Unacem’s profit down 53% in 1Q18
Peruvian cement producer Unacem reported a 53 per cent fall in net profit to PEN157m in the first quarter of 2018. Unacem’s domestic dispatches decreased 0.6 per cent YoY to...
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JK Lakshmi reports 62% rise in standalone net profit
JK Lakshmi Cement reported a 62.3 per cent YoY rise in standalone net profit to INR338.4m (US$4.99m) in the 4Q18. The company’s total income saw a slight decrease of 0.8 per ce...
Cemex invests in health & safety app
Cemex Ventures announced it invested in Prysmex, a Mexico-based start-up that offers an app to detect and helping to prevent workplace accidents through the Internet of Things ...
US and Puerto Rican cement markets contract in February
Total shipments of Portland and blended cement in the US and Puerto rico in February contracted by 3.6 per cent YoY to 5.8Mt, according to the US Geological Survey (USGS). The ...
Peru's cement demand up 14% in April
Peru’s cement market expanded by 13.5 per cent YoY in April 2018 as cement deliveries reached 0.817Mt, according to the latest data from the country’s cement association, Asoce...
Mangalam Cement records 8% sales increase in FY18
India’s Mangalam Cement Ltd has reported a one per cent YoY increase in net sales for the quarter ending 31 March 2018, rising to INR3.102bn (US$45.76m) from INR3.072bn. Net pr...
Gharibwal starts its new VRM
Gharibwal Cement Ltd has started commercial operation of its 250tph vertical cement mill at its Ismailwal, plant, Pakistan. According to Company Secretary, Muhammad Shamail Ja...
TCL and Arawak Cement seek redress over reduced import tariffs
Trinidad Cement Ltd (TCL) and its Barbados-based subsidiary Arawak Cement Ltd are reported to have filed legal action against the Government of Barbados, accusing it of breakin...
Tokyo Cement launches ERP system
Tokyo Cement Company (Lanka) PLC has fully integrated its Enterprise Resource Planning (ERP) ssytem throughout its business unites. Providence Global supplied the ERP soluti...
JK Cement doubles net profit to INR964.5m
JK Cement's net profit more than doubled to INR964.5m (US$14.2m) for the fourth quarter ended March 2018. The company had posted a net profit of INR425.7m in the same quarter o...
CIMAF plans 0.3Mta works at Bouaké
Morocco-based CIMAF plans to build a 0.3Mta cement plant at Bouaké, northern Côte dIvoire. "The Bouaké plant has a capacity of 300,000t. We have acquired the land and are pr...
CMS sees 51% rise in profit
Malaysia-based Cahya Mata Sarawak Bhd (CMS) has reported a 15.4 per cent rise in unaudited revenues to MYR354.987m (US$89.7m) in the quarter ended 31 March 2018 from MYR307.679...
LafargeHolcim appoints new CEO of US Cement
LafargeHolcim has appointed Jamie Gentoso as the new CEO of its US Cement operations. Ms. Gentoso has previously worked as the senior vice president of concrete at Sika Corp US...
Spanish cement demand growth decelerates
Cement demand in Spain saw its growth slow to 7.6 per cent in March 2018, when compared with the previous month, according Oficemen’s Cement Demand Index (IDC). For the rolli...
LafargeHolcim replaces 17km-long conveyor
LafargeHolcim Bangladesh Ltd has completed the replacement of its 17km-long conveyor belt in an effort to reduce noise emissions. The belt was originally installed in 2004 and ...
Cementarnica Usje net profit falls in 1Q18
Macedonian cement producer Cementarnica Usje has reported a 14 per cent YoY fall in non-consolidated net profit to MKD94.9m (US$1.8m) in the 1Q18, the company said in an interi...
Saudi Cement to use GE Power's Advanced Gas Path technology
Saudi Cement has signed an agreement with GE Power for the upgrade of three GE 6B gas turbines at its Hofuf plant to increase power output and efficiency. This is the first G...
Gulf Cement sees 1Q loss
Gulf Cement has incurred losses if AED2.9m (US$789,653) in the 1Q18, according to a bourse statement. In the equivalent period of 2017, the company reported a AED8.1m profit. ...
Uruguay’s ANCAP and Fancap agree over cement production
Uruguayan oil company ANCAP and its workers’ union Fancap have come to an agreement to resume cement production at the Minas works. Following a week of talks with support fr...
Argos consolidated EBITDA jumps 31% in 1Q18
Argos has announced revenues of COP1.9trn (US$670m) and a net profit of COP54.bn in the first three months of 2018. EBITDA increased 31 per cent YoY to COP371bn. However, cem...
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