Steppe swings to first-half loss
Kazakhstan cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$4.1m for the six months ended 30 June 2014 against a profit of US$2.2m in the comparativ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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PPC says slower domestic economic growth hurting volumes
South Africa's largest cement producer, PPC, has said slower domestic economic growth and declining infrastructure spending has resulted in a "particularly tough" domestic mark...
Iran to increase cement exports to Iraq
Iraq has agreed to increase the volume of cement exports from Iran, a senior trade official has said. "As of September 1, each (Iranian) company can export 15,000t of cement i...
Raysut signs Somaliland jv terminal project
Omani producer Raysut Cement has announced that it has agreed a deal with Barwaaquo Cement of Somaliland to operate a joint venture terminal for the packaging and distribution ...
Siemens to supply CMS plant with drive and automation technology
Christian Pfeiffer has contracted Siemens to supply an integrated drive system and automation technology for the new CMS Cement plant in Kuching in the state of Sarawak, Malay...
Vanguard signs east Indonesian mining concession
Vanguard Mining Corporation has agreed with Yupolo Resources to buy 80 per cent of equity interest in the company and co-develop a 3500ha gypsum and limestone concession in Nus...
Four Holcim (US) Inc plants awarded Energy Star®
Holcim (US) Inc. announced that four of its plants earned the US Environmental Protection Agency's (EPA) ENERGY STAR®. "Holcim is grateful to, once again, be awarded for our c...
CIMB upgrades Semen Indonesia
Analysts at CIMB has upgraded Semen Indonesia to an add rating and lifted its target price from IDR17400 (US$1.46) to IDR18300 following a substantial government-mandated incre...
Eren Holdings to build cement plant in Cameroon
Turkey-based Eren Holdings has signed an investment agreement with the Cameroon government which will see its local subsidiary Medcem build a new cement plant in the African co...
Sagar reportedly looking to acquire BMM Ispat cement assets
Sagar Cements is reportedly planning to acquire the cement business of Bangalore-based BMM Ispat Group. Local press report anticipate that the deal is likely to be sealed in a ...
Egypt: Sinai Cement to self-finance coal conversion
Egypt's Sinai Cement (SCEM) said that its planned plant coal conversion worth EGP300m (US$42m) will be fully financed by the firm's cash flows. The company added in a bourse s...
Pick-up in south Indian prices
Cement producers with operations in the south of India are expected to see improvements in profitability helped by better price realisations and an anticipated increase in dema...
Ash Resources’ new Commercial Manager, South Africa
Ash Resources, South Africa’s leading manufacturer and supplier of fly ash products, has appointed Nicola Viljoen as its new Commercial Manager with effect from 1 September 201...
PCA praises action by Congressional leaders on nation's waterways
The Portland Cement Association (PCA) has said it applauds the US House of Representatives for passing legislation which protects states’ primary authority in protecting the na...
PCA: demand growth in 2014 and beyond
Cement consumption is expected to grow in the United States through 2014, followed by additional gains in 2015 and 2016, according to a recent Portland Cement Association (PCA)...
Indonesian August sales higher
Indonesia cement sales jumped 37.4 per cent YoY to 4.7Mt in August 2014 on the back of higher demand from the property and infrastructure projects. Widodo Santoso, chairman ...
Grupo Argos raises US$509m in bond sale
Grupo Argos, the parent company of Colombia's leading cement producer Cementos Argos, has raised COP1trn (US$509.4m) in a bond sale on Wednesday that was more than doubly overs...
Ashaka Cement stake changes hands
Lafarge Group has sold 58.61 per cent of its stakes in Ashaka Cement Plc to Lafarge Africa Plc in a deal valued at NGN41bn (US$252m). Lafarge sold 1.3bn ordinary shares of it...
State Window authority clears Bhavya Cements grinding plant proposal
The State Level Single Window Clearance Authority (SLSWCA) has approved the proposal by Hyderabad-based Bhavya Cements Ltd to set up a 3Mta cement grinding unit in in Dhenkanal...
Unicem cuts 32.5 grade prices, Nigeria
United Cement Company of Nigeria (Unicem) has decided to reduce the price of its 32.5 cement grade by NGN125, Bukola Adebisi, technical service engineer of the company, announc...
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