Germany: construction machinery manufacturers await upsurge
German construction equipment manufacturers remain optimistic but cautious at the middle of the year, claims VDMA Construction Equipment and Building Material Machinery Industr...
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China: LafargeHolcim to sell stake in Shuangma Cement
LafargeHolcim has announced that it has signed a deal with Tianjin Circle Enterprise Management Centre that would see the Franco-Swiss multinational sell a 55.93 per cent stake...
Italcementi hit by restructuring and impairment charges
Italcementi's first-half turnover declined by 2.1 per cent to EUR2122.6m and running EBITDA was 7.6 per cent lower at EUR300m. Hit by restructuring and impairment charges, the ...
Qatar Cement signs US$100m deal with Saudi investors
The Qatar National Cement Company has agreed a US$100m financing deal with Samba Financial Group of Saudi Arabia, the Peninsula newspaper reports. The investment deal will b...
Vulcan’s profit margins increase as markets recover
Vulcan Materials' first-half turnover rose by 12.1 per cent to US$1711.6m and EBITDA advanced by 39.7 per cent to US$419.3m. The trading profit expanded by 69.4 per cent to US$...
Tanzania: Tanga to inaugurate second clinker line
Tanga Cement plans to commission its second clinker line this month, more than doubling output to 1.25Mta. The Minister for Industry, Trade and Investment, Charles Mwijage, exp...
Paraguay: new cement mill to provide US$50m sales boost
Industria Nacional de Cemento (INC) expects a US$50m boost to its sales following the commissioning of its new mill at its Villeta plant, according to Jorge Méndez, president o...
Semen Indonesia exports to East Timor
PT Semen Indonesia has said that it exports 15,000t of cement to Dili, East Timor, every month. Through subsidiary Semen Tonasa, the company has exported to Dili every month si...
New communication manager at Holcim Romania
Veronica Dobre has been appointed the new Communication Manager of Holcim Romania. She takes the position over from Ioana Borangic, who had worked for the company for six years...
Malaysia: cement production down 4.2% in six months to June
Demand for cement in Malaysia looks set to grow but slowly in 2016 as production numbers for the first half of the year indicate. According to reports in the Edge Financial ...
Ghana: ban on imports
With concerns registered by trade groups in the country, the importation of cement to Ghana will be banned following a change to the Import and Export Regulations Bill. The new...
United States: Cemex fined US$1.69m over air pollution
Cemex has reached a deal with US Environmental Protection Agency (EPA) whereby the company will pay a US$1.69m fine and install pollution-control equipment in five of its Ame...
Oman Cement output rises by 20% in year to June
Having already announced a 25 per cent rise in profits in its six-month results to the end of June 2016, Oman Cement has now released details of increased production and sale...
UAE: Sharjah Cement profits fall 17% in 2Q16
Sharjah Cement and Industrial Development Co reported a 17 per cent fall in 2Q16 profits, according to a bourse statement. Profits reached AED17.8m (US$4.84m), compared to AED2...
Japan: Taiheiyo Cement to set up subsidiary for biomass plant
Taiheiyo Cement will spend JPY23.5bn (US$224m) to set up a biomass power plant at a cement production site in Ofunato, Iwate prefecture, Japan. An electricity-wholesaling subsi...
Union Cement reports 5.1% rise in profits for 2Q16
Union Cement in the UAE saw a 5.1 per cent YoY rise in 2Q16 profits to AED29.72m from AED28.27m in 2Q15. The company posted a 24.9 per cent fall in its 1H16 profits from A...
CRH hires new manager for Romanian operations
CRH Romania has appointed Gustavo Navarro as its new general manager. The company has been operating without a general manager for almost a year after Costin Borc left the posi...
Strong Europe performance boosts HeidelbergCement 2Q16 results
A robust performance in Europe has contributed to HeidelbergCement’s improved 2Q16 results. The Germany-based building materials producers reported second-quarter sales of EUR3...
Dangote reports 60% rise in sales in 1H16
Dangote Cement announced its unaudited results for the six months ended 30 June 2016. The company saw its revenue grow by 20.6 per cent to NGN292.2bn (US$925m) but lower sellin...
Titan's US business continues to advance
Titan's first-half turnover improved by 7.6 per cent to EUR723.8m and EBITDA was ahead by 13.5 per cent to EUR119.5m. Following an increase in the depreciation charge of a mode...
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