Barclays raises target price for CRC, maintains rating
Barclays Research raised its target price for China Resources Cement to HK$5.91 (US$0.76) from HK$5.79 and maintained its "equal weight" rating. Despite the strong cement pri...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Semen Indonesia scales back full-year growth target
PT Semen Indonesia has reduced its 2014 sales growth target from 5-6 per cent to 4-5 per cent due to a slowdown in cement sector, its corporate secretary, Agung Wiharto, said. ...
UltraTech Cement appoints two additional independent directors
UltraTech Cement Ltd, India's largest cement producer, on Monday said it has appointed Renuka Ramnath and Sukanya Kripalu as additional independent directors on its board. The...
Semen Indonesia set to acquire land for new Papua plant
PT Semen Indonesia will soon acquire 500ha of land in West Papua for the construction of a cement plant at a cost of around US$150m. Semen Indonesia corporate secretary Agung ...
Mika Cement resumes production, Armenia
Armenia-based producer Mika Cement, which has not functioned since April 2014, has resumed production having paid off its main debts. Naira Martirosyan, director of the plant ...
Asia Cement (China) expects 30% rise in nine-month profit
Asia Cement (China) Holdings Corp said Friday its profit for the nine months ending in September is expected to increase 30 per cent YoY. The company said in a statement that ...
Unitherm has successfully delivered several burners to Egypt
As part of the of the country's fuel diversification, Cemex Egypt awarded Unitherm Cemcon with the delivery of three MAS burners. These burners range from 97-105MW and are capa...
Paraguay: INC to halt kiln as it replaces refractory
Paraguay’s Industria Nacional de Cemento (INC) will halt its kiln at Vallemí to complete the replacement of its refractory. However, the maintenance will not affect output, w...
Two Conch subsidiaries hit September highs
Anhui Conch Cement Co Ltd reported that output and sales of its major subsidiaries hit record highs in September. The company's Foshan subsidiary in south China's Guangdong ...
Lafarge and Holcim merger 'on track', set to request EU approval
Lafarge and Holcim are about to request approval from the European Commission for their planned merger, Lafarge Chief Executive Bruno Lafont told reporters on Thursday. "We ar...
Indonesian Jan-Sept demand up 3.4% YoY
Indonesian cement demand in the first nine months of 2014 rose by 3.4 per cent YoY to 42.993Mt, latest data from the Indonesia Cement Association (ASI) reveals. Strong gains h...
Asia Cement anticipates pick-up in Thai demand
Thailand-based producer Asia Cement said it expects a pick-up in demand from late this year and into 2015 due to the government’s stimulus package and the launch of infrastruct...
Deutsche Bank upgrades Adelaide Brighton, Australia
Deutsche Bank has upgraded Australian building materials supplier Adelaide Brighton to hold from sell, citing recent share price underperformance. However, Deutsche continues t...
Hoang Mai Cement expects revenue at US$80m this year
Hoang Mai Cement JSC (HOM), an affiliate of Vietnam Cement Industry Corporation (Vicem), forecast its net revenue at VND1.7trn (US$80m) and pretax profit at VND45bn, thank to a...
Peruvian firms tumble on concerns of slowing shipments
Peruvian cement makers slumped on concerns of slowing building materials sales while the government scales back infrastructure spending. According to reports by Bloomberg, Cem...
Mexican and Colombian imports to help meet Nicaragua project
Imports from Mexico and Colombia can ensure the supply of cement for the Gran Canal Interoceanico project in Nicaragua, according to the president of the High Council of Privat...
Industry majors reportedly teaming up for LH asset disposals
CRH is reportedly teaming up with Cemex to bid for all the assets that Lafarge SA and Holcim Ltd will have to sell to secure the approval of European competition authorities fo...
Mitsubishi plans CA terminal expansion, USA
Mitsubishi Cement is seeking to expand the footprint of its import terminal at the Port of Long Beach, California, for the more efficient handling of operations. Port official...
CEMBUREAU & Birdlife call for no changes to rules that protect European nature
CEMBUREAU, the European Cement Association and BirdLife have appealed to the president of the European Commission to "not change the rules that protect European nature”. In a...
Steppe Cement reports 5.7% rise in 3Q revenue
Kazakhstan cement producer Steppe Cement Ltd Thursday reported third-quarter 2014 revenue of KZT7.65bn (US$42m), higher than the KZT7.24bn reported in the same period the previ...
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