Penna Cement secures approval for IPO
India’s Penna Cement Industries Ltd has received approval from the Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). The company’s propos...
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YTL Corp sees cement revenue fall 4% in 9MFY19
YTL Corp Bhd released disappointing results for the 9MFY19 for its cement division. Cement revenue was down by four per cent YoY, but earnings were up 96 per cent YoY. The Mal...
Emami Cement looks to expand limestone mining capacity
India’s Emami Cement Ltd has announced plans to expand its limestone mining capacity from 5.5Mta to 9Mta at its operations in Kukurdih of Raipur district, Chhattisgarh. The pro...
IMP Automation Group boosts FLSmidth mining portfolio
Following the approval of the competition authorities, IMP Automation Group has now officially become a part of FLSmidth. With the acquisition, first announced in February, FLS...
Vietnamese clinker imports to China increase in 1Q19
Vietnamese cement exporters are starting to take significant market share in China as they succeed in undercutting domestic producers. Imports of clinker surged by more than 1...
Armenia places import duty on Iranian cement
Armenia's parliament has approved a 14,000/t duty to be set on imported cement from Iran. A total of 85 law makers voted in favour of the duty with 16 voting against and three ...
Shanshui Cement to work with Conch Venture on waste utilisation projects
China Shanshui Cement Group Ltd has entered into a strategic cooperation agreement with China Conch Venture Holdings Ltd to collaboratively develop projects for the treatment o...
BAI calls for regulatory authority to investigate cement price hikes
Mr V Sivarajan, president of the Builders' Association of India (BAI)'s Coimbatore branch, has hit out against recent price rises established by India's cement sector. The reta...
Sri Chakra Cement closes FY18-19 with INR55.9m net loss
Sri Chakra Cement reported a net loss of INR35.8m (US$515,506) in the quarter ended March 2019 compared to a net profit of INR16.9m in the year-ago quarter. The company’s sal...
LafargeHolcim’s Oggaz plant receives ISO 14001
The first cement plant in Algeria, LafargeHolcim’s cement plant in Oggaz has received the ISO 14001 (2015) environmental safety certificate. "Sustainable development, environ...
Ukraine moves to protect local cement industry
This week UkrCemFor 2019 got underway in Kyiv to focus on developments in Ukraine's cement sector. While the domestic industry is well supported by the four multinational produ...
Colombian cement market contracts 4% in April
National cement dispatches in Colombia declined 3.9 per cent YoY to 0.991Mt in April 2019 from 1.031Mt in April 2018, according to the country’s national statistics office, DAN...
Ramco Cements to invest INR35bn in expansion programme
India’s Ramco Cements has confirmed plans to invest INR35bn (US$501m) to expand its production capacity from 12Mt to 20Mt by 2020, following the conclusion of the country’s gen...
Eagle Materials to separate heavy and light material businesses
USA-based Eagle Materials’ board has approved a plan to separate its heavy materials and light materials businesses into two publicly-traded entities. Earlier this month, Sache...
Dangote releases 2018 sustainability report
Dangote Cement Plc has published its first standalone sustainability report and has confirmed its readiness to support the Nigerian Stock Exchange (NSE) in its ambition to host...
Lafarge Malaysia announces new managing director
Lafarge Malaysia has announced the appointment of Michael Yeoh Sock Siong as managing director of the company effective from 31 May. The company stated that he has been reposit...
Argos opens packaging plant in Dominica
Argos, a cement company of Grupo Argos, has opened a new packing plant on the island of Dominica in the Caribbean to allow a more reliable and timely supply of cement. The pla...
Anhui Conch elects Gao Dengbang as chairman to board
China-based Anhui Conch Cement Co Ltd has elected Gao Dengbang as chairman to the board during its eighth Board of Directors meeting. In addition, Wang Jianchao was appointed...
Lafarge Malaysia reduces net loss in 1Q19
Lafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cen...
Cement prices increase in northern Pakistan
Cement manufacturers in the northern region of Pakistan have reportedly increased the price of cement to rationalise their profit margin. As per BMA Capital channel checks, ...
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