Qassim Cement net profit rises, Saudi Arabia
Saudi cement producer Qassim Cement Co (QCC) posted a SAR158.4m (US$42.2m) net profit for the first quarter of 2012 up from SAR147.2m a year ago. The company attributed the inc...
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UltraTech Cement reports rise in May dispatches
UltraTech Cement Ltd dispatched 3.59Mt of cement in May, up 10.6 per cent YoY, according to a company statement. Dispatches higher than the 3.2Mt recorded in April. The count...
New order for Loesche, Argentina
The Loma Negra cement factory Barker is situated close to city of Tandil in the province Buenos Aires in Argentina. For their project Barker Coal, InterCement - Loma Negra Cia....
Pakistan cement industry pins hopes on Federal Budget 2012-13
The Pakistan cement industry has surplus capacity and the key factors hindering overall production capacity are rises in energy and the demand and supply mechanism, says the pr...
Lafarge Cement revises full-year revenue target upwards, Zimbabwe
Rising cement demand in the Zimbabwe market has resulted to Lafarge Cement Co upgrading its revenue forecast for full year 2012 to US$62m, from an initial forecast of US$60m. ...
Cementos Molins to cut investments in 2012, Spain
Spanish cement company Cementos Molins will cut its investments in 2012 to EUR80m from EUR120m. With the move, the firm is trying to reduce its debt, standing at almost EUR400...
Caribbean Cement Company price hiked 9.2%
Caribbean Cement Company Limited has increased the price of bagged cement by 9.2 per cent, according to reports in the Jamaican Gleaner. Effective today, June 1, the ex-factor...
Cemex to supply large Qingdao urban complex, China
Cemex announced today that it is supplying nearly 60,000m3 of ready-mix concrete for the first stage construction of what is expected to be the largest urban complex in the Chi...
Jaiprakash Associates 4Q profit down 7%, India
Jaiprakash Associates Ltd, part of the Jaypee Group, reported a decline in its net profit for the fourth-quarter, despite higher income from cement and cement products. Net pr...
Vietnam facing 6Mt surplus by year-end
Vietnam is projected to face a surplus of 6Mt of cement this year, the Vietnam Cement Association (VNCA) said. Domestic output is expected to reach between 60-62Mt, outstrip...
New cement plant opened in Azerbaijan
President Ilham Aliyev of Azerbaijan has opened a new cement plant in Nakhchivan Autonomous Republic. The 800tpd cement plant by LLC Nakhchivan Cement will serve domestic requi...
RAM Ratings reaffirms ratings of Lafarge Malayan’s Islamic debt facility
RAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malayan Cement Berhad's MYR350m Islamic Securities Programme (2010/2017), at AA2 and P1; the l...
Holidays make for cool start to the past week
Rates in the Atlantic generally fell in the larger vessel sizes but Handysize charters firmed during the past fortnight. In the Pacific, a similar trend was noted although the H...
Haver & Boecker acquires Newtec Bag Palletizing
Haver & Boecker Holding GmbH has taken full control of Newtec Bag Palletizing by acquiring 100 per cent of its shares from the Newtec International Group SA. Newtec Bag Pallet...
Usje Cementarnica 1Q net profit falls 47%, Macedonia
Macedonian cement producer Usje Cementarnica said its consolidated net profit fell 47 per cent YoY to MKD101.8m (EUR1.6m) in the first quarter of 2012. Operating income fell...
Southern Province Cements signs contract with Sinoma for Line No 3
Southern Province Cement (SPC) and Chinese engineering company Sinoma have signed a SAR707m (US$188m) contract for the installation of a third new line at SPC’s plant in Tuhama...
Philippine cement prices edge towards peak levels
Philippine cement prices are edging up to highs last seen in 2010 of PHP215-220/40kg bag due to higher input costs and increasing demand. Data from the Philippine Department...
Lafarge Malayan revenue rises 7%, Malaysia
Lafarge Malayan’s revenue for 1QFY12 rose by 7% YoY to MYR644m due to higher output during the quarter (+1% nationwide in January and February 2012) and selling prices (+4% YoY...
Angel Broking neutral on Madras Cements, India
Angel Broking has maintained neutral rating on Madras Cements , in its May 24, 2012 research report. “For 4QFY2012, Madras Cements posted 55.5% YoY growth in its net profit to...
Dangote Cement new Zambia plant facing delays
Construction of Dangote Cement’s US$500m cement plant in Masaiti District, Zambia, has suffered a setback following delays by the government in issuing a mining license. Spe...
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