FCC triples loss but cuts debt by third in 2016
Spain’s FCC closed 2016 with a net loss of EUR165.2m, trebling losses when compared with the previous year. The result was attributed to the impact of the cement business and t...
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India: ACC reports 2.7% advance in net profit in 2016
The Indian LafargeHolcim subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the 4Q16 the reduction was 9.1 per cent to 5.45...
Pakistan: exports to Afghanistan decline
APCMA data revealed that domestic dispatches in January 2017 were 2.722Mt, while exports amounted to 0.376Mt, reflecting YoY growth of 0.78 and -2.71 per cent, respectively. ...
India: Dalmia Bharat and Shree Cement to battle for Binani Industries
Dalmia Bharat and Shree Cement are among at least three companies that have expressed interest in buying Binani Industries’ subsidiary Binani Cement's 6.25Mta cement manufactur...
Mixed bag for Turkish cement producers in 2016
Several cement producers in Turkey have released their results for 2016, showing a mixed performance in the year. Unye Cimento saw its net profit rise from TRY48.3m (US$13m...
India: residents protest about Dawar Cement's NOC
Residents of Khrew in South Kashmir’s Pulwama district staged a protest on Monday in Srinagar, alleging that Dawar Cements has secured No Objection Certificate (NOC) for limest...
LafargeHolcim expected to announce merger deal for ACC and Ambuja Cements
LafargeHolcim, the parent company of ACC and Ambuja, is considering merging its two Indian cement majors, sources told CNBC-TV18. LafargeHolcim owns 63 per cent in Ambuja Cemen...
India: Orient Cement reports loss of US$166.9m for 3Q ended 31 Dec
CK Birla group firm Orient Cement today reported narrowing of its net loss on standalone basis to INR11,210m (US$166.9m) for the third quarter ended on 31 December 2016. It h...
Vietnam notes fall in exports in 2016
Vietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m. I...
Pakistan: US$400m British investment in new plant
British company Asian Precious Minerals (APML) announced plans to invest US$400m in a new cement plant in Khyber Pakhtunkhwa, Pakistan. The announcement was made during a meeti...
India: five cement producers to appeal the CCI order
Five of the seven cement companies which were fined by the Competition Commission of India (CCI) in January, for alleged bid rigging of a 2012 tender put out by the Haryana gov...
USA: Essroc-Lehigh acquisition
Following a US$4.2bn acquisition deal in June 2016, Essroc's Nazareth plant in Pennsylvania will feature signs saying it is now part of Lehigh Cement Co. The acquisition com...
Hyundai Cement posts better revenues but net losses increase
South Korean cement producer Hyundai Cement Co Ltd saw improved revenues in 2016, rising from KRW363.19bn (US$319m) in 2015 to KRW378.86bn, according to the country’s Financia...
Portland Valderrivas notes 7.6% fall in turnover in 2016
Portland Valderrivas saw its turnover decrease 7.6 per cent YoY to EUR536.2m in 2016. The company recorded a net loss of EUR-120.4m, from a net profit of EUR28.6m in 2015. In a...
Egypt: Premiere aims to attract new investment for cement sector
Ahmed Abdelmoghny, managing director of Premiere, said his company sought to raise EGP3.5bn (US$186.9m) for an Egyptian cement company to establish a 1.5Mta cement works on the...
USA: cement shipments in November rose by 8.2%
Total shipments of Portland and blended cement in the USA and Puerto Rico in November 2016 were about 7.9Mta, up by 8.2 per cent from sales in November 2015. The leading pro...
Trinidad Cement upgraded by ratings agencies
Ratings agencies Fitch and Standard and Poor’s have upgraded their evaluations of the credit-worthiness of Trinidad Cement Ltd (TCL), the Trinidad Express reports. Fitch mov...
Tunisia: Carthage Cement reports positive 2016
Tunisia's Carthage Cement saw its revenues increase seven per cent YoY from TND184.2m (US$80.7m) to TND197.4m in 2016. Domestic sales advanced 13 per cent from TND114.7m to ...
LafargeHolcim to take part in Global Framework Agreement
Global trade unions represented by IndustriALL Global Union and Building and Wood Worker's International (BWI) met with representatives of LafargeHolcim on 23 January 2017 to l...
Bhutan: Dungsam Cement resumes cement supplies to dam projects
Dungsam Cement Corporation (DCCL) has resumed the supply of cement to two major hydropower projects in Bhutan after deliveries were halted for 10 days, Kuensel Online reports. ...
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