PT Semen Indonesia domestic sales down 6%, export more than double
PT Semen Indonesia’s domestic cement sales dropped six per cent YoY to 2.55Mt in October from 2.71Mt. However, the company saw its export sales rise from 28,302t in October 201...
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ThyssenKrupp Industrial Solutions' CEO resigns
Jens Michael Wegmann informed the Executive Board of thyssenkrupp AG this week that he is standing down as CEO of the Industrial Solutions business area with immediate effect a...
USA: Cemex Victorville receives WHC certification
Cemex USA's Victorville cement plant in southern California recently celebrated its 100th anniversary and has received the Wildlife Habitat Council (WHC) Conservation Certifica...
Magnesita records profits of US$40.1m Jan-Sep 2016
Magnesita Refractários recorded a profit of US$40.1m between January and September 2016. The refractory company's EBITDA was US$115.9m in the period, while the EBITDA margin re...
Cement producers won't ignore climate change
In a week when Donald Trump, a staunch sceptic of climate change, has become the US President-elect, there was better news for environmentalists – not only because the Paris ...
Two ratings firms improve gradings for HeidelbergCement
S&P Global Ratings and Moody's have upped their investment ratings for HeidelergCement following the company's 3Q16 results and the Italcementi acquisition. S&P Global Ratin...
USA: CRH share price rises on Trump's election
CRH's shares shot up by eight per cent on the Irish Stock Exchange (Iseq) yesterday on the back of Donald Trump's US Presidential win adding EUR2bn to the company's market capi...
FLSmidth's 1Q-3Q16 revenue down 12%
FLSmidth reported that its interim accounting period for July -September saw revenues of DKK4774m (US$699.7m) down four per cent, while revenues over the longer 1Q-3Q16 perio...
Cementir 9M16 results affected by foreign currencies
Cementir's results for the first nine months of 2016 were down on 2015 mainly because of the depreciation of the major foreign currencies, which had a negative effect of EUR6.3...
Kuwait Cement 3Q profits up 19%
Kuwait Cement posted a 19 per cent YoY growth in profits for the 3Q16. Earnings increased to KWD3m (US$9.9m) in 3Q16 compared to KWD2.55m in 3Q15. However, during the nine mon...
Irish Cement AF proposal receives backlash
Willie O’Dea, technical director or Fianna Fáil (Irish political party) has accused Irish Cement of “an illegitimate and wrongful attempt” to influence a planning decision afte...
India: Orient Cement posts US$4.4m Q3 loss
Orient Cement has recorded a loss of INR294m (US$4.4m) for the quarter to the end of September 2016, CNBC’s Money Control reports. The loss stands in contrast to the same pe...
Fuel and SOx cap to raise charter rates
In the first weeks of October, the Baltic Dry Index (BDI) climbed to 922 points, an improvement of almost 350 per cent on the levels recorded in February. The recent strengthen...
HeidelbergCement sees improved results across the board for 3Q16
In its first results that include the consolidation of Italcementi, HeidelbergCement reported a significant improvement in sales volumes, revenue and operating income in the th...
India: Sanghi Industries INR12bn expansion
Sanghi Industries Ltd is planning to further develop its capacity following the 1.2Mta expansion of its plant in Kutch district. Production capacity at the Kutch plant recently...
Malaysia: CMSB pledges year-round cement supply
Cahya Mata Sarawak Berhad (CMSB) has said it will be able produce a year-round reliable supply of cement following the commissioning of its third and largest plant in Mambong, ...
India: Ramco sees 45.6% increase in 2QFY16-17 net profit
Ramco Cements reported a 45.6 per cent rise in net profit to INR2.07bn in the second quarter ended 30 September 2016 compared to INR1.42bn for the same quarter a year ago. T...
Bolivia’s Morales signs off 1.3Mta cement works plan
President Evo Morales authorised the construction of a US$306m cement plant in Potosí, Bolivia. The new 1.3Mta works will be built in Cutara, near Karachipampa, near an impor...
Dangote Group to spend US$20bn on investments by 2020
Dangote Group is planning to invest over US$20bn (NGN630.5bn) and engage over 200,000 additional workers in various projects to impact the Nigerian and African economy by 2020....
India: demand set to rise in Telangana and Andhra Pradesh
Manufacturers in the southern Indian states of Telangana and Andhra Pradesh have said that they expect cement demand to increase by around 20 per cent over the next 2-3 years, ...
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