Dangote Cement 1H profit up 28%
Dangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for “uncertainties” in its domestic market of Nigeria. Net income was NGN121....
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MPA: subdued 2Q sales, prospects positive
Sales volumes of aggregates and ready-mixed concrete were four per cent higher and asphalt 10 per cent higher in the second quarter of 2015 than in the same quarter of 2014, la...
Pakistan – preliminary figures: MoM sales down by a third
Pakistan cement sales fell by 33 per cent in the first month of FY15-16 to 2.19Mt, preliminary data from AHL Research shows. During July 2015, domestic demand dropped by 36 pe...
UltraTech Cement seeks shareholders approval for NCD issue, India
The board of UltraTech Cement Ltd has sought shareholder approval to raise up to INR90bn rupees via issue of non-convertible debentures (NCD) on a private placement basis, the ...
Cementir boosted by financial items
Cementir's turnover edged ahead by 0.6 per cent to EUR475.7m in first half of 2015, as the improvements in Denmark and Sweden made up for lower results from Norway and Turkey w...
Exchange rate helps Lafarge’s 6% EBITDA increase
Lafarge's first-half turnover improved by 5.3 per cent to EUR6319m while EBITDA advanced by 5.9 per cent to EUR1223m. The trading profit moved ahead by 7.7 per cent to EUR813m....
Indonesian producers predict 2016 market pick-up
PT Semen Indonesia and its subsidiary Semen Gresik are optimistic the domestic cement market will improve in 2016 despite tight competition. Bambang Joko, head of sales at s...
Italcementi’s improvements in Asia and North America offset declines elsewhere
Italcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment char...
Kenya: ARM Cement to recover from US$4.6m 1H15 loss
Kenya's ARM Cement stooped to a first-half pretax loss of KES473.52m (US$4.6m), the firm said on Thursday, but said it expected to improve its performance in the 2H15. "In sp...
Titan's US business continues to advance strongly
Titan's first-half turnover improved by 19.9 per cent to EUR672.8m, helped by exchange rate movements, and EBITDA was ahead by 18.3 per cent to EUR105.3m. Following an increase...
Namibia’s Ohorongo Cement is boosted by exports
Ohorongo Cement, Namibia’s sole cement manufacturer, has produced about 2.4Mt of cement for both local and foreign consumption over the past five years, according to managing d...
Tororo cement invests US25m in expansion
Uganda’s largest cement manufacturer has earmarked UGX86bn (US$25m) towards the plant expansion. Tororo Cement Ltd will upgrade its cement plant at Tororo, northeast of Kampala...
Holcim's profits hurt by the strength of the Swiss currency
Holcim's cement deliveries declined by two per cent to 67.6Mt in the first six months, and the underlying advance was 2.1 per cent. Shipments of aggregates rose by 3.4 per cent...
Nigeria: BUA's 3Mta Obu plant to start operations
BUA Group is about to release cement from its newly-built US$600m Obu plant in Okpella, Edo State, with clinker production already operational. Cement should be dispatch from t...
HeidelbergCement benefits from strong North American improvement
HeidelbergCement's first-half results show an 11.2 per cent increase in turnover to EUR6470m. EBITDA improved by 22.3 per cent to EUR1052m, while the trading profit advanced by...
Zambia has potential for Dangote Cement
Dangote Group of companies has continued its expansion plans in the cement industry with another plant target in Lusaka. Dangote will officially launch its Masaiti cement plan...
Italcementi aims to sell out to HeidelbergCement as consolidation gathers pace
Italcementi's first-half turnover recovered by 5.8 per cent to EUR2167.5m and the running EBITDA improved by 5.3 per cent to EUR324.5m. Helped by a reduction in the impairment ...
Brazil: Cade issues fines of US$934m
Brazil's antitrust watchdog, Cade, has ordered six cement makers named in a price-rigging case to pay a combined BRL3.1bn (US$934m) in fines within a month in a landmark decisi...
Thailand: Siam Cement raises net profit
Siam Cement PCL, Thailand's largest industrial conglomerate, beat market expectations with a 63 per cent rise in quarterly net profit, boosted by better petrochemical margins a...
China: Shanshui Cement turn down share disposal offer
Shanshui Cement's chairman and general manager, Zhang Bin, has told the press that in response to the possible acquisition of company shares from CNBM and Asia Cement China, co...
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