Asia & Pacific Rim

India Cements achieved net profit of Rs.40.10 crore in the June quarter, having reported a loss of Rs.2.96 crore in the same period last year.

Moody's Investors Service has assigned a first-time A3 issuer rating to Anhui Conch Cement Company Limited.

JK Lakshmi Cement blamed the subdued market for falling prices and profits in the June quarter.

Voluntary conditional cash offer is to acquire all of the outstanding shares in the issued share capital of China Shanshui.

China Resources Cement saw turnover fall in 1H15, along with falling sales volumes. The company has invested heavily in environmental upgrades.

Holcim Philippines has reported its 2Q and 1H results and has confirmed plans to invest and expand.

Grasim has reported improved performance for the second quarter of 2015 amidst challenging market conditions.

Domestic sales of cement grew to 1.8 million t in July, but exports continued to disappoint.

Mangalam Cement joins the other Indian cement companies to announce a disappointing June quarter.

The Cement Manufacturers Association of India has signed a wage agreement for 20 companies representing about two thirds of the country’s cement capacity.

A round-up of some of this week’s key news items from the international cement industry, from the latest construction outlooks to recent projects and developments.

A new study from the Freedonia Group, Construction Outlook in China, indicates Chinese construction expenditures will rise 7.8% annually.

Bestway Cement signs MoU with NUST Institute of Civil Engineering for research and development on innovative cement solutions for construction in Pakistan.

Indian cement company Shree Cement has reported a 62% drop in net profit for the quarter ending 30 June.

Prism Cement, India, reported a net loss of Rs.8.04 crore for the quarter ending 30 June.