Lamanka Enterprises acquires Akhangarancement stake
Cyprus-based Lamanka Enterprises Ltd has reportedly bought 84.197 per cent of the shares in Akhangarancement JSC in Uzbekistan. The stake was acquired for UZS557.6bn (US$52.7m)...
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LafargeHolcim to settle US lawsuit from Cuban operations
LafargeHolcim Ltd has agreed in principle to settle a lawsuit brought by a group of 25 US nationals who claimed the company used their Cuban property to conduct business, ...
HeidelbergCement makes new appointments to Managing Board
In line with HeidelbergCement’s 'Beyond 2020' strategic targets, the Supervisory Board of HeidelbergCement has decided to establish two new positions on the Managing Board to ...
Cambodia posts 49% fall in imports in 2020
Cambodia saw the value of its cement imports fall 48.6 per cent YoY to US$66.25m in 2020, compared to US$128.86m in the previous year, according to the Ministry of Commerce. I...
Bestway Cement to set up greenfield cement plant in Punjab
Bestway Cement Ltd has informed the Pakistan Stock Exchange on 27 May that it is setting up a greenfield cement plant with a clinker capacity of 7200tpd, near Paikhel, Mianwal...
Anjani Portland to acquire controlling stake in Bhavya Cements
India’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of INR51.53/share (US$0.7/sh...
Dugongo Cement plant inaugurated
Mozambican President Filipe Nyusi inaugurated the 2Mta Dugongo Cement plant, in the southernmost district of Matutuine, on Wednesday. The US$330m investment by the C...
Cienfuegos restarts production
The Carlos Marx cement plant in Cienfuegos, Cuba, has recommenced production after being paralysed since 14 January due to a lack of petcoke. A new cargo of petcoke was repor...
Cementir Holding is given a BBB investment rating by Standard and Poor
Standard & Poor's rating agency announced that it had assigned Cementir Holding NV an Issuer Rating of “BBB- with Stable Outlook”. The attribution of an investment grade ...
Pakistan records mixed export and production data
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export and production data for the July 2020-April 2021 (10 months) and July 2020-March 2021 (nine month...
Anjani Portland Cement posts 111% rise in profit
India’s Anjani Portland Cement has reported a largely stable total income in the full-year period ending 31 March 2021, reaching INR4.14bn (US$56.9m) from INR4.13bn in the FY19...
Shree Cement records 22% revenue increase
India’s Shree Cement has posted a 22.2 per cent YoY increase in standalone revenue from operations to INR39.31bn (US$540.6m) in the quarter ending 31 March 2021, against INR32....
Heracles reports static turnover of EUR188.5m in 2020
Heracles Group of Companies ’ (LafargeHolcim group) turnover in Greece remained almost unchanged in 2020 compared to 2019 when the company first returned to profitabilit...
Cemex releases new low-carbon cement to European market
As part of its innovative Vertua ® low-carbon product portfolio, Cemex España has launched its new high-performance grey cement type II 52.5 R to the European cement market T...
PT Indocement Tunggal Prakarsa records April sales volume of 1.3Mt
PT Indocement Tunggal Prakarsa Tbk recorded a sales volume of 1.3Mt throughout April 2021. This realisation was 13 per cent higher than sales in the same period last year. ...
India Cements recovers in 4QFY21
India Cements has reported a standalone net profit of INR716.3m (US$9.84m) in the final quarter of FY20-21, against a net loss of INR1.11bn in the corresponding period of the p...
Ramco Cements posts 47% rise in net profit
India’s Ramco Cements has reported a 47 per cent rise in net profit to INR2.14bn (US$29.4m) in the final quarter of the FY20-21, compared to INR1.46bn in the year-ago period. ...
OPGC to supply fly ash to ACC Ltd
Following the supply of fly ash to Star Cement Ltd located in Assam, Odisha Power Generation Corp Ltd (OPGC) has commenced dispatch of fly ash to ACC Ltd. About 3450t of ...
HeidelbergCement sells US West region assets to Martin Marietta
As part of its portfolio optimisation and margin improvement programme in its North American business, HeidelbergCement has signed an agreement to sell its business activities...
Cement exports from Senegal drop 35% in February
Exports of cement from Senegal declined 35.3 per cent MoM in February 2021, according to the country’s national statistics agency, ANSD. When compared with February 2020, expor...
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