Ramco Industries to sell Kharagpur grinding unit
Ramco Industries Ltd has agreed with The Ramco Cements Ltd, a related party, for the sale of its clinker grinding unit in Kharagpur, West Bengal. The revenue contribution of ...
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UltraTech seeks clarity on Binani Cement bidding process
UltraTech has approached the National Company Law Tribunal (NCLT) in Kolkata, seeking clarity on the evaluation of bids for Binani Cement, according to India Info Online. Dalmi...
Sinai Cement swings into the red
Sinai Cement, Egypt, incurred consolidated net losses of EGP352.48m (US$19.99m) in 2017 from a net profit of EGP14.64m in 2016. Its standalone net results showed a net loss ...
Kuwait Cement FY17 profit falls 12%
Kuwait Cement saw a YoY increase of 15.4 per cent in profits to KWD4.94m (US$16.5m) in 4Q17 from KWD4.28m in 4Q16, according to a stock exchange statement. However, in FY17,...
Argentina's cement market expands 16% in February
Argentine cement consumption increased 15.6 per cent YoY in February 2018, according to the country’s cement association, AFCP. Total volumes sold on the domestic market ros...
FLSmidth wins contract to optimise Xuan Thanh Cement
Xuan Thanh Cement in Vietnam has hired FLSmidth to provide five onsite advisors with the purpose of optimising the production of its cement plant while minimising the productio...
Nepal heads towards self-sufficiency in cement production
Nepal is seeing growing demand for cement in the country, as post-earthquake reconstruction work and construction of public and private infrastructure projects have started gat...
Cimentos de Mocambique denies responsibility for price rises
Cimentos de Mocambique (CM), which operates two cement factories in the northern province of Nampula, has denied authorising any increase in the price of its product. Jorge ...
LafargeHolcim announces new Middle East/Africa organisation
LafargeHolcim has announced its new organisation for the Middle East and Africa region. "This new organisation will further increase our market focus, our operational performan...
Lao Cement Co opens on Lao stock exchange
Lao Cement Co has opened for trading on the Lao Securities Exchange. The company’s participation in the Lao stock market will help to boost socio-economic development, create j...
Cemento Polpaico slips into loss
Chile’s Cemento Polpaico informed the country’s Financial Markets Commission (CMF) it registered losses of CLP1.042bn (US$1.74m) in 2017. The new income figure is a sharp re...
Nuvoco Vistas plans 5-10% rise in specialised cement range
Nuvoco Vistas Corporation Ltd, previously known as Lafarge India, is planning a 5-10 per cent rise in specialised cement to its product range over the next two years. Value-add...
PPC makes several changes to its board
PPC has announced that Jabu Moleketi has been appointed as chairperson, with immediate effect. Mr Moleketi replaces Peter Nelson who, along with non-executive directors Sydney ...
LafargeHolcim incurs major impairment charges, rolls out 5-year strategy
LafargeHolcim's underlying turnover for 2017 amounted to CHF26,129m, a decline of 2.9 per cent, while in euro terms there was a 10.2 per cent decrease to EUR22,672m. The Asia-P...
FLSmidth and CNBM to build 12,000tpd plant for ETHRB Group
FLSmidth has announced the location of its most recent North African cement plant order. The Denmark-based turnkey provider will deliver a complete state-of-the-art cement plan...
Adelaide Brighton announces results for 2017
Adelaide Brighton has announced its results for the full-year period, ended 31 December 2017. The company saw a 2.3 per cent YoY fall in net profit to AUD182m (US$141m), but re...
Peru's Invercem plans expansion
Peruvian cement producer Inversiones en Cemento (Invercem) plans the construction of cement plants in Pisco and Ayacucho, according to its founder Victor de La Torre. The new w...
Holcim to import 423,500t of clinker into Argentina
Between May and December 2018 Holcim is expected to import 423,500t of clinker into Argentina, worth US$27.52m. The imports will arrive in 10 shipments of 42,350t each. In De...
Industry sales in Pakistan grow by 4% in 1HFY18
The profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase...
Hurtado Vicuña looking for merger support
Chilean holding Grupo Hurtado Vicuña will seek support from small shareholders for a merger of its Cementos Bicentenario (BSA) with Cementos Polpaico. The merger is expected...
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