• 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

  • 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