Cementarnica Usje 2012 net profit falls, Macedonia
Macedonia’s sole cement producer Cementarnica Usje said its consolidated net profit fell to MKD1.32bn (EUR21.4m) in 2012 from MKD1.92bn a year earlier. Sales revenue fell 18 p...
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Increased capacity boosts Fauji Cement's nine-month profit, Pakistan
Pakistan-based cement producer Fauji Cement Company reported a 26 per cent rise in volumes for the first nine months of FY13 boosted by its new production line. Rising net ret...
Dangote sees strong start to second quarter, Nigeria
Nigeria’s largest cement producer, Dangote Cement, has said strong demand in April is likely to help boost second-quarter revenue to NGN98.5bn (US$623.3m). However, the start-u...
Saudi cement producers urged to maintain reserve supplies
The government of Saudi Arabia is urging cement companies to maintain a strategic stockpile of cement to prevent future shortages. A directive to this effect was issued by the...
Siam City Cement adds water management to Sustainability Roadmap, Thailand
Thailand's second-largest producer Siam City Cement (SCCC) is to add water management and conservation to its Sustainable Development Roadmap and plans to spend THB58.7m (US$2m...
Barclays lowers China's 2013 pricing forecasts
Barclays has reduced its forecasts for cement prices in China this year to +2 per cent from the previous +5 per cent, according to reports by Dow Jones. It has therefore cut it...
OCI to settle tax dispute with Lafarge
OCI has agreed to pay about EGP7bn (US$1bn) over five years to settle a tax dispute on the sale of its cement unit to Lafarge back in 2007, Bloomberg has reported. The payme...
Lucky Cement's nine-month net profit ahead, Pakistan
Lucky Cement, has reported a 49 per cent YoY rise in net profit for the first nine months of FY13 as Pakistan’s largest cement producer by capacity is boosted by higher prices....
Raysut Cement to construct terminal in Port of Duqm, Oman
Oman’s leading cement producer, Raysut Cement Company (RCC), is planning to construct a cement terminal at Duqm port as well as develop limestone mines in Duqm. Mohammed...
Baring Asia in talks with Lafarge India for minority stake
Private equity firm Baring Asia is said to be in advanced talks with Lafarge India to invest about US$240m for a minority stake, according to reports by Reuters. The deal is l...
Falcon Cement to increase capacity, Bahrain
Falcon Cement Company, Bahrain’s sole integrated cement facility, has signed an advisory and engineering service agreement with LV Technology Public Company of Thailand, to i...
Cementos Yura opts for another Loesche mill, Peru
Peruvian cement producer Cementos Yura has placed an order with Loesche America Inc for a clinker/additives grinding plant to installed at its Arequipa plant, Peru. Based on g...
Holcim Nicaragua continues to invest
Holcim Nicaragua is carrying out various works at its Nagarote grinding plant, representing an investment of US$3m this year. The company is currently expanding its cement dis...
Holcim (US) Receives Excellence in Operations Award for water treatment
Holcim (US) Inc announced that its Theodore plant, located in Theodore, AL, received the Excellence in Operations Award from the Alabama Water Environmental Association (AWEA)....
Oman Cement Company's net profit boosted by higher demand
Oman Cement Company (OCC) achieved a 34.89 per cent advance in net profit as growth in government spending for infrastructure projects drives cement demand. The Sultanate's s...
Venezuela faces irregular cement supply
While Venezuela’s authorities claim a rise in cement output, supply of the product on the ground continues to struggle, negatively impacting the implementation of projects, par...
Pakistan nine-month exports volumes slip
Pakistan exported 6.22Mt of cement in the first nine months of FY12-13 earning US$421.12m, compared to 6.245Mt at US$342.95m in the same period of last year. This shows that e...
BBMG Corporation to acquire stake in Hebei Taihang Xuaxin, China
BBMG Corporation has entered into an agreement to acquire a 66.67 per cent stake in Hebei Taihang Xuaxin Building Materials Co from BBMG Group Company Ltd. The transaction i...
Cementos Pacasmayo 1Q13 cement sales rise 6.5 per cent
Peruvian cement producer Cementos Pacasmayo reported a sales increase of 6.5 per cent in the first quarter of 2013. Net income rose 13 per cent in the first quarter to PEN45.1...
Lipetskcement increases first-quarter output, Russia
Lipetskcement, part of the Eurocement Group, reported a 25 per cent increase in production during the first quarter of 2013, the company announced in a statement. The company...
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