Mortar bombs recovered from cement factory in Rajasthan

Sinai Cement reports falling profit

Egypt?s Sinai Cement Company reported a decline in total profit in 1H15 to EGP33.54 million, down from EGP88.12 million in 1H14. Net profit was EGP118.9 million...

Fauji Cement sees increase in profit

Pakistan?s Fauji Cement has reported its financial results for FY15, including a 56.75 per cent increase in profit after tax (PAT) to Rs 4.1 billion. Revenue...

Cement demand declines in Indonesia

Slowing property and infrastructure development in southeast Asia?s largest economy caused a drop in cement sales from January to July 2015. Domestic cement sales fell 4.1...

Dangote Cement 1H profit up 28%

Dangote Cement said first-half profit rose 28 per cent as its pan-African expansion helps make up for ?uncertainties? in its domestic market of Nigeria. Net income...

CPC to buy Martin Marietta?s biz

Taiheiyo Cement Corp announced that its California subsidiary CalPortland Co (CPC) will buy Martin Marietta Materials Inc?s cement business in California for $420 million. Major assets...

Moody?s assigns A3 rating to Anhui Conch Cement

Moody?s Investors Service has assigned a first-time A3 issuer rating to Anhui Conch Cement Company Ltd of China. The rating outlook is stable. "Conch?s A3 rating...

Birlas may challenge Lodha-led acquisition of two cement units

The ownership dispute between the Birla family and the Lodhas, who currently manage Birla Corporation could create obstacles for the deal, analyst tracking the developments said....

IL&FS acquires 17.25% stake in Sagar Cement

IL&FS Financial Services has acquired 17.25 per cent stake in Sagar Cements following acquisition of 30 lakh pledged shares of the cement company. IL&FS Financial Services...

Sagar to consolidate BMM acquisition by Sept

Sagar Cements Ltd will consolidate the acquisition of BMM Ltd before end of September this year. "The ramp up for BMM is more or less complete...