Raysut sees sharp drop in sales, Oman
Raysut Cement’s fourth quarter profit fell 62 per cent on a sharp drop in sales, missing analysts expectations.
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Pakistan optimistic on 2011 prospects
The Pakistan cement industry is quite optimistic that 2011 will be more prosperous for the industry as new export markets/orders are being explored in East Africa, Middle East, ...
Uganda cement prices yet to stabilise
The retail prices of cement, which abruptly shot up in late last year, are not yet stable.
Thai Siam Cement net profit rises 53.5%
Thailand’s largest industrial conglomerate by revenue, said Wednesday its 2010 net profit rose 53.5% mainly due to a gain from selling its stake in PTT Chemical, as well a...
Sinoma estimates 2010 profit to have grown 80%
China Sinoma International Engineering announced that it expected to see net profit for 2010 surge more than 80% YoY
Rain Commodities to transfer its cement business
The board of India’s Rain Commodities’ has given its approval for transfer of cement business from Rain Commodities (Holding Company) to Rain CII Carbon (India)
Vinacomin affiliate puts plant into operation, Vietnam
Tan Quang Cement JSC, an affiliate of Vietnam National Coal-Mineral Industries Group (Vinacomin) has put into operation its
Foundation stone laid for new Hidalgo plant, Mexico
Mexican company Trituradora y Procesadora de Materiales Santa Anita has begun construction of a
China Resources acquires stakes in four companies
China Resources Cement Holdings acquired stakes in four cement companies for a total of CNY406m (US$61.7m),
UltraTech posts 36% fall in quarterly profit, India
UltraTech Cement Ltd, India’s largest cement maker by capacity, Tuesday posted a 36% fall in its third-quarter net profit.
Gresik 2010 seen rising due to cost-efficiency
Indonesia’s largest cement producer PT Semen Gresik said its net profit in 2010 was estimated at IDR3.5trn (US$390m), up from IDR3.3trn in the previous year.
Merckle rearranges HeidelbergCement holdings, Germany
Ludwig Merckle, a major shareholder of HeidelbergCement AG, has rearranged his holdings in the group, HeidelbergCement said
Siam Cement 2010 net profit likely +44.4%
Thailand’s Siam Cement is likely to post a 44.4% YoY increase in its 2010 net profit to THB35.16bn (US$1.1bn)
Votorantim, Holcim seen buying 40% stake in BRC for US$1bn
Brazilian conglomerate Votorantim or the Brazilian unit of Holcim are the potential buyers of a 40% stake in US-controlled cement maker BRC Cimentos
China Prosperity’s Chaodong Cement capacity at 4.8Mt
Prosperity Minerals Holding reports that associate company, Anhui Chaodong Cement’s second 2Mta has been commissioned and commenced commercial production in January 2011.
Ha Tien 1 to build road to Phu Huu ICT port, Vietnam
Ha Tien 1 Cement Joint Stock Company will start construction of a 2.6km road leading to Phu Huu ICT General Port in Ho Chi Minh City’s District 9 next month,
Ghacem claims unfair competition??, Ghana
Ghana is said to be losing substantial sums of customs revenues due to the practice of allowing imported bagged cement from neighbouring Nigeria, at unfair low taxes
Let’s hope for a better 2011 but...??
The past month has been characterised by falling rates in most sectors, the only bright spot being a slight resurgence in the Supramax sectors over the past week
Ethiopian authorities close two plants on low standard
Two small-sized Ethiopian cement plants operated by Huwaei Plc and Debresina Business Industries have been banned from manufacturing cement
JK Lakshmi appoints new director, India
JK Lakshmi Cement today said IDBI Bank’s executive director, RK Bansal, has been appointed as director on the company’s board.
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