Lafarge WAPCO posts N12.1bn net profit in 2008
Lafarge Cement, WAPCO Nigeria Plc., Wednesday declared a N12.1bn profit after tax for the year 2008 representing an increase of 15 per cent over that of 2007
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New capacities in South may dampen prices, India
Cement prices in the South may come under pressure with 12.3Mt of additional capacity scheduled to go on-stream by 2009-end,
Binani Cement eyes LSE listing
The Braj Binani Group is looking to get its cement manufacturing flagship Binani Cement listed on
Ghana cement prices rise
The sudden escalating prices of commodities occasioned by the falling of the Ghanaian currency, the cedi, has caught up with cement,
Pakistan producers benefit from declining coal prices
Cement producers in Pakistan are expected to witness another increase in their profits as the industry’s
Sen. Boseman’s bill slows plant construction, US
State Senator Julia Boseman introduced S699 Thursday intended to put the brakes on the Titan Cement plant.
HeidelbergCement says it’s in ‘intensive talks’ with investors
HeidelbergCement AG said it’s in “intensive talks” with potential investors and extended a deadline to reorganise finances.
Chavez runs short of cash for takeovers as oil slumps
Venezuela is holding up payments to contractors, oil services companies and targets of President Hugo Chavez’s nationalization drive,
Indocement 2008 net profit IDR1.75trn Vs IDR980.10bn
Cement maker PT Indocement Tunggal Prakarsa said Friday its 2008 net profit rose 79% to IDR1.75trn
Cement demand to fall for first time in 25 years
Lafarge is forecasting a contraction in demand for cement globally this year – the first in 25 years – due to the global financial crisis and economic slowdown.
Spain and Turkey depress Cimpor ’s results
Helped by the initial consolidation of India and an additional six months from China, Cimpor’s turnover advanced by 6.2% last year to €2,088.9m, though the EBITDA was off ...
Cement firms pin hopes on reconstruction
Hard-pressed by fierce competition from hundreds of small producers in central China and the prosperous coastal regions,
QNCC lifts output to meet local need
Qatar National Cement Company (QNCC) has boosted production of cement in line with its policy of
Holcim cut at Morgan Stanley on cost of refinancing
Morgan Stanley cut its rating on Holcim to underweight from equal-weight and
US Cement shipments down 31% in January
US Geological Survey preliminary data for January 2009 cement shipments were released on the 18 March
HeidelbergCement plans 91% dividend cut as net profit drops
HeidelbergCement plans to slash its 2008 dividend by 91 per cent as net profit last year dropped and the financial market crisis eats into reserves.
Santander: Cemex may report earnings decline
Cemex probably will report more than 25 percent drops in first-quarter sales and EBITDA, Banco Santander SA wrote.
ACC says India cement sector may see consolidation
ACC Ltd expect there could be a round of industry consolidation if slowing demand and excess capacity push cement prices down, a
Carib Cement’s profit jump on improved efficiencies
Were it not for a near-14 per cent devaluation in the Jamaican dollar against its main trading counterpart - the US dollar - Caribbean Cement Company would have
Jidong Cement to invest in Hebei cement projects
Shenzhen-listed Tangshan Jidong Cement Co Ltd signed a project agreement with the local government
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