CRH reportedly looks to sell Philippine operations
CRH is reportedly considering a sale of its Philippine cement business as the company seeks to raise cash by selling non-core assets, according to the Irish Independent. JP M...
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Algeria targets 6Mt of cement exports in 2020
Algeria's Minister of Industry and Mines has set a 6Mt target for the cement industry to export in 2020. The country only began cement exports in 2017. Mr Djamila Tamazirt, Mi...
Alexandria Portland Cement sees net losses narrow in 9M19
Egypt’s Alexandria Portland Cement has seen its consolidated net losses narrow by 61 per cent YoY to EGP96.58m (US$5.98m) during the first nine months of 2019, compared with lo...
Renewed interest in CIMAIKO
A Chinese company is reported to be interested in relaunching the CIMAIKO cement plant near Kisangani, in the Democratic Republic of Congo. A delegation consisting of Justine...
Bestway Cement to appoint new directors
Bestway Cement Ltd of Pakistan has announced holding of extraordinary general meeting of the company on 5 December 2019 to elect eight directors for the next term of three year...
Varied results for PSX listed cement producers in 1QFY19-20
The financial results of eight cement companies of Pakistan for the July-September 2019-20 period reveals that their profits shrank owing to weak sales, high financial charges ...
Adelaide Brighton uses 1Mt of RDF at Birkenhead plant
Adelaide Brighton has now used 1Mt of refuse-derived fuel (RDF) at its Birkenhead facility, South Australia, diverting 2Mt of waste from landfill sites. The Premier of South ...
Lebap Cement Factory exports 0.24Mta
Turkmenistan-based Lebap Cement Factory, owned by Polimeks Insaat, exported around 0.24Mta of cement, or 32.5 per cent of its production, in the first 10 months of 2019, accord...
Heidelberg Cement Bangladesh announces acquisition of ECBL & EPCL
Heidelberg Cement Bangladesh Ltd has informed the Dhaka Stock Exchange that the company's Board of Directors has approved the acquisition of 100 per cent of the shareholding of...
MI Cement announces formation of the three subsidiary companies
MI Cement Factory Ltd, manufacturer of cement in Bangladesh has informed that the Board of Directors of the company has approved formation of the three subsidiary companies ful...
Le Ciment du Sahel's quarry extension is put on hold
Residents of Bandia, a town east of Dakar, Senegal, are concerned about Le Ciment du Sahel's plans to extend its quarry by an additional 236ha, cutting into a Baobab reserve. T...
Brazilian sales up 9% in October
Cement sales in Brazil totalled 5.2Mt in October 2019, representing a 9.2 per cent increase when compared with October 2018, according to the country’s cement association, SNIC...
Dangote plans to construct 1.5Mta plant in Togo
Nigeria’s Dangote Industries Ltd has reportedly signed a contract with the government of Togo to build a cement factory in the country. The 1.5Mta grinding plant is expected to...
North Korea steps up industrial production
North Korean cement companies are among industrial firms being urged to increase production of building materials to meet their year-end quotas. North Korea has concentrated i...
Taiheiyo sees 7% drop in 1H net profits
Taiheiyo Cement reported a 1.7 per cent decline in group revenues to JPY431.39bn (US$3.95bn) in the first half of FY19-20 (ended 30 September 2019) from JPY438.7bn in 1HFY18-19...
The India Cements Ltd may put capex plans on hold
The India Cements Ltd said it may need to put its capital expenditure plans on the backburner if the current economic slowdown persists, reports The Times of India. "We may h...
Chia Hsin Cement reports 1% fall in revenues in Oct
Taiwan-based Chia Hsin Cement Corp posted a revenue of TWD176.789m (US$5.8m) in October 2019, slipped 0.9 per cent when compared with TWD178.401m reported for October 2018. I...
Slovakian cement companies to receive compensation over electricity prices
A total of EUR40m is to be redistributed to 76 energy-intensive companies in Slovakia, including the cement sector. CRH Slovensko and Povazská Cementáren are among the compan...
Kuwait Portland Cement 3Q profit down 75%
Kuwait Portland Cement Co reported a 75 per cent decline in net profit in the third quarter of 2019. The company achieved profits of KWD605,600 (US$2m) in the 3Q19, compared wi...
Eagle Cement Corp records 35% increase in net profit
Philippines-based Eagle Cement Corp has recorded a 35 per cent YoY increase in net profit to PHP4.7bn (US$92.3m) for the first nine months of 2019, on the back of higher sales ...
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