Ambuja to invest internal funds for expansion
Ambuja Cements, part of the Holcim group, plans to spend around INR8bn (US4133m) in 2014 from internal funds to partially finance its ongoing capacity expansion projects.
Weekly Newsletter
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Indonesia 1Q14 sales growth slows
Indonesian cement consumption slowed during the first quarter of this year despite a strong rebound in March sales, latest data by the Indonesia Cement Association (ASI) shows.
Spain: cautious outlook maintained
Cement demand in Spain registered its first monthly growth since the recession started as it reached 875,000t in March, up 16 per cent YoY, according to Oficemen data. However, ...
Groundbreaking ceremony for Ravena revamp
Lafarge North America Inc hosted a groundbreaking event on Friday for the multi-million dollar modernisation project at its Ravena cement plant in New York. The modernisation pr...
Cemex completes financing for wind farm project
Cemex has successfully completed the financing of Ventika, a project comprising the construction of two 126MW wind farms each, for a total nominal capacity of 252MW, to be locat...
Argos acquires French Guiana assets
Colombia's largest cement maker, Argos, said on Wednesday it will pay EUR50m to acquire Ciments Guyanias, owned equally by Lafarge and Holcim, just two days after the European m...
Brazil: Votorantim Cimentos plans bond buyback
Votorantim Cimentos yesterday unveiled plans to buy back up to US$1.03bn in overseas bonds due 2017, according to a banker close to the transaction.
DG Khan plans Balochistan plant, Pakistan
DG Khan is expected to begin construction of a new 2.5Mta plant at Hub, located in the Lasbela district of Balochistan, next year, to lift its market share in the south of Pakis...
Holcim Indonesia to integrate two subsidiaries
Holcim Indonesia plans to integrate two subsidiaries as part of efforts to improve operational efficiency, the company said in a statement on Friday. The Indonesian division of ...
French cement market advances 6.6% in 1Q14
Cement consumption in France increased 6.6 per cent to 4.386Mt in 1Q14 compared to 4.115Mt in the same period of last year, according provisional data released by French cement ...