Star Cement posts 31% fall in profit
India’s Star Cement has seen a 30.8 per cent fall in standalone net profit to INR381.2m (US$5.1m) in the quarter ending 30 September, compared with INR550.8m in the year-ago pe...
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Titan Group reports revenues of EUR1202m in 9M20
Titan Group announced its consolidated revenue totalled EUR1202.4m for the 9M20, a marginal decline of 0.5 per cent when compared with the revenue in the 9M19. Operating profit...
Brazilian cement demand sees 15% hike in October
Brazil’s cement market expanded 14.5 per cent YoY in October 2020 with demand at 6Mt, according to the country’s cement association, SNIC. The southeast, the country’s larges...
Burnpur Cement sees net loss widen in 2Q
India’s Burnpur Cement has seen its standalone net loss widen to INR297.8m (US$3.99m) in the second quarter of FY20-21, against an INR21.3m loss in the 2QFY19-20. However, net...
Shree Cement records 64% increase in profit
India’s Shree Cement has seen a 64 per cent YoY increase in consolidated net profit to INR5.23bn (US$70.71m) for the quarter ending 30 September 2020, compared with INR3.13bn i...
Eagle Cement Corp sees net sales down 16%
Philippine-based Eagle Cement Corp has reported a net profit of PHP1.4bn (US$28.96m) in the 3Q20, remaining unchanged from the year-ago period. However, its net sales were down...
Saudi Arabian cement companies see combined profits rise 39%
The combined profits of 14 Tadawul-listed Saudi cement companies grew by 39.3 per cent YoY to SAR840.87m during the 3Q20, compared with SAR603.54m in the same period of 2019, a...
DTI and Phinma agreement on labelling guidelines
In light of the new renewed labelling conventions for cement products in the Philippines, the Department of Trade and Industry (DTI) and the Phinma group affirm their commitmen...
Tanga Cement continues plans for Arusha plant
Tanga Cement has said talks with the government regarding its new cement grinding plant in Arusha, Tanzania, are still in progress. The factory will be able to produce betwe...
Loma Negra reports surge in net profit for the 3Q20
Argentina’s Loma Negra has seen its net revenue decrease 4.5 per cent YoY to ARS10.756bn (US$143m) in the third quarter of 2020, compared with ARS11.26bn in the year-ago period...
Long Son Cement to commission third line in December
The third production line of Vietnam’s Long Son Cement, based in the central province of Thanh Hoa, is expected to be put into operation in December 2020, with a design capacit...
JK Cement sees net profit surge 106%
India’s JK Cement has reported a 105.5 per cent YoY rise in standalone net profit to INR2.24bn (US$30.1m) for the quarter ending 30 September 2020, compared to INR1.09bn in the...
Sumitomo Osaka sees 6% fall in 1H revenue
Japanese cement producer Sumitomo Osaka Cement Co posted a 6.4 per cent fall in its 1H revenue ended 30 September 2020 to JPY112.12bn from JPY119.84m in the 1HFY20-21. Operati...
Dangote allowed to resume overland exports
Nigeria’s government has allowed Dangote Cement to resume exports across the country’s land borders, reports Bloomberg. The step has raised expectations that the country may be...
SungShin Cement orders two HOTDISC units
SungShin Cement has ordered two FLSmidth H OTDISC Combustion Devices for its Kiln Lines 3 and 6. The first H OTDISC is expected to be commissioned in mid-2021 and the second...
Tanzanian cement producers highlight price hikes
Dangote Cement in Tanzania apologised to the government for the failure to communicate to the public on the temporary shutdown of its plant for maintenance, which caused price ...
Raysut holds ground breaking ceremony for 1Mta Duqm grinding plant
Raysut Cement Co (RCC) has held a groundbreaking ceremony for the start of the construction of its new US$30m grinding unit in Duqm in Oman. The development of the 1Mta Du...
Holcim contracts YPF as fuel supplier
YPF signed an agreement to supply natural gas and petcoke to Holcim’s plants in Malagueño (Córdoba), Campana (Buenos Aires province), Capdeville (Mendoza) and Puesto Viejo (Juj...
Evonik wins PCA's 2020 Chairman's Manufacturing Performance Award
The Portland Cement Association (PCA) has named Evonik as its 2020 Chairman’s Manufacturing Performance Awards winner. PCA awarded the company’s innovative P84 ® HT polyim...
Buzzi Unicem records cement and clinker sales of 21.7Mt in 9M20
Buzzi Unicem announced that cement and clinker sales for the group totalled 21.7Mt in the 9M20, down 1.8 per cent compared to the previous year. Ready-mix and concrete sales co...
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