CRH to divest European Distribution business to Blackstone
CRH plc has agreed to divest its European Distribution business to private equity funds managed by Blackstone for EUR1.64bn, subject to regulatory approval. The sale includes ...
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Dalmia Bharat reports 192% increase in net profit
India’s Dalmia Bharat Ltd has reported a 192.3 per cent YoY increase in consolidated net profit for the quarter ending 30 June, rising to INR1.52bn (US$21.82m) from INR520m. EB...
Saudi Cement producers profits recover in 2Q19
Saudi Cement posted net income of SAR92.3m (US$24.613m) in 2Q19 and profits were up 59 per cent in the period compared to 2Q18, but declined by 30.3 per cent compared to 1Q19....
Gulf Cement Co posts net loss in 2Q19
UAE-based Gulf Cement Co has posted an AED598,270 (US$162,905) net loss in the 2Q19, compared to an AED8.4m profit in the year-ago period. Sales costs increased to AED107m from...
Alaskan cement terminal approved
The Anchorage Assembly has approved funding to rebuild the city of Anchorage's docks at a cost of US$42.1m for the first phase of a US$200m programme that will see a petroleum ...
Cement shipments in USA slip to 9.3Mt
Total shipments of Portland and blended cement in the USA and Puerto Rico fell to 9.3Mt in May 2019, according to the US Geological Survey (USGS). The leading consuming states ...
FY20 to remain challenging for cement sector in Pakistan
Pakistani cement companies are scheduled to announce their 4Q annual results ended 30 June 2019. Mixed financial results are expected, despite two companies (Lucky Cement and A...
Holcim Philippines sees 28% fall in sales for 2Q19
Holcim Philippines has reported a 17 per cent YoY fall in net attributable profit to PHP716.15m (US$13.98m) for the 2Q19, while sales dropped 28 per cent to PHP7.28bn. In the...
Wonder Cement completes third line at Nimbahera
India’s Wonder Cement (RK Group) has launched the third line of its facility in Nimbahera, Chittorgarh, taking total capacity to 11Mta. The new capacity was built in one year a...
Local cement dispatch faces barrier in Pakistan
Pakistan cement industry is still persisting with the dispatch issue in the local market. The All Pakistan Cement Dealers Association (APCDA) is reluctant to lift the cement ca...
Lafargeholcim Bangladesh reports 46% net profit surge
LafargeHolcim Bangladesh has announced a 46 per cent YoY increase in net profit for the second quarter of 2019, according to a recent statement. The company also saw a 15.4 per...
Chile’s cement sales up 6% in May
Cement dispatches in Chile slipped 0.9 per cent MoM to 345,001t in May 2019, according to the Chilean Chamber of Construction (CChC). However, this represents a YoY increase of...
SCG reports falling revenue in Vietnam
Thailand’s Siam Cement Group (SCG) has seen a seven per cent YoY drop in its revenue from sales in Vietnam to VND7.9trn (US$339m) in the 2Q19, according to Vietnam News. Rev...
Protests in Nicaragua affect cement sector
Demonstrations against Daniel Ortega, president of Nicaragua, which began in April 2018, have reportedly had a negative impact on the country’s economy, according to Reuters. ...
LafargeHolcim doubles net income and reports 4% net sales growth
LafargeHolcim posted a like-for-like (LfL) net sales growth of 3.5 per cent YoY in the first half of 2019. Sales increased from CHF13.272bn (US$13.4bn) in the 1H18 to CHF13.059...
Eagle Materials notes record cement sales in 1Q
US-based Eagle Materials Inc has reported a six per cent YoY fall in revenue to US$370.5m for the quarter ending 30 June 2019. However, revenue in the Heavy Materials (cemen...
Lehigh Cement Co LLC orders new plant
KHD Humboldt Wedag Inc has signed a contract with Lehigh Cement Co LLC (HeidelbergCement) for the engineering, supply of equipment and structural steel and advisory services fo...
Yamama Cement reports 47% net profit increase in 2Q19
Saudi Arabia’s Yamama Cement has recorded a 46.6 per cent YoY increase in net profit for the second quarter of 2019, rising to SAR53.2m (US$14.19m) from SAR36.3m. The company...
Dangote Cement's group revenues slip 3% in 1H19
Dangote Cement Plc announced its unaudited results for 1H19 with group revenue reaching NGN467.7bn (US$1.291bn), down three per cent, and group EBITDA at NGN217.9bn, down 11.4 ...
Kesoram Industries plans geographical expansion
India’s Kesoram Industries (Birla Group) has announced that it will look to increase the geographical spread of its cement business across India. Currently, the company has 7.5...
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