LafargeHolcim divests operations in Malaysia and Singapore
LafargeHolcim has signed an agreement with YTL Cement Bhd for the divestment of its entire 51 per cent stake in Lafarge Malaysia Bhd for a consideration of US$396m, fully payab...
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Gabon sees 42% hike in cement output in 2017
Gabon reported a 42 per cent increase to 487,000t in cement production in 2017 when compared with 341,351t in 2016, InfosGabon reports. Domestic sales reached 488,328t in 2017,...
Namibia cement demand remains weak
Competition between cement producers has brought down prices as domestic demand remains fairly low when compared with increasing supply, according to First Capital. In March...
Cimentos de Moçambique shuts down Matola plant
Cimentos de Moçambique has shut down its 0.25Mta grinding plant in Matola, reportedly due to the fact that the company is operating significantly below capacity. "We closed t...
Umm Al Qura Cement Q1 doubles profit in 1Q19
Saudi cement producer Umm Al Qura saw its first-quarter net profit, after tax and zakat, more than doubled to SAR21.5m (US$5.7m) in the 1Q19 from SAR10.2m in the 1Q18. The c...
SCG launches SCG Super Cement in Vietnam
Thai cement producer, Siam Cement Group (SCG) has recently launched its SCG Super Cement brand to customers in central Vietnam. The new product applies SCG Nano Tech, which “...
Ambuja Cement records 57% PAT increase in 1Q19
India’s Ambuja Cement Ltd (LafargeHolcim) has announced its stand-alone results for the 1Q19, recording a 57 per cent YoY increase in net profit after tax to INR4.27bn (US$61.4...
Colombian cement market advances 7% in March
Grey cement production in Colombia increased seven per cent YoY to 1.14Mt in March 2019, according to the latest data by the country’s statistics office, DANE. Of this total, 1...
Yanbu Cement sees net profit surge 81% in 1Q19
Saudi Arabia’s Yanbu Cement Co has reported an 81.3 per cent YoY rise in net profit for the first quarter of 2019, increasing to SAR72.9m (US$19.4m) from SAR40.2m a year ago. T...
Caribbean Cement reports 237% increase in net profit
Jamaica’s Caribbean Cement Co Ltd has announced a two per cent YoY revenue increase to JMD4.45bn (US$33.35m) for the first quarter of 2019. However, its net profit surged 237 p...
Philippine DTI: no price cap on cement for now
The Philippine Department of Trade and Industry (DTI) has rejected the call for a price cap on local cement at present, but it may take action when prevailing market prices rea...
Saudi Cement Co sees 7% decline in 1Q net profit
Saudi Cement Co reported a 6.9 per cent YoY fall in its net profit in the 1Q19. After taxes and zakat, net profit reached SAR132.4m (US$35.3m), down from SAR142.2m in the 1Q18,...
Cementos Argos sets new production record in Dominican Republic
Cementos Argos set a new cement production record in the Dominican Republic. The cement mill at its Nayajo plant in San Cristóbal produced 50,194t of cement, the highest produc...
Pacasmayo sees net profit edge up in the 1Q19
Peru-based Cementos Pacasmayo SAA reported a rise in sales volumes of cement, concrete and precast of 5.4 per cent YoY in the 1Q19 on the back of higher cement sales to the pub...
Kohat Cement records 18% sales increase
Pakistan’s Kohat Cement Company Ltd (KCCL) has announced a 5.4 per cent YoY fall in profit after tax for the nine months ended 31 March, decreasing to PKR2.17bn (US$15.3m) from...
Lafarge Maldives Cement celebrates 20th anniversary
Lafarge Maldives Cement recently celebrated 20 years of service in the construction industry of the Maldives. Lafarge Maldives Cement operates a terminal in Thilafushi, ...
Transaction of major stake in Dandot Cement is completed
Dandot Cement Co Ltd has informed Pakistan Stock Exchange (PSX) that Calicom Industries has acquired 63,542,787 shares of the company. Earlier, the company had reported that...
Pioneer Cement announces 28% fall in net profit
Pakistan’s Pioneer Cement Limited (PCL) has announced a 28.1 per cent YoY decrease in net profit to PKR825m (US$5.82m) for the nine months ended 31 March, compared to PKR1.14bn...
INC to launch new cement product
Paraguayan state-owned cement producer, Industria Nacional del Cemento (INC) will introduce a new cement product, CP 2-C 40, designed for concrete structures such as bridges an...
IEEE-IAS/PCA 2019 opens its doors in St Louis
IEEE-IAS/PCA 2019 opened its doors to visitors at the America’s Centre in St Louis, Missouri, on Sunday evening with the first two-hour opportunity for visitors to walk around ...
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