Thursday, July 27, 2017

Nigeria: Lafarge Africa reports 1H17 financial results

Nigeria: Lafarge Africa plc has announced its financial results for the quarter ended June 30, 2017. The cement maker’s revenue in the first 6 six...

India: Binani Cement enters insolvency

India: on July 25, 2017, the Kolkata bench of the National Company Law Tribunal (NCLT) appointed an administrator to take control of the assets...

India: Ambuja Cements reports 2Q17 financial results

India: Ambuja Cement, part of cement giant LafargeHolcim, announced its financial results for the 2nd quarter ended June 30, 2017. Ambuja follows January-December as financial year. The...

Nigeria: AMCON takes over Gateway Portland Cement

Nigeria: Asset Management Corporation of Nigeria (AMCON) has formally taken possession of Gateway Portland Cement's factories and facilities located in Abeokuta and Mowe areas of...

Mexico: Cemex signs new loan deal to refinance debt

Mexico: on July 19, 2017, CEMEX, S.A.B. de C.V. announced it has entered into a new facilities agreement for a total amount of US $4.05...

India: UltraTech cement reports 1Q18 financial results

India: UltraTech Cement Ltd, an Aditya Birla Group company, announced its unaudited financial results for the quarter ended June 30, 2017. The results include those...

India: ACC Ltd. reports 2Q17 financial results

India: ACC Ltd. has announced its financial results for the quarter ended June 30, 2017. ACC follows January-December as fiscal year. The company's quarterly net profit...

Kenya: ARM Cement’s workers acquire 15% stake in the company

Kenya: ARM Cement's employees have acquired a 15% stake in the company, making it one of Kenya's public listed firms with the largest employee ownership. According...

India: Dalmia Cement loses round in US $4.57 million dispute with Glencore

India: on July 3, 2017, the Delhi High Court maintained the US $4.57 million arbitral award that Dalmia Cement (Bharat) Ltd. must pay to Glencore...

Nigeria: Stock Exchange delists Ashaka Cement

Nigeria: on June 4, 2017, the Nigerian Stock Exchange (NSE) has finally delisted Ashaka Cement Plc (AshakaCem) from its official list. The delisting was approved...

Saudi Arabia: 6 cement makers expected to see a decline in profit in 2Q17

Saudi Arabia: Arabian Cement, Yamama Cement, Saudi Cement, Qassim Cement, Yanbu Cement and Southern Province Cement are all expected to see a decline in their revenues...

Burkina Faso: West African Development Bank grants loan to CIMAF

Burkina Faso: the West African Development Bank (BOAD) has approved a loan of XOF 6 billion (US $10.38 million) to Ciments de l'Afrique (CIMAF). The money...

South Africa: Sephaku Holdings reports FY17 financial results

South Africa: minerals exploration, development and investment company Sephaku Holdings, which owns part of Sephaku Cement in a joint venture with Dangote Cement, announced its...

US: CEMEX finalizes divestment of its Pacific Northwest Materials Business

United States: on June 30, 2017, CEMEX announced that one of its subsidiaries in the U.S. has closed the divestment of its Pacific Northwest Materials...

Philippines: Eagle Cement reports 1Q17 financial results

Philippines: newly-listed Eagle Cement Corp. has announced its financial results for the first quarter of 2017. The cement manufacturer's net profit during the quarter ended March...

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