• Buzzi Unicem cement sales grow to 5Mt in first quarter of 2016

    Buzzi Unicem’s cement sales have grown by 3% year-on-year to 5Mt in the first quarter of 2016 from 4.9Mt in the same period in 2015. Overall net sales rose by 5% to Euro540m from Euro513m. Its earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 87% to E

  • Pakistan exports drive up utilisation rate to ‘95%’

    Pakistan: Cement sales are up in Pakistan, with All Pakistan Cement Manufacturers Association Chairman Muhammad Ali Tabba claiming that the sector is using 95% of its installed capacity. He said that strong export growth in March 2016 was ‘very encouraging’ and had been major f

  • Philippines: Flat Holcim Philippines income disguises shifting picture

    Philippines: Holcim Philippines’ profit was flat year-on-year in the first quarter of 2016 at US$31.7m, despite revenues increasing by 17% to US$213.6m. The company reported, however, that production costs rose by 23%, eating into revenues. Holcim Philippines president and count

  • Cimencam to ramp up grinding capacity in 2018

    Cameroon: Les Cimenteries du Cameroun (Cimencam), a subsidiary of the multinational LafargeHolcim, has announced that it has signed an investment agreement with the government for the construction of a new cement grinding unit in Nomayas. The new US$40.3m installation is schedule

  • Spain: Cementos Molins posts improved profit, but revenue falls

    Spain: Cementos Molins has posted a net profit of Euro15.4m for the first quarter of 2016, a rise of 1.7% year-on-year. The group’s consolidated quarterly revenue came in at Euro130.7m, 10% less than in the first quarter of 2015. Cementos Molins suffered a Euro6m negative impact

  • Nigeria: Lafarge Africa launches US$302m refinancing bond

    Nigeria: Lafarge Africa is marketing a US$302m bond to refinance some of the US Dollar-denominated debt held by its subsidiary United Company of Nigeria (UNICEM), which it bought in 2015. Chief finance officer Anders Kristiansson said that there was strong interest for the bond a

  • Cemex to sell major cement assets in US

    US: Mexico’s Cemex has agreed to sell a raft of assets in the US in a US$400m divestment to pay down the company's debt. The assets include the Lyons cement plant in Colorado, the Odessa cement plant in Texas, three terminals in Texas and building materials businesses in Texas a

  • India: JK Cement’s Fujairah plant expansion to come online by 2017

    UAE: India's JK Cement has revealed that its plant in Fujairah, UAE is due to reach full production capacity by 2017. At full capacity the plant will be able to produce 0.6Mt/yr of cement. The plant is unusual in that it can produce both grey and white cement from the same kiln.