Five Star Mining to invest US$200m in Honduras
Five Star Mining (FSM) intends to invest US$200m over three years in the Honduran cement and mining industry, according to the country’s Subsecretariat of Environment and Minin...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Argentina: cement demand falls 5% YoY
Argentina’s cement industry shipped 905,584t, including exports, in April 2014, reflecting a 0.6 per cent decrease from March and a 7.1 per cent fall YoY. Domestic demand, incl...
Mamba Cement to build new South Africa plant
Nedbank Capital and the Bank of China Johannesburg have jointly announced the raising of debt capital to fund a new entrant into the South African cement industry. The projec...
Philippine producers step up alternative fuels efforts
Philippine cement producers are stepping up their efforts to increase their use of alternative fuels in a bid to reduce production costs and minimise environmental impact. “...
Change in the senior management of Holcim
Onne van der Weijde, area manager for India until April 25, 2014, and member of Holcim senior management, leaves Holcim effective 1 June 2014, the company said in a statement. ...
China prices expected to rise, exceed market expectations
Cement prices in China are likely to continue rising in the second half this year and go beyond market expectations along, according to industry sources. Cement prices in Chi...
Indocement outlines 2014 capex
PT Indocement Tunggal Prakarsa, part of the HeidelbergCement Group, plans to spend between IDR4.5trn (US$390.07m) and IDR5trn in capital expenditure this year, up from last yea...
Cemex CEO Zambrano dies
Cemex’s chief executive officer, Lorenzo Zambrano, who led the Mexican cement major for almost three decades, has died aged 70. A statement by the company said that Mr Zambrano...
South Valley seeks alternative energy sources
Egypt-based producer South Valley Cement is seeking alternative energy sources as securing sufficient fuel to operate production facilities has become one of its key challenges...
China Resources Cement 1Q14 profit rises 69.6%
China Resources Cement said its profit attributable to owners for the three months ended 31 March 2014 rose 69.6 per cent YoY to HK$768m. Turnover was HK$6797m, an increase of...
Lafarge Zambia plans to double capacity
Lafarge Zambia plans to double capacity by adding another production line at its Chilanga cement plant, as the country's leading cement producer seeks to tap domestic market gr...
CAC calls on British Columbia government to change how cement carbon tax is applied
The Cement Association of Canada (CAC) is calling on the British Columbia government to change how the carbon tax is applied to the cement sector. "The cement industry wants...
US first-quarter shipments seen surpassing 15.5Mt mark
Total shipments of Portland and blended cement in the United States and Puerto Rico of Portland and blended cement in the first quarter of 2014 reached 15.664Mt, preliminary da...
Cementir advances in Nordic area and Turkey
Cementir showed a 6.1 per cent recovery in first quarter turnver to EUR206.6m and EBITDA jumped from EUR9.2m to EUR24.6m, reflecting improved profits from the Nordic countries...
Indonesian monthly cement sales contract
Cement sales in Indonesia declined 0.4 per cent YoY in April to 4.52Mt, according to data from the Indonesia Cement Association (ASI). Speaking to local press, Widodo Santoso...
Ancap notes record loss for 2013
Uruguay’s Ancap closed 2013 with a record loss of US$150m. The company attributed the result partly to developments in the exchange rate, which impacted the cement producer si...
Egypt: Arabian Cement seeks to raise US$120m from IPO
Arabian Cement Company has set the price for its initial public share offer (IPO) at EGP9 (US$1.28) a share after a private placing was 11.3 times oversubscribed, the company s...
Al Jouf completes supply agreement
Saudi-Arabia based Al Jouf Cement said in a bourse statement today that it has completed supplying clinker and cement according to the contracts signed with Al-Rajhi Factory in...
Raysut posts flat quarterly profit, Oman
Raysut Cement, Oman's largest cement producer by market value, reported a flat first-quarter profit on Monday. The company made a profit of OMR8.23m (US$21.4m) in the three mo...
Several companies show interest in Lafarge Pakistan
In response to a notice sent to the Karachi Stock Exchange by Lafarge SA to divest its entire holding (75.86 per cent) in Lafarge Pakistan Cement Limited (LPCL), local as well ...
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