Cementos Portland Valderrivas reduces losses
Spain’s Cementos Portland Valderrivas cut losses by nearly 99 per cent to EUR0.6m (US$0.8m) despite a sharp decline in domestic cement demand. In the 1H12, the company had made...
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HeidelbergCement India notes INR80m 1Q13-14 loss
Higher input costs as well as a rise in fuel and power costs pushed HeidelbergCement’s Indian subsidiary into the red. The company reported a loss of INR79.5m (US$1.34m) for th...
Cemex plants earn US Energy Star Certification
Cemex USA announced that five of its cement plants have earned the US Environmental Protection Agency (EPA) Energy Star Certification. The recognition of CEMEX USA’s plants ...
India’s JK Cement reports 55% drop in 1QFY13-14FY
JK Cement reported a 55 per cent drop in its net profit at INR310m (US$5.22m) for the quarter ended 30 June 2013 as a result of lower realisation and higher input costs. In the...
Lafarge trims market growth outlook, debt reduction goal on track
Lafarge reported a marked rise in 2Q net profit although consolidated sales declined. The company has now trimmed its forecast for cement market growth this year but confirmed ...
Dangote Cameroon works on-track for 2014 start
Construction on Dangote’s new cement plant in Elf du Wouri, Cameroon, is on schedule to start production in January 2014. Representing an investment of XOF58.5bn (US$119m), Da...
Cemex expects best volume growth from USA
Cemex reported a slight decline in turnover for the first half of 2013, with EBITDA also down marginally but the trading profit improved by double digits. While volumes were do...
Cementos Portland Valderrivas reduces 1H losses, Spain
Spain-based Cementos Portland Valderrivas (CPV) reduced losses by 98.9 per cent in 1H13, to EUR0.6m, compared with losses of EUR48.6m in the first half of the year before. CPV'...
Nine Nepal brands fail to comply with NBSM standards
Nine cement brands on sale in Nepal have been breaching quality standards set by the Nepal Bureau of Standard and Metrology (NBSM). Random samples tested by an NSBM team (comp...
Hai Van Cement to issue shares to finance acquisition, Vietnam
Hai Van Cement JSC is to issue 21.46m shares in a move acquire Ang Son II Co the from Thang Loi Group Co. The volume will be sold to existing shareholders at VND10,000/shares...
Lafarge hit by winter weather and lack of carbon credit sales
Lafarge's first-half turnover eased by 4.8 per cent to EUR7248m (US$9628.3m) and the EBITDA declined by 14 per cent to EUR1302m, while the trading profit fell by 21.8 per cent ...
Holcim streamlines Indian operations
Holcim is to increase its shareholding in Ambuja Cements as part of the Swiss major's strategy to restructure and streamline its operations in India. Through intragroup restru...
Cemex Latin American Holdings recovers in 2Q
Cemex Latin American Holdings' first-half turnover improved by 2.8 per cent to US$814m and the EBITDA rose by 12.2 per cent to US$306.4m. The increase at the trading level was ...
Pakistan export earnings rise in FY12-13
In the fiscal year ending 30 June 2013, Pakistan exported 9.073Mt of cement on revenues of US$577.73m compared to 8.748Mt at US$498.84m in the corresponding period of last year...
Lafarge delays Ravena kiln project until 2017
Lafarge will be allowed to delay the construction of new pollution control systems at its Ravena works in New York in exchange for an agreement to cut emissions more than previ...
Bali APEC construction projects boost Holcim Indonesia sales
Despite some parts of Indonesia recently witnessing a slowdown in sales this year, Holcim’s local sales have been boosted by construction growth in Bali ahead of the Asia Pacif...
CRH likely to acquire Shriram Group cement business - report
Irish building materials major CRH is likely to acquire the cement arm of the Shriram Group, Sree Jayajothi Cements, three sources have told the Economic Times of India. The ...
Semen Indonesia gears up for further expansion
Semen Indonesia is lining up investments that could hit the IDR20trn (US$2bn) mark over the next three years to further increase capacity and boost operations. “We’re thinkin...
Birla Corp to establish new plant in Madhya Pradesh, India
Birla Corp Ltd is planning to set up a new 2Mta cement plant in Madhya Pradesh, India. A source told local press that the company will spend INR25bn over the next three years ...
Tokyo Cement to set up new unit, Sri Lanka
Tokyo Cement is in talks to set up a new US$50m facility under the name of Tokyo Eastern Cement Company as part of the Sri Lanka-based cement producer’s expansion strategy to m...
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