Pakistan’s Lucky Cement achieves 26% increase in profits
1Q14 results are in for Lucky Cement, the market leader in Pakistan. The company realised improved sales value and lower financial charges in the quarter.
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1Q14 results are in for Lucky Cement, the market leader in Pakistan. The company realised improved sales value and lower financial charges in the quarter.
An increase in building in the eastern and southern regions of China is set to boost sales and profit growth of cement companies.
The company has recorded an almost 25% reduction in profit after tax, attributed to increased financial and ‘other’ costs.
The Builders Association of India (BAI) has called upon the state to intervene in rising cement prices, as construction projects all over the region are cut short due to high costs.
China, one of the largest greenhouse gas emitting nations, is conducting research into alternative fuels as a way of reducing environmental pollution. Katie Kouchakji reports in this abridged article from the November 2013 issue of World Cement.
China, the world’s largest cement industry, are updating technology and reducing emissions as part of a plan to curb pollution.
Major Indian cement companies Ambuja and ACC have announced disappointing results for the third quarter of 2013.
Pakistani cement producers are reporting mixed fortunes for the quarter ended 30 September, with some showing increased earnings and others declines in profitability.
Cement prices are expected to rise as Pakistan’s major cement producers publicise their 1Q14 results.
Thai cement producer TPI Polene Public Company Limited enter contract with Siemens for engineering and supply of the power distribution to introduce a new clinker production line in Saraburi, Thailand.
In India, the Supreme Court has ruled that a tax rebate offered by the state government of Uttar Pradesh is discriminatory and unconstitutional.
The company becomes the latest Indian cement manufacturer to report a poor July – September quarter.