Grupo Argos to issue preferential shares in 1Q15
Colombian holding Grupo Argos is planning to issue a base amount of 50m preferential shares in the first quarter of 2015 on the local and international markets, subject to the ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Macedonia: Cementarnica Usje net profit climbs 13% YoY
Macedonia’s sole cement producer Cementarnica Usje AD Skopje said its net profit for the first nine months of 2014 climbed by 13 per cent to MKD1.25bn (EUR20.2m). Operating r...
CRH's nine-month results show growth
In its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should b...
Venezuela: 600tpd cement works to be built in Yaracuy
To help alleviate Venezuela’s cement shortage a new cement plant, ‘Valeroso Peña’, will be built in Peña, Yaracuy. The 600tpd works will be constructed with assistance from Ind...
Cementir boosts pretax profit
Cementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes...
Kenya: EAPCC begins Athi River upgrade project
East African Portland Cement Company (EAPCC) has started the upgrade of its Athi River plant in Kenya as the company aims to improve reliability, increase production and enhanc...
Lafarge to acquire complete control of Unicem
Lafarge Nigerian Cement Holdings said on Monday it had entered into an agreement with Flour Mills of Nigeria to purchase a 30 per cent stake in United Cement Company of Nigeria...
Kuwait Portland Cement 9M14 net profit up 32% YoY
Kuwait Portland Cement’s net profit increased by 32 per cent in the first nine months of the year to KWD8.64m (US$29.7m) from KWD6.57m a year earlier, the cement trader said in...
Italcementi reduces nine-month loss
Italcementi's turnover declined by 3.1 per cent to €3,217.5m in the first nine months the year and the running EBITDA eased by 0.6 per cent to €469.3m. Very substantially lower...
Indonesian monthly consumption up 3.2%
Indonesian cement consumption increased by 3.2 per cent in October 2014 and year-to-date sales were ahead by 3.4 per cent. However, industry sources caution that sales may star...
US Jan-August shipments increase 7% YoY
Total shipments of Portland and blended cement in the United States and Puerto Rico for the year through August 2014 were 57.3Mt, up by about seven per cent from the same perio...
Buzzi Unicem's US profits grow
Buzzi Unicem's turnover for the first nine months edged ahead by 0.2 per cent to EUR1898.7m while EBITDA improved by 10.8 per cent to EUR302.5m. The trading profit was ahead...
Pakistan sales up 8.87% in first four months of FY14-15
Pakistan cement sales increased by 8.87 per cent to 8.197Mt during the first four months of the current fiscal year, latest data by All Pakistan Cement Manufacturers Associatio...
EU ETS: cement sector included on EU carbon leakage risk list
On 27 October, the European Commission adopted the list of sectors expected to be at risk of carbon leakage, which will be applicable for the period 2015-19. The list includes ...
Vietnam 10-month domestic sales up
Vietnam's total cement sales including exports increased six per cent YoY to reach 53.22Mt in the first 10 months of 2014, latest data from the country's Construction Ministry'...
UltraTech acquires 51% interest in Omani mining firm
UltraTech Cement Middle East Investments, a subsidiary of UltraTech Cement, has acquired a 51 per cent interest in Omani mining company Awam Minerals LLC. Awam Minerals posses...
Dangote Cement to reduce capex next year
Dangote Cement expects to slow its capital spending next year to around US$700m, as it completes most of its African expansion projects, its chief executive told Reuters on Wed...
Argentina: cement consumption rises 5% MoM but notes 3% YoY decline
The Argentine cement market expanded by 5.3 per cent MoM to 1,101,072t in October 2014 but contracted by 3.1 per cent YoY, according to AFCP, the national cement producers’ ass...
INC awards International Materials clinker supply contract
Paraguayan state-owned cement company Industria Nacional del Cemento (INC) has awarded International Materials the contract to provide 60,000t of clinker. International Mate...
Terra Cement signs joint venture agreement with Ore Mines International
Terra Cement Inc has signed joint venture agreement with Ore Mines International Pty Ltd in South Australia (OMI) to form a new company, under the name of Terra Cement Australi...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
