S&P's downgrades Trinidad Cement Ltd
Standard & Poor's Ratings Services lowered its corporate credit rating on Trinidad Cement Ltd Group (TCL) to 'D' from 'B'. The downgrade reflects TCL's missed debt service p...
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Ciments du Maroc posts positive 1H14 results
Ciments du Maroc saw turnover increase to MAD1.63bn (US$185m) in 1H14, up 16.4 per cent from MAD1.4bn the same period the previous year. However, the company also experience...
Holcim considers next move after court rejects carbon theft lawsuit
Holcim is considering its options after the European Court of Justice (ECJ) dismissed its lawsuit against the European Commission over the theft of 1.6m emissions allowances in...
Turkey: CRH and Eren Holdings plan sale of JV
CRH and its Turkish partner Eren Holdings have applied to Turkey's competition regulator to sell their joint venture, Denizli Cimento, to army pension fund OYAK Group, accordin...
Algeria: Jan-Aug cement import volumes up 28% YoY
The value of cement imports to Algeria in the first eight months of 2014 soared 31 per cent with a bill of US$373.5m against US$285.3m in the same period of last year, the Cust...
Egypt: National Cement swings to full-year loss
National Cement Co swung to a net loss of EGP138.4m (US$19.35m) in the fiscal year ended 30 June 2014 from a net profit of EGP93.5m for the year-earlier period. The pretax lo...
India: Reliance Infrastructure looks to triple capacity
Reliance Infrastructure plans to nearly triple its cement generation capacity to 15Mta over the next three years. The company's capacity currently stands at 5.8Mta from its pl...
Semen Tonasa plans Papua factory, Indonesia
PT Semen Tonasa plans to develop a new factory in Papua with a total investment of up to IDR3trn (US$247.08m), to cut distribution costs, according to its CEO, Unggul Atas. ...
BillerudKorsnäs wins Product Development award at Lafarge Global Supplier Awards 2014
Lafarge has recognised the work carried out in close partnership between its Lafarge Research Centre in Lyon and the BillerudKorsnäs Sack Lab Sweden for the development of a ne...
US Jan-July shipments up 8% YoY
Total shipments of Portland and blended cement in the US and Puerto Rico in July 2014 were 9Mt, up by about 11 per cent in July 2013, latest data from the US Geological Survey...
TCL places hold on all debt payments
Following a financial assessment of Trinidad Cement Ltd (TCL) by PricewaterhouseCoopers (PwC), the Caribbean-based cement producer has decided to place a hold on all payments d...
Vietnam September output up 4% YoY
Vietnam is estimated to have produced 5Mt of cement in September, up four per cent from the previous month and nine per cent YoY, the government’s General Statistics Office (GS...
JK Cement starts commercial production at Rajasthan unit
JK Cement has commenced production and dispatch of cement from its new cement manufacturing facilities at JK Cement Works, Mangrol, Chittorgarh district, in the state of Rajast...
Alain Bourguignon, Marc Soule join Holcim's asset sale committee
Holcim, which is set to merge with French peer Lafarge in 2015, has named Alain Bourguignon and Marc Soule members of the asset sale committee. Bourguignon was so far in char...
Sri Lanka: Lafarge Mahaweli concludes Health & Safety month
Lafarge Mahaweli Cement concluded its annual Health & Safety month recently, with a number of activities held at their factory premises located within the Colombo port, Sri Lan...
Colombian cement demand up 17% in August
Colombia’s cement consumption saw a 17.2 per cent rise to 1.020Mt in August 2014 when compared with the same month of 2013, according to the national statistic office, Dane. Ma...
Cemex enters new US$1.35bn credit agreement
Cemex SAB de CV announced it entered a new credit agreement for US$1.35bn with nine of the main lending banks from its Facilities Agreement of 17 September 2012. The new agre...
Ghana cement prices expected to fall
If Ghana’s cedi continues to stabilise, prices of cement can be expected to fall, according to Morten Gade, managing director of Ghacem. Cement prices have increased rapidly...
Reliance Infrastructure plans to triple capacity to 15Mta by 2017
India’s Reliance Infrastructure plans to nearly triple its cement capacity to 15Mta over the next three years. The current capacity at the company, led by Anil Ambani, is 5.8Mt...
Zuari Cement hosts groundbreaking for Gulbarga plant
Through its Gulbarga Cement Ltd (GCL) subsidiary, Zuari Cement plans to build a 3.23Mta cement works in Gulbarga, Karnataka, India. In addition, the company will be setting up ...
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