Venezuela: Yaracuy mini-plant online 1H16
Construction on the new cement works at Barranco Amarillo in Peña, Yaracuy state, is expected to be completed in the first half of 2016. The plant, with a capacity to produc...
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Saudi's Najran Cement sells SAR400m through an Islamic bond
Saudi Arabia’s Najran Cement has raised SAR400m (US$106.7m) through an Islamic bond of five years duration, it said in a statement on Sunday. The sukuk was privately placed wi...
Côte d’Ivoire to import 90,000t of cement
Côte d’Ivoire will import 90,000t of cement as the country tackles its cement shortage, according to the country’s government. The shipment is the first of a total import opera...
VNCA expects 4% rise in 2015 sales
Vietnam's Ministry of Construction expects a four per cent YoY rise in cement and clinker sales in 2015 to 74Mt, comprising 53Mt of domestic sales and exports of 20Mt. Latest...
Qalaa Holdings topline growth boosted by ASEC Cement's Sudan subsidiary
Qalaa Holding reported a 43 per cent rise in revenue for the three months to the end of March 2015 to EGP1947.5m and an eight-fold surge in EBITDA growth to EGP275.8m. The c...
MPA: Facts at a Glance
At its 6th Members’ General Assembly held on Wednesday, the MPA released the third edition of its ‘Facts at a Glance’ publication, offering a comprehensive insight into the e...
Morocco sees 8.5% market contraction in May
Moroccan cement sales fell 6.3 per cent MoM and 8.5 per cent YoY in May 2015 to 1,266,114t, according to Ministry of Housing. The latest figure effectively neutralises any gro...
Vicem monthly dispatches advance 10% YoY
State-owned Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, said its cement and clinker sales in May advanced 10 per cent YoY to 2.01Mt. ...
Cement sales in Cyprus fall over first five months
Cement sales in Cyprus fell 10 per cent from January to May compared to the same period a year ago to 170,684t, Cystat, the country’s statistical service, said. In May alone, ...
Semen Indonesia May sales down
Indonesia's largest cement maker, PT Semen Indonesia Tbk, said its sales in May were down 13.9 per cent from the last year at 1.98Mt, Indonesia Finance Today reported, quoting ...
China: Hubei producers may default on carbon obligations
Cement producers participating in the carbon market in China's Hubei province have told the local government they cannot afford the millions of yuan required to buy permits to ...
Lafarge Cement Zimbabwe secures additional funding for plant upgrades
Lafarge Cement Zimbabwe has secured approval from its parent company, Lafarge Group, to invest an additional $5m on plant upgrades this year. The cement maker last year announc...
Ghana cement producers' association formed
Local cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of it...
Tunisian cement demand falls 6.5% in 4M15
In the first four months of 2015, the Tunisian cement marked contracted by 6.5 per cent YoY to 2.4Mt, according to the latest data revealed by Taoufik Khardani, deputy director...
Zuari Cement plans to increase Indian presence
Zuari Cement, part of the Italcementi Group, is looking to increase its presence in India ahead of an anticipated increase in domestic consumption. The company has plans to ...
Norm Sement plans to begin oil well cement production in 2016
Azerbaijan-based producer Norm Sement plans to start producing oil well cement from 2016 to reduce reliance on imports, Hasan Yalcinkaya, CEO of the company, said at a briefing...
China Shanshui Cement new loans suspended
China Shanshui Cement Group Ltd said some banks have halted new loans and suppliers are demanding immediate repayment after a court put one of the cement maker’s main sharehold...
CRH reportedly to take part in preliminary bidding for South Korean producer
CRH announced it will take part in the preliminary bidding for Tongyang Cement scheduled on the 12 June after selecting Goldman Sachs as an underwriter, according to local pres...
HeidelbergCement announces new mid-term strategic priorities and financial targets
HeidelbergCement has announced new mid-term strategic priorities and financial targets for the five-year period until 2019 in advance of hosting its Capital Markets Day 2015 in...
Camargo Correa reportedly looking to sell stake in InterCement
Camargo Correa is looking to sell a stake in cement maker InterCement for up to BRL3.6bn (US$1.2bn) to make new overseas investments, according to a report in Brazilian daily n...
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