National Cement's acquisition of ARM blocked
The acquisition of ARM Cement for US$50m by National Cement has hit a legal block. ARM's former CEO and leading shareholder, Pradeep Paunrana, has challenged the sale in the Hig...
Weekly Newsletter
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Algeria exports US$30m of cement in 5M19
Algeria has exported cement to the value of US$29.96m in the first five months of 2019, an increase of 849.6 per cent YOY, according to the Directorate of Studies and Customs Pr...
Cementos Pacasmayo announces 12% revenue increase
Peru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concre...
CDPQ to invest additional CAD150m in Ciment McInnis
Caisse de dépôt et placement du Québec (CDPQ) will invest a further CAD150m (US$115m) to Ciment McInnis, despite evaluating a possible divestment in the cement maker over the pa...
Sri Lanka-based Lanwa Sanstha Cement Corp orders two MVR mills
Lanwa Sanstha Cement Corp (Pvt) Ltd has awarded Gebr Pfeiffer SE the contract for two MVR cement mills for its plant in Sri Lanka. The two grinding facilities consist of an MVR ...
Spanish cement market expands 7% in May
Cement consumption in Spain increased 6.6 per cent YoY in May, reaching 1,333,698t, according to Oficemen. In the first five months of 2019, demand for cement advanced 13.7 per ...
CRH divests its European Distribution business for EUR1.64bn
CRH has agreed the divestment of its European Distribution business to private equity funds managed by Blackstone for an enterprise value of EUR1.64bn in cash, subject to regula...
Kenya's Savannah Cement plans KES5bn grinding plant in major expansion plan
Savannah Cement is currently undertaken a KES5bn expansion of its grinding plant at Kitengela, Kenya, according to the company’s MD, Ronald Ndegwa. The project sees the construc...
Spain's cement demand in May up, worsening trade balance
Cement consumption in Spain increased 6.6 per cent YoY to 1,333,698t, according to Oficemen, the country's cement association. In the first five months of 2019, the domestic cem...
NCLT approves Dalmia's acquisition of Murli Industries with conditions
India’s Dalmia Cement (Bharat) has received approval from National Company Law Tribunal (NCLT) Mumbai regarding its offer to save Murli Industries from liquidation. However, the...