Indonesia: cement sales up 5% in 1Q16
Indonesia's domestic cement sales rose to 14.43Mt in 1Q16, up five per cent from the same period last year of 13.84Mt. The rise appears to be driven partly by the development ...
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Pakistan: Bestway Cement pretax profits up 45%
In an earnings statement released today, Bestway Cement announced that its pretax profits for 9MFY2016 were PKR12.64bn (US$121m), up 45 per cent on the same period last year. ...
India: Birla sees Q4 profit rise to US$17m
Birla Corporation has released its earnings figures for the three months to 31 March 2016, during which time the firm achieved a profit of INR1.16bn (US$17.4m), up fourfold on ...
Philippines: CeMap President calls for greater use of blended cement
The Cement Manufacturers Association of the Philippines (CeMAP) has requested that the government to change its policies relating to the use of ordinary Portland cement (OPC) i...
Ethiopia: 32 mining licenses revoked
Ethiopia’s ministry of mines, petroleum and natural gas has revoked mineral exploration and production licenses of 32 companies due to lack of financial capacity and for failur...
Afghanistan: workers at Ghori cement plant kidnapped
Two armed men have kidnapped 15 workers at Ghori cement plant and Afghan Coal in Baghlan, northeast Afghanistan, according to Tolo News. The incident took place on Sunday morni...
India: Grasim and UltraTech well positioned for growth
Grasim Industries, a subsidiary of UltraTech, has announced impressive results and signs of a recovery in cement demand growth, which is estimated at ~11.5 per cent for the cur...
Buzzi Unicem: 1Q16 sales up 2.8%
Buzzi Unicem reports that during the 1Q16 group cement sales were up 2.8 per cent from the first quarter of 2015, reaching 5Mt. The volume trend was favourable in the United St...
Martin Marietta reports strong Q1 profit advance
Martin Marietta Materials, one of the top five US aggregates producers, has announced a first-quarter turnover 16.2 per cent ahead at US$734.0m and EBITDA rose by 67.3 per cent...
China: BBMG can be optimistic for 2016
Beijing Building Materials Group (BBMG) is looking favourably to the rest of the year as an upturn in its Chinese cement sales and higher prices are forecast. However, expansio...
Oman’s Raysut Cement Somaliland terminal on track
Raysut Cement said its project with Barwaaqo Cement Co in Berbera, Somaliland, is progressing well. The Oman-based cement producer signed a joint venture agreement with the B...
Vietnam: Loesche to supply new Long Son Cement plant
Loesche GmbH, Germany, has signed a new contract with Sinoma-NCDRI, China, to supply a new mill to Long Son Company in Vietnam. Long Son is building a new cement plant at Do...
Pressure put on HeidelbergCement to close West Bank quarry
Germany's HeidelbergCement is looking for a new site in the Israeli-occupied West Bank following long-standing criticism from investors about its operations in parts of the ter...
Malaysia: Hume Industries wants more time for land extension
Hume Industries Bhd is seeking a 24-month extension from the Securities Commission (SC) in order to acquire occupation certificate for its Sabah industrial land. The firm had...
Pakistan: Bestway Cement profit up 48% for 9MFY2016
Bestway Cement has announced after tax profits of PKR7.45bn (US$71m) in the nine month period to 31 March 2016, a 34 per cent increase YoY. Total sales rose to PKR24.42bn (US$2...
Rep of Congo: Cimenterie de Lukala to close down
Cimenterie de Lukala (CILU), located in the Republic of Congo, will be closing down due to “the unfair competition it has faced since December 2015”, according to its CEO, Ola ...
A change of strategy: Cemex to sell some US assets
Cemex, the Mexican giant of the cement world, announced this week that it intends to further reduce its exposure in the USA by selling US$400m worth of assets to a US subsidiar...
KHD order intake delay will affect 1H16 forecast
After updating its annual budget, KHD Humboldt Wedag International AG (KHD) is adjusting its forecast for the 2016 financial year accordingly. The awarding of several signif...
India: Burnpur Cement to invest INR5bn in capacity expansion
Indian cement producer Burnpur Cement plans to invest INR5bn (US$75m) to expand its production capacity to 3Mta by 2020. "Presently, our installed capacity stands at 0.6Mta and...
Belgium: Lixhe plant funded for carbon capture
HeidelbergCement is to start a project capturing CO 2 at its Lixhe plant in Belgium. The five-year project is being led by the Low Emissions Intensity Lime and Cement consort...
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