EAPCC receives backing to sell land assets
Kenya’s East African Portland Cement Co (EAPCC) has received Trade Ministry backing to sell off idle land, which will help the company recoup some of the KES15bn (U$146.3m) it s...
Weekly Newsletter
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Peru cement market expands 3% in October
Peru’s cement consumption advanced 2.9 per cent YoY to 1.02Mt, according to the country’s cement association, Asocem. Cement production by domestic producers fell by two per cen...
LKAB Minerals is set to acquire Francis Flower
LKAB Minerals of Sweden is working on a deal to complete the acquisition of Francis Flower by 3 December 2018. The Austrian Competition Authority gave clearance for the acquisit...
Colombian cement demand stable in September
Cement dispatches in September 2018 increased by 0.8 per cent YoY to 1.031Mt from 1.023Mt, according to DANE, the country’s statistics office. Demand growth was led by Córdoba, ...
New levy to increase input costs for Australian manufacturers
Australian manufacturers and industry groups have warned that a new "biosecurity levy" would increase costs by 3000-5000 per cent on the key inputs for cement production, alumin...
Cementos Argos reports 13% rise in 3Q net income
Cementos Argos revenues edged up 1.1 per cent to COP2218bn (US$692.6m) in the third quarter of 2018 from COP2194bn in the 3Q17. In terms of sales volumes, the company increased ...
Argentina's cement demand falls 10% in Oct 2018
Argentina's cement market contracted by 9.6 per cent YoY to 1,040,317t in October 2018, according to the latest data by the country’s cement association, AFCP. Deliveries by the...
US and Puerto Rican markets expand 6% in August
Total shipments of Portland and blended cements in the USA and Puerto Rico increased by 5.8 per cent in August 2018 when compared with August 2017, according to the latest figur...
Votorantim Cimentos sells 75% share in Shree Digvijay Cement
Votorantim Cimentos has agreed the sale of its 75 per cent stake in Shree Digvijay Cement Co Ltd (SDCCL) to Indian private equity firm True North. The sale requires the completi...
Titan is looking to move its main quote to Brussels and the management to Cyprus
In the first nine months of 2018,Titan's turnover declined by 1.8 per cent to EUR1101.9m and EBITDA was down by 8.2 per cent to EUR196.9m, while in the third quarter EBITDA was ...