CRH sees US operations offsetting weaker European market
In trading statement released today, CRH said the first four months of 2013 were affected by adverse weather conditions but expects growth in the second half to be led by its U...
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Asia Cement Corp plans US$200m convertible bond issue – report
Taiwan-based Asia Cement Corp is planning a US$200m convertible bond issue to repay debts, according to Dow Jones Newswires Tuesday. The Taiwanese company is selling the f...
Lafarge Wapco pretax profit rises over 20%, Nigeria
Lafarge Wapco's first-quarter pretax profit rose by 20.64 per cent YoY to NGN7.19bn (US$45.5m), compared to NGN5.96bn in the same period of last year. Revenues rose to NGN23...
Lafarge sales down on 1Q weather effect, confirms 2013 goals
Lafarge reported a six per cent decline in sales in the three months to the end of March as it was impacted by harsh winter weather conditions and production issues in Algeria ...
Algeria: Gica launches 1.5Mt import tender
Algerian cement company Gica launched a tender for the importation of 1.5Mta of cement with the first delivery of 0.95Mt due early July. The imports are expected to alleviat...
Italian and French winters again disrupt Italcementi
Italcementi's first-quarter turnover declined by 9.3 per cent to €964.8m and the running EBITDA fell by 32.7 per cent to €88.5m. The €21.3m trading profit a year earlier droppe...
Siemens to supply Edo Cement with gas turbines, Nigeria
Siemens Energy has been awarded an order for three of its model SGT-500 gas turbines to Edo Cement for a new plant being constructed by the BUA Group in Nigeria. The order mark...
Lanco Industries withdraw proposal for Andhra Pradesh plant, India
Lanco Industries has withdrawn its proposal to establish a 0.3Mta mini cement plant in Andhra Pradesh, India. The decision was made after the company reviewed the current ma...
Kuwait Portland Cement net profit surges
Kuwait Portland Cement said its net profit surged to KWD3.2m (US$11.3m) in the first quarter of 2013 from KWD2.3m a year ago, the trader said in a bourse statement. Earnings...
Boral's 3Q earnings hit by weak residential market, Australia
Australian building materials major, Boral Ltd, announced that continued weakness in the domestic housing sector and weaker-than-expected results from its Construction Material...
Tax write back boosts ACC and Ambuja Cements 1Q, India
Holcim's Indian cement interests, ACC and Ambuja Cements, managed to post an improved first-quarter performance YoY despite a decline in sales, largely due to a writeback of i...
Mixed first-quarter results for Indonesia's top three
Indonesia's top three cement producers have posted a mixed set of results for 1Q13, as Semen Indonesia and PT Indocement report a rise in net profits but Holcim Indonesia feels...
US February shipments edge ahead
Total shipments of Portland and blended cement in the United States and Puerto Rico for February 2013 were about 4.7Mt, slightly more than shipments in February 2012. Shipment...
DTI requests further information on Philippine pricing
Philippine cement producers have until next week to provide the Department of Trade and Industry (DTI) with further information explaining reasons behind their higher selling p...
Lafarge Canada Inc in multi-partner initiative to invest $8m in low carbon fuels
Lafarge Canada Inc, Natural Resources Canada, the Queen's Institute for Energy and Environmental Policy and Carbon Management Canada announced in a statement that they are join...
Dyckerhoff sees advances in Russia, USA volumes stable
Dyckerhoff Group, a Buzzi Unicem subsidiary, reported a decline in sales for the first three months to the end of March 2013 due to unfavourable weather conditions. In an adva...
Cementos Molins first-quarter profit down by 53%
Spanish cement maker Cementos Molins reported a 53 per cent on the year drop in its profit for the first quarter of 2013 to EUR4.7m, mainly due to the losses sustained by the d...
Karcement to complete Kiln Line No 5 upgrade by 3Q13, Kazakhstan
Karcement, part of the Central Asia Cement group, has said that the upgrade of Kiln Line No 5 will be completed by the third quarter of 2013 and forms part of the company's mod...
Tvornica Cementa Kakanj net profit plummets, Bosnia-Herzegovina
The net profit of Tvornica Cementa Kakanj, part of the HeidelbergCement group, fell by almost half to BAM9.4m (EUR4.8m) from BAM17.2m a year earlier. Operating income fell to...
Vulcan Materials cement shipments improve, Jan-March 2013
Leading US aggregates producer Vulcan Materials' first quarter turnover was a mere 0.4 per cent ahead at US$538.2m higher and the EBITDA, which had recovered by 36.4 per cent a...
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