Cementir continues to show underlying growth
Cementir increased first half turnover by 25.3% to EUR 504.2m and the EBITDA rose by 44.4% to EUR 118.6m.
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Weak 2Q06 earnings of TPI Polene, Thailand
TPI Polene (TPIPL) announced rather disappointing 2Q06 earnings with a normalised profit of Bt244mn (norm EPS Bt0.31), down 52% yoy, but up 52% qoq. This was a rather low base f...
Madras Cements posts four-fold rise in net profit, India
Madras Cements Ltd has posted a net profit of Rs 78.85 crore for the quarter ended June 30, a 4.3 times jump over the Rs 18.06 crore reported in the corresponding period last ye...
Construction of new plants, Indonesia
Indonesia’s PT Semen Gresik plans to build a IDR3.5 trillion new cement plant next year in an effort to boost long term sales, its finance director said.
Heidelberg hungry for more in India?
Hot on the heels of its Mysore Cement acquisition, German major HeidelbergCement is now planning to further increase its presence in India
Cement output boosted to new highs, China
China’s cement output in the first half of the year hit a record high for a six-month period, up 20.9 per cent from the same period last year to 540Mt, the Xinhua-run Chin...
Cemex and Rajawali close deal, Indonesia
Cemex Asia Holding Ltd has handed over a 24.9 per cent stake in state cement maker PT Semen Gresik to the Rajawali Group concluding a US$337m deal.
Twiga Cement set aside US$100m for investment
Tanzania Portland Cement Company Limited (TPCC), says it has set aside USD100m as capital investments in the next three years to keep abreast with rising cement demand, and warn...
Lafarge to invest $450m in two plants, Indonesia
Lafarge is planning to build two new cement plants in Indonesia, a senior government official told Dow Jones reporters on Thursday.
Housing Agency to decide on cement procurement, Ethiopia
The Addis Abeba Housing Agency, which collected proof of purchase from international companies for the supply of cement in its construction of 65,000 houses, said it will reach ...
Ministry and industry to meet over price increases, Jamaica
Finance and Planning Minister, Dr. Omar Davies and Industry, Technology, Energy and Commerce Minister, Phillip Paulwell are scheduled to meet with the management of the Caribbea...
Gresik books 20 per cent rise in 1H profit, Indonesia
Semen Gresik Tbk booked an increase of 20% in its revenue to over IDR3.5 trillion in the first semester of this year from the same period last year.
Government sells off Portland Cement, Tanzania
The Government of Tanzania is planning to sell 53,975,900 ordinary shares it holds in the Tanzania Portland Cement Company (TPCC).
OCI launches new plant, Pakistan
Orascom Construction Industries (OCI) announced that cement and clinker production at its new plant in Pakistan has commenced onschedule. OCI subsidiary Pakistan Cement Company ...
Strong US prices help Cemex move ahead in first half
First half turnover at Cemex increased by 23.7.0% to US$8,595.3m, with a modest help form an additional two months of RMC, and the EBITDA grew by 21.9% to US$1,972.5m. The tradi...
UltraTech Q1 net profit triples, India
UltraTech Cement Ltd, an Aditya Birla group company has announced that net profit more than tripled for the first quarter ended June 30 2006 on higher domestic realisation and v...
Portland Valderrivas profit up 51 per cent, Spain
In the first half of this year, Spanish cement producer Cementos Portland Valderrivas recorded a net profit of EUR96.19m , up 51.37 per cent on the same period in 2005.
Titan is boosted by US market strength
Titan increased turnover in first six months by 24.8% to EUR 764.7m and the operating profit at the EBITDA level by 36.5% to EUR 220.4m. Sales of cementitious materials grew by...
Government to tackle Carib Cement over price hike
Industry and Commerce Minister, Phillip Paulwell, and Finance Minister, Dr. Omar Davies, are to tackle Caribbean Cement Company Limited over its latest round of price increases.
International creditors offer huge loans to Tay Ninh Cement, Vietnam
BNP Paribas of France and China’s ICBC on Monday signed a loan agreement with Vietnam’s FICO to provide the latter a syndicated loan of US$97.1 million to build Tay Ninh Cement ...
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