Dangote’s first quarter and full-year advances, Nigeria
Dangote Cement Plc on Wednesday released its results for the first quarter and also its financial year ending December 2011 to the Nigerian Stock Exchang. The company said 1Q r...
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Kuwait Cement 1Q net profit grows to US$18.3m
Kuwait Cement Company said in a bourse filing it booked a net profit of KWD5.1m (US$18.3m) for the three months ended March 31, 2012, up from KWD4.9m a year earlier. The cemen...
CRH to begin conciliatory talks, plans to increase China stake
Irish Cement, a subsidiary of CRH, will begin talks today with representatives of 100 workers who have been on strike for almost five weeks, the Irish Times reports. Staff at ...
Kercim to begin production in 2013
Newly established cement company, Kercim will complete the construction of its plant, in Montoir-de-Bretagne, western France, by the end of this year. Production will start at ...
Jiangxi Wannianqing gets private placement approval
Jiangxi Wannianqing Cement Co Ltd, a Jiangxi Province-based producer of cement and clinker, announced on May 7th that it was approved by China Securities Regulatory Commission ...
Europe holds back Holcim
Holcim’s first quarter turnover improved by 2.2% to CHF4,760m (€3,922m), which represents an increase of 7.1% on a comparable basis and measured in euros the turnover advanced ...
CRH is ahead in America but suffered from adverse weather in Europe
CRH's underlying sales improved by about 2% during the first four months of the year, with North America benefiting from comparatively favourable weather conditions, while the ...
Brazil contributes 44% of Cimpor’s EBITDA
Cimpor’s first quarter turnover declined by 4.9% to €521.2m and the EBITDA came off by 10.2% to €128m. A further 7.5% reduction in depreciation and provision charges to €49.7m ...
Tanzanian Portland cement sees increased demand
Tanzania Portland Cement Co (TPCC), a unit of HeidelbergCement, reported a rise in full year 2011 net profit and sees cement demand continuing to rise as it prepares to bring n...
Lafarge WAPCO first-quarter rise, Nigeria
Lafarge WAPCO posted a turnover of NGN22.6bn (US$143.7m) in the first quarter of 2012, up from NGN14.198bn YoY, representing growth of 59 per cent above the 2011 figures. Profi...
Huaxin Cement to issue CNY2bn bonds, China
China's Huaxin Cement Co is planning to sell CNY2bn (US$317m) of bonds to fund the expansion of its business, a source familiar with the deal said Wednesday. The source said t...
Indocement to invest US$109m on expansion
PT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, is to spend more than IDR1trn (US$109m) this year on expansion, according to reports in the Jakarta Post. ...
Steppe Cement sees continued improvement in Kazakhstan market
Kazakhstan-based cement producer Steppe Cement said that in 2011, sales continued to improve on the back of the cement market recovery which commenced in the second half of 200...
Italian and French winters disrupt Italcementi first-quarter
Italcementi’s first quarter turnover declined by 6.8% to €1071.7m, but the running EBITDA was only off by 3.1% to €126.7m. The trading profit, however, fell by 41.4% to €21.3m ...
Stronger sales boost Siam City 1Q net profit, Thailand
Siam City Cement Plc (SCCC) reported a 14.6% YoY increase in net profit, up to THB1.28bn for the first quarter on the back of strong domestic cement consumption, the Bangkok Po...
Camargo says Votorantim to likely exchange Cimpor stake - report
Camargo Correa SA said Votorantim Cimentos SA will probably accept some of Cimpor assets in exchange for its shares in the Portuguese company after rejecting a cash bid, Bloomb...
Ivano-Frankivskcement reports 2011 net profit, Ukraine
Ukrainian cement producer Ivano-Frankivskcement achieved a net profit in 2011 of UAH6.039m (EUR0.58m), according to local press reports. Net revenue increased by 23.73% or UAH...
Semen Bosowa begins construction of East Java plant, Indonesia
PT Semen Bosowa has started the construction of its 1.2Mta cement factory in East Java with a groundbreaking ceremony in the presence of Indonesia’s Industry Minister MS Hidaya...
Algeria state-owned production targets
Cement production by 12 state-owned cement works under Algeria’s industrial cement group, GICA, is expected to reach 29Mt by 2020, according to the CEO of Centre of Research an...
Argentine April shipments decline
Argentine shipments (including exports) in April 2012 fell 17.9% from the previous month to 798,513t, data from the Argentine cement association, AFCP, shows. Compared to April...
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