Najran Cement CEO resigns
Saudi cement producer Najran Cement said in a bourse filing yesterday that Ahmad Zuqeil had resigned from the position of CEO, effective August 31, according to reports by SeeN...
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Argentina July shipments edge ahead YoY
Argentina cement plants shipped 912,106t in July 2012 - including exports - a rise of 0.7 per cent from June but down two per cent from the same period a year ago. According...
Malabar Cements seeks thermal coal supply, India
Malabar Cements Ltd. is seeking to buy 12,000t of thermal coal, according to a document on its website.The state-owned cement maker based in Kerala is seeking coal with 5,500kc...
Credit Suisse: China materials sector outlook
With 1H12 earnings season ahead, Credit Suisse believes "surprises are more on the downside for the China material sectors." It expects a "deep loss" in the steel and aluminium...
India Cements 1Q net profit drops 39.2%
India Cements Ltd today said that it has reported a decline of 39.2 per cent in its net profit for the first quarter ended June 2012 at INR62.07 crore. The net profit of the ...
July sales rise six per cent YoY, Brazil
The latest preliminary data and market estimates from the Brazilian cement market show that domestic cement consumption in July 2012 reached 5.8Mt, up six per cent on the same ...
Kuwait Cement first half net profit rises
Kuwait Cement Company said in a bourse filing yesterday it booked a net profit of KWD8.84m (US$31.3m) for the six months ended June 30, 2012, slightly up from KWD8.69m a year e...
HSBC lifts Lafarge share price target, France
HSBC has lifted the share price target of Lafarge to EUR55 from EUR52 and reiterated its "overweight" recommendation. Analysts with HSBC revised up by three per cent their exp...
Indonesia’s July sales rise 9.9 per cent
Indonesia's domestic cement sales rose 9.9 per cent in July from a year ago, up from 9.5 per cent in June, data from the country's biggest cement firm PT Semen Gresik Tbk showe...
Fujairah Cement reverses loss, increases sales, UAE
Fujairah Cement reported increased sales in the six months to June 2012 of 16 per cent to US$$83.6m in the six months to June 30 and it reversed a $2.4m loss last year into a $...
Taiheiyo Cement falls 7% on weaker April-June operating profit
Shares in Taiheiyo Cement Corp opened lower Monday, weighed down by the firm's announcement on Friday that it recorded a JPY490m (US$6.3m) operating profit for the April-June q...
UK construction shrinks 10 per cent YoY
UK construction output figures for 2Q12, published by the Office of National Statistics (ONS) on Friday, confirm that nearly every sector of construction activity, from private...
Cochin port attracts import investments, India
Cochin port is emerging as a major cement import hub with Malabar Cements expressing interest in setting up a 1Mta facility and Zuari Cements finalising a 30-year deal with the...
Hilal Cement’s net profit drops, Kuwait
Hilal Cement’s net profit dropped to KWD 295,166 (US$1m) for the first half of 2012 from KWD808,427 a year earlier, the company said in a bourse filing. The company reported e...
Qatar National Cement issues tenders for new plant
Qatar National Cement Company has issued a tender for the construction of a new cement plant at its Umm Bab base According to reports in Construction Week, the company said th...
China Resources Cement 1H net down 69%
China Resources Cement said its profit attributable to owners dropped 68.9 per cent YoY to HK$635m (US$81.9m) for the six months ended 30 June 2012. Turnover was up 9.8 per c...
Middle East market developments
Cement producers in the Gulf Cooperation Council (GCC) nations witnessed a 24.3 per cent increase in revenues in the first quarter of 2012, reaching US$1.26bn (AED4.62bn) as co...
JK Cement reports YoY gains, India
JK Cement reported a healthy growth in earnings on the back of both higher volumes and realisations in the first quarter of the current fiscal. In the June 2012 quarter, the...
YenBai Cement posts second quarter loss, Vietnam
YenBai Cement and Minerals said it incurred a loss of VND5.69bn (US$271,000) in the second quarter of this year, marking its fifth consecutive quarter of losses Revenues decli...
Moody's: no immediate concerns for West China Cement from short seller's report
Moody's sees no immediate concerns for West China Cement from short seller's report. There is no pressure on its Ba3 corporate family and senior unsecured debt ratings. At the ...
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