Dalmia to acquire Jaiprakash Bokaro stake
Jaiprakash Associates Ltd (JAL) is to sell its 74 per cent stake in its Bokaro Cement joint venture to Dalmia Cement (Bharat).
Weekly Newsletter
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Lafarge Brasil inaugurates Rio de Janeiro plant
Lafarge has inaugurated a new cement plant in Santa Cruz, in the western zone of Rio de Janeiro, Brazil. In its first year of operation the plant will produce some 500,000t of c...
West China Cement ratings upgrade
Moody's Investors Service has changed the outlook of the B1 corporate family rating and B1 senior unsecured bond ratings of West China Cement from negative to stable. At the sam...
Thailand demand growth to halve in 2014
The protracted political crisis in Thailand is impacting the domestic construction market, and cement consumption is expected to grow at half the rate expected, according to Pre...
MPA: Budget generally positive, concerns remain
Reacting to the UK Budget 2014 announcement earlier this week, the Mineral Products Association (MPA) said the measures outlined are generally positive for the mineral products ...
ASEC in talks to sell Zahana stake, Algeria
ASEC Cement, a subsidiary of Citadel Capital, is looking to divest its minority stake in Zahana Cement Company of Algeria. In a statement released yesterday, Citadel Capital sai...
Spanish demand falls short of forecasts
Cement demand in Spain fell 9.8 per cent YoY in February 2014 to 773,293t, according to the latest data released by domestic cement association, Oficemen. Over the first two mon...
Indocement outlines capex to raise capacity
PT Indocement Tunngal Prakarsa, the second-largest cement producer in Indonesia, plans IDR4-4.5trn (US$349m-393m) in capital expenditure to increase capacity and lift market share.
Iran cement prices set to increase
Iranian cement prices are set to increase by 14-21 per cent in the next Iranian calendar year (starting 21 March 2014), local press have reported.
Indonesia February cement sales advance
Indonesian cement sales rose 2.7 per cent last month to 4.4Mt from a year earlier, state-owned Semen Indonesia announced, citing data from Indonesia Cement Association (ASI).