Philippines: Bullish Ordoñez opens Cemtech Asia
The Philippines will see cement consumption continue its upward momentum as the incoming Duterte administration maintains its predecessor's focus on public works. That was the m...
Weekly Newsletter
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India: Jaypee Group still needs to reduce its debt level
For the promoters of Jaypee group, the aggressive expansion during the last decade has cost them dearly. The Delhi-based group had to sell profitable assets to remain afloat eve...
USA: clearance for Italcementi acquisition
On 17 June 2016, the United States Federal Trade Commission reached an agreement with HeidelbergCement AG and Italcementi SpA allowing the merger between the two companies to pr...
Philippines: Cemex Holdings Philippines IPO will raise US$526m
Cemex Holdings Philippines (CHP), a subsidiary of Cemex, will on Tuesday launch an initial public offering to raise up to US$526m, reports Reuters.
PPC planning for the long term
South Africa's cement market expanded 7.7 per cent in 2015, but a more competitive environment including new entrants and imports has placed pressure on incumbents, not least th...
Cembureau: European cement output up 0.9% in 2015
According to the latest figures available, European cement production recorded a moderate growth of 0.9 per cent in 2015, compared to the previous year. This translates into 248...
PPC sees six-month revenues and volumes flat
In its trading figures for the six months to 31 March 2016, PPC saw its operating profits fall by three per cent to ZAR733m (US$48m). Revenues were flat at ZAR4501m (US$294m), d...
Shipping market set for multi-year recovery
Despite bouncing back from the historic lows seen in February 2016 (290 points on 10-11 February), the Baltic Dry Index (BDI) continues to experience downward trends, as seen in...
LafargeHolcim plans further asset sales
It has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year bu...
Venezuela: output at 16% of year forecast
Venezuelan cement producers have manufactured around 112,000t of cement in May, according to El Mundo or some 16 per cent of the forecast year total.