Indonesia: Holcim Indonesia reports 5.3% growth in 9M16
Publicly-listed Holcim Indonesia reported 5.3 per cent sales growth YoY to IDR6.91trn (US$530m) in the first nine months of 2016. The company attributed the performance to a ...
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Algeria’s plan to cease imports from 2017 to affect Tunisian cement industry
Ibrahim Chbili, Director General of Manufacturing Industry of Tunisia’s Ministry of Industry, has said that the decision made by Algeria to cease importing cement by 2017 and b...
Pakistan: start-up of second Cherat production line
Cherat Cement Factory's Line 2 with a cement capacity of 4500tpd formally started production on 31 October 2016. The construction of the second line began in 2014 and has been ...
Indonesia: Semen Baturaja 9M16 net profit down 34% YoY
PT Semen Baturaja announced a near-34 per cent fall in January-September 2016 net profit from 9M15 to IDR174.74bn (US$13.4m) from IDR264.66bn. The drop in net profit was att...
India: ACC reports 10% fall in cement deliveries in 3Q16
The Indian LafargeHolcim subsidiary ACC Ltd reported a 0.5 per cent reduction in cement deliveries for the first nine months of the year to 17.54Mt, while in the third quarter ...
Dangote sees 21% rise in revenues, but drop in profit for 3Q16
Dangote reported a revenue of NGN442bn (US$1.4bn) for the nine months ended 30 September 2016, representing a 21 per cent YoY increase from NGN365bn in 9M15. Profit after tax...
Peru: Unacem reports loss of US$1.15m in 3Q16
The company Union Andina de Cementos (Unacem), one of the two largest companies in the sector in Peru, reporteda loss of PEN3.9m (US$1.15m) in the third quarter due to lower sa...
Vietnam 10M16 output up 15%
Vietnam’s cement production in the first 10 months of 2016 is estimated to be 64Mta, up 14.9 per cent YoY, according to the government-run General Statistics Office. In Octob...
Thailand: SCCC profits shrink
Siam City Cement Co (SCCC) posted a smaller profit for 9M16 as a result of higher financing costs, spending on acquisitions and annual shutdowns. CEO, Siva Mahasandana, said...
Egypt: Ain Sokhna plant a step nearer to reality
A cement company plans to establish a cement factory on the Ain Sokhna desert road with a 1.5Mta clinker production capacity. Ahmed Abdelmoghny, managing director of Premiere ...
Algeria: cement imports to end by 2017
According to the Minister of Industry and Mining, Abdessalem Bouchouareb, 2017 will mark the end of cement imports to Algeria: "The year 2017 will mark the end of cement import...
Portland Valderrivas board approves Giant 55% sale to Elementia
The board of Spain’s Cementos Portland Valderrivas has formally approved the sale of a 55 per cent stake in its US unit Giant Cement Holding to Mexico’s Elementia, owned by Car...
Cementir CEO: Italy's cement market has finally reached the bottom
In an interview with Reuters, CEO and Chairman of Cementir Holding, Group Francesco Caltagirone jr, said "After nine year of contraction of cement output, I think the Italian m...
Cemex' gearing declines to a still high 164 per cent
During the first nine months of the year, Cemex' turnover eased by 1.9 per cent to US$10,467.4m, while EBITDA was 8.5 per cent ahead at US$2138.1m. The trading profit advanced ...
Eagle Materials’ 1H16 profit rises by 55%
Eagle Materials' 1H16 turnover to the end of September, including its share of the Texan cement joint venture with HeidelbergCement, improved by 1.7 per cent to US$682m. The tr...
Brazil: Brennand Cimentos plan new 2.2Mta cement plant
Brennand Cimentos, which owns National Cement, has presented to Brazil's Municipal Council for the Environment (COMDEMA) a project to build a 2.2Mta cement plant in Itaiacoca d...
Cemex Latam Holdings 9M16 net sales fall 8%
Cemex Latam Holdings SA (CLH) announced that its consolidated net sales reached US$1012m in the 9M16. This is a fall of eight per cent during the first nine months of 2016 c...
Pakistan: Lucky Cement 1QFY2017 profits up 16%
In its financial statement for the first quarter of the financial year starting in July, Lucky Cement has declared profits of PKR4.04bn (US$38.6m), the Express Tribune reports....
Ageria: moving towards self-sufficiency
This week Egypt-based ASEC-Group (part of Qalaa Holdings) informed of its agreement to sell off its partly-constructed Djelfa cement plant project in Algeria to investors for U...
Holcim Philippines 3Q profits up 15%
Holcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the c...
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