Pacasmayo expects 5% sales rise in 2015
Peru’s Cementos Pacasmayo is positive about the year ahead as it expects sales to rise by five per cent. The company’s general manager, Humberto Nadal del Carpio, attributes ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Dewan Cement sales rise 23% YoY
Pakistan-based Dewan Cement Ltd (DCL) reported a 1.46 per cent decline in half-year profit to PKR202m (US$1.98m) compared to PKR202m a year earlier. However, sales increased...
KORFEZ awarded Italcementi project in France
KORFEZ ENG has signed a contract with Italcementi Group for the supply of a new second compartment mill shell lining for one of the cement producer’s plants in France. This sy...
Upbeat outlook for Siam Cement PLC
Kasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption ...
Swire Bulk Logistics enters partnership with Golden Bay
Swire Bulk Logistics, the industrial shipping division of The China Navigation Company (CNCo), has entered into a long term partnership with New Zealand’s Golden Bay Cement (GB...
Holcim to sell Siam City Cement stake, Thailand
Siam City Cement PCL (SCCC), Thailand's second-largest cement maker, said on Monday Holcim has decided to sell its 27.5 per cent stake in the company. SCCC said in a statement...
Lafarge uplifts its dividend proposal
Lafarge's Board of Directors has decided to fix the proposed 2015 ordinary dividend at EUR1.27 per share, the company announced in a statement. This adjustment aims at equalis...
US natural gas price to soften before recovery in 2016
As the US faces ample natural gas inventories and high production, US gas prices are expected to further soften this year. “We introduce an end of 2Q15 target of US$2.25/mBtu a...
Cementir shareholders approve capital hike
The shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five year...
Indonesia: producers' shares fall on Widodo price move
Shares of two of Indonesia’s leading cement producers have lost at least 13 per cent from their July 2014 peak following the decision by the country’s new president to impose p...
Deuna Zement signs agreement on Duen quarry
Contrary to the original plans, Germany-based producer Deuna Zement will now not quarry limestone from the 100m-wide strip of woods in Duen. This compromise and further concess...
Holcim sees 3% improvement in like-for-like net sales
Holcim increased net sales by three per cent on a like-for-like basis in 2014. Growth mostly resulted from price improvements in many regions, particularly in North America aga...
Lucky Cement first-half profit up 8.5%
Pakistan's leading cement producer, Lucky Cement, reported a profit after tax of PKR5.6bn (US$55.1m) during the first half of FY14-15 versus PKR5.16bn a year earlier. During...
Indian producers roll back prices
Indian cement producers have rolled back cement price increases announced in January due to a weaker than expected cement demand off-take. "The dispatch scenario is very glo...
UAE: Gulf Cement net profit down 11.3%
Gulf Cement, which is listed on the Abu Dhabi Securities Exchange, said last week it booked a net profit of KWD4.7m (US$15.9m), down 11.3 per cent from KWD5.3m a year earlier. ...
CCI clears LH merger on condition
The Competition Commission of India has reportedly given the green light to the Lafarge and Holcim merger on condition it divests divests some of its units, including limestone...
Ukraine: Volyn Cement net loss widens
Volyn Cement reported a net loss of UAH456.7m (US$16.3m) for 2014, compared to a loss of UAH46.9m during the year before. The Dyckerhoff subsidiary's assets came in at UAH1.14...
Cemex creates Cemex Energia
Cemex announced today the creation of Cemex Energia, an energy division that aims to develop a portfolio of power projects that will supply about 3-5 per cent of Mexico's elect...
DG Khan eyes new Pakistan plant construction
DG Khan plans to build a US$300m near Karachi as economic growth boosts cement demand in Pakistan. “There will be a shortage domestically in three years if there is 10 per c...
Tunisia: Carthage Cement cuts cement price
In the past few days, Carthage Cement has lowered the price of cement by TND6/t for bagged cement and TND10/t for bulk. For instance, a bag of OPC will now cost TND141,640/t wh...
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