Limak Cimento in Côte d'Ivoire joint venture
Limak Cimento, part of the Turkish conglomerate Limak Holding, is to enter the Côte d'Ivoire market through a new grinding and packaging plant venture with local partner Afrikb...
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Savannah Cement plans clinker line, Kenya
Kenya-based Savannah Cement plans to establish a clinker line at an investment cost of around KES17bn (US$193.3m). The cement producer currently imports clinker for its plan...
Vulcan generates strong profit recovery
Vulcan Materials' first-half turnover rose by 6.9 per cent to US$1365.6m and the EBITDA advanced by 27 per cent to US$211.7m. The trading profit jumped from US$36.8m to US$2...
Algeria to become net exporter?
Algeria's cement imports have increased by 30 per cent to US$283.9m in 1H14, according to the country's Customs Office. In terms of volumes, imports reached 3.086Mt in the s...
Cape Verde: Cabocem plant draws interest from Swiss investor
A Swiss investor is said to be in discussions over investing in the Cabocem cement plant Porto Novo, Santo Antão island, in an effort to resume operations. Cape Verdean daily...
Mauritius opens LafargeHolcim merger inquiry
The Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the ...
Saudi listed firms see first-half net profits decline
Profits of listed Saudi cement companies dropped by 6.6 per cent to SAR3.40bn (US$906m) compared with SAR3.64bn in the corresponding period last year, a report, filed by Al-Riy...
Lafarge & Holcim propose Brazilian divestments
Lafarge and Holcim have published a list of proposed asset disposals to Brazilian Competition authority CADE, as part of efforts to help win regulatory approval for their plann...
Vicat advances in spite of weakness in France
Vicat's first half turnover increased by 6.1 per cent to EUR1217.8m, which amounts to a 10.8 per cent advance on a comparative basis. EBITDA was ahead by 3.1 per cent to EUR...
KHD adjusts 2014 forecast, Germany
KHD Humboldt Wedag has adjusted its forecast for the 2014 financial year as its Capex segment has been strongly affected by “risks arising from the current economic and politic...
Cemex expected to receive EU clearance for Holcim Spain assets
European Union antitrust regulators are expected to approve Cemex’s bid to acquire Holcim’s Spanish units without requiring concessions from the Mexican producer, a source told...
Mongolia: Senj Sant receives EBRD loan
The European Bank for Reconstruction and Development (EBRD) has signed a deal to loan Senj Sant US$65m for a new greenfield cement plant in southern Mongolia, about 450km from ...
Kathmandu prices rise on higher production costs, Nepal
Prices of most building materials including cement have increased in the Kathmandu valley since last year, according to local traders. Binod Keshari Upadhyaya, president of t...
Buzzi Unicem: Italy still declining
Buzzi Unicem's first half turnover improved by 2.7 per cent to EUR1180.7m and the EBITDA rose by 27.7 per cent to EUR138.5m. The depreciation and impairment charges include ...
Cementos Portland sees improvements in Spain, Tunisia and USA
Cementos Portland Valderrivas' turnover fell by 3.8 per cent to EUR259.9m in the six months to the end of June, reflecting the effects of non-profitable concrete, aggregate and...
Zarkalis takes the helm at Titan America, USA
Titan America has announced that Bill Zarkalis will serve as company CEO effective 1 August 2014. Mr Zarkalis joins from parent organisation Titan Cement SA, where he served as...
Holcim Indonesia secures IDR4bn loan
PT Holcim Indonesia has secured a IDR400bn (US$34.09m) loan from Bank Sumitomo Mitsui Indonesia which it plans to use for working capital, Reuters quoted the cement producer's ...
MPA: positive 2Q14 sales point to second-half construction improvement
Following the significant improvement in UK sales volumes of mineral products from mid-2013, the latest Mineral Products Association (MPA) data indicate further improvement in ...
McInnis Cement completes financing for Port-Daniel plant, Canada
McInnis Cement has announced the completion of the financial structure for its cement plant in Gaspé, Canada. National Bank of Canada, as sole bookrunner of the bank syndicat...
Titan's Florida business advances strongly
Titan's first-half turnover improved by 3.9 per cent to EUR571.2m while the EBITDA was ahead by just 0.8 per cent to EUR89m. Following a 10.3 per cent reduction in the deprecia...
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