Savannah lines up new capacity investments
Savannah Cement, one of Kenya's newest market entrants, is set to build two new plants as it nears exhaustion of its current capacity, managing director, Ronald Ndegwa, said. Th...
Weekly Newsletter
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Two Conch subsidiaries hit September highs
Anhui Conch Cement Co Ltd reported that output and sales of its major subsidiaries hit record highs in September.
Indonesian Jan-Sept demand up 3.4% YoY
Indonesian cement demand in the first nine months of 2014 rose by 3.4 per cent YoY to 42.993Mt, latest data from the Indonesia Cement Association (ASI) reveals. Strong gains hav...
Mitsubishi plans CA terminal expansion, USA
Mitsubishi Cement is seeking to expand the footprint of its import terminal at the Port of Long Beach, California, for the more efficient handling of operations. Port officials ...
SA watchdog puts condition on merger approval
The Competition Commission of South Africa has consented to the merger of Holcim and Lafarge SA on condition that Holcim divests of the shareholding in Afrisam within three year...
TCL downgraded by Fitch Ratings
Trinidad Cement Ltd (TCL) has been downgraded by Fitch Ratings, just days after Standard & Poor’s (S&P) also lowered its corporate credit rating on the Caribbean-based producer.
PCA: economic indicators trend upward
Strong US second-quarter GDP figures, which have been revised upward, further realign economic growth with many indicators that suggest continued, steady improvement, recent PCA...
Cementos Argos board approves bond issue
The board of Cementos Argos has authorised a bond issue of up to COP1trn (US$493m), proceeds from which will be used for working capital and debt payments, the company said in a...
S&P's downgrades Trinidad Cement Ltd
Standard & Poor's Ratings Services lowered its corporate credit rating on Trinidad Cement Ltd Group (TCL) to 'D' from 'B'. The downgrade reflects TCL's missed debt service payme...
Turkey: CRH and Eren Holdings plan sale of JV
CRH and its Turkish partner Eren Holdings have applied to Turkey's competition regulator to sell their joint venture, Denizli Cimento, to army pension fund OYAK Group, according...