Siam Cement outlines Southeast Asian expansion plans
Thailand’s Siam Cement Group has outlined further details of plans to expand its cement presence in Southeast Asia. According to reports in The Nation, the group is to invest...
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Lucky Cement 1Q net rises, updates on international expansion
Lucky Cement has reported a strong rise in profit after tax for the first quarter of the current fiscal year and provided a progress update on its expansion into Iraq and Democ...
Anhui Conch earnings outlook raised, China
Despite Anhui Conch posting a 67 per cent YoY decline in third quarter net profit, Credit Suisse and Citigroup see an improved outlook for the Chinese cement major. Credit Su...
Italcementi to revamp Rezzato works, Italy
Leading Italian cement producer Italcementi said it will invest EUR150m to revamp its Rezzato works. The project is scheduled to start in November and is expected to be oper...
Southern Province driven by higher demand, Saudi Arabia
Saudi Arabian cement producer Southern Province Cement reported a YoY rise in net profit for the the first nine months of 2012 and for the third quarter of the year thanks to a...
Henan Tongli Cement nine-month net profit declines, China
Henan Tongli Cement Co Ltd reported a net profit of CNY138m (US$22m) for the first three quarters of 2012, a YoY decline of 6.86 per cent. Operating revenue during the period c...
Trinidad Cement appoints new director
Trinidad Cement has appointed Mr Alejando Alberto Ramirez as a Director. The effective date is October 12, 2012.
Vietnam producer 3Q net profit falls
Thai Binh Cement JSC reported a net profit of VND81m (US$3.9m) in the third quarter of 2012 compared to VND1bn a year ago due to a rise in input costs and lower demand, the com...
Keeping pace with demand
Updates this week from the Latin American cement sectors of Colombia, Bolivia and Peru show buoyant market conditions prevail and some local producers are expanding capacities ...
Cementos Moctezuma posts positive 3Q12 results
Mexico’s Cementos Moctezuma 3Q12 net sales reached MXN2.297bn (US$177.7m), representing a rise of 12.7 per cent when compared to last year’s equivalent period. Operating profi...
Oman Cement 9M12 net profit surges on local demand
Oman Cement Company’s profit after tax increased 32.5 per cent to OMR12.859m (US$33.4m) in the first nine months of the year against net earnings of OMR9.703m during the same p...
India Cements plans Tamil Nadu capacity expansion, India
India Cements is planning work on a brownfield expansion to add over 3Mta at two of its cement plants in the southern Indian state of Tamil Nadu. The Dalavoi plant, in the Ar...
DG Khan first quarter boosted by prices, Pakistan
Pakistan cement producer DG Khan Cement Ltd (DGKC), reported a significant rise in net income in the first quarter of the current fiscal thanks to rising cement prices. Net i...
Pakistan’s 1QFY13 cement exports rise in value terms
Pakistan cement exports in the first quarter of the current fiscal rose in value terms YoY but in quantity terms volumes are still declining, according to data from Pakistan’s ...
Anhui Conch 3Q12 net down, China
Anhui Conch Cement said its net profit attributable to equity shareholders dropped 66.75 per cent YoY to CNY1.02bn (US$163m) for the third quarter ended 30 September 2012. Ope...
Siam Cement doubles cement sales forecasts
Siam Cement Pcl has doubled its forecast for cement sales growth this year. The company is expected to benefit government projects and the private property sector, and growth s...
Lehigh Cement gets green light for conveyor project, USA
Lehigh Cement Co has been given approval to construct a 4.4 mile long underground conveyor system from the company's quarry to the plant in Union Bridge, Maryland, USA. The bo...
Philippine nine-month cement sales surge
Philippine cement sales increased 20 per cent in the first nine months of 2012, the first time such a high growth rate has been achieved for nearly 20 years. Figures from th...
Siam Cement net profit down, approves investment, Thailand
Siam Cement PCL said Wednesday its third-quarter net profit fell 13 per cent from a year earlier, mainly because of higher expenses and cost of sales. Meanwhile, its board has ...
Cemex Spain mulling job cuts
Cemex’s Spanish subsidiary is considering cutting 350 and 400 jobs, a trade union official told Reuters on Tuesday. The official, who had informal talks with Cemex on the issu...
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