Azerbaijan sees cement production decline in January
Azerbaijan has recorded a 24 per cent YoY fall in cement production to 191,900t in January 2020, according to the country’s State Statistical Committee. However, ready-mix conc...
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Legislative Assembly approves Costa Rican cement tax
In the first debate, Costa Rica’s Legislative Assembly has approved a bill that seeks a five per cent tax on the sale of all cement. The initiative establishes that the tax ...
Pakistan's cement industry likely to grow at average rate of 5%
Pakistan's cement industry is likely to grow at an average rate of five per cent in coming 4-5 years, anticipates by local research house. Analysts assumed local cement dispatc...
Kuwait Portland Cement records 26% decline in profit
Kuwait Portland Cement has announced a 26.4 per cent YoY decrease in 2019 profit to KWD7.59m (US$24.88m), compared with KWD10.32m a year earlier. Operating revenue also decline...
Semen Indonesia's rebirth
With the new name of Semen Indonesia Group (SIG) and a new logo, PT Semen Indonesia announced this week a radical change for the company that will reinforce its transformation ...
GCC reports record 4Q19 US net sales
Grupo de Cemento de Chihuahua (GCC), the Mexican cement producer that serves cement and concrete markets in USA, Mexico and Canada had 4Q19 consolidated net sales increased 11 ...
Ambuja Cement sees revenue up 6% in the 4Q19
India’s Ambuja Cement (LafargeHolcim) has reported a 47.6 per cent YoY decline in consolidated net profit to INR7.22bn (US$100.4m) for the December 2019 quarter, against INR13....
Fauji Cement reports shrinkage in profit for 1HY19
Cement players in Pakistan continue to report losses due to increase in cost of sales and finance charges during first half of the current financial year 2019-20. Fauji Cement ...
Turkmenistan exports 0.256Mt in 2019
Turkmenistan’s Lebap cement plant in Koytendag district exported 256,000t, or nearly 30 per cent of its production, in 2019. The majority of exports were M400 and M500 cement...
Malayan Cement announces 4Q19 net loss of US$9.1m
Malayan Cement Bhd remained in the red in 4Q19, making a net loss of MYR38.55m (US$9.1m). The group has changed its financial year end to 30 June 2020 from 31 December 2019 aft...
SungShin Cement posts 11% net profit rise
South Korea’s SungShin Cement has reported a full-year revenue of KRW714.64bn (US$590.2m) in 2019, 3.9 per cent up when compared with KRW688.07bn reported in 2018. However, o...
GCCA launches 'Concrete Stories' campaign
The Global Cement and Concrete Association (GCCA) and its member companies have launched ‘Concrete Stories’ a major new global communications campaign that aims to increase awa...
Ambuja Cements names Neeraj Akhoury as MD and CEO
Ambuja Cements has appointed Neeraj Akhoury as its new managing director and chief executive officer with effect from 21 February 2020, the company said in a press release. He ...
Indian cement producers expect higher-sulphur petcoke import in 2020
India’s cement sector is expected to increase its imports of high-sulphur petcoke in 2020 as it aims to boost production, according to company executives. Indian use of petco...
Cemex announces new climate action strategy
Cemex has announced a new Climate Action Strategy to outline the company's vision to advance towards a carbon-neutral economy and to address society's increasing demands more e...
Malaysia's construction sector to grow by 4% in 2020
Malaysia's construction sector will expand by 3.5 per cent, in real terms, in 2020, according to a report by Fitch Solutions. Nominal growth of the country’s construction sect...
Profit of Bestway Cement falls in 1HY19
Bestway Cement Ltd (BWCL) announced its financial results for the half year ended 31 December 2019. According to financial results sent to Pakistan Stock Exchange (PSX), today,...
IMO 2020 rules – likely to be blessings for cement industry in Pakistan
Pakistan's cement industry is likely benefit from competitive furnace oil instead of the more costly re-gasified liquefied natural gs (RLNG) for power generation, if it is allo...
LafargeHolcim CEO endorses worldwide initiative to promote human rights
LafargeHolcim CEO, Jan Jenisch, has joined today the Call to Action for Business Leadership on Human Rights by the World Business Council for Sustainable Development (WBCSD). ...
Heavy rains impact Brazil's January cement sales performance
Cement sales in Brazil during January 2020 fell by 0.9 per cent YoY to 4.5Mt as heavy rains in the north and southeast impaired performance, the National Union of the Cement In...
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