Vulcan Materials improves net profit
Vulcan Materials, the largest US aggregates producer, generated a 1Q17 turnover 4.3 per cent ahead at US$787.3m while EBITDA declined by four per cent to US$149.3m, having just...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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DAL Teknik Makina orders second Pfeiffer mill for Uzbekistan
DAL Teknik Makina, headquartered in Istanbul, Turkey, has ordered a Gebr Pfeiffer MVR mill for a new project in the province of Surxondaryo in Uzbekistan. The mill to be suppl...
Eagle Cement Corp gets IPO nod
The Board of the Philippine Stock Exchange (PSE) yesterday approved the initial public offering (IPO) applications of cement maker Eagle Cement Corporation. Eagle Cement will ...
Tokyo Cement inaugurates second biomass power plant
Sri Lankan cement producer Tokyo Cement has officially opened its second biomass power plant at Trincomalee in the presence of country president Maithripala Sirisena, Daily New...
Nico Delvaux appointed President and CEO of Metso Corporation
Metso's Board of Directors has appointed Nico Delvaux President and CEO of Metso, effective at the beginning of November 2017 at the latest. Nico Delvaux is currently Senio...
AshakaCem chairman resigns
Mallam Suleiman Yahyah, chairman of Nigeria-based AshakaCem Plc, has tendered his resignation from the company. “In line with the listing requirements of the Nigerian Stock E...
HeidelbergCement's 1Q sales volumes boosted by Italcementi acquisition
In the first quarter, the sales volumes of HeidelbergCement’s building materials rose substantially as a result of the consolidation of Italcementi. The continued recovery of t...
McInnis Cement welcomes rebuilding of Gaspésie railroad
McInnis Cement has welcomed confirmation by the Québec Government to rebuild the Gaspésie railroad between Matapédia and Gaspé. Once the infrastructure is restored to McInnis’ ...
FLSmidth sees strong momentum in service activities continue in 1Q
FLSmidth achieved its highest quarterly order intake from total service activities since 2012 reporting strong moment continued into the first quarter of this year. "The gro...
Southern Province sees 63% drop in 1Q profit
Saudi-based Southern Province Cement Co reported a 62.9 per cent drop in profits for the first quarter of 2017, compared to the same period of the previous year, while QoQ prof...
Cemex USA recognised for safety, energy efficiency & environmental stewardship
Three Cemex USA cement plants have been recognised with five awards from the Portland Cement Association (PCA) for outstanding achievements in safety performance, safety innova...
Orient Cement sees pick up in volumes
India's Orient Cement saw an improvement in fourth-quarter volumes but reported a 10.55 per cent decline in net profit due to the full extent of finance costs and depreciation....
Cementos Molins to raise capacity by 4.4Mta
In the next three years Cementos Molins plans to invest EUR350m to increase its capacity by 4.4Mta. The company currently has projects in Argentina, Colombia and Bangladesh. ...
MI Cement signs MoUs with Housing and Building Research Institute
MI Cement Factory or Crown Cement and GPH Ispat have signed two separate memoranda of understanding with the Housing and Building Research Institute to develop environment-frie...
Arabian Cement quarterly net profit rises
Arabian Cement Co of Egypt posted consolidated net profits of EGP59,741,627 (US$3.3m) in the first three months of this year, versus net profits of EGP34,145,321 in the same pe...
Tanga confident on improving market conditions
Tanga Cement has said it is upbeat that the market challenges faced last year are coming to an end thanks to a growing domestic economy and the launch of mega-infrastructure ...
Lafarge Africa seeks approval to raise NGN140bn
Lafarge Africa plans to seek shareholders' approval next month to raise NGN140bn (US$445.86m) and also convert some loans into equity as part of the capital injection, the comp...
Najran Cement Co posts lower profits
Najran Cement Company reported a 81.7 per cent YoY decline in its profits during the first quarter of 2017, according to a Saudi bourse filing. Profits reached SAR11.22m (US...
Argentine cement demand sees 12% rise
Argentina saw a 18.1 per cent MoM drop to 845,690t in dispatches (including exports) in April but noted a 10.7 per cent rise YoY, according to the country’s Portland Cement Man...
Summit full-year income up 32.7%
For the 12 months ended 31 December, Summit Materials Inc reported basic and diluted earnings per share of US$0.53 on net income of US$36.8m up 32.7 per cent YoY. For the same ...
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