Taiheiyo could surpass FY13 earnings outlook, Japan
Taiheiyo Cement’s president Shuji Fukuda has said the company’s earnings forecast for fiscal 2013 that was released in May could be on the conservative side as earthquake recon...
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Hail Cement widens loss, Saudi Arabia
Saudi Arabia-based cement company Hail Cement has increased its losses in the second quarter of 2012 to US$2.29m, up by 36 per cent from the US$1.68m it lost in the first quart...
Cementos Portland Valderrivas extends credit line, Spain
Cementos Portland Valderrivas has reached an agreement with its creditors to extend by end-July the maturity of a EUR-340m credit line, due to expire yesterday. The company has...
Daiwa cuts Shanshui Cement, China
Daiwa Research has lowered its price target for China Shanshui Cement to HK$4.2 from HK$8.7 and downgraded its stock from ‘outperform’ to ‘buy.’ Shanshui has revised down it...
Indonesia’s June sales rise 9.5 per cent
Indonesian cement consumption increased by 9.5 per cent to 4.5Mt in June 2012, data from PT Semen Gresik showed on Monday. Cement sales for the first half of 2012 were 25.9Mt w...
Ghacem to commission new mill by year-end, Ghana
Ghana’s leading cement producer Ghacem is to commission an additional 1Mta mill this year at its Tema Factory in November this year, according to the company’s managing directo...
Fujian Cement to report CNY85-88m 1H net loss, China
Fujian Cement Inc said it will suffer an CNY85-88m (US$13m-13.8m) net loss in the first half of 2012, compared with a net profit of CNY91.75m a year earlier, China Business New...
Peru’s domestic shipments see 15% first-half rise
Shipments of cement in the Peruvian market totaled 4,4Mt between January and June 2012, a 15 per cent increase over the figure recorded in the same period in 2011, when they to...
Deutsche Bank cuts Shanshui Cement forecast, China
Shanshui Cement has lowered its 2012 sales target for blended cement and clinker to 55Mt from 65Mt mainly due declining sales in Shandong, Deutsche Bank reported. The bank has ...
Southern Province Cement second-quarter profit rises, Saudi Arabia
Southern Province Cement (SPC) posted a 9.6 per cent increase in second quarter profit, Reuters reports. SPC achieved a net profit of US$69.86m during the quarter, up from U...
Macquarie lowers TCC Int’l price target, Taiwan
Investment bank Macquarie has lowered its target price for Taiwan Cement Company (TCC) International to HK$2.4 from HK$4.2, and maintained its "outperform" rating. The house c...
Assam cement producers cut prices, India
Cement producers in the northeastern Indian state of Assam have cut prices by 7-8 per cent per bag, according to reports in the Economic Times of India. The newspaper writes...
Coal India threatens to cut supplies to four UltraTech Cement power plants
Coal India has threatened to cut supplies to four of UltraTech Cement’s captive power plants located in the Indian states of Rajasthan, Chhattisgarh and Madhya Pradesh. DNA In...
US monthly shipments rise 17.5 per cent YoY
Total shipments of Portland and blended cement in the US and Puerto Rico for April 2012 were almost 6.7Mt, 17.5 per cent higher than shipments in April 2011, data from the US G...
Cemex to increase Mexican cement prices
Cemex announced that it is to increase cement prices in Mexico by an average of six per cent per bag as of today. The company said the hike, which was announced last week, i...
Steppe Cement first-half sales edge ahead, Kazakhstan
Kazakhstan-based cement producer Steppe Cement has reported a rise in cement sales for the first half of 2012 and sees domestic demand increasing by low double-digits for the f...
Saudi Cement net profit rises 26 per cent, Saudi Arabia
Saudi Cement posted a net profit of SAR290.2m (US$77.4m) for the second quarter, representing a rise of 36 per cent from a year earlier. The company attributed the rise to g...
HeidelbergCement’s debt reduction focus
HeidelbergCement plans to cut its debt by about 16 per cent to EUR6.5bn to boost its credit rating and share price according to reports in the Frankfurter Allgeemeine Sonntagzi...
Sichuan Shuangma expects first-half net loss, China
Sichuan Shuangma Cement said it expects to post a CNY10-15m (US$1.7m-2.4m) net loss in the first half of 2012 compared with a net profit of CNY89.91m for the same period of 201...
Holcim Malaysia calls for green building certification to be mandatory
Holcim Malaysia has called for green building certification to be made mandatory as it would create sustainable development in all sectors and ensure more responsible construct...
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