China: first half profit concerns
With disappointing economic data emanating from China recently, a number of domestic cement producers have issued profit warnings for the first half of 2012 of between 30-50 pe...
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Siam Cement faces 2Q net profit drop
Siam Cement is expected to report a fall in net profit for the second quarter hurt by weak results of its core petrochemical business. Citigroup forecast Siam's net profit t...
Pakistan’s full-year domestic dispatches rise 8.84%
Pakistan has closed fiscal year 2011-12 (FY11-12) with an 8.84 per cent YoY rise in local dispatches, however exports for the year have seen their third successive year of decl...
Anhui Conch to issue corporate bonds, China
Anhui Conch Cement said on Wednesday that its board of directors has approved its plan to issue up to CNY6bn worth of corporate bonds with a maturity of no more than 10 years. ...
L&T files for arbitration proceedings against Zuari Cement, India
Engineering and construction company Larsen & Toubro (L&T) has filed for arbitration proceedings against Zuari Cement, a fully-owned subsidiary of Italcementi, to claim INR188....
Swiss second quarter deliveries fall
In the second quarter of 2012, Swiss deliveries fell by 3.2 per cent when compared with the previous year, figures from local cement association Cemsuisse show. Deliveries...
Control of Bekabadcement transferred, Uzbekistan
Control over producer Bekabadcement has been transferred from industrial holding United Cement Group (UCG) to the Uzbek State Committee for State Property Management, a regio...
Thang Long Cement sales reach 1.3Mt in 1H12
Vietnam-based producer Thang Long Cement JSC sold almost 1.3Mt of clinker and cement in the first six months, Thanh Nien reports. The firm has exported over 5000t of cement to ...
Freight rates firm up after initial dip
Selected freight market trends 20.06-04.07.2012 The Pacific Handysize market has seen increased activity over the past fortnight with Pacific RV prices firming from...
Brazil competition authority approves Camargo purchase of Cimpor
Brazil’s competition authority CADE has approved Camargo Correa’s purchase of a controlling stake in Portuguese cement producer Cimpor, subject to several conditions. The ma...
Cementir entering Britain
The Italian cement and aggregates group Cementir is entering the British market – not in cement or aggregates, but in waste management through its Turkish subsidiary Recydia. I...
Egypt set to resume cement license programme
The Egyptian government is to start resuming its cement licensing programme to attract investment, particularly foreign interest, according to an official at the Ministry of Fi...
Argentina’s June shipments rise MoM
During June 2012, Argentina shipped 906,263t of cement, including exports, representing an increase of 1.9 per cent compared to May 2012, data from the Asociación de Fabricante...
UBS initiates Italcementi with ‘Sell’
UBS has initiated Italcementi at sell with a target of EUR3.40, reports from Dow Jones show. UBS cites a negative view of the cement maker's core Italian market, underwhelming ...
Grupo Argos merges port assets
Grupo Argos has been authorised by its Board of Directors to merge its port assets with Muelles El Bosque Operador Portuario (MEBOP) and Terminal Marítima Muelles El Bosque. ...
Ohorongo Cement wins St Helena airport contract
Ohorongo Cement of Namibia has announced a three-year contract with contractors Basil Read to supply cement for the building of the St Helena Airport, according to local press ...
China Tianrui sees 1H net profit down 30%
China Tianrui Group Cement said it expects net profit to be down around 30 per cent for the first half of 2012 compared to the same period of last year. The company said tha...
Personnel change in the Supervisory Board of HeidelbergCement
Prof. Dr. Marion Weissenberger-Eibl has been appointed as a member of HeidelbergCement's Supervisory Board in the capacity of shareholder representative. She succeeds Dr.-Ing. ...
Standard & Poor's puts Cemex 'B-' rating on watch negative
Ratings agency Standard & Poor’s (S&P) may cut the credit rating on Cemex and its key operating subsidiaries following the cement major’s recently announced refinancing proposa...
Vietnam first-half output seen down
Vietnam produced 27.3Mt of cement in the first half of this year, down 5.9 per cent from a year earlier, the government’s General Statistics Office (GSO) showed. During June...
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