Taiwan Cement to list GDRs on Luxembourg stock exchange
Taiwan Cement Corp said Tuesday that it has issued US$549m-worth of global depositary receipts (GDRs). The GDRs, issued a day earlier, are scheduled to list on the Luxembourg...
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Arabian Cement posts net loss in 2Q18
Saudi cement manufacturer Arabian Cement has recorded a SAR50.9m (US$13.57m) net loss in the second quarter of 2018, compared with a SAR35.5m profit seen in the year-ago period...
HeidelbergCement's group revenue improves by 4% to EUR4.8bn in 2Q18
HeidelbergCement group revenue rose by four per cent in the second quarter to EUR4.8bn from EUR4.6bn in 2Q17. However, negative currency effects of EUR226m had an adverse impac...
Colombian cement market contracts 4% in June 2018
National cement demand in Colombia declined 4.1 per cent to 943,200t in June 2018 from 983,500t in June 2017, according DANE, the country’s statistics office. The fall in co...
Qassim Cement Q218 sees 65% profit fall
Saudi cement producer Qassim Cement reported a 65.4 per cent fall in net profit to SAR18.4m in the second quarter of 2018, when compared with a net profit of SAR53.2m in 2Q17. ...
InterCement IPO set for 2019
Brazil's InterCement Participações SA of Brazil plans an initial public offering (IPO) of its operations in Europe and Africa early next year, reports Reuters. InterCement woul...
Najran Cement losses surge to 651% in 2Q18
Saudi Arabia’s Najran Cement’s losses reached SAR-31.73m (US$-8.46m) in the second quarter of 2018, representing an increase of SAR4.2m when compared with the 2Q17, according t...
SCG Vietnam reports 20% revenue increase in 1H18
Siam Cement Group (SCG) Vietnam has announced a 20 per cent surge in revenue to VND14.53trn (US$631.74m) in the first half of the year. The 2Q18 saw the company record a 28 pe...
Dry bulk on road to recovery?
In the three-month period to 6 June 2018, the Baltic Dry Index (BDI) began at 1212 points before falling steadily to 948 points four weeks later. By 14 May it had climbed to 14...
Uzbekistan plant to be commissioned in August
Uzbekistan’s Almalyk Mining and Metallurgical Combine is expected to commission its facility in Sherabad, Surkhandarya, in late-August. The plant aims to produce 1.5Mta once it...
Cemex is working 24/7 to meet Philippine cement demand
Cemex president and CEO, Ignacio "Nacho" Mijares, says Cemex's cement plants in plants in Antipolo and Cebu are having to work 24/7, in maximum capacity, to meet the market dem...
Nigeria’s CCNN sees profit after tax more than double
The Cement Co of Northern Nigeria (CCNN) reported a revenue of NGN19.588bn (US$54.2m) in 2017, representing a 31.6 per cent rise when compared with revenues of NGN14.088bn of t...
Zambia starts work on new 1Mta cement plant
Zambia's President, Edgar Lungu, has officially launched China National Building Materials' (CNBM) cement plant in Chongew Mapande Industrial Park, Zambia. The project will b...
Namibia’s Whale Rock cement plant commissioning in October
Namibia’s Whale Rock cement plant, built with Chinese investment, is expected to fully commission at the end of October, according to company spokesman Manfred Uxamb. The pl...
Bamburi Cement launches new rapid concrete solution
Bamburi Cement has launched a ready-mix concrete that will speed up construction time by enabling continuous concrete pour in projects of more than 2000t in under 48h. Pours o...
Titan looks for a stronger 2H18 performance
This week, Titan Cement Group announced its 1H18 results , which were hit by the strengthening euro against foreign currencies. Turnover fell by 7.9 per cent YoY to EUR712.5m ...
Martin Marietta's cement revenues rise 14% in 2Q18
Martin Marietta's 2Q18 cement product revenues increased 14.4 per cent and gross profit by 40.6 per cent. Shipments and pricing improved 11.6 and 2.6 per cent, respectively, ...
Holcim Philippines records 25% fall in net profit
Holcim Philippines recorded a 25 per cent YoY drop in net profit to PHP1.6bn (US$30m) for the 1H18 period, with the results attributed to competition and higher operating costs...
LafargeHolcim's 2Q18 revenues rise by 6.2%
LafargeHolcim's revenue grew 6.2 per cent in the 2Q18, with total net sales of CHF7442m (US$7468m). For the first six months net sales grew 4.8 per cent on a like-for-like bas...
Cementir's 1H18 cement and clinker sales fall to 4.9Mt
Cementir Holding's sales volumes of cement and clinker in 1H18, equal to 4.9Mt, were essentially unchanged compared to the 1H17, despite the change in the scope of consolidatio...
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