Bangladesh, Indonesia and Taiwan top Vietnamese importers
Bangladesh, Indonesia and Taiwan were the top importers of Vietnamese clinker and cement in the first two months of this year, the Vietnamese Ministry of Industry and Trade sai...
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Indocement plans to boost exports
HeidelbergCement-owned Indocement Tunggal Prakarsa expects to benefit from the depreciation of the currency in maintaining revenue amid the sluggish demand by pushing exports,...
Eurocement-Ukraine net loss widens
Eurocement-Ukraine (Kharkiv region) reported loss of UAH258.279m (US$10.3m) for 2014 compared to a loss of UAH 21.1m the year before. Ukrainian News reported that as at late 2...
Lafarge and Holcim agree on revised terms
Lafarge and Holcim are back on track with their proposed merger having reached an agreement on revised terms for the deal. Holcim demanded new terms earlier this week, stati...
KHD closes 2014 with EBIT advance
KHD Humboldt Wedag International AG (KHD) reported EBIT of EUR 1.1m in the 2014 financial year, despite slightly lower revenue. The German equipment manufacture yesterday said...
Lafarge Egypt and Orascom in waste management deal
Lafarge Egypt and Orascom Telecom Media and Technology Holding (OTMT) announced that they have signed a memorandum of understanding (MoU) to develop a waste management framewor...
Moody's: WCC's weakened 2014 results to have no impact on ratings
Moody's Investors Service says that West China Cement Ltd's (WCC) weakened 2014 results are in line with the rating agency's expectations and will have no immediate impact on t...
JSW may shelve Gulbarga investment, India
JSW Cement planning to shelve its plan to set up a 3Mta clinker plant at Chittapur in Gulbarga, Karnataka district, temporarily as the company's short-term goal is to ensure ...
AshakaCem Plc appoints new chairman, Nigeria
AshakaCem Plc, a subsidiary of Lafarge Africa Plc, has appointed Malam Suleiman Yahyah as its chairman. The appointment followed the expiration of the tenure of Alhaji Umaru ...
HeidelbergCement ‘confident’ on 2015 outlook
HeidelbergCement’s 2014 consolidated financial results show increases in revenue and operating income, and significant increases are expected for the year in hand. The group'...
Buzzi Unicem proposes to acquire SACCI
Buzzi Unicem is offering EUR120m for a 99.5 per cent stake in SACCI and the simultaneous relief of all outstanding liabilities from a previous debt restructuring agreement. Th...
Spain: February consumption up 8%
Spain’s demand for cement increased 8.3 per cent in February to 810,104t, when compared with February 2014, according to Oficemen, the country’s cement association. For the f...
Sri Lanka: Tokyo Cement plans expansion project
Sri Lanka-based Tokyo Cement plans to invest US$50m on a capacity expansion of 1Mta to help cater for local demand requirements. The group has already formed a new subsidiary...
Vietnam: Hoang Phat Vissai Group receives loan for project development
The Bank for Investment and Development of Vietnam (BIDV) has agreed to lend Hoang Phat Vissai Group VND6.3trn (US$296m) to to develop the Song Lam cement plant in the central ...
Reliance to sell part of cement division?
Reliance Infrastructure, part of the Anil Ambani-led Reliance Group, may sell half of its cement business to fund the acquisition of Pipavav Defence and Offshore Engineering. ...
Saudi calls for lift of export ban to supply Egypt
Saudi Arabia’s cement producers have again asked the government to lift a three-year-old ban on their exports so they can supply Egypt with 6Mt of cement, according to Jihad Al...
Moroccan cement sales dip 0.45% in Feb 2015
After registering a 5.61 per cent advance in domestic cement consumption in January 2015, Morocco’s cement market slipped 0.45 per cent to 1.137Mt in February, according to the...
Cemex aims to trim debt by US$1bn in 2015
Cemex is aiming to cut its debt by up to US$1bn this year. The company believes it can refinance US$2.9bn in bonds at a coupon of around nine per cent this year, according to a...
Joint-venture agreement signed for new Nepalese plant
China’s Hongshi Holdings Group on Tuesday signed a joint-venture (JV) agreement with Shivam Holdings Nepal to set up a NPR30bn (US$297m) cement factory. Hongshi Holdings will...
Fitch expects negative impact on Lafarge credit profile if Holcim merger fails
A failure of the proposed merger between Lafarge and Swiss Holcim would have negative effect on the credit profile of the French company, Fitch said. According to the rating ...
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