UltraTech Cement records revenue increase in 4QFY18
India’s UltraTech Cement has reported a 29 per cent YoY fall in its standalone profit for the 4QFY18 period, to INR4.88bn (US$73.05m) from INR6.88bn. The decline has been partl...
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CRH 1Q18 underlying sales slip 2%
A GBP16.5m (EUR19m) deal was concluded with CRH in the early part of 2018, whereby Breedon acquired four quarries and an asphalt plant in Britain in exchange for 27 ready-mixed...
Cherat Cement reports 15% net profit increase
Pakistan’s Cherat Cement Co Ltd has announced its 9MFY18 results, reporting a 14.6 per cent YoY increase in net profit to PKR1.79bn (US$15.49m). Net sales increased 66 per cent...
Maple Leaf announces 6% increase in net sales
Pakistan’s leading cement manufacturer, Maple Leaf Cement Factory, has announced its 9MFY18 results. The company’s net profit fell 14.7 per cent YoY, to PKR3.37bn (US$29.13m) f...
Breedon to find remedies with CMA to conclude Tarmac quarry deals
Breedon Group Plc's proposed phase 1 acquisition of certain assets from Tarmac, in exchange for a number of ready-mixed concrete plants and a cash payment, as announced on 13 D...
Sinoma to build 5000tpd Salavat plant
A cement plant worth almost RUB12bn (US$194m) will be built in the Russian Republic of Bashkiria, RBC news agency reported on Tuesday. The clinker capacity of the plant will ...
GCC quintuples consolidated net income in 1Q18
Grupo Cementos Chihuahua (GCC) reported a 13.6 per cent YoY rise in net sales to US$188.7m in 1Q18. The Mexico-based cement producer saw its EBITDA rise by 40.6 per cent to US$...
Dangote Cement Group's revenue up 16% in 1Q18
Dangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Gr...
Shree Digvijay Cement posts 63% rise in sales
India-based Shree Digvijay Cement has announced a 63.1 per cent YoY rise in sales in the fourth quarter, ended March 2018. EBITDA increased 41.5 per cent to INR189m (US$2.83m),...
Cementos Pacasmayo announces 13% revenue increase in 1Q18
Cementos Pacasmayo SAA has announced a 12.8 per cent YoY increase in revenue in the first quarter of the year, rising to PEN315.3m (US$97.58m) from PEN279.5m. The positive resu...
McInnis Cement can transport more cement by rail
The number of rail wagons transported by McInnis Cement across the Cascapedia bridges in Richmond may be increased, according to Radio Gaspésie. A recent review of the ultra...
Grinding plant and quay berths acquired by CK Infrastructure Holdings
Cheung Kong Infrastructure Holdings has acquired a cement grinding station and three quay berths in Yun Fu city in Guangdong province, China, at CNY180m (US$28.5m). The agreeme...
Breedon appoint deputy chairman
Breedon Group plc, the UK's largest independent construction materials group, has appointed Amit Bhatia as non-executive deputy chairman, with immediate effect. Amit joined ...
Carthage Cement records 25% revenue increase
Tunisia’s Carthage Cement Co has posted a 25 per cent YoY increase in revenue for the 1Q18, according to the African Manager. This result was achieved despite a halt in product...
Gharibwal Cement's profit falls in 9MFY18
Pakistan's Gharibwal Cement reported a net profit fall in 9MFY18 ended March 2018 to PKR1bn (US$8.6bn) from PKR1.70bn, (US$9.22m) earned in the same period of last financial ye...
CIROM: Romanian cement market growth muted at 2%
Romania’s cement association, CIROM, expects the country’s cement market to show only modest growth in 2018. "We are not very optimistic about the cement market in 2018. We ...
ArcelorMittal increases Ecocem stake
Steelmaker ArcelorMittal has increased its shareholding in Ecocem France. By the end of May, ArcelorMittal will hold a 49 per cent stake in the cement company, compared to 30 p...
Holcim Philippines appoints John Stull as CEO
Holcim Philippines has appointed John Stull, the former chief of LafargeHolcim’s US cement operations, as its new president and CEO with immediate effect. Mr Stull will be repl...
Dangote announces CEO and Board appointments
Joe Makoju has been appointed Dangote Cement's Group Chief Executive, having taken on the role in an acting capacity at the beginning of the year. He has worked in several worl...
Arabian Cement announces net loss in 1Q18
Arabian Cement has announced a 106 per cent YoY decline in net profit for the first quarter of the year, falling from SAR100.7m (US$26.85m) to a loss of SAR6.1m, according to R...
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