Buzzi Unicem: European weather partly offset by American advance
Buzzi Unicem’s turnover in the first quarter declined by 1.3% to €562.23m and the EBITDA dropped by 47.6% to €22.36m. The loss at the trading level rose by 87.3% to €34.14m. Ne...
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UK construction recession deeper than estimated
Latest data from the UK’s Office of National Statistics (ONS) show that construction output fell by 5% in the first quarter of 2012, considerably worse than the estimate of -3%...
India April output slows
India's cement production in April rose 9.5% on year to 15.99Mt, the Cement Manufacturers' Association said today. Output during April, however, was 11.1% lower than 17.99Mt pr...
Dangote 1H12 profit forecast, Nigeria
Nigeria-based producer Dangote Cement said net income for the six months through June will probably be NGN77.5bn (US$492.5m), according to reports from Bloomberg. Revenue is ...
Diamond Cement workers to resume production, Ghana
Diamond Cement Ghana Ltd (DCGL) will resume production at its Aflao plant by next week following a a three week shutdown due to power shortages. The power shortage occurred ...
Lucky Cement to receive approval for wind farm investment, Pakistan
Pakistan cement producer Lucky Cement is to set to receive approval at an extra-ordinary general meeting on 31 May for an investment in the associated company Yunus Energy Ltd ...
Indian workers held in Angola
Around 1200 men from across India working in Angola cannot return home as their travel documents have allegedly been held by the company for which they work. The workers wer...
Cement prices turning a corner?
While cement pricing power is generally strongest during the construction up-cycle, it has remained remarkably resilient in the recent downcycle, particularly when considering ...
Brazil four-month sales rise 12.7%
Domestic cement sales in Brazil for the first four months of 2012 reached 21.7Mt, up 12.7 per cent YoY, according to data from local association, Sindicato Nacional da Indústri...
EPA sends revised emissions rules for White House Review, USA
The US Enviornmental Protection Agency (EPA) has sent for White House Office of Management & Budget (OMB) review its proposed revisions to its emissions rules for the Portland ...
Citi cuts CNBM, Conch target price, China
Citi Group has cut the target price of Chinese players CNBM to Sell and Anhui Conch to Neutral and outlines the latter's latest moves in terms of suspended and new capacity. ...
Chettinad plans to delist, India
The promoters of Chettinad Cement Corporation are making a voluntary offer to the company's public shareholders to delist the shares from stock exchanges. The stock is curre...
Pikalyovsky Cement reports stable production in 4M12, Russia
Russia-based producer, Pikalyovsky Cement (part of the Eurocement Group) has reported stable production results for the first four months of 2012. The company, which holds a ...
Dangote plans London listing by 3Q13
Aliko Dangote said on Thursday he was aiming to list his US$11bn cement company on the London stock exchange by the third quarter of 2013. "If the market is good by next year...
Reconstruction efforts to boost operating profit, Japan
Taiheiyo Cement Corp and Sumitomo Osaka Cement are both expected to post their highest operating profit in five years in fiscal 2012 due to reconstruction demand from the March...
Concerns over price hikes, Trinidad & Tobago
The Trinidad and Tobago Manufacturers' Association has expressed concern of a 19-21 per cent rise in prices. The situation is affecting the TTMA's members and severely hamper...
First-quarter 2012 themes and trends
The first-quarter 2012 reporting season has seen a harsh winter dampen construction activity in Europe for the leading global cement majors but overall an improving tone has be...
Addoha Group to construct Cameroon plant
Morroco's leading home builder Addoha Group will start construction of a EUR20m (US$25.9m) cement plant this month in Cameroon's economic capital Douala, the company said on We...
West China acquisition of Fuping Cement positive – Moody’s
Moody's commented that West China Cement's (WCC) acquisition of Fuping Cement is credit positive for WCC (Ba3, negative). Fuping Cement owns a 2Mt cement production plant in ...
Vietnam four-month sales at 14.7Mt
Vietnam’s cement sales stood at 14.7Mt in the first four months of this year, fulfilling 26.8% of the whole-year target, including 4.73Mt in April. The country also produced ...
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