Lafarge Pakistan Cement swings to profit
Lafarge Pakistan Cement reported profit after tax of PKR498.916m (US$5.3m) in the first half of calandar year 2012 compared to losses of PKR17.539m in same period last year, bo...
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Cementos Blancos leases Azuara plant to Cemex, Spain
Spanish cement producer Cementos Blancos de Aragon (CBA) has signed an agreement to lease its plant in Azuara to Cemex, according to local press reports. Through the move, C...
FLSmidth strengthens customer services footprint in Australia
FLSmidth signed an agreement to acquire the two Australian service companies MIE Enterprises Pty Ltd. and Mayer Bulk Pty Ltd. The parties have agreed not to disclose the value ...
Seacem trims stake in Lafarge Republic, Philippines
Southeast Asia Cement Holdings (Seacem) on Tuesday sold a 2.3 per cent stake in Lafarge Republic Inc (LRI) to local institutional investors for PHP1.14bn (US$27m). Seacem so...
UK August construction output shrinks
The UK construction industry shrank in August as new orders dropped at the fastest pace since April 2009, according to Markit Economics. An index based on a survey of purcha...
Lafarge Malayan Cement expects robust 2H12 demand
At Lafarge Malayan Cement’s analysts 2Q12 briefing held on Monday, the company said it expects the robust cement demand seen in the first half to continue in the second half. ...
Irish Cement in restructuring efforts, to cut 55 jobs
CRH subsidiary Irish Cement has announced 55 redundancies at its plant in Limerick as part of restructuring measures due to a considerable downturn in the domestic construction...
S&P lowers West China Cement corporate rating, China
Standard & Poor's Ratings Services lowered its long-term corporate credit rating on West China Cement Ltd. (WCC) to 'B+' from 'BB-'. The outlook is negative. The research house...
Mining company looks to restart Kandos operations, Australia
Mining company Kingsgate Consolidated has signed a Memorandum of Understanding with the owners of the former Kandos cement works in an attempt to revive production. About 10...
Taiwan producers invest further in China
Despite recording a decline in first-half net profits Taiwain-based cement producers Taiwan Cement and Asia Cement, have underlined their confidence in the Chinese market by pl...
Indian cement capacity seen reaching 349.6Mt in FY13
Indian cement production capacity is expected to rise to 349.6Mt in the current fiscal year (FY13) from 336.1Mt reached in the last fiscal. "The projected demand and capacit...
FLSmidth to acquire German TEUTRINE GmbH
FLSmidth has acquired the privately-owned company TEUTRINE GmbH Industrie-Technik (TEUTRINE), a German company specialised in mobile solutions for repairs, refurbishments and i...
Teresa cement works renewable energy efforts, Philippines
As part of the Lafarge group’s worldwide strategy to lower its CO2 emissions, its Philippine subsidiary Lafarge Republic Inc.'s (LRI) has demonstrated its commitment to sustain...
FECTO Cement lease extended, Pakistan
FECTO Cement has obtained another 30 years’ extension to its lease. The lease agreement has been controversial since it was granted to the cement factory by former dictator, Ge...
Seacem to sell Lafarge Republic shares, Philippines
Southeast Asia Cement Holdings (Seacem) plans to reduce its stake in Lafarge Republic Inc, either through a property dividend, share swap or other available – to allow the latt...
East African import concerns
The East Africa Cement Producers Association (EAPC) has flagged concerns over the increasing threat of imports to the region. The associaion yesterday warned that cement por...
PT Holcim Indonesia 1H net profit increases 15 per cent
PT Holcim Indonesia recorded a 15 per cent rise in net profit driven by increased sales. Net income rose to IDR514.4bn (US$54m) in the first six months of this year from IDR...
Savannah Cement begins production, Kenya
The 1.5Mta Savannah Cement works has started production, becoming the newest entrant into the Kenyan cement market. The Athi River-based facility is a joint-venture by Kenya...
Reliance Infrastructure set to start output from Maharashtra unit
Reliance Infrastructure Ltd (R-Infra) is set to begin producing cement from its grinding facility in Maharashtra this month and will sell it under the Reliance Cement brand. ...
Lafarge Zimbabwe revises revenue forecasts upwards
Lafarge Zimbabwe has revised its revenue forecast upwards for 2012 for the second time this year after the group reported a significant rise in profits for the first half drive...
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