Cement Co of Northern Nigeria reports 48% drop in quarterly profit
Cement Company of Northern Nigeria Plc has reported a 48 per cent drop in first-quarter profit. Net income for the three months through March declined to NGN268m (US$1.7m) fro...
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Valderivvas presents restructuring plans to unions, Spain
Spanish cement producer Cementos Portland Valderrivas has presented its restructuring plan to trade unions which involves the part-closure of one plant. The company announced...
Misr Beni Suef two week gas stoppage to plant, Egypt
Misr Beni Suef Cement announced that gas supplies to its plant stopped for 15 days during the period from 16 June 2012 to 30 June 2012. The company added in a release sent t...
Madras Cements boosts grinding and power generation capacity
India-based producer Madras Cements is currently in the process of increasing grinding capacity at two of its cement works while two power generation projects are set to become...
Holcim inaugurates new Garadagh line, Azerbaijan
President Ilham Aliyev of Azerbaijan has attended the official inauguration of Holcim’s new dry-process line at its Garadagh cement plant in Baku. The new 1.7Mta kiln rep...
Dangote to be issued with Zambian mining licence, Zambia
An advisory committee set up by the Zambian government is to meet within the next two weeks and issue a mining licence to Dangote Cement of Nigeria. The delay to the issuanc...
Shriram aims to raise Jayajothi Cements’ utilisation
Indian engineering company Shriram EPC, which earlier this year acquired a majority stake in Sree Jayajothi Cements, plans to raise the cement plant’s capacity utilisation to 1...
Sepahan Cement workers strike, Iran
A total of 700 workers from Sepahan Cement Company have entered their third day of strike action in protest against unfavourable legal and working conditions, according to loca...
Vietnam exports seen rising
Exports of cement and clinker are forecast to increase by 27 per cent this year compared to 2011, according to forecasts by the Vietnam Cement Association (VNCA). As as the ...
Pakistan cuts Indian cement export prices
Pakistan cement producers have cut export prices for India by 13 per cent due to currency movements. The Business Recorder of Pakistan reports that due to the depreciation o...
Tianshan Cement forecasts 60-80% drop in 1H profits
Xinjiang Tianshan Cement Co Ltd said last Friday that its net profit fell 60-80 per cent to CNY120m (US$18.8m) in the first half of this year. The company, which is based in t...
Oskolcement increases 1H shipments by 6.1%
Russia-based producer Oskolcement has reported shipments of 1.5Mt for the first six months of 2012, representing a YoY increase of 6.1 per cent. In terms of distribution, th...
Cimpor shareholders approve dividend proposal, Portugal
Cimpor shareholders today approved a proposal for the company to pay a dividend of EUR16.6/share, said an official at Cimpor who asked not to be named in line with company poli...
Indonesian president set to inaugurate new Gresik plant
Indonesia President Susilo Bambang Yudhoyono is scheduled to inaugurate? PT Semen Tonasa's V cement plant in South Sulawesi, on August 31, 2012. President Director of PT ...
Lafarge Republic sees increased market growth, Philippines
Having witnessed flat YoY sales in 2011, Lafarge Republic (formerly Republic Cement Corp) has said it expects market growth to accelerate on the back of increased government sp...
Tianshan Cement forecasts CNY120m in 1H net profit
Xinjiang Tianshan Cement Co Ltd, a cement producer based in Xinjiang Uyghur Autonomous Region, forecasted on July 6th that its net profit will reach about CNY120m (US$18.8m) in...
Citigroup lowers Italcementi price target, Italy
Citigroup has lowered its price target on Italcementi to EUR3.60 from EUR4.10, after cutting by 15% the pre-tax profit estimates for the Italian cement producer in 2012 and 201...
Hanson Cement inquiry cost nearly GBP500,000, UK
An inquiry into health concerns at Hanson Cement’s Padeswood plant in Wales cost almost GPB500,000 (EUR630,000). Concerns by residents living near the cement works prompted ...
Siam Cement Group’s ASEAN focus
Siam Cement Group (SCG) has said it would spend more than half of its THB200bn investment budget for 2012-16 in the ASEAN region. Speaking to the Bangkok Post, SCG president...
Yanbu Cement 1H net profit rises four per cent, Saudi Arabia
Saudi Arabia-based Yanbu Cement said net profit for the first half of 2012 rose by 43.4 per cent YoY to SAR360m (US$96m). Earnings per share stood at SAR3.43, up from SAR2.39. ...
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