Vicat expects improved Europe, US, India and west African markets
Vicat's first-quarter turnover eased by 0.5 per cent to EUR551m, which represents an underlying advance of 1.4 per cent. The cement turnover declined by three per cent to EU...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cementos Molins sees 33% profit rise in 1Q17
Spain's Cementos Molins saw its profit rise 33.2 per cent YoY to EUR20.5m in the first quarter of 2017 due to an increase in sales and a positive trend in prices. However, n...
Cemex Philippines remains positive on construction prospects
Cemex Philippines has said it remains confident on the prospects for domestic construction activity on the back of government investment in infrastructure after seeing lower vo...
Martin Marietta boosted by Building Materials
US-based Martin Marietta yesterday announced record consolidated net sales of US$791.7m in the first quarter of 2017, up 7.9 per cent on the same period of last year. The co...
Al Anwar signs greenfield investment plan
Omani private equity firm Al Anwar Holdings has entered into a shareholders' agreement with Hormozgan Cement Co of Iran to establish Hormuz Al Anwar Cement SAOC for the constru...
ARM Cement to sell non-core unit
ARM Cement is to sell its fertiliser unit in a bid to raise cast to grow its core buisiness of cement, local media reports. The decision is part of the Kenyan company's aim ...
Prism Cement receives limestone mining lease
Prism Cement announced it has received a letter of intent from the government of Madhya Pradesh, India, for a cement-grade limestone mining lease. The lease if for mining in th...
Dangote Cement delivers strong financial performance
Dangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and reco...
Ambuja Cement sees market improvements
Ambuja Cement, part of the LafargeHolcim group, reported that improving sales volumes, combined with favourable pricing contributed to positive 1Q17 results despite rising cost...
Polish cement demand to rise 2.5% in 2017
Cement production in Poland increased by two per cent in 2016, according to the Polish Association of Cement Producers. In 2017 cement demand is expected to grow by 2.5 per cen...
Sharjah Cement 1Q profit edges ahead
UAE-based Sharjah Cement and Industrial Development Co registered a YoY rise of 1.75 per cent in 1Q17 profit. Earnings totalled AED11.6m (US$3.16m) in 1Q16 compared with AED11....
Cemex hikes cement price 20% in Mexico
Cemex increased its price for grey cement in Mexico by 20 per cent YoY in 1Q17. It represents the largest first-quarter increase in at least a decade and twice the seven per ce...
Morgan Stanley rates UltraTech Cement rated ‘Overweight’
UltraTech Cement has been rated ‘Overweight’ by Morgan Stanley with the EBITDA beat driven by costs, the research house notes. Morgan Stanley cited gradual improvement in in...
LH faces spectre of a lost year
The shock announcement on Monday that Eric Olsen, CEO of LafargeHolcim, has resigned in the wake of revelations of a probe into operations in Syria, leaves the world's biggest ...
Cemex reports jump in net profit
Cemex reported a jump in net profit to US$336m in the 1Q17 from an income of US$35m in the same period of last year, as the Mexican major as the cement maker continued to sell ...
Indian cement prices return to pre-demonetisation levels
Cement prices in India have returned to levels prior to the government’s demonetisation move, analysts at ICRA Ratings have reported. “With the impact of demonetisation gradu...
Eagle Cement moves listing date
Eagle Cement Corp has moved the listing of its shares on the Philippine Stock Exchange (PSE) from 17 May 2017 to 29 May 2017 as it awaits all the necessary regulatory approvals...
Semen Baturaja reports IDR259bn net profit in 2016
Indonesia state-owned cement producer Semen Baturaja reported an IDR259bn (US$19.4m) in net profit last year, ANTARA News reports. At the company's annual general meeting on...
No sign of Pakistan cement export recovery
Pakistan recorded export volumes of 204,159t cement in March 2017 on revenues of US$11.38m, representing a MoM decline of 11.77 and 7.04 per cent, respectively. On an annua...
Nepal plant project faces delays
Construction of the Honshu Shivam Cement Factory, a Nepal-China joint venture, is likely to be delayed as the government has been slow to build a road leading to the limestone ...
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