Grupo Argos raises US$509m in bond sale
Grupo Argos, the parent company of Colombia's leading cement producer Cementos Argos, has raised COP1trn (US$509.4m) in a bond sale on Wednesday that was more than doubly oversu...
Weekly Newsletter
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Ashaka Cement stake changes hands
Lafarge Group has sold 58.61 per cent of its stakes in Ashaka Cement Plc to Lafarge Africa Plc in a deal valued at NGN41bn (US$252m).
EC clears Holcim and Cemex Spanish deal
The European Commission (EC) has cleared, under the EU Merger Regulation, the proposed acquisition of Holcim’s Spanish operations by Cemex, the last of three transactions under ...
Dubai to acquire interest in Dangote Cement
Investment Corporation of Dubai (ICD), the main investment arm of the Emirate of Dubai, has agreed to purchase a minority interest in Nigeria's largest cement manufacturer, Dang...
Dangote rolls out price cuts, Nigeria
Dangote Cement yesterday said it has reviewed the price of its cement in Nigeria and announced a price cut of NGN100 (US$1)/50kg bag.
Cemex seeks to refinance some bank debt
Cemex said Wednesday it is negotiating with a number of banks to refinance part of its outstanding bank debt, saying hopes to finalise the pact by the end of October.
Iran’s output surpasses 29Mt in first five months
Iran’s cement output totalled 29.504Mt in the first five months of the current Iranian calendar year beginning 21 March 2014, the country’s Mehr News Agency reported. During the...
Heracles profit lifted by exports, demand pick up
Greece-based Heracles General Cement Co reported a 9.3 per cent YoY increase in sales for the first half of 2014 to EUR123.4m. At the parent company level, sales reached EUR110....
Semen Indonesia Myanmar investment delays
Semen Indonesia may have to postpone expansion into Myanmar until next year due to prolonged negotiations with its local partner, a company executive told the Jakarta Post. Fina...
Unicem kicks off Mfamosing expansion project
The groundbreaking ceremony for United Cement Co of Nigeria’s (Unicem) new 2.5Mta line at its Mfamosing works took place on Tuesday, 2 September 2014 in the presence of the coun...