Cementos Bío Bío sees 42% drop in 1Q profits
Chilean cement producer Cementos Bío Bío reported a 41.6 per cent reduction in first-quarter revenues to CLP67.93m (US$100,704) from CLP76.84m in 1Q16, according its report to ...
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Vulcan Materials to acquire Aggregates USA
Vulcan Materials Co has reached a definitive agreement with SPO Partners to acquire its aggregates business, Aggregates USA LLC for US$900m in cash. Aggregates USA LLC operates...
LafargeHolcim to start share buy-back programme
LafargeHolcim announces that it will start its share buy-back programme of up to CHF1bn (EUR916.9m) over 2017-18 on 1 June 2017. The programme that was initially announced at t...
Sinai 1Q17 loss widens
Sinai Cement reported an increase in losses by 55 per cent YoY during the first quarter of 2017, due to the rise of financing and administrative costs. The company said in a ...
Egyptian Cement Co seeks loan for Sohag plant
Egyptian Cement Co has entered into negotiations with a local banking alliance to obtain a loan of EGP4bn (US$221m) to partly finance the cost of its first plant and constructi...
Paraguay: INC welcomes Senate move on cement use
The president of Paraguay’s Industria Nacional de Cemento (INC), Jorge Méndez, has welcomed the approval granted by the country’s Senate of a bill that establishes the use of d...
Colombian market contracts 15%
In April 2017 cement consumption in Colombia fell 14.9 per cent to 0.9Mt from 1.058Mt in April 2017, according to Colombia’s statistics office, Dane. Sales across all distri...
AfDB provides loan to Diamond Cement Guinée
The African Development Bank has granted a US$22.5m loan to Diamond Cement Guinéa to finance a clinker production unit. The new 0.5Mta plant will be built in Souguéta, some 2...
FLSmidth receives cement plant order in Pakistan
FLSmidth has been awarded an order from Power Cement Ltd, part of the Arif Habib Group in Pakistan, for engineering, procurement and supply of equipment for a 7700tpd productio...
FANCESA Cal Orck’o works to start production mid-2019
Bolivia’s Fábrica Nacional de Cemento (FANCESA) will finish all earthmoving works on the site of its new cement plant in Cal Orck’o in two months’ time, according to the compa...
Dalmia Cement supplies India's longest bridge
Dalmia Cement (Bharat) Ltd has supplied 17,000t of high-quality cement for the construction of the Dhola-Sadiya bridge connecting Arunachal Pradesh to Assam, which was inaugura...
Jamaica Labour Ministry intervenes in Carib Cement unrest
Jamaica's Ministry of Labour has intervened following industrial action by workers at Caribbean Cement Company over the company's wage offer, local media report. Ministry offic...
LafargeHolcim Guinée names Brice Houeto new Managing Director
Brice Houeto has been appointed as the new Managing Director of LafargeHolcim Guinée, effective 1 May 2017. He succeeds Luis Castillo Astruga and his appointment comes eight...
LafargeHolcim plant in Hungary wins gold World Prix d’Excellence
LafargeHolcim’s Kiralyegyhaza cement plant in Hungary has received the World Prix d’Excellence 2017 from the International Real Estate Federation (FIABCI). The plant was awarde...
India: M&A activity at the top
The pace of merger and acquisition activity in the Indian cement industry has picked up over the last year, with the country's leading cement producers in particular looking to...
Pakistan Economic Survey forecasts growth in cement industry
The performance of the Pakistan cement industry has been remained encouraging and recorded good growth in the fiscal year to-date. Going forward, the prospects continue to be b...
Holcim Philippines capacity to reach 10Mta by 2Q-end
Holcim Philippines Inc said its production capacity is expected to reach 10Mta by the end of the second quarter through upgrades to its plants at Mabini and Norzagaray. Holc...
Lafarge Cement rules out compulsory redundancy if transport fleet is removed
Lafarge Cement has ruled out compulsory redundancy if it removes its transport fleet at the company’s Cauldon works in the UK, according to local press reports. Concerns have...
Prism Cement quarterly net profit falls
India-based Prism Cement’s net profit fell to INR701.5m (US$10.9m) versus INR756.1m a year earlier. Consensus forecast for March quarter profit was INR23.01m, according to Reu...
Caribbean Cement donates bags of cement for flood victims
Caribbean Cement has donated 3000 bags of cement bearing market value of JMD3.2m (US$ 24,598) to Jamaica's Office of the Disaster Preparedness and Emergency Management (ODPE...
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