Xinjian Tianshan Cement expects 75 per cent net profit drop, China
Xinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, estimated 25 January that net profit for 2012 to be about CNY305m (US$49m), a a YoY decline of 75 per cent.
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Dyckerhoff to take impairment charge on Russian project
German cement major said it is to take an impairment charge of approximately EUR26m on fixed assets due to a cement project in Russia that was halted in 2009. Due to the imp...
Loesche wins VRM contract for Dangote's new Ethiopia plant
Loesche has been awarded a contract to supply four vertical roller mills for Dangote Cement’s new plant in Ethiopia by Sinoma International Engineering. For raw material gri...
Bosowa breaks ground on new plant
The Bosowa Group has kicked off construction of a clinker grinding plant in Sorong, northern cost of Papua, Indonesia, with a groundbreaking ceremony. The new plant will hav...
Holcim raises cement prices in Mauritius
Holcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to truck...
Taiheiyo Cement lowers gearing, Japan
Taiheiyo Cement’s net debt-to-equity ratio is likely to drop to 2.4 by the end of the current fiscal, an improvement on the 2.6 from a year earlier and under 2.5 for the first ...
Cemex awards CCTV order to VUE, UK
UK-based vehicle CCTV firm, VUE, has won a contract to supply vehicle CCTV systems to Cemex UK, as part of the company’s ‘Cyclist safety’ strategy. Cemex operates more tha...
Pakistan first-half cement export volumes rise
Pakistan cement exporters have registered almost a 30 per cent YoY rise in cement export volumes in the first six months of the current fiscal. However, the amount of deliverie...
Congo’s SONOCC aims for 300,000tpa output
Société Nouvelle des Ciments du Congo (SONOCC) plans to increase its annual output after completing an expansion project last week which is expected to alleviate a cement short...
Dangote eyes further investment in Zambian market
With Dangote’s first cement plant in Zambia set to be completed next year, a senior company executive has said that plans for another new plant in the East African country are ...
Bolivia’s Fancesa announces 0.66Mta capacity expansion by 2016
Fancesa celebrated its 54th anniversary by announcing plans for a new factory, enabling the Bolivian cement makers to produce an additional 2000tpd of clinker, equivalent to 0...
Udayapur Cement production levels increased
Udayapur Cement, the largest cement producer in Nepal has resumed higher levels of production which had recently been scaled back because of technical difficulties. The compa...
Huaxin to acquire stakes in two Hubei-based companies, China
Huaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province. The Chinese producer is set to buy a 7...
Boral lifts 1HFY13 net profit guidance, Australia
Boral Ltd today announced that following stronger-than-expected performance in the December 2012 quarter, it expects net profit after tax (before significant items) for the fir...
Sabanci Holdings on the cement acquisition trail, Turkey
Turkish industrial group Sabanci Holdings is reportedly on the acquisition trail both at home and abroad as it seeks to double its capacity in five years. The group is curre...
Antigua cement prices set to rise
Caricement Antigua Ltd is considering a slight price increase on the back of rising production costs, in a move that follows two other hikes announced in the Caribbean this yea...
CIMAF builds cement plant in Burkina Faso
Morocco’s Ciments d’Afrique (CIMAF) is building a cement works in the industrial zone of Kossodo, Burkina Faso. On Saturday, 19 January 2013 the first stone was laid in the pr...
Oman Cement net profit rises 37% in 2012
Oman Cement Company announced a 37 per cent rise in net profit in 2012 following a rise in revenue. Net profit for the 12 months to December 2012 climbed to OMR17.5m (US$45....
Ciments Kercim to go into production in spring 2013, France
Ciments Kercim’s clinker grinding unit in Montoir-de-Bretagne (Loire-Atlantique) is scheduled to enter service in spring. Located in the bulk terminal port of Nantes-Saint-N...
Dr Ahmed Zugail returns to Yanbu Cement, Saudi Arabia
Saudi-Arabia based Yanbu Cement Company (YCC) has announced that Dr Ahmed A Zugail has taken up his position as new Director General/CEO, effective 1 September 2012. Dr Zugail ...
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