HeidelbergCement’s group revenue rose by 4 percent in the second quarter to €4.8 billion ($5.6 billion). Negative currency effects of €226 million ($264 million) had an adverse impact on revenue. Adjusted for currency and consolidation effects, revenue increased by 9 percent due to sales volume growth in all business lines and successful price increases.
Read MoreDay: August 1, 2018
Barbados to Enforce 60 Percent Cement Tariff
The Caribbean Court of Justice (CCJ) reinstated extra-regional tariffs on cement imports into Barbados, reported the Daily Nation. In an interim decision on July 17 by CCJ President Justice Adrian Saunders, the regional court ordered Barbados to “restore and enforce” a 60 percent import duty on hydraulic cements imported from outside the Caribbean Community (CARICOM).
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