Pakistan cement industry trebles FDI
The Pakistan cement sector has received foreign direct investment (FDI) to the tune of US$21.5m from July 2013-March 2014, more than trebling the US$6.3m received during the co...
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Egypt: Arabian Cement to raise US$100m through IPO
Arabian Cement aims to raise US$100m by listing on the Egyptian stock market, according to an official from top MENA investment bank EFG Hermes. The cement company has previous...
Papua New Guinea to build new cement plant
A project to convert Simbu province's vast limestone resource into cement will begin this year, said Peter O'Neill, Papua New Guinea's Prime Minister. The Prime Minister told...
Eurocement-Ukraine shipments up 10.7%
Despite the difficult circumstances in the Ukraine, Eurocement-Ukraine shipped 73,767t of cement to its customers in January and February 2014, a 10.7 per cent increase on the ...
CRH Interim statement 1Q14
According to the CRH 1Q14 interim statement, the company reports that in Europe, the improving trend evident in the second half of 2013 has continued in the first four months o...
Capital Group buys a 9.25% stake in Anhui Conch
The Capital Group Co spent HKD159.21m (US$20.53m) to acquire 5.55m shares in Anhui Conch Cement Co Ltd on 30 April, sources reported, citing the Hong Kong Stock Exchange. Afte...
Loesche receives Saudi Arabian roller mill order
United Cement Industrial Company (UCIC) has selected a Loesche LM 56.4 raw mill for its cement plant in Al-Sadiya, 150km south of Jeddah, Saudi Arabia. Tianjin Cement Industry...
Cembureau: 4Q13 economic improvement in Europe
Cembureau noted a clear improvement in the macroeconomic and industrial environment across the EU over the second half of 2013, gaining some momentum in 4Q13, resulting in over...
Lafarge 1Q14 EBITDA up 21%
Lafarge announced that its 1Q14 sales were down two per cent to EUR2633m (up nine per cent like-for-like YoY). EBITDA was stable at EUR343m and current operating income was up ...
Peru: Unacem market share slips to 49%
Peruvian cement company Unacem has seen its market share fall from 51.42 per cent in 1Q13 to 49.14 per cent in 1Q14, according to news service Gestión. The cement maker has ...
Angola: FCKS inaugurates 4500tpd kiln line
Fábrica de Cimento do Kwanza Sul (FCKS) has inaugurated its Kwanza Sul Cement plant and is now ready to start supplying cement in Angola following a construction period of four...
Invecem awarded limestone and clay concession
Industria Venezolana de Cemento (Invecem) has been granted a licence for limestone and clay exploitation by the state government of Falcón. The 20-year licence will enable the ...
UltraTech Cement could buy Holcim-Lafarge assets
UltraTech Cement Ltd, India’s biggest cement maker, is considering buying the local assets of Holcim Ltd and Lafarge SA, according to a person with direct knowledge of the matt...
Nicaragua: Cemex builds new grinding plant
Mexico's Cemex has begun construction on a new US$55m cement grinding plant in Nicaragua, the company said in a statement. The new grinding plant will boost cement capacity in...
Russian imports from Belarus increase by 85% in 1H14
In 1H14 Belarusian cement producers increased their supplies to Russia by 85.6 per cent YoY, reports BelTA. Quoting CMPRO data BelTA states that in January-March 2014 Belaru...
Myanmar Jidong Cement Co to build 5000tpd plant
Myanmar Jidong Cement Company, a subsidiary of China's Tangshan Jidong, has countered claims that local communities in Hpa-an, Karen state, Myanmar, are opposed to the construc...
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake
Pakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, repres...
Suez Cement Co invests EGP300m in coal-based power
Egypt's Suez Cement Co announced plans on Sunday to invest EGP300m (US43m) to convert two of its four cement plants to use coal rather than natural gas. The conversion proce...
Pakistan producers raise cement prices
Cement prices in Pakistan have increased by PKR10/50kg bag from PKR525 (US$5.31) to PKR535. Cement companies, including DG Khan Cement, Lucky Cement and Falcon Cement have rais...
Ashaka Cement 1Q14 profit after tax rise 69%
Ashaka Cement's 1Q 2014 results showed that profit before tax and profit after tax grew strongly by 74 and 69 per cent to NGN2.8bn (US$17.5m) and NGN1.9bn, respectively when co...
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