• Vicat cement sales hit by falling prices in first half of 2016

    France: Vicat’s sales revenue from cement has fallen by 1.5% year-on-year to Euro761 in the first half of 2016 from Euro773m in the same period in 2015. The group has blamed the decline on a fall in selling prices in most of its market regions except for the US. It was also hit

  • Titan Cement invests in Brazil

    Titan Cement Group has announced that it has concluded an agreement to acquire an equity stake in Brazilian Cement Manufacturer Companhia Industrial de Comento Apodi. Through a joint venture agreement, Cimento Apodi will be jointly owned and controlled on a 50/50 basis by the Bia

  • LafargeHolcim sells main stake in Sichuan Shuangma for Euro469m

    China: LafargeHolcim has signed a framework agreement with Tianjin Circle Enterprise Management Center (Tianjin Circle) to sell a controlling stake in Sichuan Shuangma Cement (Shuangma) for Euro469m. The multinational cement producer owns 55.93% of Shuangma. The sale is subject t

  • Dangote Cement slows its pace of expansion

    Shock news this week: Dangote Cement has decided to slow its expansion in Africa. The announcement from CEO Onne van der Weijde topped a half-year financial report that trumpeted high revenues and sales volumes of cement but one that also had to explain why earnings before intere

  • Italcementi’s revenue falls slightly before takeover

    Italy: Italcementi’s sales revenue has fallen by 2.1% year-on-year to Euro2.12bn in the first half of 2016 from Euro2.17bn in the same period in 2015. Its sales volumes of cement rose by 2.8% to 22.3Mt from 21.7Mt. Earnings before interest, tax, depreciation and amortisation (EB

  • Tarmac acquires ready-mix sites

    Tarmac has acquired 11 ready-mix concrete sites from Breedon Aggregates and Hope Construction Materials. The acquisition forms part of Tarmac’s strategy to ensure that it is well positioned to support UK infrastructure and construction growth and will provide significant additio

  • Iran’s construction industry to perform well

    According to Timetric’s Construction Intelligence Centre, Iran’s construction industry is likely to perform well up to 2020, with growth driven by investments in energy, residential and infrastructure construction projects. Improvements to investor and consumer confidence due t

  • Titan turnover continues to rise in first half of 2016

    Greece: Titan’s turnover has risen by 7.6% year-on-year to Euro724m in the first half of 2016 from Euro673m in the same period in 2015. Its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 13.5% to Euro120m from Euro105m. However, its net profit fe