Bolivia cement imports down 30% in 2018
Cement imports into Bolivia fell by 29.6 per cent YoY in 2018 and continue to decline, according to the Bolivian Institute for Exterior Commerce (IBCE). "In 2017 Bolivia impo...
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Buzzi Unicem reports net sales of EUR2873.5m in 2018
Buzzi Unicem announced consolidated 2018 net sales of EUR2873.5m versus EUR2806.2m in 2017, up 2.4 per cent, while EBITDA stood at EUR577.2m compared to EUR508.2m in 2017. The...
Sachem Head nominates two for Eagle Materials Board
Eagle Materials Inc shareholder Sachem Head Capital Management LP is nominating two people to Eagle Materials’ board, saying the company needs “new voices”. Scott Ferguson, S...
Hsing Ta Cement sees 32% revenues hike in the 4M19
Taiwan-based Hsing Ta Cement has reported a 38.2 per cent increase in revenues to TWD753.3m (US$24.3m) in April 2019 from TWD545.2m in April 2018. In the first four months of...
ZAG International appoint new Managing Director
Daniel Ulestig has been appointed Managing Director, Head of Global Shipping and European Business operations of ZAG International PTE, effective 1 May 2019. Mr Ulestig takes r...
HeidelbergCement reports improved 1Q results due to volume and price increases
HeidelbergCement posted revenues of EUR4.238bn in January-March 2019, up 16.9 per cent when compared with the 1Q18. Like-for-like (LfL) – ie, excluding positive exchange rate e...
Northern Cement announces 37% 1Q revenue rise
Saudi cement producer Northern Cement reported a more than nine-fold rise in net profits after zakat and tax in the first quarter of 2019, according to Mubasher. Net profit rea...
Nepali cement producers give mixed reactions to export plans
Cement producers in Nepal have given mixed reactions to the government’s announcement to make cement on of the country’s main export products. While the cement manufacturers...
Yanbu Cement targets exports
Yanbu Cement is targeting a rise in exports, having exported 997,000t of cement and clinker in 1Q19, approximately 40 per cent of Saudi Arabia's cement and clinker exports. Sp...
Romania Competition Council suspects cement collusion
The prices charged by Romania’s three leading cement producers Holcim, CRH and HeidelbergCement have followed a similar pattern and the geographic distribution of the customers...
Madhya Pradesh Power Generating Co plans grinding facility
Madhya Pradesh Power Generating Co is planning a cement grinding unit at its Satpura Thermal Power Station in Sarni, Betul district, Madhya Pradesh, India. The company will ...
Lafarge Zimbabwe obtains US$30m loan
Lafarge Cement Zimbabwe has obtained a long-term US$30m facility from its parent company to enable settlement of outstanding obligations, according to The Zimbabwe Independent....
Loma Negra to cut 265 jobs
Argentine cement producer Loma Negra, part of the InterCement Group, has announced that it plans to cut 265 jobs in its Barker cement plant Barker, Buenos Aires province. Curre...
Post-merger CCNN reports improved 1Q19 results
Nigeria’s Cement Co of Northern Nigeria (CCNN) saw its net profit after tax soar by 236 per cent YoY to NGN3.636bn (US$10.1m) in the first quarter of 2019 ended 31 March. The ...
Construction to start on Emirates RDF facility
Construction starts this month on the Emirates refuse-derived fuel (RDF) facility, which is being built in Umm Al Quwain, UAE. The project is a joint venture consisting of UAE ...
Iran’s cement exports to Iraq suspended
Iranian cement exports to Iraq have been suspended, said Hamid Hosseini, secretary general of Iran-Iraq Joint Chamber of Commerce, Trend reports. He said Iran’s exports to I...
Sagar Cements completed Jajpur acquisition
India-based Sagar Cement has completed the acquisition of its 100 per cent stake in Jajpur Cements Private Ltd (JCPL). The company will now start the process of establishing ...
Gas supply to Lucky Cement Pezu plant cut off
Lucky Cement has seen gas supply cut off at its Pezu plant as a result of the ongoing drive against gas theft undertaken by Sui Northern Gas Pipelines Ltd (SNGPL) in Khyber-Pak...
Hail Cement sees 41% YoY 1Q revenue increase
Saudi Arabia-based Hail Cement reported a 41 per cent YoY rise in revenues to SAR68.6m (US$18.3m) in the first quarter of 2019. “The main reason for the increase in net incom...
Republic Cement launches Kapit-Balay masonry cement
Philippine cement producer Republic Cement introduced its Kapit-Balay masonry cement to the market at its Partners’ Night at the Maayo Hotel, Mandaue City, Cebu. Kapit-Balay ...
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