico-based Cemex has announced it will not make an offer for Holcim and Lafarge assets that are available due to the proposed merger of the two cement giants, said Cemex CEO,...
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