Cement contributes 58% of Eagle Materials’ profit
Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March fell by 15.2% to US$846.7m.
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Pakistan to export 52,000t of cement to India
Pakistan will export about 52,000t of cement to India in the next two months.
Vietnam confirms sufficient cement supply this year
Nguyen Quang Cung, a Ministry of Construction official has confirmed sufficient cement supply for this year,
Indian prices to stay stable
Indian cement players have decided to keep cement prices stable in the current quarter,
Tororo Cement to invest US$25m Uganda
Tororo Cement has unveiled a $25m four-year expansion plan involving investments in new facilities,
Chongqing Power firm teams up with cement producer
Chongqing Fuling Electric Power Industrial said on May 6, 2008 that its affiliate company Chongqing Shuijiang power company
Asia Cement China Raises US$238m in HK IPO
Asia Cement (China) Holdings has raised US$238 million in a Hong Kong initial public offering
China price growth limited despite strong demand
Cement prices in China are expected to maintain single-digit growth this year because the fragmented sector lacks a few centralised industry leaders to press for a price increas...
Holcim Indonesia eyes Bintang Polindo to boost capacity
PT Holcim Indonesia said it will soon acquire PT Bintang Polindo Perkasa (BPP) to increase its cement production capacity, according to local press reports.
KHD’s road to success in Russia continues
OAO Novoroscement has placed a major contract for a 2Mta cement production plant with Humboldt Wedag GmbH
New orders for Christian Pfeiffer
On May 1st, 2008 Nael Cement Co, located at Al Ain in the United Arab Emirates signed a contract for the supply of a new clinker grinding plant.
HeidelbergCement’s first quarter shows good underlying growth outside the USA
Helped by the consolidation of Hanson, the first quarter results from HeidelbergCement show a 71.8% increase in turnover to HeidelbergCement’s first quarter shows good underlyin...
Lower volumes hit Italcementi’s results
Italcementi’s first quarter turnover declined by 4.5% to EUR1306.6m, the running EBITDA was down by 5.3% to EUR260.9m and the trading profit fell back by 8.8% to EUR157.5m.
Weak economy will take toll on cement consumption
With the US economy experiencing a severe economic weakness, its impact on cement consumption and the construction industry will not be mild,
Shree Cement sees 15 per cent sales growth in FY09
India’s Shree Cement expects a 15 per cent growth in sales volumes in 2008/09 on sustained demand
PPC still working hard on BEE deal, South Africa
The planned broad-based black economic empowerment (BEE) deal by Pretoria Portland Cement (PPC) has been delayed further, with the ZARR4bn transaction expected to be finalised i...
Australian cement shortage relief to put building on track
North Queenslands sole cement supplier, Cement Australia, says supplies should be back to normal by mid-May.
Birla Corporation has reported a 14.46 per cent dip in net profit
Birla Corporation has reported a 14.46 per cent dip in net profit in the quarter ended March 2008 to
ACC to freeze cement prices over next 2-3 months
Indian cement manufacturer ACC Ltd said Friday it will hold cement prices for the next 2-3 months in response to the federal government’s request to help keep rising infla...
Italy Cementir 1Q08 pre-tax profit at EUR3.8m
Italian cement group Cementir Holding SpA, a unit of local construction company Caltagirone, posted a pre-tax profit of EUR3.8m (US$5.9m) for the first quarter of 2008 compared ...
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