EC clears Holcim and Cemex Spanish deal
The European Commission (EC) has cleared, under the EU Merger Regulation, the proposed acquisition of Holcim’s Spanish operations by Cemex, the last of three transactions under...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Beni Suef Cement gas and diesel supply halted
Beni Suef Cement announced that gas and diesel supply to its factories has stopped since 26 August 2014, according to a bourse statement on Monday. The firm added that when e...
China’s watchdog fines three producers for price fixing
China’s price regulator has fined three domestic cement makers CNY114m (US$18.58m) for price fixing, the National Development and Reform Commission (NDRC) said in a statement o...
Argentina: cement demand down 4.1% YoY
In August, the Argentinian cement market was supplied by 993,397t of domestic production and 254t of imports as it saw consumption fall 7.2 per cent YoY to 993,651t. In additio...
Siwertell order for new Myanmar cement facility
Cargotec's Siwertell has received an order from CITIC Heavy Industries Co Ltd (CITIC) for a rail-travelling ship unloader. The ST-640 M-type unloader has been ordered to supp...
Court of Appeal postpones Ahangarancement case in Uzbekistan
The Board of Appeals of the Tashkent Regional Economic Court adjourned the case on the claim of the Russian Eurocement Group holding due to the decision to invalidate the priva...
Dubai to acquire interest in Dangote Cement
Investment Corporation of Dubai (ICD), the main investment arm of the Emirate of Dubai, has agreed to purchase a minority interest in Nigeria's largest cement manufacturer,...
Taiheiyo dissolves Xinjiang joint venture
Taiheiyo Cement has ended a Chinese joint venture with a Xinjiang-based company in response to government efforts to cut excess capacity in the cement sector. Following calls...
US seven-month shipments reach 48.5Mt – preliminary data
Total Portland and blended cement shipments in the US and Puerto Rico for the seven months to the end of July 2014 reached 48.537Mt, preliminary data from the US Geological Sur...
Iran exports exceed 8Mt in first five months
Iran exported over 8Mt of cement in the first five months of the Iranian calendar year, according to the country's cement industry body. Abdolreza Sheikhan, secretary of Iran...
Reliance product launches in Bihar, India
Reliance Cement Pvt Ltd on Monday launched its cement in to the northern Indian market of Bihar. Commenting on the development, Reliance Cement chief marketing officer, Atul ...
Unacem plans to invest US$58m in 2015
Peru's Unacem intends to invest US$58m in its Atocongo and Condorcocho works next year. The projects focus on the development of the Carpapata III hydropower plant, the cement ...
EU Climate Change Committee includes cement on carbon leakage list
The cement sector has been included on the EU Climate Change Committee's approved list of sectors deemed to be at risk of carbon leakage, a move welcomed by European cement ass...
Indebted CPV outlines debt refinancing plan, Spain
Cementos Portland Valderrivas (CPV), the leading cement producer in Spain with operations in North America and Tunisia, has released a statement outlining its plans to refinanc...
Fitch Assigns 'BB -' Ratings to CEMEX's Notes
Fitch Ratings has assigned expected ratings of 'BB-/RR3(EXP)' to Cemex's proposed USD notes due in 2025 and its proposed Euro notes due in 2022. Proceeds from the Euro notes is...
Pakistan’s August cement dispatches higher
Total Pakistan dispatches during August increased by 23.2 per cent compared to the same month of last year with strong increases seen on both the domestic and export front. ...
Aumund India to equip Wonder Cement's Line 2
A major contract was signed recently by Aumund India to furnish all necessary machines for a second production line at Wonder Cement's plant at Nimbahera, Rajasthan. The contra...
CCNN first-half net income boosted by cost cuts, Nigeria
The Cement Company of Northern Nigeria (CCNN) achieved a 91 per cent increase in profit for the first six months of the year helped by a reduction in operating and financing co...
Sagar Cement completes sale of joint-venture stake
Sagar Cements has completed the sale of its stake in Vicat Sagar Cement, therefore formalising its exit from the joint-venture company. In mid-July an agreement had been reac...
Lafarge Holcim merger cleared in Singapore
The Competition Commission of Singapore (CCS) has given Lafarge and Holcim the greenlight to merge their businesses in the country. Holcim Singapore manufactures and supplies...
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