Vietnam notes fall in exports in 2016
Vietnam exported 14.73Mt of cement in 2016, down 7.1 per cent YoY, according to the General Department of Vietnam Customs. Export revenues fell 16 per cent YoY to US$561m.
Weekly Newsletter
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Pakistan: US$400m British investment in new plant
British company Asian Precious Minerals (APML) announced plans to invest US$400m in a new cement plant in Khyber Pakhtunkhwa, Pakistan. The announcement was made during a meetin...
USA: Essroc-Lehigh acquisition
Following a US$4.2bn acquisition deal in June 2016, Essroc's Nazareth plant in Pennsylvania will feature signs saying it is now part of Lehigh Cement Co.
Saudi Arabia: lacklustre domestic demand creates price war
A drop in domestic demand caused by a downturn in government construction projects has triggered a price war among cement producers in Saudi Arabia, according to local newspaper...
Sri Lanka: production and imports spike in 9M16
Sri Lanka's combined cement production and imports were up 28.4 per cent YoY to 6.5Mt by October 2016, indicating a strong recovery in the construction sector.
India: Shree Cement board approves new 3Mta plant
Shree Cement Ltd on Monday said its board had approved a plan to build a 3Mta plant in Karnataka at a cost of INR18,000m (US$265.3m). The proposed plant is expected to be ready ...
Egypt: Arabian Cement to reduce US$ loans
The Arabian Cement Company plans to accelerate the repayment of US dollar loans owed to banks during the current year to decrease the total value of these debts to EGP40m (US2.1...
India Cements Ltd announce 3Q16 profits of US$519.6m
India Cements Ltd registered net profit at INR35,340m (US$519.6m) for the third quarter ending 31 December 2016 in the back of strong sales volume and lesser cost of production....
Pakistan: Attock Cement net profit of US$13.1m
Attock Cement Ltd has announced a net profit of PKR1.378bn (US$13.1m), translating into the earnings/share (EPS) of PKR12.03 for the half-year ended 31 December 2016, which is 1...
Spanish cement market contracts 3.1% in 2016
Cement demand in Spain closed at 11,140,639t in 2016, representing a 3.1 per cent YoY fall, according to Oficemen, the country's cement association. In December, domestic cement...