Saudi Qassim Cement net profit up to US$83.2m
Saudi cement producer Qassim Cement Co (QCC) saw its net profit go up 31 pct year-on-year to SAR312.2m (US$83.2m) in the first half of 2008, it was reported on August 4.
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Italcementi’s net profit falls by 37%
Italcementi’s first half turnover declined by 4.5% to EUR2,814.7m and the running EBITDA fell by 15.4% to EUR589.1m.
Tarmac to double British cement output
Tarmac, a subsidiary of the Anglo American mining group, generated a first half turnover 9.0% higher at US$2,439m (EUR1,585m), while the EBITDA declined by 10.7% to US$291m (EUR...
Sri Lanka to give cement plant contract to Birla
Sri Lanka wants to give India’s Aditya Birla group a contract to revive a defunct cement plant in Kankesanturai, in the northern Jaffna peninsula,
Philippines: price of construction materials expected to rise
The price of construction materials, specifically cement, is expected to increase due to the continued increase in coal prices.
ACC July cement despatches up 6%
Cement major ACC’s shipments in July rose to 1.71Mt from 1.64Mt a year earlier.
China cement production gaines 8.7% in 1H
China’s cement output in the first half of this year gained 8.7 per cent YoY to 648.05Mt, according to the latest statistics from the National Development and Reform Commi...
Dalmia Cement to raise prices
The Delhi-based Dalmia Cement Bharat, like others, is feeling the pinch of surging input costs, inflation and rising interest rates and is ready to take some serious measures ...
Dominican cement producers will meet over high prices, costs
Cement producers in the Domincan Republic are set to meet to analyse the costs in the construction sector with Industry and Commerce minister Melanio Paredes,
Pakistan cement sales decline, exports grow
Cement sales in Pakistan during July 2008 registered an increase of three per cent to stand at 2.47Mt as per latest provisional numbers.
Emerging markets lift Lafarge as the US, Spain and Great Britain decline
Lafarge increased first half turnover by 8.2% to EUR9,069m, with the EBITDA rising by 15.8% to EUR2116m and the trading profit advancing by 18.5% to EUR1611m, with the numbers r...
High energy costs depress Titan’s margins
Titan’s first half turnover improved by 1.0% to EUR765.1m while the EBITDA declined by 13.9% to EUR191.0m, with the increased size of the operations being offset by curren...
New cement plants ease pressure on Saudi supply
Expansions in 2007 and the completion of three new projects in the first half of 2008 have eased pressure on cement supply in Saudi Arabia
Cemex USA begins meeting cement demand abroad
Cemex announced that it has loaded the first vessel to begin exporting cement from its Tampa cement terminal.
JK Lakshmi Cement begins work on 2.7Mt plant
JK Lakshmi Cement Ltd, flagship of JK Organization, has commenced work on the 2.7Mt greenfield cement plant at Durg, Chhattisgarh with an investment of
Indocement, SG plan production hikes
Two of Indonesia’s major cement producers plan to increase their production capacity to meet rising domestic demand,
Nepal: Hetauda cement factory halts production
The lingering fuel crisis in Nepal is all set to affect the construction sector as the Hetauda Cement factory has completely shut down production since early this week,
Pakistan government investigating cement price rise
The government of Pakistan has started an investigation to ascertain reasons behind the substantial increase in cement prices, which jumped up to an average of Rs384 per bag in ...
Indocement exports down on larger domestic sales
PT Indocement Tunggal Prakarsa posted a 32 per cent decline in exports to 1.2Mt in the first half of this year on larger sales on the domestic market.
Strabag agrees to buy Austro-Hungarian arms of Cemex
The Austrian-based contractor Strabag has signed an agreement to purchase the Cemex operations in Austria and in Hungary for EUR310m, subject to regulatory approval.
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