Eastern China prices beat expectations
Cement prices in eastern China have increased during July, beating analysts expectations for some parts of the region. Prices continued rising and rebounds in Zhejiang, Fujia...
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India Cements reports fifth consecutive quarterly drop in net profit
India Cement has reported its fifth consecutive quarterly drop due to forex losses and a lower pricing environment. Net profit for the first quarter of the current fiscal dec...
Indonesian producers increase exports
Cement exports from Indonesia increased in July as domestic demand slows and new capacity comes on-stream. Cement exports increased by more than 10 times to 95,000t in July f...
Lafarge Malaysia to open R&D laboratory
Lafarge Malaysia Bhd plans to set up a research and development laboratory to provide solutions to Malaysia’s construction industry and anticipated housing requirements. Brad...
Votorantim pulls IPO plan, Brazil
Votorantim Cimentos SA withdrew plans for its multibillion dollar initial public offering on Monday citing poor market conditions. Votorantim had postponed its IPO plans in Ju...
Bids for Cement Corp of India units invited
SBI Capital Markets has invited global bids to sell state-run Cement Corp of India Ltd's four non-operating units through an e-auction process. The company has put its 4...
Najran Cement resumes operations of Kiln Line 1, Saudi Arabia
Saudi-based cement producer Najran Cement has resumed operations at Line No 1 following the successful completion of maintenance. The production line was closed for schedule...
Brazil's monthly cement sales up 4.4%
Brazilian cement sales in during July increased by 4.4 per cent YoY to 6.2Mt, latest data from Sindicato Nacional da Indústria do Cimento shows. During the January-July 2013 p...
Dalmia in advanced stage of new plant commissioning, India
Dalmia Cement is in advanced stages of commissioning its new cement plant at in north Karnataka, as the company plans to lift capacity to 19Mta. The new 2.5Mta cement works in...
Credit Suisse lifts target price for TCC International
Credit Suisse lifted its target price for Taiwan Cement Co (TCC) International to HK$1.8 from HK$1.7 and upgraded the stock to "neutral" from "underperform". The research hous...
India: industry targets 25% TSR by 2030
The Indian cement industry is failing to realise the potential for alternative fuels and raw material utilisation (AFR), but resolves to raise the thermal substitution rate (TS...
CRH to acquire Sree Jayajothi Cements, India
CRH has announced that its 50:50 joint venture in India, My Home Industries Limited (MHIL) has reached an agreement to acquire 100 per cent of the shares of Sree Jayajothi Ce...
Colombia’s cement price rose 8% in 1H13
In 1H213, cement prices in Colombia rose eight per cent, well above the country’s inflation rate of 1.73 per cent in the period, according to a report in El Tiempo. The price ...
Suez Cement six-month net profit ahead, Egypt
Suez Cement has reported a 34 per cent increase in first-half net profit thanks to cost reduction and efficiency improvement efforts. In the second quarter of 2013, net sale...
Star Cement exports clinker to Bangladesh via river route
India-based Star Cement said it has dispatched its first barge of clinker to Bangladesh via river. The company is aiming to export over 50,000t of clinker to Bangladesh every m...
China Resources Cement 1H13 profit rises
China Resources Cement (CRC) said yesterday that its net profit attributable to shareholders of the company increased 80.35 per cent YoY to HK$1.15bn (US$148.29m) in the first ...
Gansu Qilianshan's net profit surges, China
Gansu Qilianshan Cement Group Co Ltd earned a net profit of CNY110m (US$18m) in the first half of 2013, a YoY rise of 314 per cent. The cement producer saw operating revenue a...
Bolivia's producers optimistic on buoyant market
In the past three years, Bolivian cement demand has increased between 9-10 per cent annually, according to the Bolivian Institute of Cement and Concrete (IBCH). The organisatio...
S&P puts Buzzi Unicem, Dyckerhoff ratings on credit watch
Standard & Poor's has placed Buzzi Unicem’s rating on credit watch with negative implications, the Italian cement major announced in a statement. Buzzi Unicem's corporate rati...
Zambia prices reach record level
Cement prices in Zambia's capital, Lusaka, have increased for the third time in a month to reach record levels. Prices are currently ZMW85,000 (US$15.60), the highest ever ...
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