Siam Cement targets floating solar power projects
Siam Cement Group (SCG) aims to diversify by developing floating solar modules that it hopes to supply as 1GW solar farms to state-run Electricity Generating Authority of Thail...
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Adelaide Brighton posts 1% fall in net profit in 2018
Australian cement producer Adelaide Brighton posted a 1.4 per cent decline in net profit to AUD185.3m (US$131.5m) in 2018 as cement margins declined and slower growth in South ...
Construction to begin on Nepali-Chinese joint venture
Huaxin Cement Narayani, a Nepali-Chinese joint venture, is set to begin construction on its facility in Dhading district, Nepal, within the next few days. "The promoters of ...
Misr Beni Suef and Alexandria Cement report improved results in 2018
Egypt-based cement companies Misr Beni Suef Cement and Alexandria Cement have posted improved results in 2018. Misr Beni Suef Cement posted net profits of EGP241.491m (US$13.8...
New Carthage Cement tender to launch in June
Three months following the announced lack of tender success for the sale of the shares held by the Tunisian state in the capital of Carthage Cement, a financial restructuring, ...
EAPC sees 6M loss widen in 2018
Kenyan cement producer East African Portland Cement reported a KES1.2bn (US$12m) loss for the half-year ending 31 December 2018, compared with a KES970m loss in the prior-year ...
Lehigh Cement wins Governor's Workspace Safety Award
Lehigh Cement Company LLC (Lehigh Hanson, Inc), was awarded the Governor's Workplace Safety Award in the medium-size business category for innovation at the company's Mitchell,...
FLSmidth expands executive management
FLSmidth has announced that Annette Terndrup, head of Group Legal and Strategy, and Cori Petersen, head of Group HR, will join the company’s executive management. "I am very ...
Holcim Philippines reports 5% fall in net profit
Holcim Philippines has reported a five per cent fall in 2018 net profit to PHP2.55bn (US$49.3m), compared with PHP2.69bn of the previous year. However, the company also noted a...
Dandot Cement declares loss of PKR177.51m in 1HFY18-19
Dandot Cement Company Ltd (DCCL) has announced its financial results for the half-year ended 31 December 2018. It declared a loss of PKR177.51m (US$1.27m), as compared to loss ...
Argentine hyperinflation costs Cementos Molins EUR11m
Spain-based cement producer Cementos Molins saw a negative effect of EUR11m (US$12.5m) in its business results in 2018 due to the hyperinflation and the devaluation of Argentin...
CRH sees 31% hike in group net profit in 2018
CRH reported a six per cent increase in sales revenues to EUR26.79bn in 2018 from EUR25.22bn in 2017. The company’s EBITDA advanced seven per cent to EUR3.365bn in 2018 when co...
Dangote Cement reports rise in group revenue for 2018
Nigeria’s Dangote Cement announced a 11.9 per cent YoY rise in group revenue to NGN901.2bn (US$2.48bn) from NGN805.6bn for the full-year 2018 period. The results were driven by...
Chip Mong Insee Cement achieves 26% market share in Cambodia in first year
After just one year of operations, Chip Mong Insee Cement Corporation (CMIC) has achieved a 26 per cent of market share in Cambodia, company representatives said. Speaking at ...
Sabanci Holding to invest TRY6bn in 2019
Sabanci Holding, one of Turkey's largest conglomerates, has said it is planning a total of TRY6bn (US$1.13bn) of investments this year. "This figure excludes any acquisitions ...
Pakistan cement industry facing challenges
A number of Pakistan cement companies have shown poor financial performance in 1HFY19, due to a combination of factors, including dwindling local demands and the rising cost of...
Payra Port Authority reschedules pre-bid meeting for coal/bulk terminal
Payra Port Authority (PPA), under the Bangladesh Ministry of Shipping has issued a notice to reschedule a pre-bid meeting for development of a coal/bulk terminal at Payra Port...
White cement market to expand by 3%
The global white cement market is forecast to grow by 2.8 per cent CAGR by 2022 on the back of rising construction activity in emerging economies, according to Radiant Insights...
LafargeHolcim secures EUR100m Grand Paris Express project
LafargeHolcim announced the conclusion of a supply contract for the Grand Paris Express project worth EUR110m, where LafargeHolcim will supply 260,000t of cement. The GPE is t...
Pioneer Cement and DG Khan Cement report profit falls in 1HFY19
Two more leading cement companies of Pakistan announced their financial results for 1HFY19 (July-December 2018) to the Pakistan Stock Exchange (PSX). DG Khan Cement Co Ltd (DGK...
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