Southern Province posts flat full-year profit
Southern Province Cement posted a SAR1.006bn (US$268m) net profit in 2013, almost flat from SAR1bn the year before. Earnings per share stood at SAR1.013. Operating profit fo...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Kazakhstan set to see the launch of two new plants in 2014
Two new plants are set to be launched in Kazakhstan's southwestern and northern regions this year, helping the central Asian country achieve its aim of self-sufficiency in ceme...
Brazilian cement sales seen reaching 70Mt in 2013
Brazilian cement sales in during December 2013 remained stagnant at 5.1Mt compared to the same month of the previous year, latest data from local association SNIC shows. In th...
UK regulator demands domestic shake up
The structure and conduct of the UK cement sector restricts competition, costing consumers around GBP50m annually, and therefore requires decisive market intervention, accordin...
EUR16m investment in Quinn SRF project
Aventas Group, formerly Quinn Manufacturing Group, is to invest EUR16m in an alternative fuels project at its Quinn Cement plant in Ireland. Aventas said it is to convert the ...
Steppe Cement revenue rises as Kazakh demand rises 13%
Kazakhstan producer Steppe Cement said its 2013 revenue was 8.7 per cent higher YoY, as demand in the central Asian country increased by an estimated 13 per cent to 8.1Mt durin...
Kenyan prices hiked on new mining levy
Kenyan producers have raised cement prices following a new levy imposed by the Ministry of Mining. Najib Balala, the Cabinet Secretary for Mining, announced a KES140/t minin...
Sephaku launches production at Delmas plant
Sephaku Cement began commercial production at its Delmas grinding plant on 6 January 2014 following a successful commissioning phase, Sephaku Holdings has announced. The Delma...
Fitch Affirms Cementos Pacasmayo rating
Fitch has affirmed ratings of Peruvian cement producer Cementos Pacasmayo. The ratings Outlook is Stable. The following ratings have been affirmed: • Foreign currency Issuer D...
Yamama Cement net profit rises 6.4% YoY
Yamama Cement Co of Saudi Arabia said yesterday its net profit for 2013 rose by 6.4 per cent to SAR870m (US$232m), up from SAR818m a year ago. The increase was attributed to a...
Cemex responds to CC report
Cemex has responded to the Competition Commission’s (CC) final report into the aggregates, ready-mix concrete and cement market in Great Britain, saying that the CC’s conclus...
Peru market expands at slower rate
Cement dispatches in Peru increased 7.45 per cent YoY to 9,408,853t between January and November 2013, according to the its cement association Asocem. The latest figures confir...
Conch expects strong rise in 2013 profit
Anhui Conch, the leading cement producer in China by market value, said it expects a 50 per cent rise in net profit attributable to shareholders for 2013. In 2012, the compan...
Semen Indonesia eyes further Asian expansion
Following the acquisition of a majority stake in Vietnam-based cement producer Thang Long Cement in 2012, Semen Indonesia is now setting its sights on expanding into Bangladesh...
Carpatcement to invest EUR15m this year
Carpatcement Holding, part of HeidelbergCement, plans to invest around EUR15m this year in energy efficiency, environmental projects and staff development. "Regardless of dif...
Saudi Cement 4Q13 profit down 8% YoY
Saudi Cement reported an eight per cent fall in fourth-quarter profit on Tuesday, attributed to lower sales and rising raw material costs. In the three months to the end of ...
CRC profit alert, China
China Resources Cement said the group's profit attributable to the owners of the company for the year ended 31 December 2013 is expected to be substantially higher compared wit...
Indonesia full-year growth rate decelerates
Indonesian cement sales increased by 5.6 per cent in 2013, less than half the rate of growth of 14.5 per cent the year before, due to slower demand particularly in outer Java. ...
UK watchdog to force Hanson to sell GGBS production facility
The UK’s Competition Commission (CC) plans to force Hanson to sell off one of its facilities as part of a move to introduce a fifth player to the market to increase competition...
Full-year Saudi cement sales rise 4%
Cement sales in Saudi Arabia increased by four per cent in 2013 to 55.6Mt compared to 53.5Mt in 2012, a report released by local producer Yamama Cement Co has revealed. Howe...
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