India: Emami plans national presence
Emami Cement Ltd, part of the Emami Group, announced its plans to expand on a national scale over the next 5-7 years, with intentions to open plants in areas such as Rajasthan ...
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Eagle Materials advances cement volumes by 13%
In the first quarter of its financial year to 31 March, Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 3.3 per cent to...
Nigeria: Ashaka Cement signs NGN11bn coal power agreement
Ashaka Cement plc has signed a NGN11bn (US$35m) contract with China-based RUNH Power Corp Ltd for the construction of a 16MW lignite-fired coal power plant at its cement plant ...
Lafarge Africa in 2Q16
Lafarge Africa Plc has released its financial results for 2Q16, reporting a total revenue of NGN107bn (US$344.9m). Cost of sales stood at NGN92.2bn (US$297.3m), down from NGN98...
Bolivia’s Fancesa to open bids for new production unit
The opening of bids for the equipment of Fancesa’s new production facilities is expected today, according to Herland Daza, general manager of the Bolivian cement company. ...
Saudi Arabia: Northern Cement profits fall 24%
Northern Region Cement Company reported a net profit of SAR48.66m (US$13m) in 2Q16, down 24 per cent from SAR64m (US$17m) compared to the same period last year. However, pro...
India: Lakshmi Cement gets green light to expand Sirohi limestone mine
Lakshmi Cement has been given environmental clearance to expand its opencast limestone mine in the Sirohi district of Rajasthan. Under the proposals, the mine’s capacity wil...
Pakistan: producers warn that tax increase will encourage smuggling
The All Pakistan Cement Manufacturers Association (APCMA) has warned that the decision to impose an additional excise duty imposed in this year’s federal budget 2016-17 could l...
Cementir to acquire HeidelbergCement’s Belgian operations
Cementir has announced that it is to acquire HeidelbergCement’s Belgian assets for an enterprise value of EUR312m (US$342m). The deal primarily consists of Compagnie des Ciment...
Siam City Cement to acquire Holcim Lanka
Siam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka. SC...
Bangladesh: Premier Cement expansion plan
Premier Cement Mills Ltd has plans to more than double its production capacity, with an approximate investment of BDT4bn (US$51m). Current production capacity stands at 6000tpd...
Saudi Arabia: sales volumes fall 27%
Total cement sales in Saudi Arabia declined 27 per cent YoY and 39.6 per cent MoM in June, to 4.1Mt. Cement production in June was 3.66Mt, down 25 per cent YoY and 34.6 per cen...
HeidelbergCement India sees revenue rise by 7.2%
In its earnings statement for 1QFY16-17, HeidelbergCement India reported that its revenues rose by 7.2 per cent YoY, while net profits rose from INR34.4m (US$0.5m) to INR262.6m...
Saudi Arabia: Najran Cement reports lower 2Q16 profits
Najran Cement in Saudi Arabia has announced lower earnings during the second quarter of 2016, according to a bourse filing. Earnings fell 56.8 per cent YoY to SAR33.6m (US$8.96...
India: fresh calls for Kerala to control rising cement prices
The price of cement in Kerala – which has reached up to INR430/bag (US$6.40) – has again provoked calls for the state government to intervene, reports the Hindu. The newspap...
Titan Cement brings 0.2Mta plant online in Uzbekistan
Titan Cement has commenced production at a new cement works in Karauzyak, Karakalpakstan in Uzbekistan. The 0.2Mta plant represents an investment of UZS10.6bn and is expected...
EBRD postpones its decision on 20% stake in Holcim Azerbaijan
The European Bank for Reconstruction & Development's (EBRD) Board of Directors has postponed the pending decision on raising the bank’s stake in the equity capital of Holcim (A...
Pakistan: cement demand to grow 8% in run-up 2018
The Pakistani demand for cement during the ongoing FY16-17 and next financial year FY17-18 is expected to grow at a rate of eight per cent annually. This follows the government...
UK: Breedon to complete Hope acquisition in August, 1H16 results
Following the conclusion of the Competition & Markets Authority's (CMA) review, Breedon Aggregates expect to complete the acquisition of Hope Construction Materials Limited (Ho...
Egypt: Suez Cement 1H16 sales up 6%
Suez Cement Group of Companies (SCGC) 1H16 results showed that growth slowed in 2Q16, due to lower demand during the holy month of Ramadan and June. However, overall, the domes...
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