SA watchdog puts condition on merger approval
The Competition Commission of South Africa has consented to the merger of Holcim and Lafarge SA on condition that Holcim divests of the shareholding in Afrisam within three ye...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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TCL downgraded by Fitch Ratings
Trinidad Cement Ltd (TCL) has been downgraded by Fitch Ratings, just days after Standard & Poor’s (S&P) also lowered its corporate credit rating on the Caribbean-based producer...
Holcim Vietnam plant to take toxic oil
Authorities in Vietnam’s northern province of Quang Ninh will remove 7000l of toxic oil from the edge of the Ha Long Bay and dispose of it at Holcim's cement plant in Mekong De...
Cemex reaches agreement regarding Alcanar, Spain
Cemex has reached an agreement with the Santi Vila authorities to keep running its Alcanar works in Tarragona, Spain. In return the Generalitat commits to dredge the port of B...
UltraTech reportedly eyeing further Jaypee units
UltraTech Cement is believed to be looking at possible acquisition of Jaypee Group's three cement plants in Madhya Pradesh, according to local press reports. While investment...
GHACEM cuts prices on appreciation of cedi
GHACEM, the leading cement producer in Ghana, has reduced the price of cement following the recent appreciation of the cedi against major international currencies. The ex-fac...
Pakistan first-quarter dispatches up 4.86% YoY
Pakistan's total dispatches for the first quarter of the current fiscal increased by 4.86 per cent YoY as domestic sales offset lower exports. Domestic sales increased by 9....
Belarus intends to increase exports to Russia
Belarus intends to export more cement to Russia in the years ahead, according to Vice Prime Minister of Belarus Anatoly Kalinin At a meeting with Russia's leading producer Eu...
PCA: economic indicators trend upward
Strong US second-quarter GDP figures, which have been revised upward, further realign economic growth with many indicators that suggest continued, steady improvement, recent PC...
Cementos Argos board approves bond issue
The board of Cementos Argos has authorised a bond issue of up to COP1trn (US$493m), proceeds from which will be used for working capital and debt payments, the company said in ...
Argentina records stable September sales
Argentina’s cement plants dispatched 1,054,294t of cement (including exports) in September 2014, according to the latest figures by the country’s cement association, AFCP. Thi...
Hope Construction Materials opens its first greenfield quarry, UK
Hope Construction Materials, Britain's leading independent supplier of aggregates and concrete, has announced the opening of its first new, greenfield quarry as part of its UK ...
Century Textiles Manikgarh unit starts production
Century Textiles & Industries has commenced production and started cement dispatches from its Manikgarh Cement Unit No II as of 26 September 2014. The new facility, which is a...
Lafarge Mahaweli to construct new Seychelles silo
Lafarge Mahaweli Cement has contracted Dynamic Technologies, a Sri Lankan contractor, to develop a 4000t cement silo in the Seychelles. Dynamic Technologies has enjoyed a lon...
Vulcan expands through acquisitions, USA
Vulcan Materials Company, the biggest construction aggregates producer in the US, completed six acquisitions during its third quarter to expand its aggregate operations. Thes...
Senior appointments at Gujarat Sidhee Cement, India
VR Mohnot has been appointed as Chief Financial Officer & Company Secretary of Gujarat Sidhee Cement effective 1 October 2014. In addition,. Anupama Pai has been named Complian...
Southeast Asian producers eye eastern Indonesian investments
A number of Southeast Asian companies are reportedly eyeing the construction of cement plants in eastern Indonesia, according to Andi Unggul Attas, president director of PT Sem...
Venezuela: final compensation installment delayed
Holcim is yet to receive the last compensation installment in connection with the nationalisation of Holcim Venezuela in 2008, the company said in a statement today. Corporaci...
CRH reportedly selling brick business
Irish building materials major CRH is selling its clay brickwork division for up to GBP600m, according to reports in The Sunday Times. The move comes as the company prepares t...
Egypt: Suez Cement to close Tourah Factory 1
Suez Cement Co has voluntarily agreed to close its Tourah Factory 1 to comply with the local government's policy to reduce the number of facilities that do not meet environment...
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