Caribbean Cement consolidated profit hits JMD2bn
Caribbean Cement group reported YtD consolidated profit before tax of JMD2.01bn (US$15.86m) over nine months compared to JMD1.26bn last year, reports Loop Jamaica. The two-...
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Vietnam 10M18 cement production up 6.5% YoY
Vietnam is estimated to have produced 69Mt of cement in the first 10 months of this year, representing a 6.5 per cent rise YoY, says the government-run General Statistics Offic...
Fauji Cement records a 1QFY18 net profit of PKR444m
Fauji Cement (FCCL) has earned net profit after tax of PKR444m (US$4.2m) in 1QFY18, down by 27 per cent YoY. The company's sales stood at PKR4.79bn, up by nine per cent Y...
Habesha Cement forced to halt production
Habesha Cement, has halted its cement production at its plant near Holeta city, Oromia State due to a security threat. The decision was made after young anti-government protest...
Cherat Cement Pakistan profits up by 50%
Cherat Cement (CHCC) of Pakistan has announced 1QFY18 net profit after tax of PKR606m (US$5.75m), up 50 per cent YoY. The company net sales grew by 33 per cent YoY to PKR 3...
Cemex Philippines sees 63% fall in 9M17 income
Cemex Holdings Philippines Corp said on Friday that its net income for the first nine months of 2017 had fallen 63 per cent as a result of lower prices and volumes amid heighte...
Livetouch Investments starts production at Redcliff plant
Livetouch Investments has commenced cement production at its 410,000tpa capacity plant in Redcliff, Zimbabwe, a senior company executive said. Managing director Dongning Wan...
Holcim Philippines breaks ground on Kalayaan project
Holcim officials broke ground at its Davao plant, where two major projects are being undertaken to raise the works’ production capacity from 1.4Mta to 2.2Mta. The PHP1.5bn (U...
Lucky Cement profits grow by 6.8% in 1QFY18
Pakistan-based Lucky Cement Co Ltd reported 1QFY18 earnings of net profit of PKR3.01bn (US$28.5m), up by 6.8 per cent YoY. The company's revenue increased six per cent YoY ...
Red Sea City plan raises Saudi cement firms' share prices
Saudi Arabia’s plan to build an entirely new US$500bn city, Neom, by the Red Sea has breathed life into the country’s beaten-down cement sector. Shares of companies such as...
Shiva quarterly net loss deepens
India’s Shiva Cement has reported a deepening net loss of INR86m (US$1.33m) in the July-September 2017 quarter when compared with a net loss of INR26.3m in the year-ago quarter...
Ambuja Cement's strategy pays off
This week the 3Q17 results have been flooding in for Indian cement manufacturers with Lafarge-Holcim-owned ACC and Ambuja Cement reporting their results and seeing net profits...
LafargeHolcim's cement volumes increase by 4.7 per cent in 3Q17
LafargeHolcim announced cement volumes were up 4.7 per cent in 3Q17 and 1.8 per cent for the year to date. Globally, cement prices improved by 5.6 per cent in the quarter compa...
USA sees 3% rise in July cement shipments
Total shipments of Portland and blended cement in the USA and Puerto Rico rose 3.4 per cent YoY to 8.5Mt in July, according to data by the United States Geological Survey (USGS...
Cemex 3Q17 net sales total US$3.5bn
Cemex announced that its consolidated net sales reached US$3.5bn during the 3Q17, representing an increase of two per cent, or an increase of one per cent on a like-to-like bas...
LafargeHolcim in talks with PPC
LafargeHolcim announced that it is in talks with the board of directors of PPC regarding a possible transaction in Africa. “No agreement with PPC has yet been reached and no...
HK Stock Exchange may propose delisting China Shanshui Cement
China Shanshui Cement Group Ltd said the Hong Kong stock exchange would seek to delist the firm if it was not able to restore a minimum public float of 25 per cent of its iss...
Cemex forecasts 0.5Mt required to restore Mexican earthquake damage
Cemex said on Thursday that reconstruction efforts from two major earthquakes that hit Mexico last month will likely require 500,000t of cement over the next 12 to 18 months. ...
Eagle Materials Inc 2Q fiscal 2017 cement volumes rise
Eagle Materials Inc reported that in its financial results for the 2Q fiscal 2017, ended 30 September 2017, cement volumes were up 12 per cent, including the Fairborn business,...
Elementia sees 39% rise in 3Q EBITDA
Mexico-based Elementia reported EBITDA of MXN1.296bn (US$67.9m) in 3Q17, an increase of 38.9 per cent YoY. The company attributes the rise in earnings to higher sales and price...
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