Cement News from International Cement Review


China Tianrui Group Cement shares drop 99%
Corporate - 10 April 2024

China Tianrui Group Cement shares drop 99%

China Tianrui Group Cement Co Ltd shares fell 99 per cent to around HKD0.05 (US$0.006) on 9 April, pushing its market capitalisation to HKD141m. About 281m, a third of the company’s shares, changed hands during the sell-off. Of this total, more than 80m shares were traded in the last minutes of the closing auction. The Cayman Island-incorporated company said trading in its Hong Kong-listed sha...

International - 12 April 2024

VNCA calls for government intervention in Vietnam cement industry

The Vietnam National Cement Association (VNCA) has reported that the country’s cement sector is in crisis, as a number of major players are at risk of bankruptcy or foreign acquisition, due to low production and consumption levels. Despite the country’s 61 cement production facilities having a capacity of approximately 117Mta, total consumption was only 87.8Mt in 2023, including a domestic ...

Trading - 08 April 2024

Bangladesh likely to break cement export target in 12MFY23-24

Bangladesh recorded 48.7 per cent YoY growth in cement export revenue to US$14.39m in the first nine months of FY23-24 (July 2023-March 2024) from US$9.68m in the same corresponding months of the previous year, according to the Bangladesh Export Promotion Bureau (EPB). This figure includes minor amounts of salt, stone, and related products. The 28.6 per cent YoY rise in cement exports also sur...

Freight Markets - 25 March 2024

USG Supramax rates seeing end-of-month decrease

By Brannvoll ApS, Denmark It was a positive start to the month for Supramax shipowners in the USG region. The rates were increasing on fronthaul routes on the back of the tight tonnage supply for prompt dates in the area. Meanwhile, the transatlantic segment looked quiet, and rates were flat. In the middle of the month, the market started being in stand-off. Quite a few fresh cargoes were a...

Corporate - 12 April 2024

National Cement secures finance facility

Kenya’s National Cement has secured a KES4.3bn (US$33.1m) facility from Stanbic Bank Kenya to finance a debt undertaken to construct a new clinker plant in West Pokot , reports The Star. According to the bank, the facility is designed to partially refinance National Cement’s foreign currency liabilities resulting from its recent expansion activities. “This transaction underscores our co...

Environmental - 11 April 2024

Aggregate Industries announces Port of Liverpool Super Shed

As part of a long-term plan to support increased demand for cementitious products across the UK construction market, Aggregate Industries (AIUK) has announced a significant investment into a new ‘super shed’ at the Port of Liverpool. Owned by the UK’s second-largest port operator, Peel Ports Group, the substantial new import facility will facilitate the storage of more than 40,000t of cem...

Recent Orders - 28 March 2024

MDG Americas supplies material handling and storage

Titan Cement , located in Medley, Florida , has initiated a project to add limestone to its existing cement production circuit. The project was designed by MDG Americas Inc and is in operation with three front end loader feed hoppers, three apron feeders, and three TRX surface feeders.  MDG Americas is also working with CEMEX to improve its coal/petcoke grinding plant process at one of ...