Mixed results for Egyptian producers
Egypt’s Alexandria Cement has announced a further consolidated net loss in the first quarter of 2018, which widened 17.1 per cent YoY to EGP34.78m. Furthermore, the company rec...
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Dewan Cement rejects Mega Conglomerate offer
Mega Conglomerate's plan to acquire 87.5 per cent majority stake in Dewan Cement could be over. The deal is thought to have collapsed after Dewan Mohammad Yousuf Farooqui, chai...
Chia Hsin Cement records net profit
Taiwan's Chia Hsin Cement Corp has reported a 21.3 per cent YoY drop in revenue for the first quarter of 2018, falling to TWD471.26m (US$15.8m) from TWD598.48m. However, the ...
Ugandan cement producers struggle to participate in SGR project
Local cement producers will have to change their products to supply the new Standard Gauge Railway (SGR) project in Uganda. The SGR project is a mega railway transportation ne...
Pakistan producers to increase prices
Cement prices in Pakistan are set to increase by PKR15-20/50kg bag (US$0.13-0.17/50kg bag), after companies have reached a consensus on production according to a stipulated quo...
Positive expectations in reach despite mixed 1Q18 corporate results
LafargeHolcim , HeidelbergCement and Martin Marietta Materials Inc all released 1Q18 results this week with some mixed performances. The regional strength of Asia and Afri...
Buzzi Unicem hit by poor weather and early Holy Week
Buzzi Unicem's first-quarter turnover declined by 8.4 per cent to EUR539.1m as a harsh winter took its toll in many countries. Net debt at the end of March was 3.9 per cent hig...
Argentina demand up 14% YoY
Argentina’s cement market expanded by 13.5 per cent in April to 958,241t when compared with April 2017, but fell 12.2 per cent MoM, according to the country’s cement producers...
Cementir suffers 1Q18 weather effects
Cementir's first-quarter turnover declined by 13.4 per cent to EUR242.3m, while adjusting for the Italian operations disposed of, the reduction was a more modest 1.6 per cent. ...
Saudi cement production falls 7% in April
The total production of Saudi cement companies fell 7.4 per cent YoY in April 2018, declining to 4.2Mt from 4.54Mt. Furthermore, sales in the country dropped 9.5 per cent YoY i...
Siwertell AB under new ownership
In a new agreement Cargotec and JCE Invest AB have established a new joint venture, Bruks Siwertell Group (BSG), specialised in dry bulk handling. BSG will own Siwertell AB, wh...
CNBM appoints new board members
Song Zhiping, chairman of the board of China National Building Material Co Ltd (CNBM), as well as Guo Chaomin and Xu Weibing, both directors of the board will step down from th...
Kyrgyzstan produces 1.503Mt of cement in 2017
Kyrgyzstan produced 1,503,400t of cement in 2017, according to data of the country’s National Statistics Committee.This represents a 16.6 per cent YoY rise. Cement productio...
Sumitomo Osaka Cement sees 4% revenue rise in FY17-18
Japan-based Sumitomo Osaka Cement Co reported a 4.4 per cent rise in group revenues to JPY244.93bn (US$2.23bn) for FY17-18 ending March 2018 from JPY234.06bn in the previous fi...
Uzbekistan announces measures to stabilise cement prices
Uzbek President, Shavkat Mirziyoyev, has signed a resolution "On Additional Measures for Stable Provision of the Internal Market with Cement," designed to give stability to Uzb...
Cemex Croatia is supporting Montenegro infrastructure projects
Cemex Croatia is actively participating in Montenegro's infrastructure boom by supplying building materials for several infrastructure projects, including three mixed-use res...
Taiheiyo Cement reports 9% revenue increase
Taiheiyo Cement has seen its revenues advance by 9.1 per cent to JPY871.11bn in FY17-18 from JPY798.59bn in the previous financial year. The company’s operating profit rose ...
Sino-Zimbabwe awaits public infrastructure project pick-up
Sino-Zimbabwe Cement Co (SZCC) is hanging hopes on development deals between Zimbabwe and China to improve its turnover. The joint venture between China and Zimbabwe's governme...
Hsing Ta reports 13% rise in April revenues
Taiwan’s Hsing Ta Cement announced a 13.2 per cent increase in revenues to TWD545,209,000 in April 2018 from TWD481,754,000t in April 2017, according to information from the Ta...
Star Cement receives government subsidies to reduce debt
Star Cement has received INR2bn (US$29.7m) towards a subsidies claim from the central government. The company intends to use the amount to further reduce its debt. Earlier in...
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