Moody's upgrades Eagle to Investment Grade
Moody's Investors Service upgraded the senior unsecured debt ratings of US-based Eagle Materials Inc to Baa3 from Ba1. The rating outlook is stable.
Weekly Newsletter
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Holcim New Zealand posts full-year loss
Holcim New Zealand, reported a loss of NZD12.3m (US$8.9m) for 2016 from a profit of NZD80m in the previous year, as it transitioned from ceasing cement production from its Westp...
4M17 sales retreat 5.3% in Morocco
Cement sales in Morocco have fallen 5.3 per cent in the first four months of 2017 YoY following a 3.5 per cent rise the previous year, according to the Moroccan Economics and Fi...
Peru cement market contracts 2% in May
Peru’s cement demand reached 774,000t in May, reflecting a two per cent drop YoY, according to Asocem, the country’s cement association. Total deliveries, including exports, dec...
Daehan acquired by South Korea's leading producer
Ssangyong Cement Industrial Co of South Korea has purchased Daehan Cement Co, the country’s largest blastfurnace slag cement producer at KRW265bn (US$232.8m). The acquisition wi...
Gharibwal WHR plant starts operations
Gharibwal Cement Ltd has started operations from its 20MW waste heat recovery (WHR) system as well as a conveyor belt at its plant located in Chakwal district, Punjab Province, ...
McInnis produces first cement
McInnis Cement announced the production of the first cement on Friday, 16 June 2017, in line with the company’s schedule. “This important milestone marks the work of hundreds of...
CSI and ECRA publishes new technology papers
The Cement Sustainability Initiative (CSI) and the European Cement Research Academy (ECRA) have released their new "CSI/ECRA Technology Papers 2017" to update the perspective of...
Taiwan plans to lower cement cap on exports
The government of Taiwan plans to lower the cap on Taiwan's cement exports from over 20 per cent of total output to 15 per cent to help protect the environment, Vice Minister of...
S&P puts Cemex ratings on Watch Positive
S&P Global Ratings has placed its 'BB-' global scale and 'mxA-/mxA-2' national scale ratings on Cemex on CreditWatch with positive implications. The recovery rating on all Cemex...