Heidelberg 125th anniversary of stock exchange listing
Left: Dr. Bernd Scheifele, Chairman of the Managing Board, HeidelbergCement AG right: Hauke Stars, member of the Managing Board, Deutsche Börse AG Source: Heidelb...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cemex LatAm Holdings sees growing cement shipments in Colombia
Cemex Latin American Holdings' turnover increased by 10.3 per cent in first quarter of the year to US$422.8m, but the EBITDA was just 0.2 per cent ahead at US$141m. The increas...
Asia Cement (China) earnings surge
Asia Cement (China) said its profit attributable to owners for the first three months of 2014 was 13.73 times higher YoY at CNY127.7m (US$20.4m). Revenue rose to CNY1.6bn, an i...
OCC quarterly profit affected by lower output
Oman Cement Co (OCC) reported a 47 per cent decline in net profit to OMR3.70m (US$9.61m) for the first three months of the year as a planned kiln shut down for expansion works ...
Peru: Pacasmayo 1Q net income down
Peruvian producer Cementos Pacasmayo reported a drop in net income of 11.8 per cent YoY to PEN39.8m (US$14.1m) in the first quarter of 2014. EBITDA came in at PEN80.7m compared...
Philippine sales climb in first three months
Sales of local cement manufacturers grew by 8.6 per cent to 5.2Mt in the first three months of the year, on the back of continued growth in the construction and real estate ind...
Shree first quarter net profit down 19% YoY, India
India-based producer Shree Cement reported a 19 per cent dip in net profit for the January-March quarter despite higher sales. The company, which has over 13Mta of capacity, ...
Sinoma International awarded Algerian project
Sinoma International Engineering Co Ltd says its unit has been awarded the construction project for a new cement line worth EUR192.7m with Algeria's SPA CILAS. (Source: Reuters)
Russia’s cement industry gathers in St Petersburg
Cement producers from Russia, CIS countries and Eastern Europe have gathered in St Petersburg, Russia, for the 8th Petrocem international cement conference and exhibition. Add...
Vicat improves cement shipments by more than 12%
Vicat's first quarter turnover increased by 9.2 per cent to €536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to...
Lafarge Wapco first-quarter pretax profit up 20%
Lafarge Wapco said on Monday its first-quarter pretax profit rose to NGN8.62bn (US$54m), up 20 per cent from NGN7.20bn in the same period of last year. Turnover at the Nigeria...
Full-year Iranian exports reach 18Mt
Iran exported around 18Mt of cement in the Iranian calendar year that ended on 20 March 2014, IRNA cited a report published by the Iranian Ministry of Industry, Mines and Trade...
Vietnam April output estimated to have increased 12.65% YoY
Vietnam is estimated to have produce 6Mt of cement in April, up seven per cent from March and 12.65 per cent from a year ago, the government’s General Statistics Office (GSO) s...
Mykolaivcement posts 2013 loss, Ukraine
CRH group company Mykolaivcement reported a loss of UAH63.234m (EUR4m) for 2013, with net revenue down by 10 per cent, or UAH61m, to UAH538.8m. In 2012, the Mykolaiv-based com...
Egypt: ACC set for IPO
Egypt-based producer Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP8.45 and EGP9.55 (US$1.37), with trading to beg...
Cementtech 2014 officially underway, China
The 2014 China International Cement Industry Exhibition and Conference started proceedings on Sunday 27th April at the Hotel Nikko New Century, Beijing, China, with delegates g...
Holcim strong start in Europe
Holcim's first quarter turnover declined by 5.4 per cent to CHF4088m (EUR3342m), but on a like-for-lake basis, there was a 7.8 per cent increase and measured in euros the turno...
Price increase for Karachi market, Pakistan
Pakistan cement producers have increased the price of cement by PKR5/bag to PKR220-235/bag in Karachi, according to local retailers. “The latest increase is made after a gap o...
Solid first quarter for Cementos Argos
Cementos Argos posted first-quarter net income of US$39m, up 51.7 per cent compared to the first quarter 2013. The company attributed the increase in net income in part to th...
Fitch: Spanish tax ruling negative for Cemex
The recent ruling by Spanish tax authorities to fine Cemex Espana EUR455m will slow the recovery of Cemex’s credit profile but will not result in a negative rating action to th...
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