Cemex and GCC announce offering to sell 23% stake in GCC
Cemex, SAB de CV and Grupo Cementos de Chihuahua, SAB de CV (GCC) announced that they will commence offerings that are expected to include an aggregate of up to 76,483,332 share...
Weekly Newsletter
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Eagle Materials improves profit by 44 per cent
Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the first nine months to 31 December 2016 increased by 3.7 per cent to US$1.01b...
Algeria: thyssenkrupp awarded 6000tpd plant order
Société des Cements Sigus, a subsidiary of Groupe Industriel des Cements d'Algerie (GICA), has placed an order with thyssenkrupp Industrial Solutions for a new 6000tpd plant. Th...
Russia: Sibirsky Cement reports 17% drop in output
Production at the Russian cement company Sibirsky Cement fell 17 per cent YoY to 3.169Mt in 2016, said the company in a statement. The company attributed to declining sales to c...
UK: Ribblesdale plant begins GBP25m upgrade project
Hanson is implementing a seven-year project at Ribblesdale cement works in Clitheroe, Lancashire, to improve production efficiency and emissions. In the first six months of the ...
Zimbabwe: Redcliff plant complete
Chinese firm Mortal Investments Manufacturing has completed the construction of a US$20m cement plant in Redcliff, Zimbabwe. Initial production is slated to commence at the begi...
Saudi Arabia: Northern Cement profits down 57% in 4Q16
Northern Region Cement Co reported a 57.3% YoY decline in profits in the fourth quarter of 2016, according to the company's filing to the Saudi Stock Exchange (Tadawul).
Peru's sees 3.4% market contraction in 2016
Cement consumption in Peru fell 5.2 per cent to 836,000t in December 2016, according to Asocem, the country's cement association. Exports decreased 43.5 per cent to 27,000t from...
Colombia's cement consumption down 4.6% YoY in November
Cement demand in Colombia fell by 4.6 per cent in November 2016 to 1.019Mt when compared with November 2015, according to DANE, the country's statistics office. Output decreased...
Iran's cement industry is 'behind the times', says minister
Ambitious government plans were set out to boost cement production capacity to 120Mta from the current 80Mta by the end of 2025, as part of ambitious targets set in the 20-Year ...