Adelaide Brighton sees improved outlook, Australia
Australian building materials producer Adelaide Brighton has lifted its first-half net profit by nearly 10 per cent and indicated a modest rise in annual earnings. Net profi...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Peru dispatches rise 16.5%
Shipments of cement in the Peruvian market totaled 5.2Mt between January and July 2012, a 16.53 per cent increase over the figure recorded in the same period in 2011 (4.48Mt), ...
Cement Corporation plans to set up Assam grinding unit, India
Cement Corporation of India is planning to set up an 82,500tpa cement grinding unit in Assam. "Cement Corporation of India (CCI) proposes to establish a cement grinding unit...
Cemex Kosmos seeks to increase alternative fuels usage
Cemex’s Kosmos plant in Louisville, USA, is seeking permission to blend scrap plastic and wood to fuel its kiln, according to public officials. The company already has approval...
Indian prices seen declining
Cement prices in July have declined in most Indian states. A drop has been recorded in Andhra Pradesh where a 50kg bag of cement was down by about INR20-25, meanwhile in Hydera...
West China Cement net profit drops 65%, China
West China Cement has reported a 65 per cent drop in first-half profit as selling prices declined and production costs increased. Net income dropped to CNY138.5m (US$23m) fro...
Lucky Cement domestic sales boost full-year profit, Pakistan
Lucky Cement reported a 71 per cent rise in full year net profit as domestic sales offset a decline in exports. Net income was PKR6.78bn (US$71.8m) in the 12 months ended 30...
FLSmidth acquires Decanter Machine, USA
FLSmidth has today signed an agreement to acquire the privately owned company Decanter Machine, Inc, a United States based manufacturer and supplier of centrifugal technology t...
Xinjiang Tianshan Cement 1Q net profit falls 68 per cent, China
Xinjiang Tianshan Cement Co Ltd, a cement and concrete manufacturer based in the Xinjiang Uygur Autonomous Region, announced net profit attributable to shareholders to reach CN...
Indocement gears up to meet rising demand, Indonesia
PT Indocement Tunggal Prakarsa has said it will continue to raise capacity to meet increasing domestic demand with three new factories planned to come on-stream by 2016. The ...
Egypt’s Misr Beni Suef earnings edge higher, hit by power shortages
Misr Beni Suef Cement announced that net profit for the first half of 2012 reached EGP188m (US$31m) versus net profit of EGP155m in the same period of last year. Meanwhile, ...
ACC sees Indian demand rising 10 per cent YoY, India
Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices...
UltraTech Cement plans to raise INR2.5bn rupees via bonds
India's UltraTech Cement is planning to raise INR2.5bn (US$44.84m) through five-year bonds at 9.15 per cent, a source with direct knowledge of the deal said on Thursday. HSBC B...
Holcim net profit rises, streamlines group organisation
Holcim reported increased sales and improved prices in the first half of 2012, with better margins in the second quarter despite a challenging operating environment in Europe. ...
Life Insurance Corp trims stake in ACC, India
State-run Life Insurance Corporation (LIC) has sold 2.68 per cent stake in cement maker ACC for INR187.75 crore through open market operations. LIC had 10.51% stake (or 18.77...
CRH advances strongly in the Ukraine
CRH’s first half turnover improved by 5.2 per cent to €8,588m, but the EBITDA came off by 1.1 per cent to €568m. The better weather conditions in North America were offset by a...
Anhui Conch Cement reports 51% plunge in 1H profit
Anhui Conch Cement announced yesterday that its net profit in the first half fell 51.33% YoY to CNY2.92bn (US$462m) under Chinese accounting rules, due to sharp declines in cem...
New order for ABB from Century Cement, India
ABB has won an order worth US$18m in India to design, engineer and supply integrated automation and modern electrification systems for Century Cement’s Manikgarh Cement plant i...
New plant set to begin operation, Angola
The new Cimenfort factory, owned by the Genea Angola Group, will come into operation on the 22nd August 2012 in the municipality of Catumbela, Benguela Province, according to a...
Essroc officially opens rail project, USA
Essroc Cement’s plant in Martinsburg, West Virginia, has celebrated the completion of a US$10m railroad spur project that is expected to help a cement producer ship thousands o...
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