• HeidelbergCement publishes Q2 2016 results

    Highlights Q2 2016 and outlook: Increased sales volumes in all business lines. Group revenue stable at €3.6 billion. Operating income rose by 8% to €601 million. Improvement of margins in all business lines. Significant improvement of free cash flow; net debt red

  • Dangote report Q2 results

    Dangote Cement has reported a revenue of N292 billion in the second quarter ended 30 June 2016 indicating an increase of 20% over the N242 billion figure posted in the corresponding period in 2015. According to the reports filed with the Nigerian Stock Exchange (NSE), the company

  • HeidelbergCement to sell assets in Belgium to Cementir Holding

    HeidelbergCement, through its subsidiary Ciments Français S.A.S, entered into an agreement with Aalborg Portland Holding A/S, a subsidiary indirectly 100% controlled by Cementir Holding, to sell operations in Belgium, primarily consisting of Italcementi’s Belgian subsidiary

  • Siam City Cement buys Holcim Lanka

    Sri Lanka: LafargeHolcim has signed an agreement with Siam City Cement to sell Holcim Lanka for US$400m. Holcim Lanka operates one integrated plant and one grinding plant in the country. The transaction is expected to close in the third quarter of 2016. The proceeds from the sale

  • RUSSIA - Conch builds $500m cement plant in Russia

    Conch intends to build a plant in the Ulyanovsk region, the governor’s press office announced on Tuesday. On the 19th of July, within the framework of the Russia-Chinese Council for Cooperation Between Regions of Volga Federal District and Upper and Middle Channels of Yangtze Ri

  • UltraTech Cement’s net profit on the rise

    Bloomberg are reporting that UltraTech Cement’s net profit increased 28.3% to Rs 775 crore in the first quarter of the financial year 2016-17, compared to the same period last year. Total revenue increased 3.9% to Rs 6182 crore from the same quarter last year. Analysts had proje

  • Sinoma signs US$370m deal with Dangote for clinker line and slag grinding plant

    Nigeria: Sinoma International, a subsidiary of Sinoma, has signed two engineering, procurement and construction deals with Dangote Cement worth a total of US$370m. The first, project worth US$281m, is to build a 6000t/day clinker production line for Okpella Cement, a subsidiary o

  • Taiwan Cement to expand microalgae production to tackle CO2

    Taiwan: Taiwan Cement plans to expand its microalgae unit to boost astaxanthin production from waste CO2. The cement producer intends to invest US$6.25m towards enlarging its existing microalgae unit into a 20-hectare outdoor microalgae farm with an estimated annual production va