Cherat Cement to increase capacity, Pakistan
Cherat Cement plans to invest PKR12bn (US$121.5m) in expanding capacity at its Pakhtunkhwa works, according to a company official. The company will be investing in a new 1.3M...
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Molins and Votorantim to control Bolivia's Itacamba
Cementos Molins of Spain plans the acquisition of a majority stake in Bolivia's Cementos Itacamba. The purchase is expected to take place via Spain-based Yacuces, a joint ventu...
Moody's upgrades Italcementi outlook
Moody's has confirmed Italcementi's Ba3 rating and upgraded the company's outlook from 'stable' to 'positive' following the successful conclusion of the Italian cement major's ...
Cementos Yura invests PEN140m in 2014 to date
Cementos Yura of Peru has invested PEN140m (US$50m) in new equipment in the year to date, mainly as a result of the construction of its new cement grinding unit. Grupo Gloria's...
Argos plans innovation centre, Colombia
Cementos Argos is planning to develop an innovation centre in Colombia, covering an area of 4807m2, at a cost of COP23.70bn (US$12.73m). The centre will be carried out in par...
Asia Cement completes Sichuan Lanfeng acquisition, China
Asia Cement (China) Holdings has completed the acquisition of a 100 per cent holding in Sichuan Lanfeng Cement at a consideration of CNY968m (US$156.7m) on Wednesday. Sichuan ...
Lafarge Africa first-half profit rises 29% YoY
Lafarge Africa said its first-half profit rose 29 per cent to NGN17.75bn (US$109.61m), compared with NGN13.80bn in the same period of last year. Gross earnings rose to NGN55.3...
Italcementi suffers from jump in financing costs
Italcementi's first-half turnover declined by six per cent to EUR2048.4m, but the running EBITDA did improve by 2.2 per cent to EUR304.8m. Helped by a 6.2 per cent reduction...
Buzzi Unicem and Wietersdorfer deal completed
Buzzi Unicem has completed a strategic agreement with Wietersdorfer initially announced in February this year. Under the terms of the deal, Buzzi Unicem is receiving EUR22m fr...
Vietnam cement production rises 6.5%
Vietnam produced 4.9Mt of cement in July, up 6.5 per cent from both June 2014 and from the year-ago period, the government’s General Statistics Office (GSO) said. In the firs...
HeidelbergCement plans to start sale of building materials business in September
HeidelbergCement plans to start the process to divest in its building materials unit in September and expects a quick conclusion of the sale, Reuters reported CEO, Bernd Scheif...
Holiday slowdown affects Pakistan & Bangladesh
Imports and exports of cement and raw materials through some of Pakistan and Bangladesh’s key ports have been disrupted since 25 July 2014 due to the Eid ul-Fitr festival and s...
SGC second-quarter declines on weaker demand
Siam Cement Group (SCG) reported a 14 per cent decline in second-quarter net profit due in part to weaker domestic cement demand as months of political unrest have delayed spen...
EC extends deadline for Cemex decision
The European Commission has extended the deadline for its decision on whether to clear or block the deal from 5 September to 12 September 2014. A source told Reuters e...
Holcim's turnover brought lower by exchange rates
Holcim's cement deliveries improved by two per cent to 70Mt in the first six months, and the underlying advance was 2.8 per cent. Sales of other mineral components recovered by...
HeidelbergCement improves net profit by 53.5%
HeidelbergCement's first half turnover increased by 2.1 per cent to EUR6318m and the EBITDA improved by 2.1 per cent to EUR927.6m while the trading profit advanced by 8.9 per c...
Cementir's growth impeded by the strong euro
Cementir's turnover emerged just 0.1 per cent ahead at EUR472.8m in first half of the year, as the improvement in Denmark and Norway was offset by currency weakness and the con...
Molins more than doubles first-half profit
Cementos Molins recorded a profit of EUR17.9m in the first half of 2014, effectively more than doubling its 1H13 figure, on the back of its international business, said the com...
Martin Marietta's net profit trebles
Martin Marietta Materials, the fourth-largest US aggregates producer, has announced a first-half turnover 161.9 per cent ahead at US$1097.8m and the EBITDA improved by 23.8 per...
Hanson plans Padeswood expansion, UK
Hanson Cement has submitted plans for expansion of its packaging facilities at its Padeswood cement works in north Wales, UK. Just two years ago, the plant faced the threat o...
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