Cement demand falls for SCG
Siam Cement PCL reported a profit of THB9384m (US$301.6m) in the 2Q20, or a 35 per cent rise in earnings QoQ and 33 per cent YoY, bolstered by its chemical business performance...
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Peru’s cement market recovers, exports remain low in July
Cement dispatches in Peru are recovering from COVID-19 disruption. In July 2020, 0.826Mt of cement was delivered to the domestic market, according to Asocem. While still 5.7 pe...
Twiga Cement to increase cement capacity in Tanzania
Twiga Cement's Head of Commercial Cluster East, South and Central Africa, Yves Mataigne, says the company will invest TZS34bn (US$14.6m) this year and TZS33bn (US$14.1m) in 202...
PPC considers restructuring and refinancing options
Following reports that South Africa’s PPC was looking to raise ZAR1.25bn (US$71.51m) from a rights issue, the company has stated that it is currently in talks with lenders befo...
JK Lakshmi Cement reports 6% dip in net profit
India’s JK Lakshmi Cement saw a 5.8 per cent YoY decline in consolidated net profit to INR506.3m (US$6.76m) for the June quarter, against INR537.5m in the year-ago period. Re...
Ramco Cements aims to be debt-free in three years
India’s Ramco Cements has announced plans to become debt-free in three years, while noting that FY20-21 will be a challenging year for the company. "While the initial few mont...
Two cement shipments set to arrive in Libya
A ship transporting 4400t of bulk cement has arrived at Tobruk port, Libya, according to the country’s state news agency, LANA. Another shipment of around 3850t of cement is al...
Tabuk Cement sees sales down 18% YoY
Saudi Arabia’s Tabuk Cement has seen a 94 per cent YoY decline in net profit to SAR0.54m (US$144,000) in the June quarter of 2020, against SAR8.98m in the year-ago period. Sa...
Chairman reflects on tough period at UltraTech Cement's AGM
Kumar Mangalam Birla, chairman of UltraTech Cement (Aditya Birla Group), opened the 20th Annual General Meeting on 12 August 2020, via video conferencing and reflected on the c...
Pakistan cement production witnessed a mixed trend in FY19-20
The output of Pakistan's large-scale manufacturing industries (LSMIs) declined by 10.2 per cent in the previous fiscal year, FY19-20, compared to FY18-19, as almost all of the ...
Star Cement reports 36% fall in total income
India’s Star Cement has reported a 36.4 per cent YoY fall in total income to INR2.98bn (U$39.77m) in the first quarter of the FY20-21, compared with INR4.68bn in the year-ago p...
InterCement appoint new chairman
InterCement Participações SA reports that Franklin Feder has resigned from the Board of Directors of InterCement after nearly three years and Wilson Nelio Brumer becomes the ne...
Brazil's cement market expands in July but outlook uncertain
Cement sales in Brazil increased 18.9 per cent YoY to 5.9Mt, according to the country's cement association, SNIC. Cement sales per working day edged up 2.4 per cent MoM. It fo...
Taiheiyo Cement's operating profit rises 17% YoY
Japan’s Taiheiyo Cement announced a 41.8 per cent YoY decline in net profit to JPY3.2bn (US$29.96m) for the quarter ending June 2020. However, operating profit advanced 17.1 ...
Dominican Republic market contracts 20% in 1H20
Cement sales in the Dominican Republic fell 20.3 per cent YoY to 1,835,598t in the first half of 2020 from 2,303,915t in the 1H19, reports the domestic cement association, Adoc...
Two Fijian cement companies issued stop order
Two cement factories were closed in Fiji last week after being issued a stop order by the Department of Environment, according to the Fiji Sun. The stop order was reportedly...
Misr Cement Co sees 330% surge in net profit
Egypt’s Misr Cement Co (Qena) has reported a 330 per cent surge in consolidated net profit to EGP63.25m (US$3.96m) for the first half of 2020, against EGP14.69m in the 1H19. ...
Loma Negra sees 30% decline in revenue for 2Q20
Argentina’s Loma Negra has announced a 30.1 per cent YoY decline in net revenue to ARS7453m (US$104m) in the second quarter of 2020. Consolidated adjusted EBITDA was also down ...
Eagle Cement sees 61% decline in net profit
Philippines-based Eagle Cement Corp has reported a 61 per cent YoY decline in net profit to PHP1.3bn (US$26.54m) for the first half of 2020, while net sales fell 44 per cent to...
Shree Cement sees 14% fall in net profit
India’s Shree Cement has seen a 13.5 per cent YoY fall in net profit to INR3.3bn (US$44.17m) for the June quarter of FY20-21, compared with INR3.82bn in the year-ago period. Re...
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