Raysut Cement suspends production after Cyclone Mekuna damage
Raysut Cement will shut down production in Oman for up to 10 days after the Tropical Cyclone Mekuna hit the company's Salalah factory on 25 May. Heavy rain and strong winds ca...
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Burnpur Cement announces net loss in FY18
India’s Burnpur Cement reported a INR39.5m (US$585,316) net loss in the quarter ending 31 March 2018, improving from the INR233.1m net loss of the year-ago period. Furthermore,...
TCL announces TTD49m operating loss in 2017
Trinidad Cement Ltd (TCL) has announced its results for the full-year 2017 period, reporting an operating loss of TTD49m (US$7.26m) on the back of unprecedented storms in its e...
India Cements reports 56% slide in FY17-18 profits
India Cements Ltd reported a 56 per cent fall in net profits for the year ending 31 March 2018. Consolidated net profit decreased to INR707.2m, down from INR1.631bn in the prev...
Super-objection could prevent Mungret tyre burning plans
Metropolitan councillors have approved plans for a joint submission against Irish Cement's Mungret plans to the Environmental Protection Agency (EPA). Irish Cement, which wan...
Ibeto Cement signs deal to receive US$850m in funding
Nigeria’s Ibeto Cement Co Ltd has signed a deal to receive US$850m in financing from Milost Global Inc, according to the New York-based private equity firm. The binding agreeme...
Bangladesh demand to grow 8-10%, but overcapacity to persist
Bangladesh cement demand is expected to grow by 8-10 per cent in the next five years, according to Masud Khan, CEO of Crown Cement Group. Last year cement consumption reache...
Pakistan has eight brownfield cement projects underway
The eight brownfield cement projects with a total capacity of 18.8Mta are at various stages of completion and scheduled to be commissioned between June 2019 and June 2020 at ...
Lafarge Malaysia expect to 'break even' despite poor 1Q18 results
Lafarge Malaysia recorded its fifth consecutive quarter of net losses for the period ended 31 March this year, on weaker demand and higher competition, coupled with the increas...
Saurashtra Cement records 43% net sales increase
India's Saurashtra Cement Ltd has reported a 43 per cent YoY increase in net sales for the 4QFY18, rising to INR1.82bn (US$26.7m) from INR1.27bn in the year-ago period. Net pro...
Dr Stefan Kern appointed new A TEC Group manager
Starting 1 April 2018, Dr Stefan Kern will lead the A TEC Group. Wolfgang Hammer will hand over the management tasks completely to his former deputy. Stefan Kern started at ...
DG Khan Cement well-positioned
This week, Pakistani cement producer DG Khan Cement launched the largest cement plant in the country as it commissioned its greenfield project at Hub , in Balochistan province...
LafargeHolcim announces jobs restructuring at corporate offices
LafargeHolcim has announced proposals to simplify its corporate organisation. Around 200 corporate jobs will go and the corporate offices in Paris and Zurich will close. Remain...
Board appointed for Global Cement and Concrete Association
The 10 founding members of the Global Cement and Concrete Association (GCCA) have met for the Foundation Meeting of the Association and to formally launch the GCCA. The associa...
WCA announces panel to discuss climate action in Paris
The World Cement Association (WCA) announced today the participants for its high-level, international expert panel at the WCA Global Climate Change Forum (GCCF) which will take...
Lafarge Africa plans to cut debt over the next 18 months
Lafarge Africa Plc plans to cut debt over the next two years as it seeks to boost profit before resuming expansion, according to the company’s chairman, Mobolaji Balogun. The c...
Grasim looks to invest INR59bn in modernising its cement plants
India’s Grasim Industries will invest over INR130bn (US$1.9bn) in its cement and textiles businesses over the next 24-36 months, as the company looks to increase capacity and m...
CRH to invest EUR8m in Lumbres plant
Equiom has announced it will invest EUR8m in its plant in Lumbres, France. The sum represents the largest investment in the works for 15 years, according to Nord Eclair. Las...
Fall in Venezuelan output persists as plant improvements suffer delay
Cement production in Venezuela continues to decline with output at the Pertigalete plant of Venezolana de Cementos between 20-30 per cent of its total production capacity. "...
Zambezi Portland Cement is returned to Ventriglia family
Zambian multi-millionaire entrepreneur Rajan Mahtani has lost ownership of Zambezi Portland Cement after the High Court of Zambia awarded full ownership of the company to the V...
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