Elementia raises MXN3.93bn with IPO, Mexico
Mexican construction holding Elementia raised MXN3.93bn (US$250.15m) with its initial public offering (IPO) on 9 July 2015. The company set an initial price of MXN17 per sha...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CPA survey indicates construction product sales up in second quarter, UK
The Construction Products Association's (CPA) latest State of Trade Survey for the second quarter of 2015 indicates construction product manufacturers’ sales increased for a ni...
Thatta completes modernisation project, Pakistan
Thatta Cement on 13 July 2015 successfully started clinker production from its modernised plant situated in Thatta district, Sindh province, the company informed the Karachi St...
Kuwait Portland Cement Co earnings down 10% YoY
Kuwait Portland Cement Company earned KWD5.2m in the first half of this year (US$17.2m), or 55.1 fils per share, compared to KWD5.8m (61.12 fils per share) in the comparative p...
Lafarge China launches tender offer for Shuangma Cement
Sichuan Shuangma Cement said its controlling shareholder Lafarge China plans to launch a tender offer for its shares from other shareholders except Lafarge Shui On (Sichuan) In...
Morocco: cement demand falls 6.3% in June
Moroccan cement consumption fell a further 6.3 per cent YoY to 1.16Mt in June following a similar decrease in May. This brings cement demand over the first six months of this ...
Saudi producers' 2Q net profit drops
Saudi Cement reportedly dropped an 11.8 per cent in net profit for 2Q15 to SAR254m, from SAR288m in 2Q14. It attributed the fall in net profit to lower local sales without elab...
CEMBUREAU: ‘EU-ETS proposal needs to incentivise best performers’
CEMBUREAU has taken note of the Commission’s proposals on EU ETSii post-2020 and will now proceed to a more indepth analysis with a view to engaging in a constructive discussio...
US May shipments – preliminary figures
Portland and blended cement shipments in the US and Puerto Rico reached 7.8Mt in May, according to preliminary results from the US Geological Survey (USGS). Of the total domes...
Mitsubishi terminal expansion gets key backing, USA
Long Beach City Council has rejected environmentalists’ attempts to block Mitsubishi Cement Corp’s plans to reactivate and expand its Port of Long Beach Terminal in California,...
TPIPL to issue debentures to refinance debt
TPI Polene Plc (TPIP), Thailand's third-largest cement-maker, says it will issue five tranches of THB17bn (US$497m) worth of unsubordinated debentures to retail and institution...
Tank Connection: President and CEO transition
Tank Connection (TC) announced their President & CEO, Bill Neighbors will be stepping down in September. The company has just crossed the 500 employee mark and announced earlie...
LafargeHolcim officially launched around the world
LafargeHolcim today officially launches the new Group around the world and announces key elements of its ambitions for the future. Following the successful completion of the...
German cement consumption expected to fall 1.6% in 2015
German cement consumption is expected to decline by 1.6 per cent YoY in 2105 to around 26.7Mt, as local cement producers no longer anticipate being able to compensate for lower...
CESA awarded Algerian plant project
At the beginning of 2015, CESA – Cement Engineering SA – was awarded the contract for full engineering consultancy, construction and commissioning supervision for a new plant t...
Raysut Cement reports 30% drop in 1H profit
Raysut Cement reported a net profit of OMR10.97m (US$28.5m) for the first six months ended 30 June when it was OMR15.59m in the same period last year, a decline of 29.7 per cen...
Eurocement launches Ulyanovsk plant, Russia
Russia’s Eurocement Group has launched a 1.3Mta cement plant in the town of Sengiley, Ulyanovsk, regional Governor Sergei Menyailo told local reporters on Tuesday. Investments ...
Polish production up 4.1% in June
Cement production in Poland increased by 4.1 per cent YoY to 1.55Mt in June, while sales were up by 7.2 per cent to 1.59Mt, Poland's Cement Producer Association said in a state...
Carthage Cement sees 2014 rise in sales but 1Q15 slips
Carthage Cement experienced a positive start to 2014 although faced a more challenging market environment in the second half of the year, according to the company’s 2014 annual...
MPA welcomes publication of government Productivity Plan
MPA welcomes the Government’s initiative to improve UK productivity, which the trade body says is "a key to sustained long term growth." Issues such as the encouragement of pr...
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