PCA: new capacity projections unchanged
Previously announced plans of more than 6Mta of new capacity during 2016-18 remain unchanged, according to the Portland Cement Association’s (PCA’s) latest capacity report. Ther...
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JSW seeks to expand southern Indian presence
JSW Cement, a subsidiary of the JSW Group, is mulling the construction of a 4.3Mta cement plant in the Gulbarga district of Karnataka, reports Business Line (India). The project...
Spain’s cement market contracts 3% in August
Spain’s cement consumption fell by a further three per cent in August 2014 to 819,249t. In the first eight months of 2014 domestic demand registered a two per cent YoY fall to 7...
Cemex to buy back over US$950m of debt
Cemex said on Wednesday it would buy back more than US$950m worth of its debt from bondholders through a tender offer, as part of a wider plan under a new chief executive to red...
Saudi August dispatches rise 29.8% YoY
Saudi cement dispatches for August 2014 climbed to 3.96Mt, an increase of 29.8 per cent YoY and 47.8 per cent MoM, AlJazira Capital has stated in a report citing the data issued...
Lafarge to sell Russian plant to Buzzi Unicem
Buzzi Unicem, through its fully-owned subsidiary Dyckerhoff GmbH, has reached an agreement to acquire a 100 per cent interest in Lafarge's UralCement plant in Russia for an ente...
Hanson Building Products files for IPO
HeidelbergCement announced that its subsidiary, Hanson Building Products Ltd, has filed a registration statement with the US Securities and Exchange Commission for a potential i...
Raysut signs Somaliland jv terminal project
Omani producer Raysut Cement has announced that it has agreed a deal with Barwaaquo Cement of Somaliland to operate a joint venture terminal for the packaging and distribution o...
PCA: demand growth in 2014 and beyond
Cement consumption is expected to grow in the United States through 2014, followed by additional gains in 2015 and 2016, according to a recent Portland Cement Association (PCA) ...
Indonesian August sales higher
Indonesia cement sales jumped 37.4 per cent YoY to 4.7Mt in August 2014 on the back of higher demand from the property and infrastructure projects.