Moody's assigns definitive Aa1 to China Resources Cement bonds
Moody's Investors Service has assigned a definitive Aa1 rating to the 5-year bonds issued by China Resources Cement Holdings Ltd. Moody's has removed the rating from provisiona...
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Europe: 2012 trends and outlook
Eurostat data published earlier this week shows that August was the eighth month in a row to register YoY declines in Eurozone construction output among member states – the lat...
Egypt cement prices rise
Egypt’s cement market has witnessed an increase of EGP50/t (US$8) resulting in complaints from wholesalers. “Since before the Eid holiday, cement producers have been pressin...
Dangote nine month profit rises 13.5 per cent
Nigeria's Dangote Cement said on Thursday its pretax profit for the nine months to September rose 13.5 per cent to NGN105.8bn (US$673.63m), compared with NGN93bn in the same pe...
Cemex recognised for CO2 emissions performance and reporting, Latin America
Cemex named one of Latin America’s best companies in CO2 emissions performance and disclosure Cemex has been named by the Carbon Disclosure Project (CDP) as the best Latin Amer...
Pakistan exports to India decline
Pakistan cement exports to India have registered a decline of 15.67 per cent in the first quarter of current fiscal year, standing at 137,742t compared to 163,340t exports in t...
Indian producers move forward with cartel appeal
Eleven Indian cement producers fined by the Competition Commission of India (CCI) for cartel practices, yesterday approached the Competition Appellate Tribunal (COMPAT) to chal...
Boral sees US housing recovery
Australian market conditions have remained difficult in the quarter to the end of September, though weather conditions have been somewhat better. While infrastructure invest...
Holcim looking to build new Indonesian cement plant
Holcim is reportedly planning to build a cement plant in Tuban, East Java in addition to the plant it is currently constructing to capture a further portion of Indonesia's huge...
UAE cement producers see improvements in 9M12 profits
Two leading cement producers in the UAE have posted an improvement in profits for the first nine months of 2012 as construction activity on the local market shows signs of a re...
Cementarnica Usje Skopje net profit falls, Macedonia
Macedonian cement producer Cementarnica Usje Skopje said its nine-month consolidated net profit fell to MKD1.19bn (US$25.1m) from MKD1.56bn a year ago. Operating income decli...
Cementos Pacasmayo sales rise 17.5 per cent, Peru
Cementos Pacasmayo, a leading Peruvian cement company, announced cement sales volume increased 17.5 per cent during the first nine months of 2012 compared to the same period of...
New Tajikistan cement plant inaugurated
A new cement plant by Suhgd Cement, situated in north Tajikistan, has been officially inaugurated in the presence of Gul Sherali, the country’s Minister of Energy and Industry....
New order for Gebr Pfeiffer in Colombia
Cementos Tequendama has ordered an MPS 140 BK coal mill coal mill from Gebr Pfeiffer, Inc, a subsidiary of Gebr Pfeiffer SE. Cementos Tequendama’s plant is located in the out...
EAPCC reports increased annual losses, Kenya
East African Portland Cement Co (EAPCC) posted an increased annual loss for the year ending 30 June 2012 due to slower sales, a major plant breakdown and labour issues. EAPCC ...
Tangshan Jidong Cement profit slumps, China
Tangshan Jidong Cement Co’s operating revenue in the first three quarters of 2012 slumped 77.77 per cent YoY while net profit fell 83.06 per cent to CNY241m (US$38.7m). Earnin...
Anhui Conch to issue bonds, China
Anhui Conch Cement Co Ltd has been given the greenl ight by China Securities Regulatory Commission to issue no more than CNY6bn (US$2.13bn) of 10-year corporate bonds publicly....
Holcim Philippines to boost cement capacity
Holcim Philippines has announced that it is planning to invest US$350m-450m in a new 2Mta cement plant to meet long term domestic market needs. Speaking at a press briefing, H...
Lafarge Pakistan swings to 3Q12 profit
Lafarge Pakistan reported that it earned PKR268.52m in the third quarter of 2012 compared to a loss of PKR308.38m (US$3.2m) in the corresponding period of last year. The advanc...
Walter Schalka to step down as Votorantim Cimentos CEO, Brazil
Walter Schalka has resigned his position as CEO of Brazilian market leader Votorantim Cimentos after seven years at the helm. Mr Schalka will leave step down at the end of Nov...
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