Sinai Cement announces widening net loss in the 1H20
Egypt’s Sinai Cement Co has seen its consolidated net loss widen to EGP247.6m (US$15.6m) in the first half of 2020, against EGP187.2m in the year-ago period. Its standalone net...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Tunisian government authorises use of polypropylene bags for cement
Tunisia’s government approved the use of polypropylene for packaging cement, but the move has already drawn ire of the country’s environmentalists and the Tunisian Industrial P...
Indonesian cement market contracts 16% in July
Cement demand in Indonesia declined 16.3 per cent YoY to 5.3Mt in July 2020, according to the Indonesian Cement Association (ASI). The market of Sulawesi saw the largest cont...
Loma Negra sells majority stake in Yguazú Cementos
Argentina-based Loma Negra (Intercement) has sold its 51 per cent majority stake in Paraguay’s Yguazú Cementos. The value of the deal was not announced, but the company had bee...
Cement prices rise in Malawi
Cement prices in Malawi have reportedly increased by 33 per cent in the past two weeks to MWK8000 (US$10.79) per 50kg bag, with the hike attributed to a shortage, according to ...
Carthage Cement posts TND3.3m net profit at end July
Carthage Cement posted a net profit of TND3.3m (US$1.2m) as of 31 July 2020, despite at two-month shutdown due to the COVID-19 pandemic. The stoppage led the company to lose ne...
Holcim Midlothian plant requests modified emission levels
Holcim Inc (LafargeHolcim) has applied to the Texas Commission on Environmental Quality (TCEQ) for an air quality permit to modify emissions from the company's Midlothian cemen...
City Cement shareholders agree on 26% capital cut
Shareholders of Saudi-based City Cement Co have approved a 26 per cent capital cut to SAR1.4bn (US$8.34m) from SAR1.89bn, on having a capital surplus, during the extraordinary ...
CMA raises competition concerns over Breedon and Cemex deal
Breedon’s purchase of certain Cemex assets has raised competition concerns in the supply of building materials in some parts of the UK, the Competition & Markets Authority (CMA...
Lucky Cement profits fall to PKR3.34bn in FY20
Lucky Cement Ltd has announced dismal financial results for FY19-20 (July 2019-June 2020). The company earned an after-tax profit of PKR3.34bn (US$19.8m) as compared to PKR10.4...
Puerto Rican cement market expands 24% in July
Cement demand in Puerto Rico advanced 23.8 per cent YoY to 60,546t (1.42m bags of 42.6kg) when compared with 49,033t (1.15m bags) in July 2019, according to data by the country...
JSW Group to merge its distribution and supply chain segments
India’s JSW Group has announced plans to merge the distribution and supply chain operations of its steel, cement and paint businesses in India for better synergies and to save ...
Adelaide Brighton returns to profit in the 1H20
Australia’s Adelaide Brighton has posted a net profit after tax of AUD29.1m (US$20.95m) in the first half of 2020, compared with a net loss of AUD17.9m in the year-ago period. ...
Chilean cement market contracts 14% in 6M20
Cement dispatches in Chile fell 15.4 per cent YoY in May 2020 to 291,781t from 345,001t in May 2019, according to the Chilean Chamber of Construction (CChC). In June the market...
Vietnam reports surge in exports in July
Cement sales in Vietnam fell eight per cent YoY but edged up by two per cent to 5.335Mt in July 2020, according to the Vietnam National Cement Association (VNCA). Of this total...
West China Cement posts 5% fall in net profit
West China Cement has announced a 5.3 per cent YoY decline in net profit for the first half of the 2020, down to CNY752.3m (US$108.7m) from CNY793.5m in the 1H19. Revenue als...
Turkey's exports to the US rise 24% in June
Turkey’s cement exports to the US declined by 5.7 per cent YoY in the first half of 2020, amounting to US$197.7m, according to the Turkish Ministry of Trade. In June 2020 th...
Cementos Pacasmayo begins terminal operations
Peru’s Cementos Pacasmayo has resumed operations from the port terminal of Yurimaguas, Loreto, distributing 60,000 bags of cement to Iquitos. The company operates in the port ...
Ha Tien 1 Cement sees revenue down 14%
Vietnam’s Ha Tien 1 Cement JSC has seen its net revenue decline 14.1 per cent YoY to VND2035bn (US$87.1m) in the second quarter of 2020. Gross profit posted a minor decline of ...
Hetauda Cement Industries sees losses mount up
A combination of COVID-19, stalled construction activities and falling cement sales have seen Hetauda Cement Industries' losses grow fivefold YoY. The state-owned Nepalese comp...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
