Steppe Cement 1H13 profit rises to US$3.8m
Steppe Cement Ltd posted an increased pretax profit during the first six months of the year of US$3.8m compared with US$391,000 a year earlier. Revenue rose to US$54.3m versus...
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Iraq bans white cement imports from Iran
Iraq has placed a ban on imports of Iranian white cement from the Shalamcheh and Chazabeh borders, Sadeq Sava'edi, the deputy head of Khuzestan's Cement Exporters Union said on...
Refratechnik Group acquires Burton GmbH, Germany
The Refratechnik Group, a leading manufacturer of ceramic refractory products has acquired the facilities of Burton GmbH & Co. KG in Melle, near Osnabrück, Germany. As a res...
Cimpor outlines Latin America spend
Cimpor is to invest some BRL3bn (US$1.319bn) over the next four years which is expected to include new factories in Brazil and Argentina. Company CEO Ricardo Lima said the ...
Tanzania Portland optimistic on 2H turnaround
Tanzania Portland Cement Company expects a recovery in second half net profit thanks to reduced production costs. In the first six months of the year, net profit fell by over...
Paraguay’s government evaluates INC capitalisation options
The Paraguayan government is currently analysing the different alternatives to inject capital in the state-owned Industria Nacional del Cemento (INC). One option include a priv...
New Angola plant to begin commercial production by year-end
The Cuanza Sul cement plant will begin commercial production under the brand name Yeto, the company president, Manuela Vieira Lopes, has said. Final equipment assemply is no...
Lafarge in RDF joint venture, Pakistan
Lafarge Industrial Ecology International SA has announced a joint venture with Saif Holdings Ltd for the manufacture of Refuse Derived Fuel (RDF) to be used as alternative fuel...
Lusaka prices continue to rise, Zambia
The price of cement in the Zambian capital of Lusaka has continued to rise through the year, due to increased fuel and transportation costs. The average price across the cit...
GMK and IKN sign waste heat recovery partnership, Germany
Germany-based companies GMK GmbH and IKN GmbH have entered into an exclusive partnership to develop and market waste heat recovery systems for the cement industry. On 16 Sept...
PCA sees higher demand growth from 2014
While an unusually wet spring and early summer impacted cement consumption in the first quarter of 2013, it has not put a dampener on the opportunity for strong growth in the c...
Ships transporting clinker collide at Chittagong port, Bangladesh
Three ships carrying clinker collided at Chittagong Port in southern Bangladesh earlier this week, causing partial interruptions to supplies. However, local production has not ...
Credit Suisse upgrades TCC’s earnings outlook
Credit Suisse has revised up its 2013 earnings by 48 per cent for Taiwan Cement Corp International (TCC) to reflect the upside risk in cement price and sales volume from Guangd...
Fitch Ratings affirms and withdraws Central Asia Cement’s rating
Fitch Ratings has affirmed and simultaneously withdrawn Central Asia Cement's (CAC) National Long-Term Rating at 'BB-(kaz)' with Positive Outlook and senior unsecured bond rati...
Semen Tonasa begins construction of West Sulawesi packing plant
State-owned Indonesian cement producer PT Semen Tonasa has begun construction of a new 300,000t capacity packing plant in the Belang Belang port area, Mamuju District, West Sul...
PPC chief acquires further stocks in producer, South Africa
CEO of PPC, Ketso Gordhan, has acquired another ZAR3m worth of the company’s shares on the open market between 4-5 September 2013. This takes Mr Gordhan’s accumulated shares to...
A TEC announces new managing director
The A TEC Group has announced Ghassan Broummana will take over the responsibility as the company’s managing director, effective 1 October 2013. Mr Broummana will be primaril...
Indonesian sales down 5.8% In August
Indonesian cement sales fell 5.8 per cent to 3.3Mt in August 2013, according to latest data from the Indonesian Cement Association. Compared to July 2013, cement sales in Ind...
UltraTech acquires Jaiprakash's Gujarat assets
Jaiprakash Associates Ltd has confirmed it will sell its cement assets in Gujarat to UltraTech Cement Ltd for around INR38bn (US$598m) including debt. UltraTech, the country'...
DG Khan Cement plans greenfield plant, Pakistan
DG Khan Cement has been given the green light by its Board of Directors (BoD) to set up a greenfield plant in Pakistan, but plans for a Mozambique facility have been withdrawn....
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