Cement News: Corporate

29 September 2016

United States: St Mary’s Cement secures funding to expand North Michigan plant

St Mary’s Cement, a subsidiary of Brazil’s Votorantim Cimentos, has had its application for funding to expand its Charlevoix plant in north Michigan approved by the Michigan Strategic Fund (MSF), according to local news reports. The approval means that the company can access US$150m...

29 September 2016

Philippines: Eagle Cement to break ground on Davao plant

Eagle Cement has said that it will begin construction work on its new 2Mta cement plant in Davao in the south of the country on 20 October, according to reports in the Business Inquirer. Eagle Cement’s owner, Ramo...

29 September 2016

Semen Indonesia: unsuccessful Holcim (Lanka) bid will not deter from ASEAN expansion

PT Semen Indonesia (Persero) Tbk's director, Rizkan Chandra, has claimed that Siam City's bid for Holcim (Lanka) Ltd was "an outrageous price". Siam City Cement won 99 per cent of the Holcim Lanka shares for US$40...

29 September 2016

Mexico: Elementia considers price rise to help fund investment plan

Elementia is considering a potential rise in its cement price following the depreciation of the Mexican peso against the US dollar, according to the El Financiero newspaper. The price rise will help to maintain the...

Azerbaijan: Akkord Concrete and  Gazakh Cement merge 28 September 2016

Azerbaijan: Akkord Concrete and Gazakh Cement merge

The Akkord Industry Construction Investment Corporation OJSC has merged two of its businesses. The Akkord Concrete LLC and Gazakh Cement plant LLC have been merged, according to a news report from the Azeri-Press A...

28 September 2016

Philippines: competition commission probes cement industry

The Philippine Competition Commission (PCC) has warned cement companies of the repercussions should it violate antitrust laws. PCC Commissioner, El Cid Butuyan, said, “We intend to exercise our enforcement powers in ...

Pakistan: Pioneer Cement profits up slightly in FY2016 28 September 2016

Pakistan: Pioneer Cement profits up slightly in FY2016

Pakistan cement producer Pioneer Cement Ltd has reported post-tax profits of PKR2.51bn (US$24m) for the financial year ended June 2016, a rise of 0.9 per cent YoY. In a notice to Pakistan Stock Exchange (PSX), the...

27 September 2016

Chile's three largest cement producers sees 1H sales rise 3.7%

Chile’s top three cement companies – Cemento Melon, Cementos Polpaico and Cementos Bio Bio – recorded a 3.7 per cent YoY rise in sales to CLP339.82bn (USD510.48m) in the first six months of 2016. This represents the ...

27 September 2016

USA: public asked for their comments on Martinsburg plant's future

Federal regulators are seeking public opinion on one aspect of the pending US$4.2bn merger between HeidelbergCement and Italcementi that will include a change in ownership for Essroc Cement Corp and the Martinsburg c...

28 September 2016

Cemex: Jamie Muguiro to take over Cemex Latam CEO duties

Cemex Latam Holdings SA Chairman, Jaime Muguiro, will take over CEO duties in coming days after the unit said it found about US$20m in irregular payments in the construction of its new Colombian cement plant, promp...

26 September 2016

UK: Hanson make management changes

Hanson Cement (HeildelbergCement Group) in the UK has made a number of new senior appointments within its packed products team. Andy Simpson becomes national commercial director, Chris Hall joins Hanson as national a...

26 September 2016

India: Rain Cements brings WHR power plant online

Rain Cements Ltd has started its waste heat power generation (WHPG) plant at its cement unit at Boincheruvupalli Village, Peapully Mandal, Kurnool district in Andhra Pradesh, India. The new facility will generate up ...

26 September 2016

Kazakhstan: Steppe Cement 1H16

Steppe Cement's 1H16 revenues fell 47 per cent YoY to US$24m, despite the company seeing a  six per cent YoY increase in cement sales volumes. The decline in revenue was driven by the sharp depreciation in the ...

23 September 2016

Spain: Cementos Cosmos Oural plant to open next year

Following the decision to reopen the Oural plant in Galicia, Spain, operated by Votorantim Cimentos-owned Cementos Cosmos, after a four-year stop and previously earmarked for closure, the works is scheduled to restar...

23 September 2016

Kenya: CDC Group appoints two directors to ARM's board of directors

UK’s sovereign wealth fund CDC Group has appointed two directors to the board of Kenyan cement manufacturer ARM Cement Ltd in which it recently acquired a 40.6 per cent stake for KES14.1bn (US$139.4m). The fund app...

23 September 2016

Nigeria: Lafarge Africa refinances with five-year bonds

Lafarge Africa (LafargeHolcim Group) has raised NGN60bn (US$184m) by issuing three and five-year bonds through book building. The cement producer issued a three-year bond at 14.25 per cent to raise NGN26.38bn and sol...