Turkey: Cimsa acquires local cement producer
Sabanci group company Cimsa has acquired fellow Turkish producer Sancim Bilecik Cimento in a deal reportedly worth US$220.7m. The company signed the contract allowing it to pu...
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Cemex heading towards strong earnings rebound
Cemex is expected to post a significant rebound in pretax earnings for the full year, driven primarily by the US recovery and an anticipated pick-up in Mexican volumes and pric...
SCG: second-quarter earnings drop expected, outlook upbeat
Siam Cement, Thailand’s largest industrial conglomerate and leading cement producer, is expected to report a 10.5 per cent drop in second-quarter earnings, according to KGI Sec...
Change of Country CEO at Lafarge South Africa
Lafarge South Africa has announced that Kenneth MacLean has been appointed Country CEO, replacing Thierry Legrand who has taken up a new position at the Lafarge’s headquarters ...
Indonesia ranks Vietnam’s top importer over Jan-May 2014
Indonesia accounted for the largest share of Vietnam’s exports over the first five months of this year, according to data from the Vietnamese Ministry of Industry and Trade. ...
Argentina cement sales slip 1.8% YoY
Argentina's cement deliveries fell 2.5 per cent MoM from 919,866t in May and 1.8 per cent YoY from 913,101t in June 2013 to 896,860t, according to the latest data from the coun...
Lucky Cement plans Karachi coal-based power plant
Lucky Cement plans to invest in a coal-based power plant in Karachi, Pakistan, through its subsidiary Lucky Holdings Limited (LHL). The board is recommending to shareholders...
Vicat to take full control of Indian joint venture
Vicat is to take 100 per cent control of Vicat Sagar Cements after agreeing to buy out Sagar Cements from the joint venture company. An agreement has been reached whereby Sag...
Semen Indonesia to build East Java WHR facility
Semen Indonesia is to invest in a IDR638bn (US$54.4m) waste heat power generation facility in East Java as the company looks to reduce costs and move towards more environmental...
Peru: June cement sales advance 0.84%
Cement shipments in Peru in June advanced 1.5 per cent to 807,953t in June 2014 from 795,896t in the same month last year, according to the country's cement producers' associat...
Saudi: Qassim’s 2Q14 net profit slips, sales down 10%
Qassim Cement posted a 1.5 per cent decline in net profit for the second quarter of 2014 to SAR161.1m (US$43m). Sales volumes dropped 10 per cent YoY during the three months ...
Cementos Portland renegotiates debt agreement
Spain's Cementos Portland has renegotiated its EUR1.114bn debt with its bank, according to the FCC subsidiary. It is the company's second refinancing in two years after the las...
SCG prepares to launch flagship products to Indonesian market
Siam Cement Group (SCG) is preparing to introduce its three flagship products to the Indonesian market, a country high on the Thai building materials major's agenda as it looks...
Spanish consumption woes continue
Spain's cement consumption fell two per cent YoY to 967,790t in June, according to the latest data from Oficemen, the country's cement association. The latest set of figures...
Elementia in talks for Lafarge JV stake, Mexico
Elementia SA, the Mexican cement maker backed by Carlos Slim and Antonio del Valle, is in talks to buy out partner Lafarge SA in their Mexican joint venture, Bloomberg reported...
OCL India inaugurates Bengal Cement Works
OCL India Ltd, the flagship associate company of Dalmia Cement Bharat Ltd, announced the commissioning of its cement manufacturing unit at West Midnapore, West Bengal. M...
Improving demand outlook for SCC, Thailand
Despite demand for cement and building materials yet to show signs of recovery in Thailand, consumption is expected to improve, particularly from next year, according to a rece...
Decline in housing starts dent Moroccan demand
The first half of 2014 has seen cement sales in Morocco experience a 4.4 per cent decline to 7.435Mt, latest figures released by the country's cement producers' association, AP...
Saudi Cement posts second-quarter net profit drop
Saudi Cement posted a 6.2 per cent drop in second-quarter net profit on Monday as declining sales impact revenue. The kingdom’s largest listed cement producer by market value ...
Lucky Cement refutes QWP claims, Pakistan
Lucky Cement has countered claims by local political party representatives who allege the insufficient provision of royalties and social sector initiatives to the district in w...
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