Brazil eight-month sales update
Cement sales in Brazil for the first eight months of 2017 fell by eight per cent YoY to 35.7Mt, according to preliminary industry data gathered by Sindicato Nacional da Indústri...
Weekly Newsletter
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PIC reportedly backs joint offer for PPC
PPC'S largest shareholder, Public Investment Corporation (PIC), is supporting a joint offer for South Africa's biggest cement-maker from domestic rival AfriSam Group and Canadia...
Argentina sees 7% rise in August demand
Cement consumption in Argentina increased 7.4 per cent to 1.122Mt in August 2017 from 1.044Mt in August 2016, according to the country’s cement association, AFCP. The organisati...
CNBM & Sinoma merger could complete by year-end
China National Building Material Group Co (CNBM) said that it will complete merging with China National Materials Group Corp (Sinoma) by December or early next year.
Vassiliko posts 5% 1H net profit rise
Cyprus-based Vassiliko Cement Works plc generated a net profit of EUR12.7m (US$15.3m) in the first half of 2017, representing a five per cent rise YoY from EUR12.1m in 1H16.
S&PGR upgrades Anhui Conch Cement
S&P Global Ratings (S&PGR) today raised its long-term corporate credit rating on Anhui Conch Cement Co. Ltd. (Conch Cement) to 'A' from 'A-'. The outlook is stable. "We raised t...
Loma Negra files for IPO
Argentine cement maker Loma Negra Corp has filed for an initial public offering, according to a SEC filing late Tuesday.
AfriSam submits revised PPC merger offer
South Africa’s cement maker AfriSam has submitted a revised merger approach to larger domestic rival PPC, the company said on Monday.
Cementos Progreso joins the CSI
Cementos Progreso of Guatemala has joined the Cement Sustainability Initiative (CSI) as its first affiliate member, a new level created this year by CSI to expand its membership...
ARM suffers heavy half-year losses
Kenya's ARM Cement Ltd announced a half-year 428.53 per cent increase in losses to KES1.41bn (US$13.5m) from KES266.78m during the same period last year.