Venezuelan cement output below 50% of market requirement
The production of cement in Venezuela is less than half of the country’s demand of 18Mt, according to El Impulso. Output is currently down from 9Mt to 4Mta, due to issues with ...
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Central Bank reviews Pakistan's cement industry performance in FY19
Pakistan State Bank has released its annual report for the FY2018-19, in which the bank reviewed the performance of all sectors, including the country's cement industry. Real G...
Azerbaijan Gazakh cement plant to raise output
Azerbaijan-based Gazakh cement plant plans to raise its cement output from a current 1Mta to 1.2Mt by the end of the year. A further increase is scheduled for next year, when t...
Asia Cement (China) Holdings Corp posts 40% 9M profit rise
Asia Cement (China) Holdings Corp has reported a 16.3 per cent advance in revenues to CNY9.18bn (US$1.299bn) in the 9M19 when compared with CNY7.89bn in the 9M18, according to ...
Southern Province Cement reports 46% rise in 3Q sales
Saudi cement producer Southern Province Cement Co saw its net profit after zakat and tax surge to SAR90.3m (US$24m) in the 3Q19 from SAR5.4m in the 3Q18. Third-quarter sales r...
Tanga Cement sees 1H sales slip 1%, net loss widens
Tanzania-based Tanga Cement saw its first-half sales edge down by one per cent YoY to TZS97.63bn (US$42.4m) in 2019 from TZS98.88bn in the1H18, according to the company’s unaud...
FLSmidth records 3Q19 order intake down 36%
FLSmidth's order intake for the 3Q19 amounted to DKK4571m (US$704.5m), a decline of 36 per cent compared to the 3Q18. The performance is explained by a sharp decline in the c...
Cemex Philippines reports 9M net profit
Cemex Holdings Philippines Inc posted a net income of PHP875m (US$17.1m) in the first nine months of 2019, a reversal from the 9M18 loss of PHP663m as operating margins increas...
Arabian Cement 3Q profit triples
Arabian Cement Co saw its net profits after zakat and tax surge to 320.8 per cent to SAR60.6m (US$16.2m) in 3Q19, compared to SAR14.4m in the 3Q18, reports Mubasher. Revenues...
Cement Co of Nigeria doubles 9M revenues
Cement Co of Nigeria saw 9M revenue advance 117.2 per cent to NGN42.51bn (US$5.3bn) in 2019 from NGN19.57bn in the 9M18, reports Reuters News. In addition, the company posted...
Carthage Cement reports 7% rise in 9M revenues
Tunisia-based Carthage Cement saw total turnover increase by seven per cent YoY to TND183m (US$64.6m) in the 9M19 from TND171m in the 9M18, according to African Manager. Turnov...
No large acquisitions for LafargeHolcim
LafargeHolcim does not expect to be bidding for BASF’s construction chemicals business, according to CEO, Jan Jenisch. Following the divestment of some of its businesses and...
GCCA welcomes two new members and three affiliates
The Global Cement and Concrete Association (GCCA) has added two new member companies and three new affiliates. Membership now totals 38 member companies and 18 affiliates. The...
Gwana Cement Factory to produce cement in US$864m deal
Nigeria’s Bauchi State Government has signed a US$864m deal with an American investment company to produce cement at the Gwana Cement Factory. Bauchi State Governor, Senator...
Cementos Polpaico sees 23% earnings rise in 9M19
Chile-based Cementos Polpaico, owned by the Hurtado Vicuña Group, reported earnings of CLP3869.19m (US$5.32m) in the 9M19, representing a rise of 22.8 per cent YoY. In the firs...
Egyptian market sees higher utilisation rates in 3Q19
Egyptian cement has seen a recovery in its 3Q19 sales. Total dispatch volumes in 3Q19 for 20 cement companies researched by Naeem Holdings were up 6.3 per cent QoQ, while utili...
Qassim Cement sees profits surge in 3Q19
Saudi Arabia’s Qassim cement has seen its net profits after zakat and tax advance to SAR90.16m (US$24m) in the third quarter of 2019, from SAR5.68m in the 3Q18. The increase in...
Higher prices ensure Holcim Philippines receives better 9M19 earnings
In a disclosure to the Philippine Stock Exchange, Holcim Philippines Inc said EBITDA almost doubled in the 9M19 to PHP1.2bn (US$23.4m) on cost improvements across all its opera...
Cement companies announce dividends in Bangladesh
Two companies, out of seven listed cement companies in the Dhaka Stock Exchange (DSE) of Bangladesh, have announced cash dividends, subject to approval in the scheduled annual ...
Najran Cement posts SAR14.1m 3Q profit
Najran Cement Co saw its profits rise to SAR14.13m (US$3.77m) in the 3Q19, up from losses of SAR23.7m in the 3Q18, according to the company’s statement to the Saudi Stock Excha...
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