South Valley Cement Co 1Q profit drops
Egypt-based South Valley Cement Co on Sunday posted a 53 per cent YoY drop in profits for the first quarter of 2017, according to a bourse statement. The company achieved pro...
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Nova Scotia approves tyre burning pilot
The Canadian province of Nova Scotia has approved a pilot project to burn tyres in the cement kilns of Lafarge Canada’s Brookfield plant. The province will pay the cement pr...
Moroccan cement market contracts 8% in May
Cement sales in Morocco fell 7.6 per cent to 1.24Mt in May. The drop has been attributed to the recession in the real estate sector following a slump in social housing and the ...
Swiss cement demand contracts 4.7% in 2Q17
In the second quarter of 2017, dispatches by Swiss cement producers to the domestic market have contracted by 4.7 per cent to 1,187,613t from 1,245,811t in 2Q2017, according to...
Bangladeshi exports earn US$9.58m in 11MFY16-17
The Bangladeshi cement industry earned an export revenue of US$9.58m during the first 11 months of FY16-17 compared to US$1.85m in corresponding months in a year ago. The e...
Penden Cement gear box failure sees output falter
Cement production at Penden Cement Authority Ltd (PCAL) in Gomtu, Samtse, Bhutan, was affected last month as a gearbox in one of the two coal mills broke down. The gearbox f...
Shengli and Kaifa resign from Anhui Conch
Qi Shengli, supervisor and chairman of the supervisory committee of Anhui Conch, has tendered his resignation from the company, according to a statement released on 30 June. Hi...
Moody's assigns first-time Ba3 and Aaa.ng ratings to Dangote Cement
Moody’s has assigned a first-time Ba3 Local Currency Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating and Aaa.ng National Scale Rating (NSR) to Dangote Cemen...
Siam City to invest in Vietnam operations
Siam City Cement Vietnam Co Ltd will invest an additional US$30-50 in its Vietnamese cement plants in Kien Giang, Ba Ria-Vung Tau and Dong Nai provinces, and Ho Chi Minh City (...
Votorantim Cimentos inaugurates new Sivas plant
Votorantim Cimentos on Wednesday inaugurated its new plant in Sivas, central Turkey, continuing the company’s strategy of geographic diversification with investments in markets...
Pakistan terminal begins commercial operations
Pakistan International Bulk Terminal Ltd (PIBT) has started commercial operations from the country's first and only common-user coal, cement and clinker terminal at Port Qasim,...
Ashaka Cement confirms delisting from NSE
Ashaka Cement Plc has formally notified its shareholders and the general public of its delisting from the Nigerian Stock Exchange (NSE). In a statement issued on Tuesday sig...
Sika names new regional manager for EMEA
Ivo Schädler will assume responsibility for the Europe, Middle East and Africa (EMEA) region and will join Sika's Group Management. He succeeds Paul Schuler, who was appointed ...
Fiji's Pacific Cement plant back online
Fiji-based Pacific Cement Ltd's cement plant is back online, according to Sowani Tuidrola, the company’s CEO. The facility was shut down in late April due to a major breakdown,...
Mexico's construction chamber considers imports
Following the rise in Mexican cement prices earlier this month, the President of the country’s Chamber of the Construction Industry, Gustavo Arvallo, said the organisation was ...
US and Puerto Rico shipments down slightly
Total shipments of Portland and blended cement in the United States and Puerto Rico in April 2017 were about 7.6Mt, slightly less than sales in April 2016, latest data from the...
BOAD grants CIMAF Burkina Faso finance
The West African Development Bank (BOAD) has granted XOF6bn (US$10.3m) to Morocco’s Cimenteries de l'Afrique Burkina Faso (CIMAF) for the partial financing of the import of raw...
Drop in Saudi 2Q earnings expected
Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1 to 62.8 per cent in the second quarter of 2017, according to a recent report by ...
Sinoma anticipates substantial rise in interim net profit
China National Materials Company (Sinoma) said it expects the net profit attributable to the shareholders of the parent company for the six months ended 30 June 2017 to record ...
UltraTech reduces prices
UltraTech Cement has reduced prices of its products by 2-3 per cent, extending benefits of a tax reduction under the countrys Goods and Service Tax (GST) regime, local press re...
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