PSR selects second Siwertell road-mobile unloader
Siwertell, part of Cargotec, secured a second order for a road-mobile ship unloader from Russian company PSR Primstroyresource, based in Vladivostok. The latest contract is for...
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Cemex says strong dollar may delay higher debt rating
Mexican cement major Cemex said on Thursday that the strength of the US dollar could postpone the ability of the company to win back an investment grade debt rating, according ...
JSW Group to invest in port capabilities and cement capacity
JSW Group plans to invest INR40bn (US$610m) to boost its port and cement capacity in the next two years. JSW Infrastructure Ltd, plans to almost double its ability to handle c...
India: Coal India contracts not discontinued in June 2016
The fuel supply contracts of cement companies with Coal India will not be discontinued for auction, in contrast to earlier government announcements that all coal supply agreeme...
India: Udaipur Cement Works sees 12.6 per cent YoY gain in Jul-Sep revenues
Udaipur Cement Works reported total revenues of INR214.9m (US$3.24m) , down 4.3 per cent QoQ, but up 12.6 per cent YoY. The company also recorded a net profit of INR15.6m fo...
Ghana: Western Diamond Cement Ltd launches product on Takoradi market
Western Diamond Cement Ltd has launched its cement under the brand name ‘Diamond Cement’ on the Takoradi market in Ghana. The company, which produces cement in a vertical ki...
Egypt: Alexandria Portland Cement Co sees EGP116m loss in 9M15
Egypt’s Alexandria Portland Cement Company reported a EGP116m (US$14.4m) loss in the first nine months of 2015, in an official statement to the Egyptian Stock Exchange (EGX). T...
Plans to convert Binani Cement debt into equity
Lenders to India’s Binani Cement are planning to convert a total debt of INR30bn in the company to equity. The debt-to-equity conversion is being contemplated under the stra...
First LNG-powered cement carrier launched
Dutch shipyard Ferus Smit has christened and launched the Greenland, the first LNG-powered cement carrier. Greenland is a dedicated cement carrier built for the joint venture...
Titan performs strongly in the USA
Titan's turnover improved by 18.9 per cent to EUR1029.5m in the first nine months of 2015 and EBITDA was up by 12.6 per cent to EUR165.2m, though in the third quarter EBITDA wa...
Moody's upgrades Boral's long-term rating to Baa2; outlook stable
Moody's Investors Service has upgraded Boral Limited's issuer rating and senior unsecured rating to Baa2 from Baa3. The outlook on this rating changed to stable from positive. ...
Spain: Cementos Molins 9M net profit rises 38%
Spain's Cementos Molins registered a net profit of EUR41.9m in the first nine months of the year, up 37.6 per cent YoY, according to the company. Total sales reached EUR473m...
US House of Representatives passes multi-year highway bill
The Portland Cement Association (PCA) has applauded the US House of Representatives for today’s passage of the Surface Transportation Reauthorization & Reform Act (STRRA), a mu...
TCL quarterly revenue boosted by higher volumes, clinker exports
Trinidad Cement Ltd's (TCL) revenue rose by seven per cent in 3Q15 to TTD550.1m (US$86.3m) compared to TTD513.7m a year earlier, mainly to increased cement sales volume of 13 p...
Hope Construction Materials signs transport services contract with DB Schenker Rail UK
Hope Construction Materials and DB Schenker Rail UK have have signed a five-year partnership contract for transport services. The agreement covers the transport of aggregate...
HeidelbergCement 3Q15 revenue rises 3% YoY
HeidelbergCement reported a three per cent rise in group revenue to EUR3.6bn in the first three months of the ‘despite partly adverse market conditions,’ the company said in a ...
UltraTech Cement included on the Indian Climate Disclosure Leadership Index
UltraTech Cement announced that it has been identified as an Indian leader for the quality of climate change-related information that it has disclosed to investors and the glob...
Kumar Mangalam Birla appointed as Vice Chairman of Century Textiles
Kumar Mangalam Birla, chairman of the US$40bn Aditya Birla Group, has been appointed as Vice Chairman of Century Textiles and Industries. KM Birla is grandson of 94-year-old BK...
Pakistan July-October sales boosted by strong domestic demand growth
Pakistan cement dispatches in the first four months of FY16 increased by 3.79 per cent YoY to 11.398Mt, according to the All Pakistan Cement Manufacturer’s Association (APCMA)....
Reliance Infrastructure to sell its cement business, India
Reliance Infrastructure on Wednesday said it has decided to sell its cement manufacturing and road development businesses to focus on defence. "The 5.8Mta cement business and ...
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