Malaysia: YTL profit increases 40.5% YoY
Malaysian construction conglomerate YTL Corp Bhd saw its profit increased 40.5 per cent to MYR1.93bn (US$601.7m) for the nine months ended 31 March 2014 compared to the same pe...
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Akmenes profit falls by a third, Lithuania
Akmenes Cementas, Lithuania’s only cement manufacturer, last year saw its audited net profit fall by 36.3 per cent to LTL11.676m (EUR 3.38m), from LTL18.329m in 2012. Annual ...
AfriSam launches Supplier Development Centre
AfriSam recently successfully opened its Supplier Development Centre in support of the company’s Enterprise Development Programme which has been implemented as part of a transf...
Eurocement inks US$500m Chinese supply deal
Russian cement major Eurocement Group has signed a package of contracts with Chinese companies for equipment supply, engineering, installation supervision and employee training...
Holcim sees better performance in Morocco
Holcim Morocco improved its business results in 2013 despite the difficult economic context. By lowering its production costs and optimising its support functions, the company ...
Peru records stable 4M14 cement deliveries
Peru’s domestic cement dispatches reached 3,279,640t between January and April 2014, edging up 0.1 per cent YoY, according to the country’s cement association, Asocem. Cemen...
Cementos Molins posts 1Q14 net profit of EUR6.5m
Spain-based Cementos Molins released its first-quarter 2014 results, showing a net consolidated profit of EUR6.5m, up 37 per cent when compared to 1Q13. The group’s domestic ...
Vietnam exports rise 41% YoY
Vietnam exported 8.38Mt of cement and clinker worth US$355m in the first four months of this year, up 41 and 43 per cent in terms of volume and value, respectively, the General...
Chile: Cemento Polpaico to invest in solar power project
Cemento Polpaico plans to invest US$42m in a 20MW solar power project, to be installed next to its plant in Tiltil municipality, Chile. The park will help diversify Chile's e...
Hope Construction Materials launches Apprenticeship Academy
Britain’s leading independent construction materials company, Hope Construction Materials is on the lookout for new talent to join its GBP300m (EUR369m) business in the Derbysh...
Orient inks project finance for greenfield plant
Khaitan & Co has advised Orient Cement on loan facilities worth US$200m from a syndicate of lenders led by State Bank of India. The loan is to finance the development of a 3M...
Chettinad purchases shares in Anjani Portland
Chettinad Cement Corporation Ltd has purchased approximately 20.58% of shares of Anjani Portland Cement Ltd from shareholders. Chettinad Cement has reportedly acquired 3784.0...
6th Brazilian Cement Congress underway
The long-awaited 6th Brazilian Cement Conference (CBC) officially opened its doors on Monday, 19 May 2014 to over 300 industry professionals in the vibrant city of Sao Paulo, B...
PPC: first-half cement sales edge higher
PPC announced its group cement sales were two per cent higher for the first half of the year to the end of March 2014. Improvements in export sales and the consolidation of sal...
Italcementi sets Ciments Francais bid price
Italcementi said on Tuesday it had fixed the price in a takeover bid for the shares in its French unit Ciments Francais that it does not yet own at EUR79.5/share. The takeover...
Lafarge inaugurates 2Mta Russian plant
Lafarge has officially opened its 2Mta Kaluga cement plant in Russia with a ceremony attended by First Deputy Prime Minister, Igor Shuvalov. Located in Ferzikovo village, it i...
Moctezuma to double Apazapan capacity
Cementos Moctezuma announced investments of US$200m to double capacity of its Apazapan works in Veracruz, Mexico. The Apazapan plant came on-stream at the end of 2010 with a c...
Venezuela: Cemento Andino dispatches 1.1m bags of cement in April
Venezuela’s Cemento Andino dispatched 1,138,326 bags of cement in April. Cemento Andino operates a cement works in Las Llanadas, Candelaria in Trujillo state and distributes ...
Lafarge denies claims of market dominance, Kenya
Lafarge has denied claims by Kenya’s antitrust authority that the cement producer may be flouting domestic competition rules and said it wants to work with the government to bo...
Iran monthly production update
Iran produced 4.501Mt of cement in the first calendar month of the current Iranian calendar year (21 March 2014 - 20 April 2015), according to its Ministry of Industry, Mines a...
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