Builders challenge cement price rise in southern India
The price of cement has gone up by INR100 per bag (USD1.61) over the last six months in Tamil Nadu, according to the Tiruchi branch of the Builders’ Association of India. The ...
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Votorantim announces 2015-18 investment plan
Votorantim Cimentos announces a new investment package which will see BRL5bn (US$1.6bn) invested in five new factories in Brazil, one in Turkey and one in Bolivia, as well as i...
US market picks up 12% YoY in January 2015
US market demand reached 5,355,378t, representing a 12.1 per cent increase on January 2014, according to preliminary figures by the US Geological Survey. Shipments of Portla...
India: CREDAI to import Chinese cement
Following the Telangana government's decision to impose a road tax on trucks from Andhra Pradesh and the spiralling hike of cement prices facing builders, the Confederation of ...
Algeria: construction on Hodna-PPC M’sila plant to start
Construction on the 2.2Mta plant in M'sila, a joint venture between Hodna Algerian Cement Co (HACC) and PPC (South Africa), will start soon, according to Abdelkrim Mansouri, di...
Vietnam cement sales down 0.5% in 1Q15
Vietnam's cement sales in 1Q15 slipped 0.5 per cent YoY to 10.6Mt as many projects started late after a long holiday and exports fell 35 per cent in March, according to the Con...
Lafarge and Holcim receive clearance from CCI on proposed merger
Holcim and Lafarge yesterday announced they have received clearance from the Competition Commission of India (CCI) on their proposed merger. A package of asset divestments has...
Dandot Cement reduces half-year loss
Dandot Cement Co reported a loss after tax of PKR342.24m (US$3.4m) in the first half of the current Pakistan fiscal compared to a loss of PKR 380.42m in the comparative period ...
Ciments du Maroc: Moroccan market to show little change in 2015
The Moroccan cement market is expected to show not much change in 2015 from the previous year, according to Mario Bracci, CEO of Ciments du Maroc. The Italcementi-owned cemen...
US shipments reach 88.4Mt in 2014
Portland and blended cement shipments in the US and Puerto Rico in 2014 reached 88.4Mt, up by about eight per cent YoY, latest data from the US Geological Survey (USGS) confirm...
Proposed Lebanon plant to be relocated
A cement factory that was set to be built in Zahle, Lebanon, will be relocated to another area, according to reports by the Daily Star (Lebanon). The planned cement factor...
Ecuador monthly sales down 10.3%
Cement sales in Ecuador in February 2015 were 0.436t, down 10.3 per cent compared to 0.486Mt recorded in January 2015. For the first two months of this year, accumulated sales...
Berenberg Bank lifts Italcementi to EUR7.10
Following the announcement of the 2014 figures of Italcementi, Berenberg Bank has increased its price target for the stock of Italcementi to EUR 7.10 from EUR 6.30 per share, b...
Colombia: Feb cement sales up 6.1%
Colombia saw a 6.1 per cent YoY rise in cement dispatches in February as 985,300t of the product were delivered, according to DANE, the national statistics office. The largest...
Aberthaw upgrade nears completion, UK
Lafarge Tarmac’s Aberthaw cement plant in Wales, UK, is in the final stages of its GPB2m upgrade programme and is set for completion during its annual shutdown later this month...
Environmental committee established for McInnis Cement plant
Following the mediation session, McInnis Cement, the CQDE (Centre québécois du droit de l'environnement), the CREGIM (Conseil régional de l'environnement Gaspésie-Îles-de-la-Ma...
India: Jan-March demand seen weak
Nomura says its interactions with cement dealers across India suggest demand was weak in the January-March period because of lower use of cement by government-related projects,...
Ashaka Cement pretax profit rises 84.5%
Nigeria's Ashaka Cement 2014 pretax profit rose 84.5 per cent to NGN5.25bn (US$26m) from year ago, the company said on Tuesday. Revenue declined by 2.58 per cent during the pe...
TPI Polene: solid growth prospects
TISCO Securities has reinitiate coverage of Thai cement producer TPI Polene with a ‘Buy’ based on exciting growth prospects. Coverage on TPIPL is reinitiated with a 'Buy' ra...
China Shanshui Cement 2014 revenue reaches CNY15,596m
China Shanshui Cement Group Ltd, the largest cement enterprise in the Shandong and Liaoning Provinces of China, recorded sales revenue of CNY15,596m (US$2516m) for the 12 month...
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