Lucky Cement 9MFY16-17 profit and volumes increase
Lucky Cement achieved a profit before tax of PKR14.668bn (US$140.2m) during the first nine months of FY16-17 compared to the PKR13.395bn recorded in the same period a year earl...
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Mbeya signs cooperation agreement Kibo Mining
Tanzania-based Mbeya Cement Co, a LafargeHolcim subsidiary, has signed a cooperation agreement with coal development company Kibo Mining which covers a range of potential areas...
Peru: cement companies feel impact of El Niño
Cement producers in Peru have started to feel the impact of El Niño, according to Credicorp Capital. Between January and March, cement dispatches have fallen seven per cent....
LafargeHolcim CEO resigns
LafargeHolcim’s Board of Directors today announced it has accepted the resignation of Eric Olsen, CEO of LafargeHolcim. Eric Olsen will leave on 15 July 2017, two years after t...
Construction output up by 6.9% in euro area
In February 2017, compared with January 2017, seasonally-adjusted production in the construction sector increased by 6.9 per cent in the euro area (EA19) and by 4.4 per cent in...
ACC 1Q sales volumes up 4%
ACC, part of the LafargeHolcim group, reported a four per cent rise in sales volumes for the first quarter of 2017 to 6.6Mt from 6.36Mt a year earlier. The company noted that...
Adelaide Brighton investigating contaminated cement
Adelaide Brighton Cement said it is investigating the use of contaminated cement in several major construction projects around Adelaide following an issue with the manufacture ...
Cement price hike to hit Modi’s affordable housing?
Indian Prime Minister Narendra Modi’s 'Housing for All’ scheme could be impacted by the steep hike in cement prices, the Confederation of Real Estate Developers’ Association of...
Elementia invests US$250m in Mexican cement plant
Elementia anounced it will invest US$250m in the expansion of its Tula cement plant in Hidalgo, Mexico. The project will see capacity at the works rise to 1.5Mta. The contra...
Gambia cuts cement import tariffs
Gambia’s government has announced a lowering of import tariffs on cement. The supplementary tax of GAD1/kg of cement as well as the five per cent tax levied on cement imports...
Construction begins at McInnis Cement’s Bronx terminal
Work is underway at McInnis Cement’s New York terminal. The site in the South Bronx is part of McInnis’ network of terminals, strategically located throughout the eastern porti...
Spanish demand jumps 22% YoY in March
Cement consumption in Spain soared 21.5 per cent YoY in March to 1.1Mt as the housing sector showed some recovery, according to Oficemen, the country’s cement association. I...
PPC achieves two major milestones as part of its expansion strategy
As part of its expansion strategy, PPC announced this week the inauguration of its Ethiopian operation, Habesha Cement, and the first truck dispatch load of saleable cement fro...
Taiwan Cement Corp to privatise subsidiary
Taiwan Cement Corp, the country’s largest cement maker, yesterday announced a proposal to privatise its TCC International Holdings Ltd (TCCI) subsidiary and delist from the Hon...
Philippines: Eagle Materials gets IPO green light
The Securities and Exchange Commission of the Philippines has approved the initial public offering applications of cement-maker Eagle Cement Corp. Based on a document from...
Morocco: LafargeHolcim to open Laâyoune grinding unit
LafargeHolcim is preparing to inaugurate its first cement grinding unit in Laâyoune, southern Morocco. The new facility is expected to support the development of the entire ...
China: consolidation accelerates in the Shandong market
The intention of Mitsubishi cement to withdraw from China's cement sector was confirmed on 14 April, having earlier signed an agreement with state-run China National Buildin...
New orders for Gebr Pfeiffer in South Asia
Gebr Pfeiffer has announced that it has received orders for its MVR grinding technology for two South Asia-based cement plants. Wonder Cement switches to Gebr Pfeiffer vert...
Fitch Affirms Votorantim Cimentos' IDR at 'BBB-'; Outlook remains Negative
Fitch Ratings has affirmed the Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of Votorantim Cimentos SA (VCSA) at 'BBB-' and its National Scale rating at 'A...
Spain: Cementos Cosmos stops cement exports
Cementos Cosmos is ceasing cement exports from its Niebla plant. The company has attributed the move to rising petcoke prices that are eroding the competitiveness of the works ...
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