China: MIIT issues warning on new capacity
China’s Ministry of Industry and Information Technology (MIIT) has issued an emergency decree ordering regulatory departments across the country to stop the cement sector from a...
Restructuring
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Kesoram Industries to restructure businesses, India
Kesoram Industries, part of the BK Birla Group, has set up a three-member committee of directors to explore options to reorganise its businesses, including the possible hiving o...
Cementos Portland Valderrivas reduces losses
Spain’s Cementos Portland Valderrivas cut losses by nearly 99 per cent to EUR0.6m (US$0.8m) despite a sharp decline in domestic cement demand. In the 1H12, the company had made ...
India Cements to restructure non-core assets
India Cements has said it will restructure its non-core assets, enabling the company to focus on core areas of its business and increase profitability.
Holcim reduces capital in Spain by 75%
The challenging state of the Spanish cement market has prompted Holcim to reduce its capital in Spain by 75 per cent or EUR568m.
Siam Cement to consolidate cement and building materials businesses
Siam Cement Group (SCG) is consolidating its cement and building materials businesses to strengthen its
Holcim Belgique to close Haccourt facility
Holcim Belgique announced it will close its Haccourt cement grinding plant, near Liège, Belgium. The unit currently employs 43 people. This project is part of a reorganisation o...
Sociedad de Cementos y Materiales looks to cut 35 jobs
Spanish cement and building materials producer Sociedad de Cementos y Materiales de Construccion de Andalucia, is reportedly planning to lay-off 35 members of staff.
Holcim to restructure operations in Europe
Holcim has said it will introduce a leaner management structure in Europe to reflect the lower level of construction activity, and expects to save at least CHF120m (EUR97mm) a y...
Italcementi announces restructuring plan, Italy
Italy’s leading cement producer Italcementi has approved a 2013-14 reorganisation of its domestic operations to cut annual costs by EUR40m (US$52.2m). The plan, named “Project 2...