Cementos Mélon reports profit up 9% in 2018
Cementos Mélon saw an 8.9 per cent increase in profits to CLP9.067bn (US$13.7m) in 2018 but EBITDA fell 2.9 per cent to CLP28.572bn. The fall was attributed to lower sales of c...
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New Kaspi production line enters tough market environment
This week HeidelbergCement opened its new US$100m dry-process clinker line at its Kaspi cement plant in Georgia. The new 3000tpd line was originally expected to open at the e...
Argentina's cement consumption declines 16% in January
Cement demand in Argentina fell 16.3 per cent to 873,958t in January 2018, when compared with 1,043,732t in January 2017, according to the latest data from the Argentinian ceme...
Ashaka Cement to start 16MW power plant
Ashaka Cement Co is set to inaugurate a 16MW power plant project in Nigeria. Managing Director of Ashaka Cement, Rabiu Abdullah Umar, said the power plant costs US$30.5m. "We ...
Ambuja Cements announces plant expansion project
India’s Ambuja Cements Ltd is planning to expand manufacturing capacity from 2.4Mta to 3.4Mta at its Jala Dhulagori facility in West Bengal. While the company is awaiting envi...
Arkan sells Emirates cement plant
UAE-based Arkan Building Materials has announced the sale of its Emirates cement plant for AED50m (US$13.6m). The company also noted the permanent shutdown of Emirates Cement C...
FyM to invest EUR2.5m in Malaga export hub
Financiera y Minera (FyM) will invest EUR2.5m in a 4900m 2 site in the Port of Malaga to be used as a clinker and cement export hub. It intends to use pier 7 to ship clinker. ...
Cemex to establish distribution centre in northern Spain
Cemex plans to build its first distribution centre in the north of Spain at Olano Wharf. The company has applied for a 2500m 2 concession in the port of El Musel for the new...
Dangote hires new CFO ahead of London IPO
Dangote Cement has hired Guillaume Moyen as chief financial officer for operations ahead of the company’s proposed listing on the London Stock Exchange later this year. Mr Mo...
Cement continues to shine Pakistan's Stock Exchange
Cement stock performance on the Pakistan Stock Exchange (PSX) continues unabated. According to a research house report, Pakistan equities closed marginally negative with benchm...
Brazil cement market expands 4% in January 2019
Domestic cement sales in Brazil totalled 4.5Mt in January 2019, according to the National Union of the Cement Industry (SNIC). When compared with January 2018, the latest data ...
Cherat Cement records PKR1.02bn net profit in 1HFY18-19
Cherat Cement Company Ltd (CCCL) has announced its financial results for the half year ended 31 December 2018. CCCL declared a net profit of PKR1.02bn (US$7.29m), down by 23...
Payra Port Authority plans coal/bulk terminal
Payra Port Authority (PPA), under the Ministry of Shipping, Government of Bangladesh, intends to develop a coal/bulk terminal at Payra Port, Kalapara, Patuakhali, Bangladesh, v...
Cementos Pacasmayo revenues sees 5% rise in 4Q18
Peru-based Cementos Pacasmayo reported a rise of 4.6 per cent in revenues to PEN340.7m (US$102.3m) in the fourth quarter of 2018 with sales volumes of cement, concrete and prec...
Madanganj plant to expand capacity by 0.3Mta
Bashundhara Industrial Complex (Bashundhara group) plans to expand its cement production capacity at its Madanganj cement plant in Narayanganj, Bangladesh. The current cement ...
Deccan Cements sees four-fold 3Q net profit surge
India-based Deccan Cements reported a near four-fold hike in its net profit for the third quarter ended 31 December 2018. Net profit surged to INR329.9m from INR89.5m in the 3Q...
RAK Cements profit falls to AED13m
Ras Al Khaimah Co for White Cement and Construction Materials has posted a 57 per cent drop in net profit to AED13m (US$3.5m) in 2018. The company’s revenues fell from AED767...
Cement prices rise 36-44% in Tamil Nadu
The price of a bag of cement in Tamil Nadu, India, has increased 36-44 per cent in the past week, rising from INR250 (US$3.54) to INR340-360. R Radhakrishnan, trustee and forme...
Saudi cement sales fall 9% in January
Cement sales in Saudi Arabia declined by nine per cent in January 2019 when compared with sales in the previous year. Sales volumes of companies listed on the Tadawul fell 9....
India cement GST cut on the agenda
India’s General Sales Tax (GST) Council will consider a proposal to slash the tax on cement from 28 to 18 per cent at its meeting on 20 February, along with a ministerial panel...
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