Scotiabank forecasts 6% growth in Peru’s cement demand
Cement consumption in Peru is predicted to expand by around 6.5 per cent in 2019, according to Scotiabank. The bank attributes the third-consecutive annual rise to a higher leve...
Weekly Newsletter
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CNBM and Fives seal collaboration agreement
CNBM and Fives have defined an agreement for areas of collaboration to benefit from either company's expertise or technologies. The parties will together explore a range of inte...
Lucky Cement records net profits of PKR5.8bn for 2H18
Lucky Cement Ltd reported net profit after tax of PKR5.80bn (US$41.47m) after taking out PKR0.34bn attributable to non-controlling interests for the half year ended 31 December ...
SCG records 6% rise in revenue for 2018
Thailand’s Siam Cement Group (SCG) announced a six per cent YoY rise in sales revenue to THB478.4bn (US$15.3bn) for 2018. However, profit for the year decreased 19 per cent from...
Kazakhstan becomes net exporter of cement
Kazakhstan became a net exporter of cement in 2018. During 9M18, domestic cement producers exported more than 1.4Mt of cement with a total value of US$71.5m, almost doubling the...
Cementos Bio Bio announces new plant in Peru
Chile's Cementos Bio Bio has announced that it will invest approximately US$20m in the construction of a new grinding plant at the Port of Matarani in southern Peru. The plant's...
LafargeHolcim could seek up to US$2.5bn for its Philippines business
Shares of Holcim Philippines have been rising steeply as LafargeHolcim is believed to be considering the sale of its Philippines business unit to further reduce group debt. Lafa...
Cherat Cement Company completes third line
Cherat Cement Company Ltd (CCCL) informed Pakistan Stock exchange (PSX) earlier this week that it has successfully installed and commissioned the third production line, which ha...
FLSmidth signs contract for 5000tpd Ethiopian plant
FLSmidth has signed a contract with Abay Industrial Development SC for a greenfield cement plant near Dejen, Ethiopia. The order is valued at around EUR100m and includes the del...
Republic Cement to commission two new cement mills in 2019
Philippines-based Republic Cement Services Inc (RCSI) plans to commission two finish mills this year, adding 2Mta to its 7Mta current capacity. The investment is estimated to ha...