Siam Cement second-quarter net profit surges
Siam Cement posted a surge in YoY net profit in the second quarter of 2013, boosted by strong earnings in its core businesses including its cement division. Thailand’s larges...
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Eurocement plans full ownership of Ahangaran Cement, Uzbekistan
Russia-based Eurocement Holding AG is planning to increase its stake in Uzbekistan's second largest cement producer Ahangaran Cement up to 100 per cent. Currently, Eurocemen...
Fitch upgrades Cemex to B+
Fitch upgraded its foreign and local issuer default rating of Cemex to B+ from B, the ratings agency said in a report. The upgrade is based on Cemex's improved capital struct...
Vinaconex to sell majority stake in Cam Pha Cement
Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) is in talks to sell its 70 per cent stake in Cam Pha Cement. According to reports by Vietnam News Br...
HeidelbergCement raises 2Q13 operating profit
HeidelbergCement, the world’s third-largest cement producer, reported a second-quarter operating profit as it managed to increase prices in its main markets. A rise in demand i...
Cimburkina to bring 0.65Mta capacity online in Burkina Faso
Burkina Faso’s CIM-METAL Group SA has signed an investment agreement of XOF68.2bn (US$138m) with Burkina Faso for the construction and operation of cement and metal processing ...
Italcementi's underlying EBITDA fairly stable
Italcementi's first-half turnover declined by 6.2 per cent to €2156.6m and the running EBITDA was down by 10.6 per cent to €298.6m, with the reduction primarily reflecting exch...
Eurocement 1H output rises 5%
The cement output of Russia’s Eurocement Group increased by five per cent to 11.5Mt during January to June 2013, the company said in a statement. Cement shipments, meanwhile, r...
Semen Padang to begin construction of Line 6 by year-end
Indonesia-based cement producer PT Semen Padang said it plans to start construction of its sixth line at the end of 2013 to meet growing national demand for cement. "Groundbre...
Jaiprakash Associates downgraded, India
Two brokerages have downgraded Jaiprakash Associates Ltd, days after Deutsche Bank also cut its ratings and earnings estimates for the India-based cement producer. Morgan Sta...
Dr. Michael Mutz to head Aumund cement sales division, Germany
Dr Michael Mutz is to take on an overall management role of Aumund Fördertechnik GmbH’s cement sales division, the company has announced in a statement. In April 2012, Dr Mut...
UltraTech first quarter hit by building slowdown
UltraTech Cement, India's largest cement producer, posted a 13.5 per cent YoY decline in its first quarter (April-June 2013), due to slowdown in home building and infrastructur...
Vietnam Jan-July 2013 output rises
Vietnam produced 32.5Mt of cement in the first seven months of this year, up 5.9 per cent from a year earlier, data from the country's General Statistics Office (GSO) has showe...
Philippine 2Q13 cemend demand increases 8.8%
Philippine cement sales rose 8.8 per cent in the second quarter of 2013, data from the Cement Manufacturers Association of the Philippines (CeMAP) showed yesterday. Sales in t...
Cemex Tilbury reaches cement production milestone, UK
The Cemex grinding and blending cement plant at Tilbury, UK, has produced its millionth tonne of cement and has also achieved an increase of 26 per cent in production, while de...
Sri Lanka to restart Kankesanthurai works
Sri Lanka’s State Resources and Enterprise Development Ministry is to relaunch the Kankesanthurai cement works, involving an investment of LKR1.5bn (US$11.4m) NSM Samsudeen, c...
Madras Cement quarterly net profit down 44%
Madras Cement’s net profit for the first quarter of 2013-14 dropped by 44 per cent compared to the corresponding quarter of last year. Net profit for the quarter ended 30 J...
Dangote sees 53% pretax profit rise, Nigeria
Dangote Cement plc announced a NGN107.7bn (US$670m) profit before tax for the first half ended 30 June 2013. According to the firm’s six-month financial result released to t...
Cementir improves first-half margins
Cementir's turnover improved by 2.2 per cent to EUR472.4m (US$627.6m) during first half of the year as improvements in the Far East, the Americas, Norway and Turkey more than c...
Lafarge opens Sagunto laboratory
Lafarge has inaugurated its first R&D laboratory in Europe at Sagunto, Spain. The centre, which is the company’s second in the world after its US facility in Houston, will rese...
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