EU clears Lafarge and Holcim merger, subject to asset disposals
Lafarge and Holcim have received clearance from the European Commission (EC) for their proposed tie-up, marking a key milestone in the merger process. The decision is conditiona...
Weekly Newsletter
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Guyana’s first integrated plant officially opened
Caricom Cement Company Inc has officially opened the first cement plant in Guyana in the presence of Prime Minister Samuel Hinds. The plant, situated in Everton, East Bank Berbi...
LSR to sell Slantsy cement plant to Eurocement
LSR Group is selling its Slantsy plant in the Leningrad region of Russia to the country’s leading cement producer, Eurocement Group. The parties have signed preliminary sales ag...
Indonesian: expected sales rebound ahead
Indonesian cement demand growth is expected to slow in 2014 but sales are anticipated to rebound next year as new projects get underway.
UltraTech re-evaluating Brazil asset bid
Indian cement major UltraTech Cement is reportedly re-evaluating its decision to bid for the Brazilian assets put on the block by Holcim and Lafarge ahead of their planned merger.
ARM secures loan to finance expansion
ARM Cement has secured a KES4.5bn (US$50m) loan from CFC Stanbic Bank to finance its expansion plans. “The credit adds to our existing facilities and will be used in current and...
Lafarge in Ashaka buy-out offer
Lafarge Africa has offered to buy out minority shareholders in Ashaka Cement Plc. The move follows the merger Lafarge Africa’s Nigerian and South Africa businesses, which receiv...
US September shipments up 14% YoY
Total shipments of Portland and blended cement in the US and Puerto Rico during September 2014 were 9Mt, up by nearly 14 per cent compared to the same month of the previous year...
Pakistan monthly sales up 11% YoY
Pakistan’s cement dispatches rose by 11 per cent YoY in November 2014 to 3Mt largely thanks to higher domestic demand and exports from the northern region.
Indonesia: PT Conch South Kalimantan cement plant on-stream
PT Conch’s greenfield cement plant has come on-stream in South Kalimantan, Indonesia, with an installed capacity of 1.5Mta. Construction of the factory began in 2012 and has inv...