ACC shows 45% increase in profit for the 3Q19
India’s ACC (LafargeHolcim) saw its consolidated net profit rise 44.7 per cent YoY to INR3.03bn (US$42.25m) in the 3Q19, on the back of a three per cent climb in net sales to I...
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Moroccan cement deliveries up 9% in September
Cement dispatches in Morocco increased by 9.4 per cent YoY to 1.14Mt in September, up from 1.04Mt in September 2018, according to the country’s cement association, APC. Shipm...
Blackstone enters race for Emami Cement
Blackstone Group Inc (KKR & Co) are reported to be contemplating a bid for Indian conglomerate Emami Group and Emami Cement Ltd. Bloomberg reports that TPG Capital is also con...
Yamama Cement sees revenue surge 73% in the 3Q19
Saudi Arabia’s Yamama Cement Co has returned to profit in the 3Q19, posting a SAR45.7m (US$12.1m) profit against losses of SAR46.3m in the year-ago quarter. Revenue also surged...
Cementos Argos and Dinant Corp sign co-processing agreement
To foster the sustainability of their production processes in Honduras, Cementos Argos and Dinant Corp have signed an agreement for the disposal of post-industrial waste genera...
Al Jouf Cement renews export licence
A company statement for Al Jouf Cement of Saudi Arabia stated that the company has received its renewed cement export licence as well as a new clinker export licence on 15 octo...
Iran’s Qeshm works exports 2500t of cement to Somalia
A consignment of 2500t of cement was exported by Qesh cement plant, Hormozgan, Iran, to Somalia, according to Hormuz Amiri, head of development and trade at Qeshm Free Trade Zo...
Taiwan's Asia Cement joins WCA
Asia Cement of Taiwan has joined the World Cement Association (WCA) as a corporate member. Asia Cement produces 5Mta of cement from its three cement plants in Hsinchu, Hualien ...
Al-Maslamia cement plant expected to be privatised
The Al-Maslamia cement plant in northern Aleppo, Syria, has been the subject of negotiations between Katerji International Group and Syria's General Organisation for Cement and...
Attock Cement profit falls 16% in 1QFY19-20
Attock Cement Pakistan Ltd (ACPL) of Pakistan has announced its financial results for the first quarter ended 30 September 2019. It declared a net profit of PKR357m (US$2.3m), ...
GuarantCo files a petition for insolvency against Calcom Cement
Mauritius-based GuarantCo has filed a petition for insolvency against Calcom Cement India (Dalmia Cement (Bharat)), regarding an alleged non-payment of around INR1bn (US$14m). ...
LafargeHolcim and ADEME Occitanie inaugurate new waste processing plant
LafargeHolcim and the French environment and energy agency ADEME have inaugurated a new solid waste processing plant at LafargeHolcim’s Port-la-Nouvelle. The facility will proc...
Raysut Cement sees 9% decline in revenue for 9M19
Oman’s Raysut Cement Co has announced an 8.5 per cent fall in total revenue to OMR62.13m (US$161.58m) in the nine months ended 30 September 2019, compared with OMR67.89m in the...
Holcim Croatia acquires Readymix Croatia
Holcim Croatia has acquired Readymix Croatia and is expected to invest in a newly-acquired quarry site following the transaction. Although the financial details of the deal wer...
Chilean cement dispatches up 7% in August
Cement dispatches in Chile increased 7.3 per cent YoY to 369,337t in August 2019 when compared with August 2018, when they reached 344,084t, according to the Camara Chilena de ...
Kwanza Sul to increase output to 1.05Mta
From 2020 Fábrica de Cimento do Kwanza-Sul (FCKS) plans to increase production at its Sumbe plant in Angola to 70 per cent of its 1.5Mta cement capacity, according to its Direc...
FLSmidth adjusts 2019 EBITDA guidance
FLSmidth revises its financial guidance for the full-year 2019. Revenue is now expected to be in the range of DKK20-21bn (US$2.95-3bn). The EBITA margin is now expected to be...
Semen Indonesia replaces Holcim brand with Dynamix
After being acquired by PT Semen Indonesia (Persero) Tbk, PT Solusi Bangun Indonesia Tbk (SBI) has changed its Holcim cement brand to Dynamix. The name change was carried out a...
Al Tasnim Cement opens ready-mix plant in Oman
Al Tasnim Cement Products Division has launched its new ready-mix plant in Duqm, Al-Wusta, Oman. The plant is situated in the industrial Special Economic Zone and will produce ...
Sharjah Cement elects new chairman
UAE-based Sharjah Cement has elected Othman Mohammed Sharif Abdullah as its new chairman and board member, according to a bourse statement on Sunday. The election was made dur...
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