Lafarge Africa posts US$9.5m quarterly loss as price squeeze bites
Nigerian-based Lafarge Africa has seen revenues fall by 29 per cent to NGN52.4bn (US$263m) in the first quarter of 2016, leading the company to record an after-tax loss of NGN1...
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Ambuja Cements reports 4.4% profit fall
India’s Ambuja Cements has reported a 4.4 per cent fall in net profit, which reached INR3.038bn (US$45.6m) in 1Q16. In the first quarter of 2015, net profit reached INR3.177bn....
Vietnam sees output rise 16% in Jan-Apr 2016
Vietnam cement producers have produced 24.4Mt of cement in Jan-Apr 2016, up 15.8 per cent YoY, according to estimates from the government-run General Statistics Office. In Ap...
Australian cement companies fined AUD18.62m
After the Australian Competition and Consumer Commission (ACCC) brought the proceedings against four Australian cement manufacturers in 2008, the Federal Court has finally orde...
Moldova applies quota on cement imports from Ukraine
The government of Moldova has introduced protective quotas and duties on several commodities including cement produced in Ukraine. The resolution of the Moldovan government s...
Growing pains: southeast Asia's looming overcapacity
Positioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. B...
Vicat sees 1Q16 revenues reach EUR554m
In their quarterly statement for 1Q16, Vicat announced that turnover improved by 3.3 per cent YoY to EUR554m (US$629m), which represents an underlying advance of 6.5 per cent. ...
Irish Cement: Limerick plant to cut alternative fuel usage
Irish Cement is putting forward new proposals to reduce the amount of alternative fuels by half to 90,000t, at its facility in Mungret, Ireland. It comes after a public outcry...
CRH interested in HeidelbergCement US and Belgian units
CRH has expressed an interest in acquiring HeidelbergCement’s US and Belgian assets. The Germany-based company is expected to divest in such units to comply with the requiremen...
Siam Cement has plans to fully enter Vietnamese market
Industrial conglomerate Siam Cement Group is looking at operating its first cement plant in Vietnam as the next step in the company's expansion abroad, claims Nikkei Asian Revi...
Caribbean Cement 1Q16 revenue up but exports down 53%
Caribbean Cement Limited (CCL) reported that, on the back of an increase in domestic sales, 1Q16 total revenue increased by 11 per cent or US$398m to US$3.98bn over the previo...
Sri Lanka: Kankasanthurai Cement Factory to reopen
The Kankasanthurai Cement Factory (KCF) in Sri Lanka is to be reopened following its closure some years back due to unrest in the north of the country. Previously, UAE-based R...
India: government approval for new UltraTech plants at Nawalgarh and Jaitaran
The Jaipur government cleared the construction of a new 3.3Mta cement unit at Nawalgarh (Jhunjhnu) by UltraTech Cement Ltd. "Investment of worth INR3000 crore [INR30bn/US$45...
CRH 1H16 earnings to reach US$1.1bn driven by US and Asian markets
In its earnings statement for 1Q2016, CRH predicts that EBITDA will rise to EUR1bn (US$1.1bn) driven by growth in the United States and the Philippines. This is around five per...
Fitch lowers Indonesia cement consumption expectations
Indonesian cement producers are on track to achieve the lower-end of the Indonesian Cement Association's (ASI) 4-5 per cent annual growth target, with Fitch Ratings expecting a...
New projects push Indonesia towards overcapacity
Indonesia's dynamic market has attracted both foreign and local cement companies to invest in new cement plants, intensifying competition for existing producers and tipping the...
Lucky Cement to award 660MW power plant contract next month
Lucky Cement is preparing to award a contract to build a 660MW coal-fired electricity generation plant at the country's industrial hub near Karachi. Negotiations with potentia...
Pakistan: Maple Leaf reports earning up 49% in 9MFY16
Maple Leaf Cement Factory Limited has reported earnings of PKR3.5bn (US$33m) in 9MFY16, up 49 per cent YoY. Maple Leaf’s sales rose 12 per cent YoY to PKR16.93bn (US$162m) f...
Loesche secures Thanh Thang order
Loesche GmbH, Germany, has signed a new contract with Sinoma-NCDRI, China, to supply three vertical roller mills to Thanh Thang Group Cement JSC in Vietnam. The scope of deliv...
Loesche recertified to ISO 9001 standard
German equipment manufacturer Loesche has announced that it has been recertified to ISO 9001:2008 standard, maintaining the qualification that it first achieved in 1998. Ang...
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