Cementir's preliminary 2016 results total EUR1027.6m
Cementir's Board of Directors reported its preliminary consolidated results for 2016, which saw group sales and services reach EUR1027.6m, up compared to EUR969m in 2015. This ...
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Palestine: new plant to affect prices?
Palestinian Investment Fund (PIF) subsidiary, Sanad Construction Resources Co, began work on Phase I of its Palestine Cement Factory (PCF) in October 2016. The first phase o...
China: cement output up 2.5% in 2016
China's cement output rose 2.5 per cent YoY to 2.4bnt in 2016, compared with the 4.9 per cent drop in 2015, according to the National Development and Reform Commission (NDRC). ...
Thailand: Siam City Cement profit down 14.5 %
Siam City Cement (SCC) reported a 2016 net profit of THB3.9bn (US$111.45m), down 14.5 per cent YoY due to difficult trading conditions in Thailand. One-time costs of THB304m...
PCC and AfriSam in merger talks
PPC is in merger talks with its nearest competitor, AfriSam Group, seeking to overcome valuation disagreements that prevented the completion of previous tie-up efforts, accordi...
Indonesia: January sales drop 2.3% YoY
Indonesia's cement sales struggled last month as bad weather disrupted construction projects across the country. Sales fell to 5.3Mt last month, down 2.3 per cent YoY. "Rain...
USA: Cemex Fairborn plant and terminal is sold to Eagle Materials
Cemex has announced that one of its subsidiaries in the US has closed the divestment of its Fairborn (OH) cement plant and cement terminal in Columbus (OH) to a subsidiary of E...
Algeria sees sharp drop in cement imports in 2016
Algerian cement imports fell 35.5 per cent in 2016 from a value of US$474.3m to US$306.1m. In volume terms, a 27.4 per cent decrease was reported to 4.8Mt. In 2015 Algeria i...
ANCAP to shed 200 jobs during its restructuring
While ANCAP is expected to hold onto its three cement units, the restructuring of the company will see the dismissal of 200 personnel. Staff have received the “commitment” fr...
Bolivia: President opens 2000tpd Itacamba plant
President Evo Morales of Bolivia opened the first integrated cement plant in Itacamba at the weekend, in the department of Santa Cruz. Following an investment of US$220m, the...
Uzbekistan: President visits cement plant construction site
President Shavkat Mirziyoyev visited the site of the new Almalyk mining-metallurgical complex JSC cement plant that is being built in Sherobod district on Frida,y 10 February 2...
New Zealand: cruise ship collides with cement carrier
A cruise ship broke free from its moorings in high winds at Timaru, New Zealand, yesterday, hitting the cement carrier Milburn Carrier II. According to local media, the ceme...
UAE: Fujairah sees profit 12% rise in 2016
Fujairah Cement saw a 57.3 per cent drop in its profits during the 4Q16, according to a bourse filing. Profits fell to AED11.07m (US$3m) in 4Q16 from AED25.95m in 4Q15. Howev...
Cemex Latin American Holdings saw lower sales and profit
Cemex Latin American Holdings saw turnover decline by 7.8 per cent to US$1315.3m and EBITDA came off by 5.8 per cent to US$423.7m, with the margin recovering from 31.5 to 32.2 ...
Afghan government cancels licence on country’s only cement plant
The Afghan Ministry of Mines and Petroleum has cancelled the licence to operate the Ghori cement plant, Reuters reports. The 0.4Mta plant, located in Baghlan province just n...
Buzzi Unicem FY16 preliminary results
Buzzi Unicem announced that its 2016 deliveries of products showed a favourable variance in central Europe, thanks to the upturn in shipments from the spring season, and overal...
LafargeHolcim to host innovation start-ups
LafargeHolcim has launched a plan to scale up its access to innovative construction solutions through collaborating with entrepreneurs. The Start-Up Accelerator will offer youn...
USA: Cupertino plant under pressure to reduce noise
The Lehigh Southwest Cupertino cement plant was noise tested for 25 days in October and only recorded one day with higher readings than expected. The results were shared durin...
Kuwait: Siwertell receives third order from Acico Construction
Siwertell, part of Cargotec, has signed a contract with Kuwait-based Acico Construction for its third road-mobile cement unloader. Similar to its last delivery in 2015, the ...
Denmark: FLSmidth 2H16 late order pick up
FLSmidth reports that in its 2H16 results, the EBITA margin was eight per cent (adjusted for one-off costs), adversely impacted by lower revenue, particularly in the first hal...
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