Peruvian cement demand sees 7% October uptick
Peru’s cement market expanded by 6.7 per cent YoY in October 2019 as demand reached 1.089Mt when compared with 1.021Mt reported in October 2018, according to the latest data pub...
Weekly Newsletter
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Eagle Cement acquires Cemex's shares in Kosmos Cement
Kosmos Cement Co in Kentucky, USA, a joint venture between Cemex and Buzzi Unicem, has signed an agreement for the sale of certain assets to Eagle Materials. The US$665m transac...
Tudela Veguin opens new El Musel terminal
Cementos Tudela Veguin has inaugurated its new terminal at El Musel, Gijón, Spain. The new terminal will enable the company to receive and store cement in a 4500m 2 warehouse. B...
CRH forecasts record 2019 earnings
Ireland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the company's...
Iran to invest US$35m in new Iraqi plant
Khuzestan province is to invest US$35m in the construction of a cement plant in Al-Emareh, Iraq, announced the province’s Deputy Governor General for Coordinating Economic Affai...
US cement demand stable in August
Total shipments of cement and blended cement, including imports, in the USA and Puerto Rico were up slightly to 10.3Mt in August 2019 when compared with August 2018. The leading...
Dangote Cameroon sees 6% sales drop in 9M19
In the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent. "Our 1.5Mta clinker mill in Douala sold about 86...
Cemex reportedly looks to sell stake in Louisville plant
Cemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp an...
Spain's cement demand edged up 3% in October
Cement consumption in Spain increased by three per cent to 1.3Mt in October when compared with October 2018. The rise has been attributed to an increase in housing construction....
PPC's group revenue impacted by Zimbabwe
PPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from ...