Cement News: Corporate

16 September 2016

Azerbaijan: EBRD increase stake in Holcim plant

The European Bank for Reconstruction and Development (EBRD) has raised its stake in the equity capital of Holcim (Azerbaijan) OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20 per cent. A statement from the EBRD read, “The bank will continue to support a major company in Aze...

16 September 2016

India: Nirma raises US$598m to finance Lafarge acquisition

Nirma Group, which in July won the race to buy Lafarge India for a reported US$1.4bn, has raised INR40bn (US$598m) from a bond sale to finance the purchase, the Economic Times reports. Nirma has created a special ...

16 September 2016

India: Ramco increases sales by 15% in 1Q16-17

Ramco Cements Ltd has stated that it sold 2.076Mt of cement in domestic and export markets during the first quarter ending on 30 June 2016 compared to 1.813Mt in corresponding quarter last year, which translates to a...

15 September 2016

Egypt: FLSmidth awarded WNCC upgrade and operation contract

The Wadi El Nile Cement Company (WNCC) has signed a new five-year contract with FLSmidth that will see the Danish firm continue to maintain and operate a 2Mta plant located 120km south of Cairo. In addition to the...

USA: Lafarge to part-close Joppa plant 15 September 2016

USA: Lafarge to part-close Joppa plant

Lafarge North America has announced it is to close one of the two kiln lines at its Joppa plant in southern Illinois and lay off about 40 workers. The move, reported by local media, has been attributed to weakenin...

15 September 2016

Paraguay set for increased competition

Competition in the Paraguayan cement market is expected to intensify following the announcement by Italy’s Colacem that it will invest US$220m in new production facilities in Concepción. Environmental impact studie...

Nigeria: Sokoto Cement will have 60MW power by mid-2017 14 September 2016

Nigeria: Sokoto Cement will have 60MW power by mid-2017

Sokoto Cement (Cement Company of Northern Nigeria Plc) will build two additional power plants by mid-2017 that will enable the company to generate at total of 60MW of electricity, reports All Africa. The company cu...

14 September 2016

Paraguay: INC takes delivery of new mill

On Tuesday Paraguayan cement producer Industria Nacional de Cemento (INC) took delivery of the new mill for its Villeta works. It is expected that the new mill will help the cement producer to double production capac...

15 September 2016

Kazakhstan: Steppe Cement 1H loss falls in dollar terms

Steppe Cement has published its financial results for the first six months of 2016. Losses in dollar terms fell to US$1.5m from US$2.2m in the same period in 2015. However, due to a revaluation of the tenge, losses i...

14 September 2016

Nepal: Sarbottam Cement released on to the market

Sarbottam Cement Pvt Ltd (Saurabh Group) has launched its OPC and PSC cement in the Nepalese market. Sarbottam Cement, which is an ISO 9001 and 14001 certified company, has production capacity of 40,000 bags per day,...

15 September 2016

Pakistan: Maple Leaf expansion plans

Maple Leaf Cement Factory Ltd announced that its board of directors has approved an additional dry-process clinker production line (No. 3) at its existing plant site in Iskanderabad District, Mianwali, Pakistan. T...

15 September 2016

USA: Eagles Materials to buy Cemex Fairborn plant

Cemex US has signed a definitive agreement for the sale of its Fairborn (OH) cement plant and cement terminal in Columbus (OH), including a bagging operation to Eagle Materials Inc for approximately US$400m. The 2016...

15 September 2016

Kenya: ARM will look to improve margins

ARM Cement posted a pretax loss of KES473.5m (US$4.5 m) in the first six months, which the firm attributed to unrealised foreign exchange losses associated with borrowing for its new clinker plant. Managing Director...

13 September 2016

Zimbabwe: SZCC demands deeds to land

Sino-Zimbabwe Cement Company (SZCC) has requested that government grant it the title deeds for Indiva Farm, where the company is located. The state-owned Industrial Development Corporation of Zimbabwe (IDCZ) provi...

13 September 2016

LafargeHolcim launches new cement in northern Morocco

LafargeHolcim Morocco launched its new cement ‘Perfecto’ in the northern Moroccan market. The product, produced in the company’s Tangier plant, is specifically geared to all masonry work and as it supports the needs ...

15 September 2016

USA: Martinsburg plant sale to reduce HeidelbergCement's debt funding

The gap to repay a EUR2.7bn bridge facility that supports HeidelbergCement's purchase of Italcementi is set to close, once the HeidelbergCement cashes in the sale of its Martinsburg cement plant. On 8 September H...