Cement News tagged under: Middle East & Africa
Cement price rise 2.5% in Morocco04 June 2014, Published under Cement NewsThe price of a bag of cement in Morocco will rise between 2-2.5 per cent to MAD1400/t (US$170), mainly on the back of higher fuel prices. In addition, cement stocks have decreased by 3.37 per cent between January-May 2014. |
Saudi Cement recommends dividend02 June 2014, Published under Cement NewsSaudi Cement Co’s board of directors has recommended paying a dividend of SAR3.5 per share for first six months of 2014, the firm said in a bourse filing on Sunday. Shareholders owning the company’s stock at the end of trading on 1 July will qualify for the dividend, which will be paid on 9 July the statement said.? Saudi Cement reported a 16 per cent drop in first quarter 2014 profit which it blamed on sagging local demand and losses from an associate company. |
PPC: first-half cement sales edge higher20 May 2014, Published under Cement NewsPPC announced its group cement sales were two per cent higher for the first half of the year to the end of March 2014. Improvements in export sales and the consolidation of sales from its Rwanda operation and newly-acquired Safika Cement business were partly offset by declining sales volumes in South Africa and Botswana. Group revenue increased by nine per cent to ZAR4157m (2013: ZAR3812m) helped also by improving cement pricing and the favourable impact of the devaluation of the rand aga... |
Iran monthly production update19 May 2014, Published under Cement NewsIran produced 4.501Mt of cement in the first calendar month of the current Iranian calendar year (21 March 2014 - 20 April 2015), according to its Ministry of Industry, Mines and Trade reported that the country. Over 70 per cent of the total (some 3.234Mt) was supplied to the domestic market during the month, Iran's IRNA News Agency reported. Some 6.291Mt of clinker was also produced in Iran during the period. The country’s total exports were 1Mta. Iran's cement output amounted t... |
Lafarge Zambia plans to double capacity13 May 2014, Published under Cement NewsLafarge Zambia plans to double capacity by adding another production line at its Chilanga cement plant, as the country's leading cement producer seeks to tap domestic market growth. "The new production line is still at design stage, but we will be looking at ramping up production to 4000tpd to 5000tpd once construction is complete," Emmanuel Rigaux, Lafage Zambia chief executive officer, told journalists after a Chinese delegation led by Ambassador Zhou Yuxio toured the plant. Construc... |
OCC quarterly profit affected by lower output30 April 2014, Published under Cement NewsOman Cement Co (OCC) reported a 47 per cent decline in net profit to OMR3.70m (US$9.61m) for the first three months of the year as a planned kiln shut down for expansion works affects production and lowers profitability. OCC, Oman's second-largest cement producer, has embarked upon a capacity upgrade project for one of its kilns which, upon completion will increase output by 2700tpd. “Since the project is in the final stage and nearing completion, and as a part of planned project act... |
Vicat improves cement shipments by more than 12%29 April 2014, Published under Cement NewsVicat's first quarter turnover increased by 9.2 per cent to €536m, which represents an underlying improvement of 14 per cent. The cement turnover improved by 6.8 per cent to €325m, as cement shipments rose by 12.2 per cent to 4.60Mt. The turnover in concrete and aggregates was 9.8 per cent higher at €199m as aggregates shipments rose by 9.0 per cent to 5.15Mt and ready-mixed concrete deliveries increased by five per cent to 1.89Mm³. Other products and services generated a 10.1 per cent i... |
Holcim's results boosted by mild winter in Europe28 April 2014, Published under Cement NewsHolcim's first quarter turnover declined by 5.4 per cent to CHF4,088m (€3,342m), but on a like-for-like basis, there was a 7.8 per cent increase while measured in euros the turnover was off by five per cent. The operating EBITDA declined by 5.1 per cent to CHF617m (€504m), but this represents an underlying increase of 10.1 per cent. The trading profit increased by 9.3 per cent to CHF295m (€241m), while the net attributable profit dropped by 57.5 per cent to CHF80m (€65m), as last year's ... |
Saudi Cement: first-quarter net profit declines15 April 2014, Published under Cement NewsSaudi Cement Co posted a 16 per cent decline in net profit for the first three months of this year due to lower domestic demand and losses from an associate company. The Saudi-based cement producer reported a profit of SAR286m (US$76.3m) in the three months to 31 March, down from SAR340m in the corresponding period of 2013, the company said in a bourse statement. The decline was attributed to falling local demand. Saudi Cement said it also had exposure to an associated company’s loss after... |
Semen Indonesia eyes Middle East & Africa investment02 April 2014, Published under Cement NewsPT Semen Indonesia, the country’s leading producer, is looking at expanding its presence into the Middle East and Africa region by developing factories there in 2016, CEO Dwi Soetjipto as quoted by Investor Daily. The Indonesian state-owned company company plans to invest IDR15trn (US$1.33bn) to boost production capacity to 50Mta by the year 2019. Semen Indonesia is targeting output at 30Mta this year, up from last year's 28Mta. Aside from its domestic operations in Indonesia, which compri... |