Pakistan’s Dadabhoy Cement Industries Ltd narrows 9M loss
Pakistan-based Dadabhoy Cement Industries Ltd reported an operating loss of PKR1.73m (US$10,796m) in the nine-month period ended 31 March 2020, compared to an operating loss of...
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Holcim Philippines sees 29% fall in net profit
Holcim Philippines has reported a 28.7 per cent fall in its net profit to PHP501.54m (US$9.93m) for the first quarter of 2020, compared to PHP703.86m in the year-ago period. ...
Indian cement prices may increase this week
An INR20 (US$0.26) price hike on all grades of cement in India could take place on Friday, according to The New Indian Express. Before the increase, the price of a 50kg cement ...
Holcim Philippines funds local hospitals in COVID-19 fight
To contribute to the Philippine's fight against COVID-19, Holcim Philippines Inc is donating part of its corporate citizenship budget for funds towards medical supplies for ho...
PPC announces operational update for April
PPC has released an update for its African operations during April. PPC Barnet in the DRC has been able to continue to operate and is expected to produce similar volumes compar...
Cemex's regional cement sales partially offset domestic market slump in 2019
Cemex released its 2019 20F annual report this week, which highlights a significant fall in cement volumes in the company's domestic market of Mexico before the impact of COVID...
LafargeHolcim's net sales fall to CHF5.293bn in 1Q20
LafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q2...
Cemex sees consolidated net sales rise by 2% in 1Q20
Cemex announced a like-for-like consolidated net sales increase of two per cent during the 1Q20 to US$3.1bn compared to the 1Q19. Operating EBITDA rose by one per cent to US$53...
Breedon Group prepares to progressively reopen facilities
Breedon Group Plc plans to progressively reopen some operations in a number of regions in Great Britain and in the Republic of Ireland, where customer demand supports it and wh...
Anhui Conch Cement sees net profit decrease 19%
China-based Anhui Conch Cement has seen its net profit fall 19.2 per cent YoY to CNY4.91bn (US$693.3m) in the first quarter of 2020, compared to CNY6.08bn in the 1Q19. Reven...
Cemex Latam Holdings sees an 11% decline in 1Q20 net sales
Cemex Latam Holdings (CLH) announced consolidated net sales of US$214m in 1Q20, a decline of 11 per cent compared to 1Q19. Operating EBITDA reached US$46m in the period, down 1...
China Shanshui Cement records 29% revenue fall
China Shanshui Cement has recorded a 29 per cent fall in operating revenue to CNY1.83bn (US$258.83m) in the first quarter of 2020, compared to CNY2.58bn in the corresponding pe...
Cementos Pacasmayo reports 4% fall in revenue
Peru’s Cementos Pacasmayo has seen a 4.4 per cent YoY fall in revenue to PEN299.3m (US$88.88m) in the first quarter of 2020, against PEN313.2m in the 1Q19. Net income dropped 6...
ScanTogo and CimBénin donate EUR39,636 to biosphere reserve
ScanTogo and CimBénin (HeidelbergCement group) have donated EUR39,636 to support a project for the Sustainable Management of Biodiversity in the Mono Transboundary Biosphere Re...
SCG reports 6% fall in revenue in the 1Q20
Thailand’s Siam Cement Group (SCG) has seen a six per cent YoY drop in revenue to THB105bn in the first quarter of 2020. Profit decreased 40 per cent YoY to THB6.97bn, due to t...
GCC sees 11% rise in consolidated net sales for 1Q20
Mexico’s Grupo de Cemento de Chihuahua (GCC) has announced an 11 per cent increase in consolidated net sales to US$181.4m for the first quarter of 2020. EBITDA also advanced 18...
Aker Solutions' carbon capture technology approved by DNV GL
DNV GL, the technical advisor to the oil and gas industry, has approved as qualified, technology for a full-scale demonstration project in Norway to remove carbon emissions at ...
Qizilqumsement reports 78% surge in net profit
Uzbekistan’s Qizilqumsement, the country’s largest producer, reported a 78.3 per cent increase in net profit to US$6.8m in the first quarter of 2020, according to Trend News. ...
Caribbean Cement reports 2% revenue increase
Jamaica-based Caribbean Cement reported a modest two per cent YoY improvement in revenue to JMD4.54bn (US$33.49m) for the first quarter of 2020. However, overall consolidated n...
Suez Cement announces new chairman
Egypt’s Suez Cement Group has appointed Ambassador Yasser El-Naggar as the new chairman of the group, effective from 23 April. Mr El-Naggar has succeeded Hayrullah Hakan Gurdal...
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