Gansu Qilianshan hit by declining prices, China
Gansu Qilianshan Cement Group Co said that its net profit attributable to shareholders plunged 89 per cent YoY to CNY26.49m (US$4.2m) in the first half of this year due to a sh...
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Vinaconex sells 8M shares of cement producer
Vietnam Construction and Import-Export JS Corporation or Vinaconex (VCG) sold eight million shares of Yen Binh Cement JSC on July 26. The decision was made because VCG is rest...
Indian cement prices ease
Indian cement prices have started to ease over the past two weeks, declining by an average of two per cent, according to reports in the Business Standard of India. Markets h...
Bolivian first-half sales rise 10.62 per cent
In the first half of this year, Bolivian sales increased by 10.62 per cent compared to the same period of 2011 and manufacturers expect demand will continue to rise. Accord...
USA May shipments rise 15.9 per cent
Total shipments of Portland and blended cement in the United States and Puerto Rico for May 2012 were 7.5Mt – 15.9 per cent higher than shipments in May 2011. Shipments for the...
TCL doubles losses, Trinidad
Trinidad Cement Ltd (TCL) has doubled its posted a post-tax loss for the first six months of 2012 compared to the same period of last year. TCL’s loss in the period from Ja...
West China Cement denies fraud claim
Shares in mainland cement maker West China Cement were suspended from trading at the company's request yesterday, following the release of an analyst's report alleging the comp...
Independents struggle under southern excess capacity, India
Two years of flat growth in south India has pushed independent cement firms to seek buyers, according to a report in the Times of India. After news of Sree Jayajothi Cements l...
Pakistan government urged to facilitate exports
The Islamabad Chamber of Commerce and Industry (ICCI) has said that Non-Tariff Barriers (NTB) are hampering cement exports and has urged the government to explore new markets f...
GCC first-quarter revenues rise
GCC cement companies witnessed a 24.3 per cent increase in revenues in the first quarter, reaching US$1.26bn (AED4.62bn) as construction picked up in certain parts of the regio...
Vicat first-half 2012 turnover eases
France-based Vicat's first half performance improved strongly in Asia but results have mainly deteriorated elsewhere. Turnover for the six months to June 2012 eased by 1.5 per...
CRH confirms Jaiprakash talks for Gujarat unit
CRH plc announces that it has entered negotiations with Jaypee Cement Corporation (Jaypee) that may lead to the purchase by CRH of an equity stake in Jaypee’s Gujarat cement bu...
Indian producers sign pact signed to support low-carbon cement investments
Indian cement majors, including ACC Ltd, Shree Cement Ltd and Ultratech, have signed a co-operation pact to support low-carbon investments in India, Business Line India report....
Tanzanian production costs seen coming down, competition to increase
Cement production costs in Tanzania are expected to decline in the near future due to falling energy costs and improved supply. A study entitled “Equity Research Cement Sector ...
Union Cement Company reverses loss, UAE
Union Cement Company, reported a rise in its net profit for the first six months of 2012 of US$5.6m, reversing the US$2.4m loss reported in 2011. The advance is attributed to...
Caribbean Cement outlook cautious
Caribbean Cement has cut losses by some 40 per cent to J$578.1m (US$6.5m) for the second quarter of the year and has outlined plans of a new supply contract but remains cautiou...
Jidong Cement set to sell debt financing instruments
Tangshan Jidong Cement Co plans to issue not more than CNY3bn (US$471m) debt financing instruments maturing in not more than three years in a non-public offering. Financing wil...
Fitch Ratings says outlook for Indian construction stable
Fitch Ratings says that the outlook for the Indian construction sector remains stable for 2H12, despite the continued unfavourable macroeconomic environment, as some of the ris...
Raysut books first half net profit, Oman
Raysut Cement, Oman's largest cement company by market value, said in a bourse filing yesterday it booked a profit of OMR10.5m (US$27.3m) in the first half of 2012, up 38 per c...
Kuwait Portland Cement net profit surges
Cement trader Kuwait Portland Cement said in a bourse statement yesterday its net profit surged to KWD4.74m (US$16.8m) in the first half of 2012 from KWD1.11m a year ago. The ...
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