According to local press, Taiwan Cement Corp. is to purchase China’s Sichuan Railway Group Cement Co. via its Hong Kong-based subsidiary TCC International Holdings Ltd.
Higher costs related to maintenance activities put a dent in the company’s margins, but net income rose 4.4% and gross revenue was up 18.2% in the quarter.
Ambuja Cements Ltd has reported an increase in net sales, operating EBITDA and net profit after tax for the July – September 2014 quarter.
Reporting on its results for the first quarter of its current financial year, Lucky Cement said that local sales grew to 0.965 million t and net sales revenue rose 12.2%.
ACC posted a 62% increase in net profit for the quarter ended 30 September 2014, which was attributed to better cost management and improved realisations.
The company has reported two consecutive quarters of growth, with production and sales both up and operating profit considerably higher than the same period last year.
Pakistan’s Fauji Cement announced a net profit of Rs.602 million for 1Q15, a 3% y/y increase compared to Rs.582 million recorded in 1Q14.
Maple Leaf Cement and Kohat Cement have increased their profits for the June – September quarter, despite increased costs.
The People Management Association of the Philippines has recognised Cemex with the 2014 Employer of the Year Award.
Approximately 5.4 million t of cement was sold in the Philippines in 3Q14, 11.9% higher than the 4.8 million t dispatched in 3Q13.
DG Khan Cement Company reported profit after tax of Rs.1.16 billion for 1Q15, an 8% y/y increase compared to Rs.1.07 billion in 1Q14.
Lafarge Pakistan has carried out the second wave of a road health and safety initiative to provide employees with PRTS compliant vehicles.
The cement company launched a campaign to better communicate the key attributes of its brand.
The National Bureau of Statistics of China has revealed that cement production decreased by 2.2% y/y to 224.15 million t in September 2014.
Taiwan’s Industrial Technology Research Institute (ITRI) has revealed that its High Efficiency Calcium Looping Technology (HECLOT) can achieve a carbon capture rate of up to 90%.