Price rise granted for INSEE and Tokyo Cement
The Sri Lanka Consumer Affairs Authority (CAA) today (Monday) has allowed INSEE Cement (formerly Holcim Lanka) and Tokyo Cement to increase the price of a 50kg bag of cement by...
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Government institution sells 35,500 shares in Ciments du Maroc
The Moroccan Capital Markets Authority (AMMC) has announced that the Abu Dhabi Fund For Development (ADFD) has sold 35,517 Ciments du Maroc shares to the central market at a un...
Will Saudi Arabian producers turn to exports?
The full removal of export tariffs on cement, effective 1 February 2018, signals an important change for Saudi Arabian cement producers. While the Ministry of Commerce lifted S...
LafargeHolcim announces five-year strategy
LafargeHolcim has announced its new five-year strategy to grow faster than the overall market and cut costs. The plan targets an annual sales growth of 3-5 per cent, recurring ...
Colombia's cement sales slip in January
Colombia's cement market contracted by 0.5 per cent YoY in January 2018 to 0.908Mt, according to DANE, the country’s statistics office. The drop is attributed to a 3.4 per ce...
Holcim Philippines reports fall in net profit for 2017
Holcim Philippines has announced its results for 2017 and reports a net profit of PHP2.4bn (US$46.2m) for the full-year period, a fall of 65 per cent compared to the previous y...
Cuba to modernise cement factories
The Cuban cement industry will begin modernising cement plants this year to increase the country's production. According to Pavel Cansino Ávila, deputy director of Grupo Empr...
Value chain is being bypassed in Namibia's cement sector
Namibia's cement industry is suffering from oversupply and low protection for the existing domestic producers. Infant Industry Protection (IIP) is afforded to an infant industr...
Cementos Molins reports 40% YoY rise in net profit in 2017
Cementos Molins posted a net profit of EUR89.1m (US$109.4m) in 2017, which represents a YoY advance of 39.5 per cent. Consolidated turnover for the year increased 15 per cent...
Savannah Cement targets Big Four Agenda projects
Savannah Cement will tap into Kenyan President Uhuru Kenyatta's Big Four agenda – manufacturing, universal healthcare, affordable housing and food security – as it enhances its...
CRH appoints Richard Boucher as a non-executive director
CRH has announced the appointment of Richard Boucher to the board as a non-executive director, with effect from 1 March 2018. Mr Boucher has extensive experience in financia...
CRH FY17 results see sales of EUR27.6bn
CRH has released its full year 2017 results and reports sales of EUR27.6 bn, up two per cent on 2016 on a like-for-like basis. EBITDA was up six per cent to EUR3.3bn from EUR3....
Lafarge Surma Cement changes name
Lafarge Surma Cement Ltd has changed its name to LafargeHolcim Bangladesh Ltd, effective from Thursday. According to a notification to the Dhaka Stock Exchange, "other things o...
CMA launches Breedon and Tarmac asset swap enquiry
The Competition & Markets Authority (CMA) has launched Phase 1 of a merger inquiry into the anticipated acquisition by Tarmac of certain assets of Breedon Group. The initial pe...
FLSmidth acquires Sandvik Mining Sytems
FLSmidth has announced that its acquisition of Sandvik Mining Systems has been finalised. The deal will see the integration of continuous surface mining and minerals handling t...
Loesche to supply VRM for Vicem
Loesche has won a contract from Vicem Hoang Thach Cement Co to supply a VRM for its plant in Hai Duong, Vietnam. The LM 59.3+3 CS mill has a transmission power of 6200kW and ca...
Cement price increase in north Pakistan
Cement retail prices in northern Pakistan have increased by PKR10/bag (US$0.09), due to increase in demand, high capacity utilisation (close to 100 per cent in the north) and ...
EAPCC announces net loss for 2H17
East African Portland Cement Company (EAPCC) has announced that its net loss worsened in the half-year period ended 31 December 2017. The loss widened by 290 per cent YoY to KE...
Dandot Cement Co posts PKR320m loss in 1HY17-18
Dandot Cement Company Ltd (DCCL) has announced that it has incurred a loss of PKR320m (US$2.88m) in 1HY17-18 as compared to a loss of PKR110m incurred in corresponding period ...
CarbonCure Technologies demonstrates CO2 capture and utilisation
CarbonCure Technologies claims that it has led a team of five companies to demonstrate the world's first integrated CO 2 capture and utilisation (CCU) from cement for concrete...
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