South Africa’s first-quarter sales rise 6.7%
South African cement sales rose 6.7 per cent YoY in the first quarter of 2012 to 2.64Mt, data by the Cement and Concrete Association (C&CI) showed. Average daily sales for th...
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Siam Cement to review capex plans, Thailand
Thai conglomerate Siam Cement Group (SCG) is reviewing its THB150bn, five-year investment plan in light of the effects of Europe’s sovereign debt crisis, the Bangkok Post repor...
Sichuan Shuangma Cement in private placement, China
Sichuan Shuangma Cement Co Ltd, a Shenzhen-listed producer and distributor of cement, said on 2 July 2012 that it plans to issue no more than 121 million shares to 10 designate...
Republic Cement Corp changes name, Philippines
In a disclosure to the Philippine Stock Exchange on Tuesday, Republic Cement Corporation changed its corporate name to Lafarge Republic Incorporated. Also, as part of their by-...
Sri Lanka post-war reconstruction spurs cement demand
Tokyo Cement, a Sri Lankan-Japanese joint venture says that cement demand in the country is being spurred by large-scale government infrastructure projects related to post-war ...
Sinoma Intl warns of 30-50 per cent drop in 1H net profit
Sinoma International Ltd announced yesterday that it expected its net profit to drop 30-50 per cent YoY in the first half of this year. In the first six months of 2011, the c...
CRH first-half development spend EUR0.25bn
CRH plc has completed 18 acquisition and investment initiatives undertaken during the first-half of 2012. The 18 transactions, comprising five in Europe and 13 in the Americas,...
Holcim Indian cement interests see modest YoY gains
Holcim’s Indian cement companies, ACC and Ambuja Cements have reported modest rises in June shipments and production in June. ACC said shipments in June reached 1.96Mt, up 2....
Lafarge places seven-year EUR500m bond
Lafarge placed today, under its Euro Medium-Term Note program, a EUR500m bond with a seven year maturity and fixed annual coupon of 5.875% to institutional investors. While L...
2Q demand waivers for product manufacturers, UK
The UK's Construction Products Association’s (CPA) latest State of Trade Survey indicates that, following a relatively good first quarter of the year, product manufacturers suf...
Defending profitability key for European companies
Fitch Ratings says that the ability to defend profitability in emerging countries is the most critical issue for the rating of the European cement companies rated by the agency...
UAE sees brighter long-term prospects
The long-term prospects for the UAE cement industry are bright due to growth in investment in infrastructure in the UAE, GCC and key foreign markets, the latest study by Dubai ...
Lucky Cement supplies electricity to HESCO, Pakistan
Pakistan-based producer Lucky Cement has started supplying excess electricity generated from its power generation plants to a domestic electricity distribution company. Luck...
Suez Cement delays new lines, Egypt
Egypt-based Suez Cement has delayed a EGP1.5bn (US$248m) capacity expansion, Al Alam Al Youm reported, citing Managing Director Bruno Carrea. The company has postponed addit...
Semen Baturaja plans IPO in November, Indonesia
State-owned Semen Baturaja plans to float shares on the Indonesian Stock Exchange in November, according to president director Pamudji Rahardjo. Speaking to the Jakarta Glob...
Sri Lanka's CCA siezes outdated cement
The Consumer Affairs Authority (CAA) of Sri Lanka has seized a stock of cement that expired early this month, according to local press reports. The CAA reportedly raided the s...
Gansu Qilianshan Cement issues profit warning
Gansu Qilianshan Cement Group expected its first-half net profit to fall at least 50 per cent YoY and follows warnings from other industry peers. According to reports in Chi...
CEMBUREAU welcomes new CEO
Koen Coppenholle has become the the new Chief Executive of CEMBUREAU, taking over from Jean-Marie Chandelle who retired at the end of June. “I will ensure that the voice of...
New order for Fritz & Macziol Asia from Holcim, Philippines
Fritz & Macziol Asia, Inc in Manila was recently awarded with the implementation of Fritz & Macziol’s dispatch and logistics solution VAS® in all four Holcim cement plants and ...
Fitch migrates Binani Cement to non-monitored, India
Fitch Ratings has migrated India-based Binani Cement Limited's (BCL) National Long-Term 'Fitch A(ind)' rating with a Negative Outlook to the non-monitored category. This rating...
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