Germany: HeidelbergCement has warned that its result from current operations before depreciation will be lower than expected so far in 2018 due to poor weather in the US and rising energy costs. It maintained that its sales volumes and revenue for the first nine months of 2018 would be ‘within expectations.’ The building materials company also reassured investors that its group share of profit for 2018 would also be as expected. It will release its results for the third quarter of 2018 on 8 November 2018.

Pakistan: Thatta Cement has approved a waste heat recovery project with its associated company, Thatta Power, at its annual general meeting. The two subsidiaries of the State Cement Corporation of Pakistan have ratified a waste heat utilisation agreement. The cement producer operates a 0.6Mt/yr plant at Thatta near Karachi.

India: ACC’s net sales rose by 13% year-on-year to US$1.45bn for the first nine months of 2018 from US$1.3bn in the same period in 2017. Its sales volumes of cement grew by 8% to 20.9Mt from 19.3Mt. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to US$212m from US$200m and net profit after tax rose by 10% to US$107m from US$98m. The cement producer attributed its performance to growing cement sales that were able to offset rising input costs including coal, petcoke, diesel and slag.

Philippines: Cemex Philippines says that its subsidiary Solid Cement has chosen China’s CBMI as the main contractor for an upgrade project at its plant in Antipolo, Rizal, according to ABS-CBN News. The new US$225m production line will increase cement production by 1.5Mt/yr to 3.4Mt/yr.