The road to global leadership
With China’s One Belt, One Road initiative increasing momentum, demand for cement is set to rise. ICR speaks with Romain de Laubier and Arne Burfeind of Boston Consulting Group...
China
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China Tianrui full-year profit 21% up in 2018
China Tianrui Group Cement reported a 21 per cent increase in profits to CNY1.21bn in 2018 when compared with CNY1bn the previous year. The company’s revenues were up 19.5 pe...
Vietnamese exports rise 15% in February
Vietnamese exports have risen 15.2 per cent in volume and 36.3 per cent in value for February 2019, rising to around 2.5Mt and US$105m, respectively. The average export price h...
Construction to begin on Nepali-Chinese joint venture
Huaxin Cement Narayani, a Nepali-Chinese joint venture, is set to begin construction on its facility in Dhading district, Nepal, within the next few days. "The promoters of ...
Anhui Conch
Kawasaki Heavy Industries has delivered two CK Mills to China’s Jiande Conch Cement via Anhui Conch Kawasaki Energy Conservation Equipment Manufacturing (CKM), a joint venture ...
Sinoma Energy to supply Athi River plant
China’s Sinoma Energy Conservation has signed a KES25.5bn (US$251m) deal to power Devki Group’s Athi River cement plant and its Mombasa-based raw steel processor. Sinoma ann...
Chinese manufacturer to enter Sri Lankan market
A Chinese cement manufacturer will set up a plant in the Hambantota Export Processing Zone, Sri Lanka, according to Nalin Bandara, deputy minister of Development Strategies and...
BBMG to sell 7 cement companies to Jidong Cement
BBMG Corp has announced that it will sell the entire equity interests in seven cement companies to China’s Jidong Cement for a total consideration of CNY1.54bn (US$227.06m). B...
China accounts for 15% of Central American cement imports
In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala...
LafargeHolcim
The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing US$245m in a contract to build a new production line for Holcim Philippines at the latter’s Davao wor...