Pioneer Cement reports 1HFY18 profit fall
Pioneer Cement Ltd has announced that its net profit for the period 1HFY18 fell by 51 per cent to PKR737m (US$6.6m). T his was reportedly due to a decrease in sale, increase in...
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Cemengal wins new order from Cementos Argos in Honduras
Cemengal of Spain has won an order for Cementos Argos for two Plug&Grind XL units with a production capacity of 220,000tpa each to be located in Honduras. These modular plan...
DG Khan Cement sees net profit fall by 17% in 1HFY18
DG Khan Cement (DGKC) of Pakistan has announced that its net profit for the 1HFY18 fell by 17 per cent YoY to PKR4.50bn (US$40.6m). Despite an increase in total net sales of s...
Ambuja Cements Ltd posts 89% leap in 4Q17 profits
Ambuja Cements Ltd (LafargeHolcim Group) has reported an 89 per cent jump in quarterly profit, helped by higher cement sales volume. Stand-alone profit rose to INR3.38bn (US$...
HeidelbergCement announces 4Q17 and FY17 preliminary results
HeidelbergCement's preliminary results for the 2017 financial year highlighted a significant rise for cement and clinker sales volumes, due to consolidation, increasing by 22 p...
Vicat's 2017 profits lower at pretax, but higher at net level
Vicat's turnover improved by 4.5 per cent in 2017 to EUR2563.5m while EBITDA eased by three per cent to EUR444.2m, while at unchanged exchange rates and other parameters the ch...
Indonesia cement demand up 9.9% in January 2018
Indonesia's cement consumption rose 9.9 per cent YoY to 5.68Mt in January 2018. The growth of demand is being attributed to rising cement demand on the back of the government-...
Cemento Melon reports 14% decrease in 2017 sales
Chile’s Cemento Melon saw its sales decrease by 14 per cent to US$298m in 2017 from US$345m in 2016. The company’s profit declined 54 per cent to US$14m from US$30m in 2015 ...
Arabian Cement posts SAR97m profits in 4Q17
Arabian Cement reported a 276YoY surge in net profits of SAR97m (US$25.9m) in 4Q17, compared to SAR25.8m in 4Q16, according to a statement to the Saudi Stock Exchange. However,...
Fauji Cement of Pakistan reports falls in profit of 6MFY17-18
Fauji Cement (FCCL) has announced its July-Dec 2017 results with net profit for the period falling to PKR1.26bn (US$11.3m) from PKR1.3bn (US$11.7m), earned in corresponding mo...
Shree Cement commissions New Bihar cement plant
Shree Cement has commissioned a 2Mta grinding plant called the 'New Bihar cement plant', which is located at Aurangabad in the state of Bihar, India. The company has recently ...
City Cement profit fall 57% in 2017
Saudi-Arabia-based City Cement reported a 56.9 per cent YoY drop in net profits for 2017 to SAR93.3m (US$24.9m). In 2016 net profits reached SAR216.3m, but a 48 per cent fal...
Breedon in talks to acquire Lagan Group
UK-based construction materials company, Breedon Aggregates, is reportedly looking to acquire all or parts of Lagan Group, a leading building materials company based in Ireland...
Cemtech Middle East & Africa gets underway in UAE
Cemtech Middle East & Africa 2018 Cemtech Middle East & Africa 2018 conference and exhibition has opened at the JW Marriott Marquis in Dubai, UAE, with dele...
Cemex to increase its shareholding in Lehigh White Cement
Cemex Inc has agreed to acquire an additional 12.25 per cent stake in Lehigh White Cement Company, a manufacturer of white cement, from Lehigh Cement Company LLC for US$34m. ...
UltraTech and Dalmia Bharat highest bidders in Binani Cement deal
UltraTech Cement and Dalmia Bharat-Bain Piramal Resurgence Fund consortium are leading the bids for Binani Cement, according to Indiainfoline. Both partieshave submitted bids o...
Pulau Baai packaging plant will increase PT Semen Padang's cement sales
A new packaging plant in the port of Pulau Baai, due to come on-stream later this year, has led PT Semen Padang to target cement sales of 442,100t in 2018. The new packing pl...
Dangote London IPO and Eurobond would need Board approval
According to Bloomberg, Dangote Cement Plc is potentially reviving plans for an Initial Public Offering sale in London that could raise about US$1bn. The Nigerian company is sa...
Pakistan's cement production grows 10% in 6MFY17-18
The latest data on Pakistan's Large Scale Manufacturing Sector (LSMS), released by the Federal Bureau of Statistics, shows overall growth of 5.5 per cent during the first ...
Arkan posts AED30.2m net profit following Emirates Cement closure
UAE cement producer Arkan Building Materials Co posted a net profit of AED30.2m in 2017 compared to a loss of AED82.3m in 2016. The company attributed the increase in profit...
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