TCL sees strong rise in 2013 earnings
For the year 2013, Trinidad Cement Ltd Group recorded a notable improvement in its financial performance with EBITDA increasing by TTD268.9m, or 174 per cent, to TTD423.4m (US$...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Steppe Cement completes commissioning of Line 5
Steppe Cement Ltd announced that its wholly-owned subsidiary, Karcement JSC, has successfully completed the commissioning of the new dry-process Line 5 in Kazakhstan. The new ...
OYAK Cement full-year operating profit rises 52%
Turkish producer OYAK Cement Group said on Monday its operating profit rose 52 per cent to TRL343m (EUR112m) in 2013. Consolidated sales rose 17 per cent to TRL1.3bn. EBITDA ...
India sees rise in average nationwide price
Cement prices in India increased throughout the country with the exception of the south due to high inventories in the region. On the other hand, prices in the north saw the hi...
Lafarge plans additional Nigerian spend
Lafarge Cement Wapco Plc has revealed plans to invest an additional NGN1bn (US$1.37bn) in the next 3-4 years inline with the company's target of doubling capacity in Nigeria. ...
Malaysia: CMS pretax profit buoyed by cement division
Cahya Mata Sarawak Bhd (CMS) registered a 30 per cent YoY rise in pretax profit to MYR295.27m in 2013, driven mainly by higher earnings from its cement division. The cement s...
Cimpor achieves record cement sales and profits
On a comparative basis, turnover at Cimpor increased by 25.5 per cent last year to EUR2624.5m and the EBITDA rose by 45.5 per cent to EUR691.8m. The trading profit emerged a...
Dangote eyes 3Mta Kenyan plant construction
Alhaji Aliko Dangote, president of the Dangote Group, has said his conglomerate is planning to build a greenfield cement plant in Kenya. Dangote made the disclosure during the...
Czech market declines expected to ease in 2014
Cement consumption in the Czech Republic is expected to see another fall in 2014, but the pace of decline is set to ease, according to the head of Lafarge Czech Republic. Ceme...
Mexico and Argentina impact 2013 Molins results
The market contraction in Mexico and a devaluation of the Argentine peso impacted the annual results of Cementos Molins. The Spanish company saw profit fall by 77 per cent to ...
Colombia maintains cement demand
Colombian cement shipments reached 806,000t in January, according to national statistics office, Dane with better sales to the ready-mix concrete, builders and contractors segm...
Dalmia's Belgaum plant set to lift group capacity to over 20Mta
Dalmia Cement Bharat is set to commission its greenfield cement works in Belgaum, Karnataka, in five months, taking total group capacity to over 20Mta. The 2.5Mta plant, situa...
Lafarge constructing Chipata depot, Zambia
Lafarge Zambia is constructing the first cement depot in Chipata District in Eastern Province, valued at US$700,000. The depot will have a cement storage capacity of 3000t. Em...
Titan: profits decline, other than in the USA
Titan reported a four per cent improvement in turnover for last year to EUR1175.9m, having risen by 3.6 per cent in 2012. The US proved to be a particularly bright spot in 2013...
HeidelbergCement upgrade
Moody's Investors Service has upgraded the provisional (P)Ba2 MTN ratings and the Ba2/(P)Ba2 ratings on the notes outstanding to (P)Ba1 and Ba1, respectively of HeidelbergCemen...
Vicem: January cement and clinker output declines
State-owned Vietnam Cement Industry Corp (Vicem) saw output in January fall to 1.44Mt, a 9.4 per cent decline from December 2013 and 19.5 per cent reduction YoY. Of the total...
Oman Cement to obtain a loan to finance new mill project
Oman Cement has decided to obtain a loan from a leading Omani bank to finance a new mill at its existing plant with an expected expenditure of US$39m. Jamal Shamis Al Hooti,...
Macedonia: Cementarnica Usje Skopje net profit increases 12% YoY
Macedonia’s sole cement producer, Cementarnica Usje Skopje, reported that non-consolidated net profit rose 12 per cent to MKD1.48bn (EUR24m) in 2013. Revenue fell by five per...
Lafarge to spend US$20m on Harare plant upgrade
Lafarge Cement is planning to invest US$20m in the rehabilitation of its Harare works in Zimbabwe to boost volumes. The company aims to increase utilisation from the current ...
Mixed full-year performance for Holcim
Holcim reported a mixed performance in 2013 as attributable profit doubled while turnover declined. Overall volumes were down due to weaknesses in key emerging markets, but Eur...
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