Cement industry news

23 Oct 2007 International

Pakistan’s Lucky Q1 net profit up 53 per cent

Pakistan’s biggest cement manufacturer, Lucky Cement, reported on Monday a 53 per cent rise in earnings for the quarter ending on Sept. 30, which analysts said was due to

23 Oct 2007 International

Lithuania’s Akmenes raises sales 37.6 per cent in Jan-Sept

Akmenes Cementas (Akmene Cement), the sole Lithuania’s cement manufacturer, reported LTL179.2m (EUR 51.94m) in sales for the first nine months of 2007,

23 Oct 2007 International

Investments in Peru cement plants expansion seen over $300m

Combined investments in ongoing expansion works in plants of Peruvian cement producers Cementos Lima, Cementos Pacasmayo and Cementos Yura are projected to exceed

23 Oct 2007 International

AV Birla group to raise cement production capacity

The Aditya Birla Group today said it will increase its cement production capacity by almost 50 per cent to 46Mt in the next one year as it seeks to increase sales and gain highe...

23 Oct 2007 International

Olympus Capital agrees to invest US$28m in Chinese Cement Co

Olympus Capital Holdings said Tuesday it agreed to invest $28 million in Chinese cement producer Sichuan Golden Summit (Group) Joint Stock Co.

23 Oct 2007 Corporate

Birla Plus turns UltraTech

Birla Plus is now UltraTech cement. The Aditya Birla group on Monday announced rebranding of its cement business by bringing it under the UltraTech umbrella

23 Oct 2007 Recent Orders

FLSmidth Minerals wins multiple orders in materials handling

FLSmidth Minerals has been awarded a contract to provide two mobile overburden handling systems to Fortescue Metals Group (FMG) for their iron ore mine in the Pilbara region in ...

23 Oct 2007 Corporate

India Cement Q2 net profit up 90%

India Cements Ltd’s July-September net profit rose 90 per cent to Rs 222.65 crore compared with Rs 117.32 crore in the same quarter of the previous year.

23 Oct 2007 International

Eagle Materials posts 47% Q2 earnings decrease

Eagle Materials Inc reports that, for the quarter ended September 30, its revenues and net earnings were $210.5m and $34.8m, respectively.

23 Oct 2007 International

Indian cement industry to grow by 10 per cent in 2007-08

The demand for cement in India is expected to grow by 10 per cent in 2007-08 fiscal driven by housing sector, a senior industry official said.

22 Oct 2007 International

RMB1.3bn Cement Production Project Established in Shangsi

China Resources Cement Holdings Limited formally signed a letter of intent on October 13th

22 Oct 2007 International

Portland Holdings Limited on verge of shutdown

Portland Holdings Limited (PHL), a subsidiary of Pretoria Portland Cement (PPC), could shut down due to lack of raw materials.

22 Oct 2007 International

Construction growth ups appetite for cement, Kenya

Cement consumption rose steeply in the month of September against the backdrop of a slight fall in output, signalling a possible rallying of prices in the coming month.

22 Oct 2007 Trading

Ministry still to say whether cement waiver to continue, Guyana

The Ministry of Tourism, Industry and Commerce is yet to announce what steps will be taken regarding the waiver on the Common External Tariff (CET) for extra-regional cement imp...

22 Oct 2007 Environmental

Hima Cement given national park land

The government has given 450 hectares of land in Queen Elizabeth National Park to Hima Cement for limestone extraction, a move environmentalists say will scare away animals and ...

22 Oct 2007 International

UltraTech Q2 net up 46%

UltraTech Cement (UCL), the country’s second largest cement maker and part of the Aditya Birla Group, has posted a 45.84% rise in its net profit

22 Oct 2007 International

Benin to build new cement plant

Beninese President Boni Yayi will Monday in Massè, a district in the country’s south-eastern Plateau, lay the foundation stone for a 1.2Mta cement plan

22 Oct 2007 International

PM lays foundation stone for Qatranah cement plant, Saudi Arabia

Prime Minister Marouf Al Bakhit laid today the foundation stone for Al Qatranah Cement plant,

22 Oct 2007 Corporate

Rajhi Cement plans $595mn bond sale

Saudi Arabia’s Al-Rajhi Cement Investment Co will sell $595 million of seven-year, Islamic bonds in the first quarter,

22 Oct 2007 Trading

15 cases filed against errant cement traders, Sri Lanka

The Consumer Affairs Authority (CAA) has filed 15 Court cases against errant traders who have abused the Consumer Affairs Act by concealing and selling cement at a higher price.