Cimsa full-year net profit surges
Turkey-based Cimsa said its consolidated net profit surged 162 per cent to TRL302.3m (EUR99.6m) in 2013. Cimsa’s income from investment activities soared to TRL145.7m in 2013...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Greece: Titan to supply quake-hit Kefalonia
Titan Cement is to provide 500t of packed cement to the earthquake-hit island of Kefalonia, catering for repair works urgently needed in buildings of public interest. The Gre...
Cimentos de Moçambique boosts 2013 sales
Cimentos de Moçambique, the Mozambican subsidiary of Cimpor, saw a 9.8 per cent rise in sales last year to 1.3Mt as the start up of two new mills and a more “aggressive commerc...
Guy Sidos appointed chairman of Vicat Group
Jacques Merceron-Vicat, chairman of the Vicat Group has appointed current CEO, Guy Sidos, chairman in addition to his position as CEO. The board also appointed Jacques Merceron...
Southeast Asian advances
Southeast Asia continues to be a hive of cement activity and recent commentary by local producers suggests the prospects remain promising for certain key markets through 2014. ...
HeidelbergCement issues a Eurobond
HeidelbergCement yesterday priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR500m and a maturity date of 12 March 2019. The proceeds of the...
Vietnam Feb cement output rises 35.3% YoY
Vietnam produced 3.8Mt of cement in February, down 9.5 per cent from January but an increase of 35.3 per cent YoY, according to the latest data from the government’s General St...
Najran full-year net profit slips, Saudi Arabia
Saudi-based producer Najran Cement posted a slight two per cent decline in net profit for 2013 to SAR198m (US$52.8m) from SAR202m the year before. Earnings per share stood a...
Philippine producers scale back prices
Philippine cement producer have reduced cement prices by an average of PHP3/40kg bag after the an industry-wide planned increase could not be supported due to stiff competitio...
Al Jouf signs clinker supply agreement with Jordanian producer
Saudi cement producer and trader Al Jouf Cement said in a bourse statement that it has signed a SAR28m (US$7.5m) agreement with Jordan-based Al Rajhi Cement, under which the la...
Honduras cement prices up for discussion
The Honduras Ministry of Industry and Commerce, the Commission for the Defense and Promotion of Competition and the country’s cement companies will meet Thursday to discuss cha...
Limak plans two new Turkish plants
Turkish cement producer Limak Group plans to construct two new plants as part of its ongoing expansion plans, with investments amounting to EUR117.5m. The company is also plann...
Italcementi approves capital hike, to delist Ciment Francais
Italcementi approved a capital increase for up to EUR450m, and a voluntary public tender offer on all the minority shares it does not already own in French subsidiary Ciments F...
CIMAF to construct new Ghana cement facility
The government of Ghana has signed an agreement with CIMAF of Morocco for the construction of a 1Mta cement facility. According to the terms of the agreement signed on Monday...
ThyssenKrupp wins Algerian greenfield order
ThyssenKrupp Industrial Solutions has received an order to build a cement clinker production line in Algeria from Société des Ciments de Ain El Kebira (SCAEK), a subsidiary of ...
Vietnam Jan-Feb sales rise 6.7% YoY
Vietnam sold 8.4Mt of cement in the first two months of this year, up 6.7 per cent from a year earlier, the Ministry of Construction said. Of the total, 5.3Mt of cement was s...
Cemex upbeat on Philippine market outlook
Cemex Philippines remains optimistic that growth in the domestic cement sector will continue to grow this year on the back of the robust construction industry and high governme...
MPA: going from strength to strength
This week marks the fifth anniversary of the Mineral Products Association (MPA), created in March 2009 by the merger of the Quarry Products Association, the British Cement Asso...
India: Reliance Cement gets Himachal Pradesh plant go-ahead
Reliance Cement has received approval from the Himachal Pradesh State Level Window Clearance and Monitoring Authority to set up a new cement plant in the northern Indian state....
Henan Tongli profit declines, China
Henan Tongli Cement Co Ltd earned a net profit of CNY66.38m (US$10.83m) in 2013, a YoY decline of 59.58 per cent, China Business Newswire reported. Meanwhile, operating revenu...
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