Ramco Cements records a fall in 4Q net profit
Indian cement manufacturer Ramco Cements posted a net profit of Rs.24.99 crore in the quarter ended 31 March 2014, a 61% y/y decline compared to the corresponding quarter in 2013.
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Indian cement manufacturer Ramco Cements posted a net profit of Rs.24.99 crore in the quarter ended 31 March 2014, a 61% y/y decline compared to the corresponding quarter in 2013.
Arabian Cement Company earned net profit of US$16.3 million in the first quarter, as reported in its first earnings announcement since being listed on the stock exchange.
In the quarter ended 31 March, higher sales, increased operational efficiency and stronger prices contributed to achieving net profit of Rs.52.91 crore.
The US Patents Office has awarded two new patents to Rutgers, The State University of New Jersey, related to Solidia Concrete.
The Fijian cement company has started exporting to New Zealand and has plans to break into Australia.
Pretoria Portland Cement (PPC) has increased its capital spending budget for expansion projects in Zimbabwe to approximately US$280 million.
Reliance Cement Company (RCC) has extended its operations into West Bengal, one of the largest cement consuming states in Eastern India.
The European Commission has okayed UK plans to compensate certain energy-intensive users from higher electricity costs triggered by a mandatory carbon price floor.
Following the announcement last week that Fernando Gonzalez was appointed as Cemex’s new CEO, the Mexican cement giant has announced changes to its corporate staff functions.
For a limited time only, World Cement is offering a free trial subscription to its industry-leading publication.
Votorantim’s 1Q14 results show the continued strong performance of the cement industry in Brazil.
Estimates from Eurostat revealed that seasonally adjusted production in the construction sector fell by 0.6% in the euro area and by 0.5% in the EU28 in March 2014, compared with February 2014.