Adelaide Brighton updates its forecast for 2019
Australia’s Adelaide Brighton has issued a profit warning for the 2019 period, stating that its underlying profit is expected to fall around 37 per cent YoY to AUD120-130m (US$...
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Siam Cement Group Cambodian sales revenues top US$226m in 1H19
Siam Cement Group Public Co (SCG) announced sales revenues of US$226m in Cambodia in 1H19, an increase of 11 per cent on 1H18, mainly due to higher cement sales. SCG raised US...
HeidelbergCement reports 7% rise in revenues in 1H19
Germany-based HeidelbergCement posted revenues of EUR9.2bn, representing a seven per cent increase YoY from EUR8.4bn in the 1H18. However, market dynamics weakened in the se...
Cementir Holding announces 1H19 revenues of EUR591.9m
Cementir Holding has released its results for 1H19. Revenues rose to EUR591.9m up from EUR588.5m in 1H18, while EBITDA stood at EUR110.1m, up 14 per cent compared to EUR96m in ...
CG Cement plans new plant in Sri Lanka
Nepal’s CG Cement has announced plans to invest US$150m to set up a new plant in Mannar, Sri Lanka. According to Binod Chaudhary, owner of the company, it has already received ...
Lucky Cement profit squeezes in FY19
Lucky Cement Ltd informed the Pakistan Stock Exchange (PSX) on 29 July that its net profit after tax during FY19 stood at PKR10.5bn (US$65.16m), down 14 per cent YoY. The resul...
Orient Cement sees 249% rise in net profit
India’s Orient Cement has reported a 7.5 per cent YoY rise in total income for the quarter ending 30 June 2019, rising to INR6.91bn (US$100.56m) from INR6.43bn. Net profit fo...
Clinker transport returns in Port of Málaga
Following a stoppage of several months, the transport of clinker has resumed in the Port of Málaga, Spain, after the installation of a pioneering conveyor belt. The first shipm...
Panama improves cement quality requirements and standards
Panama’s Minister of Trade and Industry, Ramón Martínez, signed two ministerial resolutions aimed at improving the requirements and standards of cement quality, both for domest...
Attock Cement profit falls in FY19
Attock Cement Pakistan Ltd (ACPL) has announced its FY19 results, reporting a net profit after tax fall to PKR2.073bn (US$12.86m) from PKR4.4bn in FY18, down 53 per cent on Yo...
Cemex Holdings Philippines reports improvement in 1H19
Cemex Holdings Philippines (CHP) saw a significant improvement in net profit for the first six months of 2019, reversing its previous PHP582m (US$11.39m) net loss to a PHP802m ...
CCNN records 166% rise in revenue for 1H19
The Cement Company of Northern Nigeria has reported a 166 per cent YoY increase in sales revenue for the first six months of 2019, rising to NGN32.1bn (US$88.8m) from NGN12.11b...
Saudi Arabia to reimpose cement export fees
After two-years of freezing cement and steel export fees, Saudi Arabia will begin levying fees on cement leaving the country in a bid to prop up falling oil revenues. The ba...
Najran Cement narrows net loss in 2Q19
Saudi Arabia’s Najran Cement has narrowed its net loss to SAR2.6m (US$693,333) in the 2Q19, compared with SAR31.7m of the year-ago period. Sales rose 38 per cent YoY to SAR76.3...
Ciments du Maroc to acquire Atlantic Cement and Cimsud
Ciments du Maroc has announced it has signed an agreement with Anouar Invest for the acquisition of two cement companies, Atlantic Ciment and Cimsud. Atlantic Cement is curre...
Ciments de Bizerte posts 5% rise in 2Q turnover
Ciments de Bizerte posted a 4.5 per cent rise in turnover to TND22.4m (US$7.8m) in the second quarter of 2019 when compared with the equivalent period in 2018. Cement product...
Ambuja Cement records 1.2% increase in standalone net sales
India’s Ambuja Cement (LafargeHolcim) has announced a 1.2 per cent YoY increase in standalone net sales to INR57.59bn (US$834m) for the 1H19. EBITDA rose 2.9 per cent to INR11....
Foreign cement vessel yet to be salvaged in Sri Lanka
The general cargo vessel Sri Lanka Glory, which brought cement clinker to Sri Lanka and later ran aground at Rumassala, Galle, southern Sri Lanka, due to inclement weather last...
UAE cement prepares for Expo 2020
This week CemNet reported on the cooperation agreement between two cement producers in the UAE – Al Ain Cement Factory (Arkan Group) and National Cement Factory. This is the la...
Cemex Latin America sees sales fall to US$249m in 2Q19
Cemex Latin America Holdings SA announced consolidated net sales of US$249m in 2Q19, a YoY fall of 11 per cent in US dollar terms or by four per cent in local currency terms. O...
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