Sinai Cement sees net losses widen in 1Q20
Egypt’s Sinai Cement saw its net losses widen 35 per cent YoY to EGP105.44m (US$6.5m) in the first quarter of 2020, compared to a loss of EGP78.16m in the corresponding period ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Jan-May exports from Turkey up 37%
In the January-May 2020 cement and clinker exports from Turkey surged 37 per cent to 9.8Mt, according to the Turkish Cement Manufacturers’ Association (TÇMB). Export revenues a...
Dalmia Bharat posts 4Q net profit of INR240m
Dalmia Bharat reported a consolidated net profit of INR240m (US$3.2m) for the fourth quarter ended 31 March 2020. The company posted a net profit of INR2.63bn in the January-...
VICEM Ha Tien Cement submits targets for 2020
Vietnam’s VICEM Ha Tien Cement reported a five per cent YoY rise in net revenue to VND8839bn (US$379.79m) and profit before tax of VND928bn (up 14 per cent YoY) in 2019. Howe...
Dangote Cement starts Senegal exports and sets new target
Nigeria’s Dangote Cement exported its first shipment of clinker to Senegal during the weekend. The 27,800t shipment set off from the company’s terminal in Apapa Port, Lagos. ...
MPA calls for reform of mineral planning system
The Mineral Products Association (MPA) has published a policy paper calling for reform of the mineral planning system to ensure future supply to support housing and infrastruct...
Telangana producers asked to cut prices
Telangana’s Minister of Municipal Administration, KT Rama Rao, and Prashanth Reddy held a meeting with cement industry leaders to ask them to reduce prices to INR230/bag so tha...
Arabian Cement reports 153% surge in profit to EGP15.9m
Egypt’s Arabian Cement Co has reported a 153 per cent YoY surge in consolidated net profit for the first quarter of 2020, rising to EGP15.91m (US$983,519) from EGP6.3m in the 1...
Federal Budget FY21 impacts positively on the cement industry in Pakistan
Hammad Azhar, Pakistan's Federal Minister for Industries and Production, on June 12 unveiled a tax-free federal budget for FY20-21 in Parliament with a total outlay of PKR7.136...
Northern Region Cement sees 78% rise in profit
Saudi Arabia’s Northern Region Cement Co has reported a 78 per cent increase in net profit to SAR27.6m (US$7.36m) in the first quarter of 2020, compared to SAR15.5m in the year...
HeidelbergCement Trading names new CEO
Dr Carsten Sauerland will assume the role of CEO of HeidelbergCement Trading (HCT), effective 1 September 2020. Dr Carsten Sauerland becomes HC Trading's new CEO from...
Boral appoints new CEO/MD
Australia-based Boral Ltd has appointed Zlatko Todorcevski as its new CEO and managing director, effective 1 July 2020. He succeeds Mike Kane, who will retire from Boral in S...
Experiences with alternative fuels
This week Cemtech hosted a live webinar on best practice for alternative fuels (AF) with renowned speakers from VDZ, FLSmidth and W&P Zement explaining how the cement industry ...
Economic survey reviews Pakistan cement industry for FY19-20
The Pakistan government has released its economic survey for FY19-20 on the eve of the Federal Budget FY20-21. The survey reviews government incentives for the cement industry,...
Akhangarancement sets record shipment figures in May
Uzbekistan’s Akhangarancement, part of Eurocement, shipped a record monthly shipment of more than 180,000t of cement in May 2020, up 10.6 per cent YoY. Gennady Kulikov, gene...
Indonesian export shipments surge 41% in May
Cement and clinker exports from Indonesia advanced 41 per cent YoY in May to reach 625,650t, according to the Indonesian Cement Association (ASI). In May 2019 cement and clinke...
CRH Romania posts 15% turnover increase in 2019
CRH Romania reported a turnover of RON1.1bn (US$257.45m) in 2019, a 15 per cent YoY increase compared to the previous year, according to data published on Ministry of Finance's...
Chilean cement demand down 23% in April
Cement consumption in Chile contracted by 22.9 per cent YoY to 268,319t in April 2020 from 348,151t in April 2019, according to the Chilean construction chamber, CChC. In the...
Lafarge Cement appoints new Cookstown plant manager
Lafarge Cement (Aggregate Industries) has appointed John Mulgrew as the new plant manager of its renowned Cookstown cement plant in Northern Ireland. Mr Mulgrew succeeds Russe...
PIC reduces shareholding in PPC
PPC's largest shareholder, Public Investment Corp (PIC) has reduced its shareholding in the South African cement producer from 25 to 19.92 per cent. "The PIC’s disposal of sha...
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