Hail Cement sees drop in 2017 profit
Saudi Arabia’s Hail Cement reported a 84.4 per cent YoY fall in its net profit to SAR15.5m from SAR99.7m. Total sales decreased 39.5 per cent from SAR272.1m in 2016 to SAR16...
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Uzbekistan cement manufacturers to sell at fixed prices
Uzbekistan’s cement manufacturers plan to open points of sale at fixed prices to customers, in the hope that this will prevent speculation in the market. Qizilqumsement JSC and...
Lucky Cement may opt for Pezu expansion
Lucky Cement of Pakistan has announced that in view of the continued delay in expansion plant for north, the company is evaluating for brownfield expansion of 2.3Mta at its ex...
Vietnam cement producers cut retail prices by US$7.48/t in 2018
Vietnamese cement producers have reduced their retail prices by VND10,000-170,000/t (US$0.44-7.48/t) since the start of this year, according to the Vietnam Ministry of Finance’...
Taiwan Cement plans to increase alternative fuel use
Taiwan Cement Corp has announced plans to work with Beijing Orient Landscape & Environment Co Ltd to develop its involvement in the Chinese waste market, according to the Taipe...
Peru’s Unacem swings into profit in 4Q17
Unión Andina de Cementos reported a profit of PEN34.5m (US$10.7m) in the 4Q17. The result, which is a marked improvement when compared with the loss of PEN42.3m in the same ...
Qassim Cement sees 38% drop in profit
Saudi Arabia’s Qassim reported a 26.5 per cent YoY fall in sales to SAR626m in 2017 from SAR852m. Net profit fell 37.8 per cent from SAR405.1m in 2016 to SAR251.8m one year ...
Jammu and Kashmir Cements’ Khrew plant shut due to coal shortage
The Khrew plant of Jammu and Kashmir Cements Ltd was shut for nine days as a result of a coal shortage. The shutdown occurred between 14-22 January and is reported to have c...
Vietnam’s VVMI La Hien profit slips 1% in 2017
VVMI La Hien Cement JSC reported a one per cent YoY decrease in its net profit to VND27.98bn (US$1.23m) in 2017. The company’s revenue fell one per cent YoY to VND649.46bn in...
Restructuring to re-energise South Korean market
South Korea's cement market took a further step towards consolidation this week when Asia Cement acquired Halla Cement for US$723m. This added 7.6Mta to Asia Cement's capacit...
Power Cement announces progress of expansion
Power Cement Limited has released a progress report regarding its brownfield project in Nooriabad, for the quarter ending 31 December 2017. The expansion is expected to increas...
Ghana's cement manufacturers suggest policy to consume surplus
Cement companies in Ghana have appealed to the government to act upon a policy that would ensure all future roads in the country are constructed out of concrete, reports Modern...
Ecebol Oruro plant ready for trial in September
Empresa Pública Cementos de Bolivia (Ecebol)’s plant in Caracollo, Oruro, is expected to be ready for its trial run in September, according to the country’s Minister of Product...
Gabon sees 6% market contraction
Cement sales in Gabon reached 245,530t, a drop of 5.5 per cent YoY by the end of September 2017. The volume represents a revenue of XAF18.18bn (US$34.4m), down 9.9 per cent, ac...
Indocement to commission terminal
Indocement Tunggal Prakarsa expects to complete construction of its new cement terminal in Palembang in the first quarter of 2018, according to Indonesia Investments. The termi...
ACC launches new cement
Neeraj Akhoury, CEO, ACC Ltd, launched the company’s new F2R Superfast cement on Tuesday, according to the Business Standard. The product is the latest addition to the F2R r...
Lipetskcement produces 0.684Mt of cement
Lipetskcement, part of the Eurocement Group, produced 684,000t of cement in 2017, representing a rise of 6.8 per cent YoY, and 600,000t of clinker, a YoY increase of 16.1 per c...
Ukraine cement output rises to 9.3Mt in 2017
Ukraine’s cement producers increase their production by 2.3 per cent YoY to 9.307Mt in 2017, according to the country’s State Statistics Service. In December output reached ...
Devki Group plans to construct two plants in Kenya
Devki Group plans to construct two new cement plants in Kenya, according to Construction Kenya. The first plant is expected to have a 0.75Mta capacity and be located on a 20ha ...
Carthage Cement sees 12% sales drop
Tunisia-based Carthage Cement reported a 12 per cent YoY decline in its revenues to TND172.9m (US$72.2m) when compared with revenues of TND196.1m in 2016. While sales in the...
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