Maple Leaf FY17 net profit dips
Pakistan-based Maple Leaf Cement Factory Ltd (MLCF) reported a net profit of PKR4.77bn in FY17, a decline of two per cent on a YoY basis. Revenue was up by two per cent YoY to...
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Dangote earns US$86m in revenues from Ethiopia
Dangote Cement earned revenues of more than US$85.8m from its plant in Ethiopia in the financial year that ended 8 July. Export volumes of more than 2Mt contributed signific...
Cemex celebrates 25 years of global growth
Cemex celebrates the 25th anniversary of the start of its globalisation strategy by commemorating the company’s entry into the Spanish market in 1992. Cemex began its intern...
Brazil eight-month sales update
Cement sales in Brazil for the first eight months of 2017 fell by eight per cent YoY to 35.7Mt, according to preliminary industry data gathered by Sindicato Nacional da Indústr...
PIC reportedly backs joint offer for PPC
PPC'S largest shareholder, Public Investment Corporation (PIC), is supporting a joint offer for South Africa's biggest cement-maker from domestic rival AfriSam Group and Canadi...
Attock Cement reports flat 4Q earnings, full-year rise
Pakistan cement producer Attock Cement posted flat net earnings in 4QFY17 of PKR796m (US$7.5m) against the same period of last year, the company said in a note to the Pakistan ...
UK: new orders in construction fall to lowest in three years
Construction output in the UK during July fell by 0.9 per cent and was 0.4 per cent lower compared with one year earlier, latest figures from the country's Office of National S...
Fives Group founding member of the Centre for Technologies, Minerals and Recycled Materials of the Future
The Fives Group has become a founding member of the Centre for Technologies, Minerals and Recycled Materials of the Future (CTMRMF), a new association that aims to develop the ...
New managing director for Cementa
Magnus Ohlsson has taken up his new position as Managing Director of Swedish building material company Cementa. Mr Ohlsson has worked for Cementa and its parent company Heidel...
Sika establishes El Salvador subsidiary
Sika is continuing to expand its presence in Central America and is setting up its 99th national subsidiary in El Salvador. The company will thus be represented by its own sale...
Argentina sees 7% rise in August demand
Cement consumption in Argentina increased 7.4 per cent to 1.122Mt in August 2017 from 1.044Mt in August 2016, according to the country’s cement association, AFCP. The organisat...
CNBM & Sinoma merger could complete by year-end
China National Building Material Group Co (CNBM) said that it will complete merging with China National Materials Group Corp (Sinoma) by December or early next year. The anno...
Sanghi Cements plans floating cement terminal
Sanghi Cements is considering setting up a floating terminal at Kochi Port as part of expanding its coastal movements to south Indian markets. A team from the company is sched...
Kuwait Portland Cement chairman buys 1.46m shares
The chairman of Kuwait Portland Cement, Khaled Al Sager, has purchased 1.46m of the company’s shares on Wednesday, 6 September. The total value of the purchased stake stood ...
Butra HeidelbergCement launches new brand of cement
Butra HeidelbergCement (BHC) Sdn Bhd, the only cement producer in Brunei Darussalam, has expanded its product line under the Brunei Cement brand with the launch of the 52.5 Bru...
Fortune recognises Cemex as a World Changing Company
Cemex announced that it has been included in the Fortune 2017 Change the World List, a ranking that highlights 50 companies worldwide that have had a positive social impact thr...
Dangote sets eyes on PPC Group
Aliko Dangote is considering counter offers for the PPC Group and as such could spark a bidding contest for South Africa’s largest cement producer, reported The Star who quoted...
Vassiliko posts 5% 1H net profit rise
Cyprus-based Vassiliko Cement Works plc generated a net profit of EUR12.7m (US$15.3m) in the first half of 2017, representing a five per cent rise YoY from EUR12.1m in 1H16. ...
Proposal for solar array at Holcim US Hagerstown
Holcim US Inc is proposing the construction of a 10MW solar power plant on a 120-acre section of its property just south of Antietam Creek, near its cement plant in Hagerstown ...
July's cement dispatches see significant rise in northern Pakistan
Pakistan's local dispatches from units based in its northern region were 2.423Mt, while the region's export dispatches reached 0.338Mt in July 2017, representing a significant ...
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