GCC sales rise 13.3 per cent, Mexico
Mexico-based cement producer Grupo Cementos de Chihuahua (GCC) has posted MXP2.58bn (US$197m) in sales for 3Q2012, up 13.3 per cent YoY. The company posted EBITDA of MXP50...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cementos Molins posts EUR31m profit, up 85%
Spain’s Cementos Molins has posted a profit of EUR31.16m in the first nine months of the year. The 85 per cent rise has been attributed to successful foreign business, which co...
Anglo American chief resigns, USA
Anglo American plc announces that Cynthia Carroll has decided to step down as Chief Executive, with the Board’s agreement. Cynthia will remain in her post until a successor has...
Cemex to participate in Clean Energy Fund
Cemex announced that it will participate in a Clean Energy Fund that is expected to raise approximately US$300m through a public offer of Certificados de Capital de Desarrollo ...
Ash Grove announces two company promotions, USA
Ash Grove Cement Company announced promotions in its sales leadership teams, Chairman of the Board and Chief Executive Officer Charlie Sunderland announced. The promotions are ...
Eagle Material reports second quarter rise in earnings, USA
Eagle Materials has reported continued growth in sales volumes and earnings in the second quarter as revenues rise 22 per cent to US$164.7m. Second quarter sales volumes impro...
Sinoma nine-month net profit down 76 per cent, China
Sinoma said its net profit attributable to equity holders of parent dropped 76.41 per cent YoY to CNY305m (US$48.9m) for the nine months ended 30 September 2012. Its basic and...
Holcim Australia to make cutbacks
Holcim Australia is expected to lay off 150 staff and mothball up to 30 plants as it adjusts to challenging market conditions. According to reports by the Financial Review ...
Iran six month output hits 36Mt
Cement production in Iran during the first six months of the current Iranian calender (beginning 20 March 2012) has reached 36Mt, Esfandiar Salarvand MD of Fars & Khuzestan Cem...
Jiangxi Wannianging Cement profit declines, China
Jiangxi Wannianging Cement has posted an 82.33 per cent drop in net profit for the first nine months of 2012 on the back of lower sales volumes and prices. For the nine month...
Cemex launches Latam IPO, Colombia
Cemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from 29 October to 6 November, the company said. Cemex ha...
New Ethiopian cement factory to set to start production
A new 1500tpd cement plant, situated in the eastern town of Dire Dawa, is set to start production in a fortnight. Ture Dire Dawa Cement factory has completed its constructi...
Indian cement prices rise
A positive cement pricing trend which started in September has continued into October across most of India. The national average price of cement in October stood at INR299/5...
Congo New Cement capacity expansion plans
Congo New Cement Co expects profits to double this year amid increasing demand and plans to increase capacity at its Loutete cement works. Bloomberg reports that the company,...
Fitch assigns Central Asia Cement 'BB-(kaz)' rating
Fitch Ratings has assigned Central Asia Cement (CAC) a National Long-Term Rating of 'BB-(kaz)' with a Stable Outlook. The agency has also assigned the prospective 2.5 billio...
Asia Cement profit falls, China
Asia Cement (China) said that revenue for the first nine months of 2012 was CNY4.73bn (US$757m), a decline of 19.83 per cent from a year earlier. Gross profit declined 58.5 per...
JP Morgan expects improved China pricing environment
JP Morgan has raised its target price for BBMG Corp to HK$6.5 from HK$5.5 and maintained its “neutral” rating and sees improved trading conditions in the second half of 2012. ...
JK Lakshmi to revive Udaipur operations, India
JK Lakshmi Cements plans to restore operations at its Udaipur cement plants as part of its efforts to double cement capacity in the next two years. "We will be spending nea...
Najran Cement 3Q12 net profit down, Saudi Arabia
Saudi Arabian cement company Najran Cement posted a net profit of SAR36.2m (US$9.7m) for the third quarter of 2012 compared to SAR83.3m in the corresponding period of 2011, rep...
Cemex Spain lay off 370 workers as cement consumption plummets
Cemex Spain has lodged an employment regulation (ERE) for 370 workers, 21.2% of the 1740 employees that the Mexican multinational has in the country. The company justifies t...
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