Oman: Raysut Cement reports 24% drop in 2015 net profit
Raysut Cement reported a 23.6 per cent drop in 2015 net profit to OMR20.95m (US$54.4m) from OMR27.43m a year earlier. Total revenues edged 0.4 per cent higher last year to OMR9...
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European cement industry carbon costs cannot be passed onto customers
One of the issues during the debate on the future of the EU Emissions Trading Scheme (EU-ETS), is the ability (or not) of a sector to pass on to their customers costs arising f...
CEMBUREAU welcomes EC progress towards circular economy
On 2 December 2015, the European Commission adopted its ambitious Circular Economy Package, which is expected to help Europe to become more resource efficient. The package h...
India: Ambuja Cements reports flat growth in full-year volumes
Ambuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015. The company underlined that during the year the Indian ...
Suez Cement results impacted by lower selling prices, higher energy costs
Suez Cement Co, part of the Italcementi group, reported an 8.3 per cent drop in consolidated revenues for 2015 to EGP5.64bn (US$720m) from EGP6.15bn a year earlier. It recorded...
Indonesia January sales rise 4.4%
Indonesian cement sales have begun the year on a positive note, rising by 4.4 per cent YoY in January to 5.14Mt on the back of high demand from infrastructure projects across t...
Gulf Cement Co returns to profit, UAE
Gulf Cement Co reported net profits of AED24.54m (US$6.7m) in the fourth quarter of 2015, against losses of AED13.3m (US$3.62m) in the same quarter of 2014, according to a bour...
Pakistan: Cherat Cement 1HFY16 profit rises 6%
Pakistan producer Cherat Cement Co reported a profit after tax of PKR676.2m (US$6.48m) in the first half of FY16 versus PKR639.8m a year earlier, which translates to a six per ...
Southern Province Cement Line 2 due for end-June completion
Work on Southern Province Cement's second production line at its Bishah plant in Saudi Arabia has been delayed, according to a company statement to the Saudi bourse. The com...
Cuba: Mártires de Artemisa to produce 142,000t in 2016
Empresa de Cemento Mártires de Artemisa in Mariel, Cuba, is expected to produce 142,000t or some 30 per cent of total domestic cement output this year. Mártires de Artemisa ...
Latest MPA report highlights 'real concerns behind declining aggregate reserves'
The Mineral Products Association's (MPA) fourth Annual Mineral Planning Survey (AMPS4), covering the period to the end of 2014, shows that although the demand for aggregates co...
Cementir boosted by Scandinavia and Italy
Cementir reported yesterday in its 2015 preliminary figures that improved performances in Scandinavian countries and Italy, plus a stable contribution from the Far East group a...
Boral reports increase in underlying net profit after tax
Boral reported a 23 per cent increase in net profit after tax before significant items to AUD137m (US$97m) for the six months ended 31 December 2015, reflecting improvements in...
Hope to launch bagged cement product, UK
Hope Construction Materials has announced the launch of its new bagged cement product. Its Professional Grade Cement, the newest entrant into a UK bagged cement market worth GB...
Dem Rep Congo: cement price fall 35% in Matadi
The price of a bag of cement in Matadi, Dem Rep Congo has fallen by 35 per cent from CDF12,500 (US$13.44) to CDF8000. The price decrease follows the arrival of imports from Ang...
Attock Cement first-half profits up by 12.5% YoY
Pakistan-based Attock Cement earned a 12.5 per cent rise in profit after tax of PKR1152m (US$11m) in the first half of 2016 compared to PKR1024m reported in the comparative per...
Algeria: Aïn Kebira receives stock exchange go-ahead
Aïn Kebira, a subsidiary of Groupe Industries de Cimenterie d’Algerie (GICA), has received the approval of the Algerian Commission of Stock Exchange Organisation and Surveillan...
Kenya November 2015 demand down 5.5%
Cement consumption in Kenya fell by 5.5 per cent from 520,833t in October to 492,340Mt in November 2015, according to the Kenyan Bureau of National Statistics. Output decreas...
Martin Engineering names new COO
Robert Nogaj has been named Chief Operating Officer (COO) of Martin Engineering. Mr Nogaj will be responsible for all facets of the company’s business, including R&D, manufactu...
Change in LafargeHolcim leadership in India
LafargeHolcim announced yesterday that Martin Kriegner, currently Area Manager Central Europe, will be appointed Head of India, effective 1 March 2016. He will report to Eric O...
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