Dangote Asian expansion?
According to a Ghanaian news source, Dangote Cement is hoping to expand into the Asian market over the next decade. It is reported that the company plans to launch in southeast...
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Saudi Arabia: Yamama sees 41% net profit decrease
Yamama Cement Co reported a 41 per cent YoY fall in net profits to SAR56.3m (US$15m) in the 3Q16 from SAR95.53m (US$25.47m). The decrease resulted from a higher cost of sold ...
UK: construction activity falls in August
The UK's Office of National Statistics has released its construction figures for August that saw a fall of 1.5 per cent in construction activity. Decreases were seen in all ne...
Tajikistan starts cement exports to Uzbekistan
Tajikistan has commenced the export of cement to Uzbekistan, according to the Tajik Ministry of Industry. Since the start of this year, the country has witnessed a steep gro...
Saudi Arabia: Southern Province 3Q16 profit drops 14%
Southern Province Cement posted a 14.4 per cent YoY decrease in profits from SAR202m (US$53.9m) in 3Q15 to SAR173m in 3Q16. Lower demand and higher depreciation were cited as...
Nigeria: Lafarge raided and closed for suspected for tax evasion
Lafarge Cement Co Ltd in Onne and IGPES, an engineering company, in Port Harcourt, were raided by Nigerian enforcement officers from the Federal Inland Revenue Service (FIRS) o...
Saudi Arabia: low demand sees Najran Cement 3Q16 profits halved
Lower sales volumes due to a slowdown in construction activity have seen the net profit of Saudi Arabian-based Najran Cement halve YoY from SAR32.07m (US$8.55m) in 3Q15 to SAR1...
Indonesia: PT Semen Indonesia looks to alternative fuels to save jobs
Cost-saving measures other than staff layoffs are considered more efficient in improving company margins as they are challenged by weak demand, according to corporations and co...
China: Taiwan Cement plans price increase
Taiwan Cement announced that it will be increasing its prices of cement products in China by as much as seven per cent by the end of the year as a response to recovering demand...
Hail Cement sees 15.3% rise in net profit for 3Q16
Hail Cement posted a 15.27 per cent increase in net profit for the 3Q16, according to a bourse filing. The cement company reported a net profit of SAR20.12m (US$5.4m) from SAR1...
India: JSW Cement capacity expansion by 2020
JSW Cement announced plans to expand its production capacity to 30Mta by 2020. According to Director and CEO of JSW Cement, Anil Kumar Pillai, an investment of INR27bn (US$404....
Uzbekistan: Ahangarancement JSC raises output by 6% in 9M16
Between January-September 2016 Ahangarancement JSC, the second-largest cement producer in Uzbekistan, increased cement production by six per cent to 1.418Mt, as compared to the...
Saudi Arabia: Aumund and Sweidan open new spare parts unit
A UMUND Fördertechnik GmbH, Germany, and S WEIDAN Industrial Services, Riyadh, Saudi Arabia, have opened a new spare parts stock unit at the Riyadh warehouse to be at full d...
USA: Elementia intends to buy 55% of Giant Cement
Elementia of Mexico, 49 per cent owned by billionaire Carlos Slim, said it had signed a letter of intent to purchase 55 per cent of Giant Cement Holdings Inc, a wholly-owned u...
Spain sees demand fall 3.4% in September
Spanish cement consumption contracted 3.4 per cent in September to reach 973,047t, according to the country’s cement organisation, Oficemen. In the January-September 2016 perio...
Egypt: manufacturers encouraged to increase AF use
The Minister of Industry and Foreign Trade, Tarek Qabil, announced that the industry has completed a study on the use on alternative fuel sources to fossil fuels in Egyptian ce...
Rep Congo: cement imports to continue
Following the domestic cement industry’s plea to end imports in to the Republic of Congo, the country’s Minister of Trade and Conumption, Landry Euloge Kolélas, said that halti...
Oman: Raysut Cement 3Q profit falls 23%
Raysut Cement Company reported a 22.5 per cent fall in its 3Q16 profits, according to a bourse statement. Profits reached OMR3.76m (US$9.7m), compared to OMR4.85m in 3Q15. I...
Myanmar: Run Myaing Galay cement plant opposed
Local residents and community leaders met with local press at Zayat Phyu village on 8 October to protest against the proposed cool power plant to supply electricity for the No ...
J K Cement: Indian cement demand to grow 7% in FY17, 8% in FY18
J K Cement expects the government’s infrastructure push to drive cement demand in India in the next two years. “We expect demand to hit seven per cent in FY17 and eight perc...
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