Sichuan Shuangma Cement 1H net profit slumps, China
Shenzhen-listed producer, Sichuan Shuangma Cement Co, reported a 112.95 per cent loss in net profit for the first half of 2012 to CNY11.64m (US$1.8m) China Business Newswire re...
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Australia: market uncertainties ahead
Challenging market conditions persist for Australia's cement sector due to weak residential and commercial activity combined with the potential impact of a new carbon tax which...
Iberian impairments push Cimpor into a loss
Cimpor’s first half turnover declined by 5.5 per cent to €1086.8m, as the deterioration in Spain, Portugal and China could not be compensated for by improvements elsewhere. ...
Tanga Cement profit rises 56 per cent, Tanzania
Tanzania-based Tanga Cement, part of the Holcim Group, has posted a 56 per cent YoY rise in net profit to TZS15bn (US$9.5m) due to increased exports and stable electricity sup...
Gresik sets aside US$300m for regional expansion
Indonesia’s largest cement maker, PT Semen Gresik, has US$300m to expand its business to the regional markets of Myanmar, Cambodia and Vietnam, the company’s chief executive Dw...
UltraTech on track to raise capacity by 19% next year
UltraTech, India’s leading cement producer, said it will raise capacity to 62Mt by next year, according to its chairman, as he warned that the outlook for the domestic sector r...
Shree puts Karnataka project on hold, to expand Rajasthan works
Shree Cement has decided to put its Karnataka project on hold following issues with land acquisition and now plans to expand its Rajasthan cement works. The proposed plant, ...
New South Sulawesi cement plant planned, Indonesia
A new cement plant is being planed in Barru, South Sulawesi involving an investment of US$400m, according to executive director of the PT Fajar Semen Baru project, James Martin...
Vinacomin to sell coal to Vicem affiliate, Vietnam
State-owned miner Vinacomin will sell 130,000t of coal to VICEM Materials Transport Cement Joint Stock Company, an affiliate of Vietnam Cement Industry Corporation (Vicem). Th...
Lafarge Republic to comply with 10% public ownership, Philippines
Lafarge Republic Inc was approved a one-day trading suspension on Friday by the stock exchange of the Philippines as it unveiled plans to comply with the exchange's 10 per cent...
The US recovery is the one bright spot for Titan
Titan’s first half turnover declined by 1.6 per cent to €547.9m and the EBITDA fell by 21.3 per cent to €112.1m, as the cement producer is caught amid a continued downturn it i...
Lafarge Cauldon works reaches 50 per cent AF substitution rate, UK
Lafarge Cement’s Cauldon Works has received recognition for its industry leading sustainability achievements which have seen it reach a 50 per cent reduction in reliance on fos...
Siam Cement’s board approves investment budget, Thailand
Thailand’s leading industrial conglomerate Siam Cement Group said its board has approved plans to invest about THB150-200bn (US$4.8-6.4bn) over the 2013-17 period. Most of t...
Taiwan Cement to invest in strengthening position in China
Taiwan Cement Co (TCC) is to invest TWD9bn (US$300m) annually over three years in China to achieve a production capacity of 100Mta by 2016, according to the company’s head. ...
Lafarge Republic signs fly ash supply deal, Philippines
Lafarge Republic has signed a deal with the provincial government of Bataan and GNPower Mariveles Coal Plant Co to buy fly ash to be produced at the latter’s 600MW power plant....
Sanghi Industries swings to full year profit, India
India-based cement producer Sanghi Industries Ltd reported a net profit in fiscal year 2011-12 compared to a loss in the previous year as margins and sales improve in the fourt...
Clal Industries to expand power plant capacity
Clal Industries and Investments, controlled by Len Blavatnik, subsidiary Mashav Initiation and Development Ltd, is to expand capacity at its private power station which provide...
Tangshan Jidong Cement majority shareholder increases stake, China
Tangshan Jidong Cement announced that its controlling shareholder, Jidong Development Group Co Ltd, has acquired a combined 14.01m shares, ore a 1.04 per cent stake in the comp...
Vietnam Jan-Aug production falls YoY
Vietnam is estimated to have produced 36.9Mt of cement in the first eight months of this year, a fall of 5.7 per cent from the same period of last year, according to the Genera...
Improved outlook for Omani cement companies
Oman cement companies are set for brighter times ahead as inflows of cheap cement from the UAE decline and demand picks up both in the UAE and the sultanate, according to a rep...
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