Fujian Cement reports marked rise in net profit, China
Fujian Cement recorded CNY124m (US$19.66m) in net profit last year, up a staggering 1434 per cent YoY, China Business Newswire citing the company’s annual report released in Ma...
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Colombian output and dispatches rise, uncertainties ahead
Colombian cement production and dispatches have continued to rise in the first two months of 2012, however, uncertainty exists over near-term forecasts as the La Niña weather e...
Holcim Philippines forecasts moderate 2012 growth
Holcim Philippines expects to achieve growth of 5-6 per cent this year, chief operations officer Roland van Wijen has said, following a challenging 2011. Last year the compa...
Indocement targets 30Mt production by 2017
PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, has outlined several expansion project which will lift the producer’s cement capacity to the 30Mt mark by 20...
Anhui Conch net profit up 87.8%, China
Anhui Conch announced an 87.8% rise in net profit YoY to CNY11.59bn (US$1.8bn) on the back of higher prices and sales. This figure was in line with the company’s guidance rele...
Dyckerhoff raises net profit 10-fold
The Buzzi Unicem subsidiary Dyckerhoff, which on a turnover 13.2% higher at €1,599.6m in 2011, increased its EBITDA by 33.1% to €291m while the net attributable profit rose mor...
Gebr Pfeiffer awarded new contract in Azerbaijan
Beijing Triumph Building Materials Engineering, part of the CNBM Group of China and acting as General Contractor for Norm LLC’s new cement line in Azerbaijan, has awarded Gebr ...
Holcim successfully completes share placement
Holcim Ltd has sold 5 million treasury shares at a price of CHF59.25 per share. The proceeds of CHF296m (EUR245m) will be used for general corporate purposes. ??The closing of ...
Cemex exchange offer reduces debt
Cemex announced the results of its five separate exchange offers made on a private placement basis to exchange currently outstanding Euro-denominated 4.75% As a result of the E...
TCC International reports 38% rise in revenues
TCC International Holdings Limited together with its subsidiaries reported a 38.6 per cent rise in revenues on the back of exceptionally strong demand during the low season in ...
GCC's 2011 revenues up 14.2% YoY
Revenues of GCC cement companies increased to US$4.6bn in 2011 from US$4bn in the previous year, a 14.2 per cent rise, a report by Global Investment House (GIH) said. Net prof...
China Shanshui revenues rise 42%, China
China Shanshui Cement Group which operates mainly in the Shandong and Liaoning Provinces in China, said sales growth of 42.2% to CNY16,862m for the 12 months ended 31 December ...
Saudi Arabian orders for Gebr Pfieffer
Gebr Pfieffer has received two major grinding technology orders in the booming Saudi Arabian market. Najran Cement Company (NCC) in Saudi Arabia has placed a third repeat or...
Jilin Yatai joint venture investment, China
Jilin Yatai (Group) Co and its partner will together inject CNY285m (US$45m) into their Changchun, Jilin Province-based joint venture to support the joint venture development. ...
JK Lakshmi to commission new grinding unit, India
JK Lakshmi will commission a new 500,000tpd clinker grinding unit at Jharli in the next 2-3 days, managing director Vinita Singhania, said. The new plant will help the compa...
EPA calls for clearer visibility in Montana region, USA
The US Environmental Protection Agency (EPA) has said that two cement plants in the Montana area need to invest in measures to improve visibility in wilderness areas and nation...
FCC to delay Giant Cement sale, USA
FCC is to delay the planned sale of its US-based Giant Cement Holding division while the Spanish construction major focuses on debt refinancing of Cements Portland Valderivvas,...
European cement trends and outlook
Last year saw varying cement consumption trends across European markets. Overall the region benefitted from mild winter weather and, while some countries demonstrated a continu...
Fitch Ratings downgrades West China Cement
Fitch Ratings has downgraded West China Cement's (WCC) Long-Term Foreign Currency Issuer Default Rating (IDR) and Senior Unsecured debt rating to 'BB-' from 'BB'. The Outlook o...
TPCC profit constrained by power issues, Tanzania
Tanzania Portland Cement Company Limited (TPCC) net profit rose slightly less than expected due to erratic power supplies but says the demand outlook is positive as it prepares...
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