Gresik first-half net profit rises, Indonesia
PT Semen Gresik said Friday its first-half net profit rose 12% to IDR2.10trn (US$221m) from IDR1.87 trillion a year earlier. Revenue for the January-June period rose to IDR8...
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Cementos Portland Valderivvas increases loss
Spanish cement producer Cementos Portland Valderrivas reported a loss of EUR48.6m for the first half of 2012, versus a loss of EUR5m from a year earlier. The negative perfor...
Vulcan looks for a much better second half
Vulcan Materials’ first half turnover improved by 3.4 per cent to US$1,230.0m, but the EBITDA was off by 0.9 per cent to US$145.1m. A fter a net interest charge 6.4 per cent lo...
Tasek second quarter earnings fall, Malaysia
Tasek Corp Bhd of Malaysia reported a 4.4 per cent fall in second quarter earnings to MYR23.13m (US$7.3m) from MYR24.21m a year ago. Revenues were flat at MYR139.73m compared...
Tvornica Cementa Kakanj forecasts 10-14% drop in in revenues, Bosnia
Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement expects to post a 10-14% drop in cement sales volume this year as conditions on the local market and the fal...
ACC reports 26 per cent net profit rise
ACC of India reported a rise of 26.33% in consolidated net profit to INR4.15bn for the quarter ended June 30, 2012 as compared to INR3.28bn in the same period last year. Total...
Hai Van Cement net profit rises 74%
Hai Van Cement JSC reported a net profit of VND3.6bn in the second quarter of 2012, up 74 per cent YoY, the firm said in its financial statements posted on the Hochiminh Stock ...
South Africa's PPC invests in Ethiopian cement firm
South Africa's Pretoria Portland Cement and a state investment body South Africa’s Industrial Development Corporation (IDC) have jointly secured a 47 per cent equity stake in t...
Sharp construction fall causes deepening UK recession
UK GDP figures from the Office of National Statistics (ONS) show that the UK’s recession deepened further in the second quarter of 2012, led predominantly by further sharp fall...
Cementir expects a better second half from Turkey
Cementir's first half turnover improved by 2.6% to €462.5m, with improvements in the Nordic area, the Far East and Egypt, being partially offset by weaker numbers in Italy and ...
Cementos Lima and Cementos Andino to merge, Peru
Peruvian cement producers Cementos Lima and Cemento Andino are to merge into a single company, the company’s said in a joint statement. Shareholders from both producers on T...
Cementos Portland to cut 250 jobs, Spain
Spanish cement producer Cementos Portland Valderrivas is to cut 250 jobs throughout its Spanish operations after the summer and will temporarily halt production of plants in th...
Sibirsky Cement 2011 net profit almost doubles, Russia
Sibirsky Cement’s net profit almost doubled to RUB1.4bn (US$42.9m) in 2011 from around RUB700m in 2010, as calculated in accordance with International Financial Reporting Stand...
Siam Cement plans Indonesian investment
Siam Cement PCL, Thailand's largest conglomerate, has announced plans to invest around THB10bn (US$315m) to build a cement plant in Indonesia, President and Chief Executive Kan...
Lafarge Exshaw project heading for approval, Canada
The proposed Lafarge Canada cement plant expansion application for Exshaw will go back to the Municipal District of Bighorn's planning commission today after being tabled last ...
Pakistan cement exporters earn US$499m in FY2011-12
Pakistan cement manufacturer and exporters during FY2011-12 (July-June) exported 8.257Mt of cement and earned US$498.909m compared to 9.299Mt at US$457.448m in corresponding pe...
Athi River Mining pretax profit rises 24%
Kenya’s Athi River Mining posted a 24 per cent rise in first-half pretax profit thanks to increased cement sales. The country’s second-largest cement producer, behind Bambur...
Holcim could face 20% fine, Brazil
Holcim may be issued with a fine this year for price fixing practices in Brazil, a third less than the maximum that was expected, BusinessWeek reports. Brazil’s antitrust re...
Arat Cement net loss, Armenia
Armenian cement producer Arat Cement reported a net loss of AMD1.079bn (US$2.6m) compared to net profit of AMD521m in 2010. According to local press reports, the company is id...
Titan America challenges air permit appeals, USA
Titan America has filed a motion to dismiss parts of the pending legal challenge against their proposed Castle Hayne cement plant air permit, according to local press reports. ...
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