Titan Posts First-Quarter Loss
Titan Cement Co SA posted a first-quarter net loss as construction activity declined and the euro slumped.
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Titan Cement Co SA posted a first-quarter net loss as construction activity declined and the euro slumped.
Lafarge has reduced its growth forecast following a drop in its first quarter earnings. The results have been attributed to inflation and recent political unrest in Egypt
CRH plc has announced improved revenues for the first two months of 2011 on last year’s level, due to more favourable weather.
Despite not meeting sales expectations, Indian entities show strong growth.
While the economic recession is over and economic growth is strengthening, the construction recession may not run its course for another 18 months, hindering an improvement in cement consumption for the next two years according to the most recent economic forecast from the PCA.
As a result of a recent cement price hike, Taiwan’s leading cement producers invested in China have posted profit in the first quarter.
UltraTech Cement has announced its financial results for the year ended 31 March 2011. As well as reporting a decline in sales, attributable to slower growth in cement demand, the company also revealed plans to increase cement capacity by 9.2 million tpa over the next three years.
Holcim Philippines is reportedly planning investments of around US$500 million in a new Philippine cement plant.
The Portland Cement Association has recognised six US cement plants for their efforts in environmental improvement.
French cement manufacturer Lafarge is reportedly gaining attention from buyout firms interested in its gypsum division.
An update from some key cement manufacturers in Sub-Saharan and East Africa.
In India, KCP and JP Industries’ new plants are expected to commence production, increasing the installed capacity in the Krishna district by over 4.2 million tpa of cement.