JK Lakshmi capacity to reach 8.5Mta by end-2013, India
JK Lakshmi Cement Ltd's capacity is expected to rise to 8.5Mt by end-2013 from 4.7Mt currently, Whole-time Director Shailendra Chouksey said at a conference organised to announ...
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ABG Group wins Azhikkal port cement terminal project, India
The construction of cement terminal at the Azhikkal port, North Kerala, will be awarded to Mumbai-based ABG Group, the Times of India reports. ABG Group was the sole bidder ...
Qatar consumption seen rising at a CAGR 15% to 2015
Cement consumption in Qatar will grow at a compound annual growth rate (CAGR) of 12% up to 2015, according to a report by Commercialbank Capital. Qatar’s current production ...
CRH transfers Secil shares to Semapa, Portugal
CRH has transferred its 49% shareholding in Secil, the Portuguese cement producer, to Semapa, its former joint venture partner, the Irish-based building materials company said ...
Votorantim first-quarter driven by Brazilian housing and infrastructure
Votorantim Industrial reported that first-quarter revenues increased for all businesses YoY, except for pulp, supported by business focused on the Brazilian market, mainly driv...
India and Russia projects boost KHD first-quarter revenue
In the first three months of 2012, KHD generated revenue of EUR48.8m, which was primarily the result of projects in India and Russia. Revenue declined by 16.9% in a YoY compari...
Improved prices help raise Shree Cement’s quarterly profit, India
Shree Cement, which has a strong presence in the North India market, reported an increase in net profit of INR11.28 crore for the fourth-quarter of FY11-12 (ending March 2012) ...
‘Stranded’ Indians in Angola being brought back – report
Indian workers allegedly held captive in a cement factory near Sumbe town of Angola in Africa are safe and those willing to return home are being brought back, Khaleej Times re...
Merrill Lynch increases stake in Rain Commodities, India
Hong Kong-based Merrill Lynch Capital Markets Esparia on Tuesday announced acquiring 90,000 shares of Rain Commodities, the Economic Times of India reports. The foreign fund h...
Peru 4M12 shipments rise 13.62 per cent YoY
Shipments of cement in the Peruvian market totaled 2.89Mt between January and April 2012, a 13.62 per cent increase YoY, reported the Association Cement Producers (Asocem). A p...
Saudi Cement delays kiln starts until 3Q12
Further to Saudi Cement Company announcement in February 2012 regarding re-operating of Kiln No. 6 with 4000tpd of clinker capacity, and also the re-operating of three old kiln...
FLSmidth affirms 2012 outlook
FLSmidth has affirmed its outlook for full-year 2012 as a strong order intake in 1Q confirms growth expectations and positive outlook. For the first three months of 2012, F...
KKS Cement Factory to resume operations, Sri Lanka
THe Kankesanthurei Cement Factory (KKS), Sri Lanka’s oldest cement plant, will resume operations before year-end under a programme to revive state ventures, according to Dr Wil...
Camargo Correa rejects Cimpor proposal as ‘unrealistic’
Brazilian conglomerate Camargo Correa has rejected Cimpor management's counter-proposal for a merger with Camargo's cement unit, saying it was "unrealistic,” Reuters reports. ...
Athi River Mining posts 17% first-quarter pretax profit
Kenya's Athi River Mining posted a 17 per cent rise in first-quarter net profit, helped by higher production and growing demand. Net income increased to KES258.2m (US$3.1m) in...
Infrastructure investments to secure steady annual growth of FDI to Africa
Scaling up regional infrastructure projects will facilitate intra- and inter-regional trade, create integrated energy markets through regional power pools, support water resour...
Abu Dhabi cement prices up 8.7%, UAE
Abu Dhabi issued its monthly report on the prices of building materials for the month of April 2012 issued by SCAD. As the report reveals, the average prices of several buildin...
Northern Pakistan market suffers slowdown
Construction activity in northern Pakistan has witnessed a sharp downturn resulting in a huge fall in both cement sales and prices, the Business Recorder reports. The slowdo...
Tamil Nadu government to invest in state plants, India
The Tamil Nadu government is to upgrade two of its cement plants with an investment of around of INR515 crore. The Business Standard of India reports that the state governme...
Holcim cost-cutting programme targets CHF1.5bn rise in operating profit
Holcim said on Monday it was launching a targeted cost-cutting programme aimed at increasing operating profit by at least CHF1.5bn (EUR1.2bn) by the end of 2014. CEO Bernard F...
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