Kazakhstan: Steppe's 1H volumes edge ahead, revenue falls
In the first half of 2015, Steppe Cement Ltd sold 717,654t of cement for KZT8277m (US$44.3m), which compares with 709,459t of cement for KZT9125m in the first half of 2014. This...
Pricing
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West China Cement issues first-half profit warning
West China Cement Ltd said Wednesday it expects to record a "significant decrease" in net profit for the six months ended June compared with a year ago. The Hong Kong-listed cem...
Saudi clinker production declines
Clinker output in Saudi declined by 12 per cent YoY in May 2015 in producers deliberately attempt to shore up cement prices, claims a report by NCB Capital. Stockpiles had built...
China: UBS lowers CRC target price, earnings estimates
UBS Global Research lowered its target price for China Resources Cement (CRC) to HK$4.8 from HK$5.3, and maintained its 'neutral' rating. The research house said CRC has underpe...
PT Semen Indonesia
Following instructions earlier this year from Indonesia's president to lower cement prices to help support the government’s huge infrastructure projects, Semen Indonesia has see...
Dangote
Trial production has got underway at Dangote’s new 2.5Mta integrated cement plant in Ethiopia. Following kiln ignition in April, the US$480m plant has now been connected to the ...
Semen Indonesia lowers prices amid increased competition, weaker demand
Semen Indonesia, the country's largest cement producer, has reduced cement selling prices by around 10 per cent this year and is looking to increase exports against a backdrop o...
Irish competition watchdog to go to High Court as part of cement industry investigation
Ireland’s Competition and Consumer Protection Commission (CCPC) will go to the High Court next month as part of its probe into alleged anti-competitive practices in the cement i...
Indonesian president caps cement prices during peak periods
Indonesia's president has signed a decree allowing the government to cap prices of cement, staple foods and other basic goods during peak periods, a presidential spokesman said....
Spanish regulator expands cartel probe
Spanish competition watchdog, CNMC, has expanded its probe into concrete and cement producers on alleged cartel agreements. The regulator carried out inspections at the headquar...