Siam Cement posts 43% drop in quarterly profit, Thailand
Thai conglomerate Siam Cement posted a 43 per cent fall in quarterly profit due to weak demand and a drop in the value of its petrochemical inventories. During the April-June ...
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Vicem pretax profit rises 72.2%
Vietnam Cement Industry Corporation (Vicem) reported a pretax profit of VND333bn (US$15.91m) in the first half of this year, rising 72.7 per cent YoY, meeting 44.3 per cent of...
Cemex creditors agree to US$421m new notes swap
Cemex said on Tuesday that creditors had so far agreed to swap debt holdings for US$421m of new high-yield notes as part of its plan to refinance its debt burden. Reuters repo...
Malaysian price hike on the cards
Speculation is rising that cement prices in Malaysia will rise, however, industry sources are unsure whether will actually transpire. Ching Liong Building Materials Distribu...
Tongli Cement reports 8.61% increase in 1H12 net profit
Henan Tongli Cement Co said that its net profit rose 8.61% YoY to CNY97m (US$15.2m) in the first half of 2012, with basic earnings per share of CNY0.3. Meanwhile the compan...
JP Morgan downgrades UltraTech Cement, India
JP Morgan downgrades UltraTech stock to "underweight" from "neutral" citing "stretched" valuations. JP Morgan says Ultratech, India's leading cement producer, is trading at 10...
FLSmidth falls on weaker China outlook
FLSmidth & Co fell the most in eight weeks in Copenhagen on the outlook for slowing demand for its products as China’s expansion cools, according to Bloomberg reports. The s...
Lagos state agrees deal with Lafarge and Dangote
The Lagos State Government has signed a new deal with Dangote Cement Plc and Lafarge Cement WAPCO Plc to ensure undisrupted cement supplies to construction firms contracted to ...
Siam City revises 2012 demand forecast upwards
Siam City Cement, part of the Holcim group, has revised upwards its 2012 cement consumption outlook to six per cent due to good economic growth and the expected launch of gover...
UltraTech Cement acquisition, India
India’s number one cement producer UltraTech Cement announced on Tuesday it has signed an agreement with the shareholders of Gotan Lime Stone Khanij Udyog (GKUPL) to acquire 10...
China Tianrui Group considers bond sale
China Tianrui Group Cement Co is considering selling a three-year offshore yuan bond, known as a dim sum bond, a source disclosed to Dow Jones. The cement producer, which op...
US operations boost Cemex’s second quarter results
Cemex has reported its highest quarterly EBITDA since the third quarter of 2009 as a pick-up in US operations helps to offset declines in Europe and Mexico. Net sales reache...
BBMG Corp expects 1Q net profit drop, China
BBMG Corp expects its net profit to fall 12.75 per cent in the first half of 2012 to CNY1.43bn (US$223.9m) due to declining cement prices amid weak demand. The company’s ope...
Gresik market share slips, Indonesia
PT Semen Gresik has lost market share in the first half of this year due to production growth being slower than increases in Indonesian consumption. In the first half of th...
Higher sales and prices boost UltraTech first quarter
India’s leading cement producer UltraTech Cement has reported a 14 per cent rise in net profit for the first quarter of the current fiscal (1QFY13) thanks to higher sales and i...
Cementos Lima reports 8.8% drop in 2Q net income
Peru’s largest cement producer Cementos Lima has reported a fall of 8.8 per cent YoY in second quarter net income to PEN53.6m (US$20.3m). Revenue for the quarter was PEN293m co...
Sancim Cement to build new plant in Adana, Turkey
Sancim Cement is to build a new cement plant in Adana, southern Turkey, according to daily Milliyet. The plant will be able to produce 1.7Mta of clinker and 2Mta cement and th...
Vietnam cement prices drop on weak demand
The price of cement in Vietnam has dropped to VND100,000/t (US$4.8) in the first half of 2012 due to low demand and high stockpiles, according to the Vietnam Cement Association...
Concerns over Nepal cement factory closure, Nepal
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has expressed concern over the closure of Arghakhanchi Cement’s mine situated at Narpani, Arghakhanchi dis...
India: mergers and acquisitions ahead?
CRH has reportedly emerged as the latest company to enter the foray for a stake in Jaiprakash Associates' cement units in the Indian states of Gujarat and Andhra Pradesh, which...
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