Quarry Products

Following the sale of its Star terminal at the Harbour Centre in Manila and Lafarge Republic Aggregates (LRAI) for almost PHP 3 billion (€59.95 million/US$65.84 million), cement, marble, and building materials manufacturer Lafarge Republic has chosen to keep its Mindanao assets in the Philippines.

The Star Terminal will be bought by cement and aggregates manufacturer Holcim Philippines for PHP 410 million, while Lafarge Republic's 60% interest in LRAI will be purchased for PHP 1.588 billion.

The offe

Latvia's cement producer Cemex posted a turnover was €86.9 million for 2014, nearly unchanged year-on-year (2013: €87.08 million).

The company's net loss was €1.8 million which was due to the effect of the mandatory procurement component for electricity in Latvia, as well as interest and depreciation related to €290 million investment in the Broceni cement factory.

Cemex generated a €4.84 million profit in 2013, up from the suffered loss of €14.18 million in 2012.

Exports accounted for more than 70

In the first half of 2015, Titan Cement of Greece registered a 19.9% rise in its revenues, to €672.8 million and a net profit of €24.2 million in comparison with €2.9 million in the corresponding period in 2014.

In the period April-June 2015, the company posted a 25.8% rise in its revenues, to €389 million; a 40.2% increase in its EBITDA to €82.1 million, and a net profit of €17.6 million from €13.9 million.

In the first half of 2015, turnover for the French building materials supplier Vicat was up 2% (or down 6.1% on a constant perimeter and currency basis) to €1.2 billion.

Ebitda was down 2.2% (or down 10.1% on a constant perimeter and currency basis) to €203 million, and on a pro-forma basis, Ebitda was up 2% (or down 7.6% on a constant perimeter and currency basis) to €208 million.

The Ebitda margin increased from 16.3% to 17.1% of turnover.

Net income group share was down 33.5% (or down 38% on a c

ICRA, an Indian ratings agency, forecasts demand for cement to increase by 6.8% to 7% year-on-year in the 2015-2016 fiscal year as the economy and infrastructure industry recover.

ICRA also expects capacity usage of cement plants to rise from 72% in 2015-2016 to 77% in 2016-2017.

India's cement production has risen by 5.6% y-o-y in 2014-2015 compared to 3% in 2013-2014.

Nigeria-based Dangote Cement saw its turnover expand by 15.94% year-on-year to NGN 242.22billion (€1.11 billion/US$1.22 billion) in the first half of 2015.

During the same six-month period, the cement maker also reported a 21.65% surge in after-tax profit to register a NGN 121.81 billion value.

The company attributes its healthy half-year results to its recently implemented expansion plan which saw Dangote Cement commission plants in South Africa and Senegal.

The cement holding company Camargo Corrêa Cimentos Luxembourg has sold some 30,174,446 shares of its Portuguese cement company Cimpor to InterCement Austria Holding at a single price of €3.20 or €91.42 million in total.

It is reported that CCC Luxembourg now controls 19.55% of the voting capital of Cimpor in a direct way and also 74.64% indirectly which represents 501,580,368 shares via its subsidiary InterCement Austria.

The Development Bank of Namibia (DBN) is reported to have raised its stake in Ohorongo Cement from 10% to 11.72%.

Ohorongo Cement, majority owned by Schwenk Zement of Germany,produces 700,000tonnes of cement for domestic and export markets.

It currently offers three products and it has spent NAD 150 million (€10.82 million/US$11.87 million) on a new facility to produce a special composite cement.

The Industrial Development Corporation (IDC) of South Africa and Development Bank of Southern Africa (D

Tororo Cement is set to expand its cement production to 3 million tonnes/year from the present 1.8 million tonnes in Uganda.

The cement maker has also invested US$25 million (€22.77 million) into the plant expansion, which includes constructing more cement grinding mills with the cement storage silos, clinker feeding system, rotary packers and clinker sheds.