JPMorgan sells stake in Anhui Conch, China
JPMorgan Chase & Co sold 3.89 million H-shares (translating to a 0.3 per cent stake) in Anhui Conch Cement Co Ltd on 29 July 2013, decreasing the stake to 10.91 per cent, accor...
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Quiet handysize and panamax markets, capesize promising
Traditionally a more quiet time of the year, the freight market does not delivery any big surprises. Handysize and panamax markets see available shipping capacity outnumber act...
Buzzi Unicem hit by weaker markets
Buzzi Unicem's first-half turnover declined by 5.7 per cent to EUR1273.7m and the EBITDA fell by 24.8 per cent to EUR150.7m as the Italian cement major was hit by weaker market...
Kesoram Industries to construct 3Mta plant in Maharashtra, India
Kesoram Industries, part of the BK Birla Group, is to establish a 3Mta cement plant in Solapur in the state of Maharashtra. “The Solapur cement plant is a two-stage project. ...
Fitch revises West China Cement outlook
Fitch Ratings has revised West China Cement Limited's (WCC) Outlook to Negative from Stable reflecting continued weak average selling prices (ASP) in the cement producer's core...
Iran cement output increases 5% in first four months
Iran’s cement output in the first four months of the current Iranian calendar year (beginning 21 March 2013) increased by five per cent compared to the same period of the previ...
Ecuador seeks strategic partner for cement company
The Ecuadorian authorities announced their search for a strategic partner for a state-owned cement company, according to the Coordinating Ministry of Production, Employment and...
Lafarge Tarmac celebrates Dunbar cement plant’s 50th anniversary, UK
Lafarge Tarmac has celebrated a milestone anniversary at its landmark Dunbar plant, Scotland’s only cement manufacturing operation. The Dunbar plant is one of East Lothian’s...
HeidelbergCement increases pre-tax profit by 52.1 per cent
HeidelbergCement's first half turnover was virtually unchanged at €6560.4m (-0.3 per cent), while the EBITDA improved by 5.1 per cent to €953.1m as energy and raw material cost...
Titan's European profitability suffers
Titan's first-half turnover improved by 4.4 per cent to €571.9m but the EBITDA fell by 17.8 per cent to €92.2m as European profitability continues to suffer. The trading profi...
Holcim Indonesia first-half sales decline 1.3%
PT Holcim Indonesia reported a decline in sales for the first six months of 2013, having registered a second consecutive quarterly fall. Volumes dropped by 1.3 per cent to 4M...
Oman Cement output declines on mill setback
Oman Cement posted a 3.1 per cent rise in net profit for the first half of 2013 to OMR9.3m (US$24.2m) compared to OMR9m in the same period a year ago. Sales and output, however...
Lafarge Cement Zambia scales back exports to meet domestic needs
Lafarge Cement Zambia has reduced its exports by 15 per cent due to buoyant domestic construction market needs. Eugene Chungu, corporate affairs and communication director, to...
Ashaka Cement first-half pretax profit falls 54.4%, Nigeria
Ashaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago. Turnover also fell to NGN11.81bn during the ...
Vulcan sees main growth coming from the residential market, USA
Vulcan Materials' first-half turnover increased by 3.8 per cent to US$1276.9m and the EBITDA rose by 32.4 per cent to US$192m. The trading result swung from a US$26.6m loss in...
Standard & Poor’s downgrades China Shanshui Cement, China
Standard & Poor's Ratings Services has lowered its long-term corporate credit rating on China-based cement producer China Shanshui Cement Group Ltd to 'BB-' from 'BB' due to a ...
Calderys announces Indonesian joint venture
Refactory solutions specialists Calderys has signed a joint venture (JV) agreement with Indonesian refractory manufacturer PT Indoporlen. Calderys, a subsidiary of Imerys of...
Holcim (New Zealand) to close Westport plant, build new import terminal
Holcim (New Zealand) is to close its Westport cement plant as it looks to build a new import terminal elsewhere in the country. It has also put on hold plans for construction o...
Russia and USA prove Dyckerhoff's only first-half bright spot
German cement major and Buzzi Unicem subsidiary Dyckerhoff AG reported a decline in first-half sales volumes across all its market except Russia and the USA. Consolidated sa...
Cementos Molins 1H profit falls 58%
Cementos Molins closed the first half-year with a profit of EUR8.3m, 58 per cent down on 1H12. The decline has been attributed to the poor performance of the Spanish subsidiari...
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