Siam Cement Group to miss full-year revenue target
Siam Cement Group, Thailand's largest industrial conglomerate, expects to miss its revenue target of THB480bn (US$13.42bn) this year as consumers' purchasing power has declined...
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UltraTech Cement poised to lift capacity to 71Mta
UltraTech Cement is set to take its capacity to 71.2Mta by 31 March 2016 on the back of ongoing projects as well as recent acquisitions, chairman Kumar Mangalam Birla said on F...
Arabian Cement approves selling frozen stocks of shareholders, Egypt
Arabian Cement’s ordinary general assembly yesterday approved the selling of shareholders frozen shares. The OGM refused a Board of Directors restructure, and is to retain the ...
Fitch affirms CRH rating, but lowers outlook
Fitch Ratings has affirmed Ireland-based building materials company CRH plc's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. It has also downgraded...
US June shipments up 7.6% YoY
Total shipments of Portland and blended cement in the US and Puerto Rico in June 2015 were about 8.9Mt, up by 7.6 per cent YoY, according to data from the the US Geological Sur...
Vietnam output rises 10.3% in first eight months
Vietnam produced 43.1Mt of cement in the first eight months of this year, up 10.3 per cent from a year ago, including 5.9Mt in August, up 16.9 per cent, the government-run Gene...
Moody's: Conch Cement's 1H15 results are in line with its A3 rating
Moody's Investors Service, (Moody's) says that Anhui Conch Cement Co Ltd's 1H15 results are in line with its A3 issuer rating and stable outlook. "Conch's strengthened market...
India: BMM Cements becomes wholly-owned subsidiary of Sagar Cements
Sagar Cements has acquired 100 per cent equity holding in BMM Cements. With this, BMM Cements has now become a wholly-owned subsidiary of the company. The company had earlie...
Dangote opens grinding plant in Cameroon, Zimbabwe works on the cards
Dangote Cement Plc has inaugurated its 1.5Mta cement grinding plant in Douala, Cameroon. In addition, the company laid the foundation for a 200m terminal in Base Elf area, of t...
Cementos Argos’ 2Q EBITDA advances 45% YoY
Cementos Argos’ consolidated EBITDA increased by 45 per cent in the second quarter of 2015, reaching COP371bn. Consolidated revenues grew 26 per cent YoY to COP1.8trn, The U...
Cemex inaugurates grinding mill in Nicaragua
Cemex announced today that its subsidiary Cemex Latam Holdings, SA has completed the construction of the first phase of a new cement grinding plant in Ciudad Sandino, Managua. ...
Boral's pre-tax profit rises by 38.9%
Boral's turnover in its financial year to the end of June 2015 declined by 15.2 per cent to AUD4415m (EUR2893m) but the EBITDA improved by 8.8 per cent to AUD605m (EUR396m). Th...
EAPCC appoints new chief operating officer
Kenya-based East African Portland Cement Co (EAPCC) has appointed Albert Sigei as chief operating officer, effective 24 August 2015. Sigei will be responsible for production o...
Gebr Pfeiffer wins another VRM order for Iraqi market
Sinoma (Suzhou) Construction Co has placed an order with Gebr Pfeiffer SE for the supply of an MPS 5000 B to be installed at the Saman cement works in Iraq. The mill featuring ...
Bamburi first-half pretax profit jumps 94%
Bamburi Cement reported a 94 per cent jump in first-half pretax profit from a year earlier to KES4.5bn (US$43m). According to Reuters, the company attributed the strong perfor...
CRH's first-half driven by the Americas
CRH's first half turnover advanced by 12.6 per cent to €9,370m and the EBITDA improved by 9.9 per cent to €555m. The trading profit increased by 11.2 per cent to €189m and afte...
Dangote Cement signs fresh deal with Sinoma
Dangote Cement yesterday signed contracts worth about about US$4.34bn with Chinese firm Sinoma International to build factories across Africa and one in Asia. Cement facilitie...
CMS Bhd reports stable earnings, Malaysia
CMS Bhd (CMSB) reported a total revenue of MYR867.84m (US$206m) for the first half of 2015, a rise of 14.7 per cent on the MYR756.6m recorded a year earlier. Pretax profit in t...
UltraTech reportedly nearing deal to buy Bhilai grinding plant, India
UltraTech Cement is rumoured to be in advanced talks to buy Jaiprakash's 2.2Mta grinding plant in Bhilai, Chhattisgarh state, according to local press. Citing sources famili...
Semen Indonesia's profit may ease this year
Semen Indonesia expects its net profit to drop this year as slowing demand and rising costs put pressure on the company's margin. "We expect revenue to be maintained [at the s...
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