New plant considered for Montenegro
A meeting of Montenegro’s Chamber of Commerce considered the construction of a new cement plant in Pljevlja, which would use the municipality's natural resources. Vlastimir Gol...
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Dalmia Bharat Group to challenge NCLAT ruling
Dalmia Cement (Bharat) Ltd has petitioned the Supreme Court, challenging the appellate tribunal's ruling to support UltraTech's plan for Binani Cement over the latter's acquisi...
Dandot Cement of Pakistan expects investment from new buyer
In its newly-released 2018 annual report, Pakistan-based Dandot Cement Co says it has received a firm intention from Calicom Industries (Pvt) Ltd to acquire control and 63,542,...
Sephaku Cement looks to cost-cutting measures despite net profit rise
Sephaku Holdings is embarking on a cost-reduction programme to reduce head office expenses over the next year. The initiative is in response to the current declining demand due...
JK Lakshmi reports 41% fall in net profit
India’s JK Lakshmi Cement has reported a 41 per cent YoY fall in net profit for the 2QFY18-19 ended 30 September, to INR78.1m (US$1.08m) from INR132.3m. However, total income r...
Mangalam Cement records 22% income increase
India-based Mangalam Cement Ltd has announced a 22.4 per cent YoY increase in total income to INR2.91bn (US$40.3m) for the 2QFY18-19, rising from INR2.38bn. Net profit advanced...
Pakistani cement firms downgraded from MSCI EM Index
Pakistan stock markets may see a repercussion of the MSCI Semi Annual Index Review in the short term. According to market sources, in its November 2018 Semi Annual Review, MSCI...
Argentina's cement demand falls 10% in Oct 2018
Argentina's cement market contracted by 9.6 per cent YoY to 1,040,317t in October 2018, according to the latest data by the country’s cement association, AFCP. Deliveries by ...
US and Puerto Rican markets expand 6% in August
Total shipments of Portland and blended cements in the USA and Puerto Rico increased by 5.8 per cent in August 2018 when compared with August 2017, according to the latest figu...
Kuwait Portland Cement reports KWD7.8m in 9M profit
Kuwait Portland Cement has posted a net profit of KWD2.4m (US$7.9m) in 3Q18, down 23.1 per cent when compared with KWD3.12 in 3Q17, according to a company statement on the Kuwa...
APO Cement announces job layoffs
APO Cement is laying off 30 per cent of their regular employees and up to 40 per cent of their contractual workers. The announcement came as a shock to employees after the work...
UltraTech's bid for Binani approved by NCLAT
A bid submitted by India’s UltraTech Cement to acquire Binani Cement has received approval from the National Company Law Appellate Tribunal (NCLAT). A two-member bench of NCL...
WCA General Assembly to be held in December
The General Assembly of the World Cement Association (WCA) will be held on Wednesday, 5 December 2018 in the Royal Garden Hotel, London. CEOs and senior executives from WCA mem...
Semen Indonesia to buy LafargeHolcim’s Indonesian unit
Indonesia's largest cement producer, Semen Indonesia, is buying the local business of LafargeHolcim for around US$940m. LafargeHolcim is disposing of its entire 80.6 per cent s...
Votorantim Cimentos sells 75% share in Shree Digvijay Cement
Votorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the complet...
Star Cement records 45% rise in net profit
India’s Star Cement Ltd has reported a 28.7 per cent YoY rise in net sales to INR3.62bn (US$49.98m) for the 2QFY18-19 ended 30 September, from INR2.81bn of the year-ago period....
The EPA closes Kiln Line A at Kohat Cement
Kohat Cement has been made to close Line A at its cement factory in Kohat, Khyber Pakhtunkhwa, Pakistan, having been found to be in violation of the permissible dust emissions ...
Domestic demand in Spain up 8%
Cement demand in Spain noted an eight per cent YoY growth in June, according to the Spanish cement association, Oficemen. In addition, cement exports have seen an accelerated d...
Itacamba exports 200,000t of clinker
Faced with a oversupply in its domestic market, Bolivia’s Itacamba, is focussing on export markets. To date the company has exported 200,000t of clinker to Paraguay. “We are t...
Gulf Cement 9M profit down
UAE-based Gulf Cement reported a 9.3 per cent fall in revenues in the 9M18 to AED371.7m (US$101.2m) from AED409.8m in the year-ago period. Net profit fell 95 per cent from A...
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