Cement News: Corporate

10 January 2017

USA: Bessemer Cement partly under Argos ownership

Argos USA purchased 13.92 acres of the 114 acre Bessemer Cement plant site from Essroc Cement Corp for US$1,226,026 in November 2016, according to a deed of transfer from the local recorders Office, reports New Castle News. Jeff Sieg of Lehigh Hanson Inc explained to New Castle Ne...

12 January 2017

Semen Indonesia net profit down by 3% in 2016

PT Semen Indonesia Tbk made a net profit of IDR4.01trn (US$301.6m) in 2016, which was lower than the IDR4.52trn the previous year. "National cement growth in the year was down three per cent due to the presence of...

12 January 2017

Cemex amends Trinidad Cement bid

Cemex has announced that its indirect subsidiary, Sierra Trading, will present a change and variation notice making an amended offer to the offer and take-over bid of Trinidad Cement Ltd (TCL) that was presented on 5...

09 January 2017

Semen Indonesia expects 5% sales growth in 2017

State-owned cement company PT Semen Indonesia (Persero) Tbk is  targeting 4-5 per cent sales growth in 2017. Semen Indonesia Corporate Secretary Agung Wiharto said that new plants in Rembang in Central Java and Ind...

Semen Indonesia IDR6trn expansion 06 January 2017

Semen Indonesia IDR6trn expansion

Semen Indonesia has designated IDR6trn (US$449.1m) for capital expenditure in 2017 to finance its expansion programme. The programme includes the development of four plants set to add 10.5Mta to the company’s current...

06 January 2017

India: Sagar Cements sees sales dip in December

In a trading statement released this week, Sagar Cement has reported a slight decline in cement sales for December compared with a year earlier. Consolidated results – which include the firm’s BMM subsidiary – show c...

India: Dalmia Cement wins limestone concession auction 06 January 2017

India: Dalmia Cement wins limestone concession auction

Dalmia Cement has won the right to mine limestone in Odisha, eastern India, the Times of India reports. Dalmia saw off competition from Adani Cement and Hira Cement for the limestone reserves, estimated at 98.7Mt....

06 January 2017

Vietnam: Vicem sells 25.8Mt of cement and clinker in 2016

State-owned Vietnam Cement Industry Corp (Vicem) sold around 25.8Mt of cement and clinker in 2016, representing a YoY rise of 11.2 per cent and surpassing the year’s target by 11 per cent. Some 22.73Mt of cement a...

06 January 2017

UAE: Arkan cutting energy usage in response to price rises

Emirati building materials firm Arkan, which operates the Al Ain and Emirates cement factories, has announced a series of energy saving measures in response to rising prices for electricity, water and natural gas, Tr...

06 January 2017

Trinidad Cement directors recommend rejection of Cemex bid

The board of directors of Trinidad Cement Ltd (TCL) has written to shareholders advising them to reject Cemex's TTD597m (US$89m) offer for a controlling interest in the company, the Jamaica Observer reports. “The ...

04 January 2017

Nigeria: BUA Group to offer incentives to cement distributors

BUA Group, the conglomerate which owns the Cement Company of Northern Nigeria, is to offer incentives of NGN100m (US$0.3m) to cement distributors who exceed their sales targets, the Nation reports. “We have embark...

23 December 2016

Pakistan: Kohat Cement interest in Dewan Cement

Kohat Cement Company Ltd has joined the race to acquire Dewan Cement’s North plant, a 1.134Mta facility located at Hattar industrial estate in northern Pakistan. The company has informed the Security & Exchange Com...

23 December 2016

India: Prism Cement sees losses shrink for 1HFY17

Prism Cement has released its financial results for the first half of its trading year, which began on 1 April, revealing a loss of INR50.62m (US$0.75m) over the six-month period. This compares favourably with the sa...

22 December 2016

France: Addoha Group's plant draws right-wing opposition

The CEO of Addoha Group, Anas Sefrioui, could see his Fos-sur-Mer cement plant project permanently held up due to local political contingencies. in 2012 Groupe Sefrioui, through its subsidiary Sudvrac, started...

22 December 2016

Uruguay: Cimsa to work with Ancap on Cementos Charrúa project

Company Industrializadora de Minerales SA (CIMSA) wants to form an association with Ancap of Uruguay to receive clinker for its subsidiary Cementos Charrúa, to produce cement at the grinding unit being built in Mont...

21 December 2016

France: Cemex highlights involvement in Grand Paris project

Cemex has released details of its work on the Grand Paris infrastructure project, the largest such programme in France. The company has supplied over 55,000m 3 of concrete for the extension of the Paris Metro, parti...