Uzbekistan: Almalyk Mining and Processing (AGMK) plans to open a new 1.5Mt/yr cement plant in the Sherabad district of the Surkhandarya region in late August 2018. Pilot production at the site started in July 2018, according to the Podrobno News Agency. The unit has an investment of US$213m. Turkey's Dal Teknik Makina worked on the project.
Shree Cement’s quarterly profit down due to input costs
India: Shree Cement’s profit fell in the quarter that ended on 30 June 2018 due to higher power, fuel and logistic costs. Its profit dropped by 36% year-on-year to US$40.7m from US$64.1m in the same period in 2017. However, its income rose by 5.4% year-on-year to US$461m. During the reporting quarter the cement producer commissioned a cement grinding mill at its Kodla cement plant in Karnataka, it purchased a railway terminal at Hathbandh in Chhattisgarh and it acquired a majority stake in Union Cement in the UAE.
Whale Rock Cement to commission plant in October 2018
Namibia: Whale Rock Cement plans to commission its new plant near Otjiwarongo at the end of October 2018. The 1.2Mt/yr unit had an investment of US$350m, according to the Xinhua News Agency. Cement from the plant will be sold under the Cheetah brand. The project is a joint venture between China's Asia-Africa Business Management and local partners.
Trinidad Cement’s revenue rose by 4% to US$132m in first half of 2018
Trinidad: Trinidad Cement’s revenue rose by 4% year-on-year to US$132m in the first half of 2018 from US$127m in the same period in 2017. Its profit nearly tripled to US$7.57m.


