Vietnam October output rises YoY
Vietnam produced 5.2Mt of cement in October, up 11 per cent from the month before and 13 per cent YoY, the General Statistics Office (GSO) said. The GSO also revised down t...
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Pakistan September export volumes ahead
Pakistan achieved double-digit rises in both export volumes and revenue in September compared to the month before, data from the Bureau of Statistics shows. Exports during Se...
Algeria imports 3.6Mt of cement in 9M2013
Algerian cement imports jumped by 65 per cent in terms of value and 70 per cent in volume during the first nine months of 2013, according to the country’s customs statistics of...
Euro area construction output rises in August
EU construction output increased in August 2013, latest data from Eurostat shows. Seasonally-adjusted production in the construction sector was 0.4 per cent higher in August th...
Akmenes modernisation project nears completion, Lithuania
Akmenes Cementas, Lithuania's sole cement producer, is due to bring its new dry-process kiln line into operation shortly. “Representatives of equipment suppliers are visiting ...
EAPCC swings to full-year profit, Kenya
East African Portland Cement Co (EAPCC) has posted a profit for the full-year ending June 2013, having recorded a loss in the same period of last year. The company, in which ...
Semen Padang plans new packing plant, Indonesia
Semen Indonesia group company Semen Padang plans to build a new packing plant at a site close to Pulau Baai port in Bengkulu at a cost of IDR100bn (US$920,000). "We have alrea...
Global demand growth outlook downgraded
A recent report by Morgan Stanley has lowered the growth outlook for global cement demand for 2013 to adjust for a changing economic landscape in emerging regions. Following ...
Cement imports - fortress Mexico breached
The first industrial scale consignment of bagged cement in 25 years has successfully been imported to Mexico, marking a unique milestone in the recent history of the Mexican bu...
Cemex: 9M13 turnover edges ahead
For the first nine months of the year, Cemex' turnover edged ahead by 0.7 per cent to US$11,352.7m but but EBITDA eased by 0.3 per cent to US$2001.2m as Mexico continues to dr...
Two new cement grinding plants for South Africa
Two new grinding stations will be established in Southern Africa by the end of 2014, to be set up by new market entrant Osho Ventures, CemNet News has learnt. Each of the ne...
Viettel to buy 70% stake in Cam Pha Cement
The Viettel Group has signed an agreement with Vietnam Construction and Import-Export JSC (Vinaconex), to buy a 70 per cent stake in Cam Pha Cement JSC. Military run-Viettel ...
Holcim Croatia to boost profitability
Holcim Croatia said it is implementing a new strategy to help drive the company back to profitability by 2015. The new operational plan cover all of Holcim's divisions and bus...
Asia Cement nine month profit surges, China
Asia Cement said net profit attributable to shareholders for the first nine months of the year rose by 166 per cent YoY to CNY391m (US$64.25m). Revenue rose by 3.9 per cent f...
DG Khan sees 17% decline in first-quarter exports, Pakistan
DG Khan Cement reported a lower-than-expected post-tax profit of PKR1.07bn (US$10m) in the first quarter of the current fiscal year, down 26 per cent from the PKR1.44bn reporte...
JP Morgan lifts stake in Anhui Conch
JPMorgan Chase & Co purchased 2.05 million shares (a 0.16 per cent stake) in Anhui Conch Cement Co Ltd on 17 October, increasing the stake to 12.12 per cent, according to the H...
Cemex Latin America cement shipments edge ahead, grows stronger downstream
Cemex Latin American Holdings' turnover for the first nine months of the year advanced by eight per cent to US$1287.8m, while the EBITDA increased by 16.2 per cent to US$474.4m...
NORM LLC eyes further expansion plans
NORM LLC may consider expanding its new 2Mta Qizildas Cement plant in Azerbaijan as early as next year, plant manager, Osman Nemli, has indicated. Speaking to International Ce...
ACC and Ambuja see slow return to growth
ACC and Ambuja Cements, both part of Holcim, have reported a decline in quarterly sales due to subdued demand and lower cement prices, and expect a slow return to growth as nea...
Bangladesh sets next export revenue target
The government of Bangladesh has set an export revenue target of US$6.46m for cement, stone and salt over FY13-14 its export Promotion Bureau (EPB) has said. However, the count...
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