New Guinea-Bissau grinding plant seeks IFC loan
HeidelbergCement subsidiary Scancem, in partnership with Maxime Cardoz, a private investor from Senegal, has applied to the IFC for a loan of EUR11m to help finance Guinea-Bissa...
Weekly Newsletter
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CRH announces 2014 acquisition spend of EUR0.19bn
CRH announced a total 2014 acquisition and investment spend of EUR0.19bn, reflecting the completion of 21 transactions. On the divestment front, the group undertook 16 transacti...
Hope celebrates second anniversary with major investment
Hope Construction Materials is investing GBP14m (EUR17.9m) to boost production at its Hope Works cement plant in the Derbyshire Peak District, UK. The company, which yesterday c...
Argentine cement market contracts 3.5 per cent in 2014
In December 2014, Argentina’s cement demand fell 10.4 per cent MoM and 2.5 per cent YoY to 892,313t, according to the latest data from AFCP, the Argentine cement association.
South Africa sees pick-up in 3Q cement sales
South African cement sales rose by 4.6 per cent to 3.39Mt in the third quarter of 2014 after contracting in the previous two quarters, industry data released by the country’s le...
Semen Indonesia outlines 2015 capex plans
PT Semen Indonesia Tbk has prepared capital expenditures worth IDR7-9trn (US$550m-706m), to fund new plants, upgrades and possibly further international expansion.
Holcim and Cemex close their series of transactions in Europe
Holcim and Cemex today announce the successful closure of their series of transactions in Europe. Holcim acquired Cemex’s operations in western Germany and The Netherlands while...
Cemex to increase capacity of Costa Rica cement works
Cemex Latam Holdings (CLH) is to increase cement capacity of its plant located in Colorado, Costa Rica by approximately 25 per cent, reaching a capacity of 1.1Mta by 2017. The t...
Dangote reverses price cut
Just over a month after initiating a dramatic price cut, Dangote Cement has raised prices again in Nigeria.
Peru's Gloria Group acquires control of Soboce, Bolivia
Peruvian conglomerate Gloria Group has acquired an outstanding 51.35 per cent stake in Bolivia's largest cement producer Sociedad Boliviana de Cemento (Soboce) for US$300m. Glor...