Prosperity Indonesia plans new investment
Prosperity Indonesia, an engineering company from Hong Kong, plans to build its second cement plant worth US$400m in Tuban, East Java, at the end of this year, the Jakarta Glob...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Lafarge Tarmac gears up with new fleet of machines, UK
Lafarge Tarmac has made a multi-million pound investment in a new fleet of cutting edge equipment and machinery. The UK-based company has invested in 12 Volvo and 16 Vogele pa...
Najran to meet investors for riyal sukuk issue
Saudi Arabia-based Najran Cement plans to meet fixed income investors starting on Sunday for a riyal-denominated sukuk issue, the company said yesterday. Najran has appointed ...
Bolivia: Soboce raises bagged cement price
The price of a bag of cement produced by Bolivia’s Soboce increased 4.5 per cent or BOB2.50 to BOB58.50 in La Paz and by BOB3 to BOB58 in Oruro. Soboce has said the rise woul...
HeidelbergCement benefits from additional capacities
HeidelbergCement's first quarter turnover improved by 12.4 per cent to EUR2,835m and the EBITDA improved by 45.9 per cent to EUR299m and the trading profit jumped 183 per cent ...
FLSmidth reaches agreement to exit O&M contracts in Nigeria
In November 2013 FLSmidth signed a number of contracts with the Nigerian cement producer Dangote Cement PLC for operation and maintenance of production lines at their Ibese and...
Lafarge Africa 1Q revenue rises 15% YoY
Lafarge Africa Plc reported revenue of NGN57bn (US$286.36m) in the first quarter of this year, 15 per cent higher than the corresponding period of 2014. Profit after tax was NG...
China Tianrui increases stake in China Shanshui Cement
China Tianrui Group Cement last month increased its stake in China Shanshui Cement to 28.16 per cent, more than Shanshui founder Zhang Caikui. Fitch Ratings deemed the move a...
Votorantim Cimentos preps euro trade
Brazil's leading cement producer, Votorantim Cimentos, announced a new seven-year benchmark euro trade to be priced as early as this week. The deal is expected to be leverage-...
Lafarge makes renewed bid for environmental permit, Slovenia
Lafarge Cement (Slovenia) confirmed Wednesday it had filed a new request for an environmental permit, though it would not comment on the details of its filing, the Slovenian Pr...
CRH: good advance in North America
CRH's underlying sales in the first four months declined by around two per cent in Europe and increased by about eight per cent in the Americas during the first four months of ...
Semapa acquires 50% stake in Supremo Cimentos
Semapa and Secil, through its Brazilian subsidiary, entered into an agreement for the acquisition of a 50 per cent stake of the Brazilian company Supremo Cimentos. With this ac...
Raysut sees sharp fall in operating profit
Oman-based Raysut Cement Co said operating profit fell sharply by 26.7 per cent in the first quarter of 2015 due to a doubling of the price of natural gas supplied by the gover...
Mexico: Elementia plans 1.5Mta expansion
Mexico’s Elementia conglomerate announced it will invest US$250m to expand capacity at its Atotonilco de Tula plant in Hidalgo, operated by Cementos Fortaleza. Following comp...
CEMBUREAU: future EU-ETS must ensure growth and competitiveness for industry
The Alliance of Energy Intensive Industries has recently outlined its views to the European Commission regarding the strategic choices which need to be taken to ensure competit...
CMS grinding unit on track for 2016 commissioning
A new grinding plant by the CMS Group is progressing well with trial production scheduled for the end of 2015, according to the group's managing director. Richard Curtis told...
South Africa: PIC increases stake in PPC
The Public Investment Corporation (PIC) had increased its investment in PPC to 15.165 per cent, the South African cement producer yesterday. The PIC confirmed in December wh...
Vietnam Jan-April output climbs 5.3% YoY
Vietnam produced 19.9Mt of cement in the first four months of this year, up 5.3 per cent from a year ago, including 5.9Mt in April, the government-run General Statistics Office...
Vicat sees weak volumes in Europe & Turkey
Vicat's first quarter turnover emerged 0.1 per cent ahead at EUR537m, which represents an underlying decline of eight per cent. The cement turnover improved by 5.9 per cent to ...
LH clearance received in US and Canada
Lafarge and Holcim have received final approval for their proposed merger from the competition authorities in the USA and Canada. All competition approvals necessary for clo...
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