Saudi Arabia volumes down 19% in 7M17
Saudi Arabia’s cement sales volumes have dropped by 19 per cent YoY to 28.3Mt during the first seven months of 2017, a report from Al Rajhi Capital reveals. The Saudi Cement ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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President of Ghana to lay foundation stone for new plant
President Nana Addo Dankwa Akufo-Addo of Ghana will tomorrow lay the foundation stone a new grinding plant for CBI Ghana at the Tema Free Zones Enclave. When complete, the C...
Petron receives new order from Ramco
Petron Engineering Construction Ltd has received work order for civil and mechanical works from India-based Ramco Cements Ltd for its Line-II grinding unit project at Kolghat i...
Fujairah Cement Industries reports 2Q decline
UAE-based Fujairah Cement Industries Co posted a decline in its profits during the second quarter of 2017, according to a bourse statement. Net profits reached AED8.3m (US$2...
Saudi's subdued second quarter
The Saudi Arabian cement industry is continuing to face headwinds with domestic producers reporting a tough second quarter amid the dual impact of lower cement demand and Ramad...
Morocco July sales see 42% hike
Cement sales in Morocco increased 42 per cent in July, jumping to 1.2Mt, when compared with the year-ago period. The rise in sales has been attributed to “the resumption of s...
Indonesia's cement producers predict better 2H17
While the first six months of 2017 proved challenging for Indonesia’s cement producers, their expectations for the second half are more upbeat. Semen Baturaja is focussing on...
Dangote Cement to operate gas power plant in Tanzania by September
Dangote Cement plans is to set up a gas-powered plant in Tanzania by September to reduce its operational costs and its reliance on diesel. Dangote annunced that it has invest...
Adelaide Brighton fights residential encroachment
Adelaide Brigton has voiced concerns that it could be forced to leave the Port of Adelaide if residential encroachment in the area is not abated. The Australian cement prod...
Misr Beni Suef sees 41% drop in 1H net profit
Egyptian cement producer, Misr Beni Suef Cement, announced in a statement sent to the Egyptian Stock Exchange, the audited financial results for the first six months of 2017, p...
Lafarge Africa and COREN develop Nigeria's first concrete manual
Lafarge Africa Plc is set to partner Council for the Regulation of Engineering in Nigeria (COREN) in the research and development of Nigeria’s first concrete mix design manual....
FLSmidth reports 11% rise in revenue
FLSmidth reported an 11 per cent rise in revenue and a 25 per cent increase in EBITA in the 2Q17, driven by continued momentum in in orders from service activities. Consolida...
Kuwait Cement sees decline in quarterly profit
Kuwait Cement reported a decline of 37.1 per cent in profits to KWD4.38m (US$14.48m) in the second quarter this year compared to KWD6.96m (US$23.01m) in the same quarter a year...
Birla Corp to seek board approval for Mukutban plant
Birla Corp is due to put its proposal plans for a greenfield plant at Mukutban near Yavatmal district, India, before its board of directors for approval. "We are planning to...
Arabian Cement Co profit down on lower sales and prices
Saudi-based Arabian Cement Co on Wednesday announced a 74.8 per cent YoY decrease in its profits for the second quarter of 2017, attributing the drop to lower sales volumes and...
Lucky recognised for commitment to sustainable development
Pakistan producer Lucky Cement has been awarded Environment Excellence Award at the 14th Annual Environment Excellence Awards 2017, organised by the National Forum of Environme...
Gary De La Rosa new MD Argos in Dominican Republic
Colombia-based cement and concrete producer Argos has appointed Gary Manuel de la Rosa as new Managing Director of its operations in the Dominican Republic. "It is very sati...
Argentina’s cement market expands 20%
Argentine cement consumption edged up one per cent MoM and 19.8 per cent YoY in July 2017. Demand reached 1,016,590t. Imports surged from 982t in July 2016 to 8692t one year...
UK construction industry growth slows
Growth prospects for the UK's construction industry in 2018 have been downgraded as the country prepares to leave the EU, according to the latest forecasts by the Construction ...
Eagle posts flat 2Q earnings
Eagle Cement Corp of the Philippines reported a one per cent rise in earnings for the second quarter of this year as wet weather affected results. Net profit edged ahead to P...
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