CIMERWA set to list shares on stock exchange
Rwandan cement producer CIMERWA is set to list its shares on the Rwandan Stock Exchange on 3 August, the company said in a press statement. Each share is trading at RWF120 (US¢...
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Pakistani cement and construction FDI down in FY19-20
The State Bank of Pakistan (SBP) has released foreign direct investment (FDI) data for June 2020 and the FY2019-20. FDI surged by 45 per cent MoM to US$174.8m in June while for...
Sutco RecyclingTechnik GmbH wins order to build Subcoal® production line for N+P
N+P has signed a contract to rebuild its Dutch production line, Subcoal Production FRM BV, located in Farmsum, The Netherlands. The new production line will have a capacity of ...
Martin Marietta reports 1H cement gross profit up 26%
US-based building materials producer Martin Marietta posted total revenues of US$1.27bn in the 2Q20, representing a marginal decline from US$1.28bn in the 2Q19. However, the ...
Pakistani cement output falls 35% in May
Pakistan's Federal Bureau of Statistics (PBS) has released production data for May and the 11-month period of July 2019-May 2020. The overall output of large-scale manufactu...
Breedon Group sees revenue decline by 25% to GBP353.3m in 1H20
Breedon Group Plc announced its interim (unaudited) results for the six months ended 30 June 2020 with revenue reaching GBP353.3m, representing a 25 per cent drop from GBP447.4...
UltraTech Cement's consolidated net sales reach INR75,630m in 1QFY21
UltraTech Cement Ltd’s (Aditya Birla Group) consolidated net sales reached INR75,630m (US$1.01bn) in the 1QFY21 compared to INR112,290m in the 1QFY20. Profit before interest, d...
Mondi Paper Bags acquires two cement bag lines in Egypt
Mondi Paper Bags, part of Mondi Group, a leading global packaging and paper manufacturer, has acquired two paper bag lines from Helwan Cement Co and InterCement Sacs, two major...
Bruks Siwertell wins ship unloader order for Jurong Port
Bruks Siwertell has secured a prestigious new order that will see the company deliver three new Siwertell ship unloaders to Jurong Port in Singapore. The trio of ST 490-M screw...
Xinjiang Tianshan set to acquire six CNBM subsidiaries
Xinjiang Tianshan Cement Co Ltd is in talks with China National Building Material Co Ltd (CNBM), about the acquisition of six of CNBM's cement-making subsidiaries, according to...
Cemex sales decline by 10% in 2Q20
Cemex reported significant disruption from COVID-19 in 2Q20. Sales declined by 10 per cent YoY and EBITDA fell by six per cent to US$554m. These decreases were attributed to lo...
India Cements post 77% drop in 1Q net profit
India Cements reported a 76.5 per cent fall in its net profit to INR169.6m (US$2.3m) in the first quarter of FY20-21 from INR722.1m in the 1QFY19-20. Total income declined 48...
Cemex Latam Holdings sales decline 36% in 2Q20
Cemex Latam Holdings, SA announced that in a quarter marked by significant disruption from the COVID-19 pandemic, sales declined by 36 per cent in 2Q20, while EBITDA fell by 32...
Yamama Cement Co reports 2% slip in 2Q revenues
Yamama Cement Co reported a 2.2 per cent slip in 2Q revenues to SAR161.7m (US$43.1m) in the 2Q20 when compared with SAR165.3m in the 2Q19. The company’s net profits declined ...
Quinn Cement takes delivery of new Feldbinder cement tankers
Quinn Cement has received delivery of five new Feldbinder triaxle cement tankers as part of Quinn Building Products' Fleet and Mobile Plant Replenishment Programme in Northern ...
Najran Cement posts 1H results
Saudi Arabia-based Najran Cement reported sales of SAR121.5m (US$32.4m) in the second quarter of 2020. The company’s gross profit reached SAR50.3m while its operational profit ...
Dangote's 1H20 results see 2% revenue growth
Dangote Cement reported group revenue up two per cent to NGN476.9bn (US$1.23bn) in the 1H20. Group EBITDA rose to NGN218.1bn and pan-African EBITDA increased by 31.6 per cent t...
US cement shipments down 8% in April
Shipments of Portland and blended cement in the US and Puerto Rico fell 7.5 per cent YoY to 8.1Mt in April 2020, according to the US Geological Survey (USGS). The leading cem...
Ciments de Bizerte sees 1H turnover up 2%
Tunisian cement producer Ciments de Bizerte has seen its total turnover expand 1.6 per cent YoY to TND42.781m (US$15.6m) in the first half of 2020. Domestic turnover edged up ...
Lebanese cement plants call for restart quarries
Cement companies in Lebanon have called on the authorities to authorise the restart of their quarries, which they said activity had been for nearly seven month due to measures ...
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