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, 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
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
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
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
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: 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
Sweden: Sandvik has signed an agreement to divest its Mining Systems operations to the private equity company CoBe Capital. Sandvik will maintain ownership of on-going projects that are close to completion. The deal is expected to complete during the fourth quarter of 2016. No pu
