Pakistan: cement producers see profits of 12% 1QFY16/17
Pakistan's cement manufacturers posted 12 per cent growth in their profits during the first quarter of the current fiscal year of 2016/17 on high sales and low financial cost, ...
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Sinai Cement swings into EGP7.7m 3Q profit
Egypt’s Sinai Cement reported a profit of EGP7.65m in 3Q16 vs a 3Q15 loss of 24.47m. In the first nine months of 2016, the company turned a profit of EGP23.02m (US$426,111),...
Tanzania: Lake Cement plans new plant in Bagamoyo
Lake Cement Ltd announced it will invest US$150m in a new cement plant in Bagamoyo, Pwani Region, Tanzania, with a production capacity of 1.4Mta. Construction is due to commenc...
Irish Cement's tyre burning plans could end up in High Court
The dispute on Irish Cement's plans to burn used tyres at its Castlemungret plant look set to end up in the High Court as residents seek to prevent the implementation of the EU...
Colombia's cement market contracts 14.4% YoY in Oct
Cement consumption in Colombia fell 14.4 per cent to 0.994Mt in October 2016 from 1.162Mt in October 2015, according to the latest figures by the country’s statistics office, D...
HeidelbergCement issues EUR1bn
HeidelbergCement has priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR1bn and a maturity date of 7 February 2025. Demand was very high and...
India Cements receives stay on CCI fine
India Cements received a stay order following its appeal of the decision made by the Competition Commission of India (CCI) to impose a INR1.87m fine on it for unfair pricing pr...
Canada: McInnis Cement appoints new President and CEO
Hervé Mallet jhas been appointed as the new President and CEO of McInnes Cement. Mr Mallet has considerable experience in sales, marketing and operations and is a graduate of t...
Turkey: Aumund to supply Çimsa and Batisöke plants
Çimsa Cimento has now ordered about 60 Aumund machines for the plants in Eskisehir and Niğde. With five kiln lines in Mersin, Eskişehir, Kayseri, Niğde and Afyonkarahisar as we...
Pakistan: Dewan Cement to sell its North cement plant
Dewan Cement Ltd has appointed Next Capital Ltd as the financial advisor for sale of its North cement plant, Kamilpur, near Hattar in Khyber Pakhtunkhwa, Pakistan. Next Cap...
Ecocem's turnover rises despite US problems
Ecocem's group turnover totalled EUR63.7m last year, up from EUR61m in the prior year as the company’s operating profit jumped to EUR2.6m from EUR1.5m. However, the company's...
Pakistan: exports to Afghanistan decline
Cement exports to Afghanistan declined 23.4 per cent YoY in October 2016, falling from 0.252Mt to 0.193Mt. Meanwhile, exports to India registered a 27 per cent YoY growth from ...
Pakistan: gas price reduction to benefit cement manufacturers
The Federal Minister for Finance, Senator Mohammed Ishaq Dar, approved a gas price reduction at a meeting of the Economic Coordination Committee (ECC). The decision will see pr...
Canada: first shipment at McInnis Cement
McInnis Cement has taken delivery of its first shipment of raw materials for its 2.5Mta Port-Daniel-Gascon plant. The vessel Algoma Mariner delivered to the Port-Daniel termina...
Moroccan cement demand up 8.4% YoY Oct 2016
Moroccan cement sales increased 8.4 per cent in October 2016 when compared with the previous year. In the first 10 months of 2016, cement sales in the kingdom edged up by 0....
India: Jaypee Cement requests coal re-allocation
Jaypee Cement has requested that the central government allocate the two captive coal blocks won in auction to other firms in need of fuel. Jaypee Cement wished to surrender th...
Morocco: Cemos announces plans for Tarfaya plant
Morocco’s Challenger magazine has reported that Jersey-based Cemos Group plans to construct a MAD3bn (US$296m) cement plant in Tarfaya in the country’s southwest. The 1.6Mta...
Uruguay: Ancap to explore export potential
Uruguay’s Ancap Board of Directors has approved a memorandum of understanding with Cimsa to explore over the next 90 days the potential of an alliance that will help Ancap expo...
India: 32 manufacturers to sell at INR230/bag
Telangana State Housing Corp has signed a MoU with 32 cement manufacturers this week. As per the MoU, the companies will supply cement at a price of INR230/bag (US$3.35/bag) fo...
HeidelbergCement submits EIA for Kaspi
HeidelbergCement has submitted an environmental impact assessment for its US$100m Kaspi modernisation in Georgia. The report will be discussed on 17 January 2017 after interest...
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