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UltraTech seen posting 8% YoY net profit rise

UltraTech Cement is expected to post an 8% YoY rise in net profit for the first quarter of fiscal year 2012-13 (FY12...

UBS cuts Buzzi Unicem’s EBIDTA estimates on weak European markets

UBS has cut Buzzi’s 2012 EBITDA projections by three per cent and now expects it to remain flat for the year at EUR4...

Vietnam to propose association for exporters

Vietnam has called for domestic exporters to cooperate in fair pricing and is proposing to establish an association ...

New order for Cemengal in East Africa

EPC contractor Cemengal of Spain has been awarded a new contract for its Plug & Grind® ball mill technology by a cus...

Taiheiyo could surpass FY13 earnings outlook, Japan

Taiheiyo Cement’s president Shuji Fukuda has said the company’s earnings forecast for fiscal 2013 that was released ...

Hail Cement widens loss, Saudi Arabia

Saudi Arabia-based cement company Hail Cement has increased its losses in the second quarter of 2012 to US$2.29m, up...

Cementos Portland Valderrivas extends credit line, Spain

Cementos Portland Valderrivas has reached an agreement with its creditors to extend by end-July the maturity of a EU...

Daiwa cuts Shanshui Cement, China

Daiwa Research has lowered its price target for China Shanshui Cement to HK$4.2 from HK$8.7 and downgraded its stock...

Indonesia’s June sales rise 9.5 per cent

Indonesian cement consumption increased by 9.5 per cent to 4.5Mt in June 2012, data from PT Semen Gresik showed on M...

Ghacem to commission new mill by year-end, Ghana

Ghana’s leading cement producer Ghacem is to commission an additional 1Mta mill this year at its Tema Factory in Nov...