Cemento Melón cuts investments to US$15m due to 10% sales decline
Chile’s Cemento Melón has seen sales drop by 10 per cent in the first quarter of 2014. "Earlier this year we estimated that we would at least maintain 2013 sales, but in the fi...
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Guangdong Tapai to expand capacity, China
Guangdong Tapai Group Co, Ltd plans to invest about CNY3.56bn in building a new 10,000tpd dry-process line, including a 20MW pure low-temperature waste heat power generation ...
Al Jouf first-quarter earnings drop, Saudi Arabia
Al Jouf Cement posted a drop in earnings of about 40 per cent YoY to SAR15m (US$4m), missing Al-Rajhi Capital’s estimates of SAR 17.8m but exceeding consensus estimate of SAR13...
Probe against Lafarge Surma land acquisition and quarrying operations
The Indian Compliance Advisor/Ombudsman (CAO) is assessing a complaint filed against Lafarge Surma Cement's land acquisition and limestone quarrying operations in Meghalaya, In...
Industry declares victory in NESHAP case
The US Court of Appeals for the District of Columbia Circuit rejected, in part, petitions from the Natural Resources Defense Council and other environmental groups to vacate th...
Henan Tongli plans share issuance, China
Henan Tongli Cement Co Ltd plans to issue 48m shares to China United Cement Group Corp at CNY6.32 per share via a private placement, according to company announcement yesterday...
Savannah Cement plans new clinker line, Kenya
Savannah Cement, the newest entry in the Kenyan market, plans to invest US$200m in the construction of a new clinker line to boost regional sales. A joint venture between Ke...
East Timor plant draws community concerns
A new greenfield cement plant project planned by BGC (Australia) Pty Ltd in Baucau, north Timor, has led local community groups to set up a non-governmental organisation “to pr...
Guangdong Tapai Group Co net profit jumps on higher prices
Guangdong Tapai Group Co Ltd saw net profit reach CNY159m (US$25.5m) in the first three months of the year, rising 224 per cent YoY, the south China-based cement producer said ...
Semen Indonesia allocates Myanmar spend
PT Semen Indonesia has allocated US$200m for the acquisition of a cement plant in Myanmar, Agung Wiharto, corporate secretary of the Indonesian cement group has revealed. The d...
Kazakhstan: Standard Cement to launch second production line in 2015
Standard Cement LPP plans to launch a second production line in south Kazakhstan in 2015, bringing total capacity of the facility to 2.3Mta. The line will have a design capa...
Tunisia: Carthage 1Q14 turnover rises sharply
Carthage Cement reported a turnover of TND41.95m (US$26.45m) in the three months to March 31, 2014, up 337 per cent compared to the same period in 2013. Clinker sales reached...
Najran secures finance for waste heat project
Najran Cement has signed a SAR150m Sharia-compliant loan facility with Banque Saudi Fransi, aimed at financing the company’s waste heat recovery project. The loan has a maturi...
LafargeHolcim will create Indian market leader
The merger of Lafarge and Holcim will create the largest producer in India, overtaking the current leader, UltraTech Cement, according to a report in The Economic Times of Indi...
Cementir Holding announces dividend
Cementir Holding today announced a cash divined of EUR8.0c per ordinary share, as early indications for the first quarter of 2014 are positive and better than expected.
Saudi Arabia: Northern Cement 1Q14 profits surge 42%
Northern Region Cement Company reported SAR60,761,806 profit over the Jan-Mar 2014 period, up 42 per cent compared with SAR42.79m over the same period in the year before.
Ecuador 1Q14 sales ahead
Ecuador cement sales during January-March 2014 period reached 1.522Mt, a 2.5 per cent increase compared to 1.485Mt sold in the first quarter of last year, latest data from dome...
Asia Cement (China) reaches Sichuan purchase deal
Asia Cement (China) Holdings Corp, the Chinese unit of Taiwans second-biggest cement maker, has reached a share purchase deal with Sichuan Lanfeng Cement Co. In a filing with...
Saudi: Arabian Cement quarterly net profit up 6.2% YoY
Saudi-based Arabian Cement Company (ACC) posted a SAR167.1m (US$44.6m) net profit for the first quarter of 2014, up 6.2 per cent from SAR157.3m a year ago. Earnings per share (...
Steppe Cement 1Q14 market update, Kazakhstan
Steppe Cement Ltd said it sold 198,607t of cement in the 1Q14 for KZT2486m (US$13.7m), compared to 166,121t of cement for KZT2272m in 1Q13, representing an increase of 20 and n...
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