Egypt’s Misr Beni Suef seeks 25 per cent capital hike
The board of Egypt’s Misr Beni Suef Cement said it had proposed increasing the company’s capital by E£100m (US$16.9m) to support its capital base.
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CMCL look to northeast markets
Cement Manufacturing Company Limited (CMCL), a 70 per cent subsidiary of Century Plyboards Limited (CPL), is looking to exploit the strong demand in the northeast.
Peru: demand putting pressures in national producers
With the demand surpassing 9.05Mt 2010, of which 8.1Mt supplied by national companies, the Peruvian market is
Jiangxi Wannianqing Cement’s profit jumps 131.91% in 2010
Jiangxi Wannianqing Cement Co announced that its net profit skyrocketed 131.91% YoY last year,
Egypt’s Suez Cement counts cost of unrest
Suez Cement, Egypt’s biggest listed cement maker by market value, said the political unrest that ousted Hosni Mubarak cost it and a subsidiary E£80m (US$13.5m).
HeidelbergCement profit rises
German cement major HeidelbergCement ended the 2010 financial year successfully, reporting increases in turnover and operating margins
HeidelbergCement upgraded to ‘BB’ by Standard&Poor’s
Standard&Poor’s Rating Services raised HeidelbergCement’s long-term corporate credit rating and the issue ratings on the company’s senior unsecured bonds to ‘BB’ from ‘BB-‘.
LSR Group bond placement, Russia
OJSC LSR Group, a Russian construction and building materials company, announces the placement of
Taiheiyo’s action plan in response to Japanese earthquake
Following the devastating earthquake and tsunami which struck Japan on 11 March 2011, the country’s leading cement producer, Taiheiyo Cement, immediately organised an Emergency ...
Cemex establishes new record, Philippines
Cemex in the Philippines has established a new record for cement production in its SOLID plant, thanks to a series of efficiency improvements.
Italcementi: industry has hit bottom, Egypt uncertainties
According to leading Italian cement producer, Italcementi, the global cement industry has bottomed out and will see more growth in Asia and a recovery in some mature countries.
Titan helped by Egypt and Turkey
Titan’s 2010 turnover came off by 0.7% last year to €1,350.5m and the EBITDA declined by 5.5% to €314.4m.
Recent delivery for CTP team, Russia
CTP Team (Bedeschi Group) has completed the delivery of a new gas dedusting plant for Achinsky cement plant, part of the Basel Cement Group in Russia.
Lafarge Zimbabwe revenue rises
Zimbabwean group Lafarge Cement reported flat full-year earnings as a tax expense offset strong revenue growth, and said it expected further sales growth as the economy recovers.
Andhra Cements denies rumours of stake sale, India
There is a buzz in the market that Lafarge and Italcementi are in the race to buy a promoter stake in Andhra Cements.
HeidelbergCement sees demand spike after Japan quake
HeidelbergCement expects to supply the reconstruction effort in Japan as the earthquake-stricken country is forced to import volumes to meet demand.
Athi River expects ‘significantly’ higher 2011 cement sales
Kenyan-based producer, Athi River Mining (ARM) said it expects sales to increase “significantly” this year
HeidelbergCement reports 4Q10 net profit
HeidelbergCement reported a profit in the fourth quarter of 2010 and also expects higher turnover and operating income in 2011.
Cemex announces closing of US$1.67bn convertible notes
Cemex announced today the closing of an offering of US$1.67bn aggregate principal amount of two series of convertible subordinated notes, one of which matures in 2016
PCA: economic study details cumulative impact of regulations
The Portland Cement Association issued the following news release with regards to the impact of proposed EPA regulations on the US industry.
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