Adelaide Brighton achieves 1H19 revenue of AUD755.7m
Adelaide Brighton recorded 1H19 revenue of AUD755.7m (US$506.1m), down 6.3 per cent on 1H18 due to a softening of residential and construction demand. EBIT stood at AUD85.2m, p...
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Fauji Cement sees 17% decrease in profit
Pakistan's Fauji Cement Co recorded a 17 per cent fall in profit to PKR2.824bn (US$17.7m) for the year ended 30 June 2019, compared with PKR3.429bn in the FY18. Revenue was mos...
Pakistan's FDI slips in July 2019
Pakistan received foreign direct investment (FDI) of US$168.4m in July 2019, compared to US$264.6m received in July 2018. This represents a fall of 36.4 per cent YoY. The d...
Boral reports net profit of AUD486m in FY19
Boral reported net profit of AUD486m (US$325.7m) for the full year ended 30 June 2019, six per cent down on FY18. Sales revenue was steady at AUD5863m on FY18 and sales revenue...
Dongwu Cement reports 12% rise in 1H profit
Dongwu Cement reported a turnover of CNY251.739m for the first six months of 2019, representing an increase of 14.7 per cent YoY, according to a company to the Hong Kong Stock ...
Sinai Cement records 20% loss increase in 1H19
Egypt’s Sinai Cement has seen its net loss widen 20.2 per cent YoY to EGP187.23m (US$11.3m) during the first six months of 2019, compared with EGP155.74m in the 1H18. The cost...
Bangladesh revises export target for cement in FY20
The Bangladesh Export Promotion Bureau (EPB) has set an export target for cement industry at US$10.50m for financial year 2019-20 (July 2019-June 2020) compared to US$14m, earm...
Uzbekistan’s Akhangarantsement sets monthly shipment record
Uzbek cement producer Akhangarantsement produced 1.1Mta, up 29 per cent YoY, in the first seven months of 2019. In July 2019 the company delivered 190,349t of cement, represe...
CNBM expects demand to increase in the 2H19
China’s CNBM is expecting domestic cement demand in the 2H19 to increase from the first half, alongside pricing improvements compared to the previous year, due to the tradition...
Safi CO2 helps grow Omega Green algae
Omega Green, the algae cultivator in Eemshaven, The Netherlands, has opened a 1ha production location in Safi, Morocco. The company will use the CO2 emitted by HeidelbergCement...
Raysut Cement and Bank Nizwa sign OMR19.5m financing agreement
Raysut Cement Co has signed a OMR19.5m (US$50.6m) agreement for Shari’a-compliant financing facilities with Oman-based Islamic lender Bank Nizwa. The facilities consist of lon...
LafargeHolcim's takeover of Somaco to be investigated
Romania's competition authority is to analyse LafargeHolcim's acquisition of Romanian precast concrete producer Somaco. LafargeHolcim had signed an agreement in July with Roman...
Pakistan cement production drops in FY19
The overall output of large-scale manufacturing industries (LSMIs) decreased by 3.6 per cent for July 2018-June 2019 compared to the year-ago period, according to the Pakista...
Jaime Hill appointed as CEO of Holcim Mexico
Jaime Hill has been appointed as the CEO of Holcim Mexico, as the company looks to strengthen operations and consolidate the firm in the cement, aggregate, concrete and value-a...
Tourah Cement rejects kiln auction result
Tourah Cement rejected the auction result to sell off the old kilns of its Tourah plant as a result of the low price received. They are to be reauctioned later. The proceeds ...
Czech cement market can ride the construction wave
This week Cemex reported that its cement sales in the Czech Republic had increased by 70 per cent and yet it had still made a net loss of US$13.18m in 2018. Cemex's 2018 resu...
Misr Cement (Qena) records 85% decrease in profit
Egypt’s Misr Cement (Qena) has reported an 85.2 per cent YoY fall in profit to EGP14.69m (US$886,660) for the first six months of 2019, compared to EGP99.37m in the year-ago pe...
Bamburi Cement 1H19 pretax profit declines
Bamburi Cement reported a turnover of KES18.663bn (US$181.18m) in the1H19, up 0.6 per cent when compared with KES18.556bn in the 1H18. The Kenya-based cement producer’s preta...
Hail Cement resumes operations after shutdown
Saudi Arabia’s Hail Cement has resumed operations of its production line after shutting down for maintenance works . However, cement crushers and its packaging line remained a...
Maple Leaf Cement wins corporate report award
Maple Leaf Cement (MCL) and its sister concern Kohinoor Textile Mills of Pakistan have won the 'Best Corporate Report Award' for the year 2018 in their respective sectors. The ...
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