Semen Baturaja sales up 24% in first three months
Indonesian state-owned cement maker PT Semen Baturaja's first-quarter sales rose 24 per cent to 305,000t from a year earlier. The cement producer has also opened a new cement ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Qatar consumption forecast to double by FY17
Cement consumption in Qatar is expected to double from current levels within the next three years, a new report has forecast. Dubai-based financial services firm Arqaam Capit...
Turkish majors eye LafargeHolcim divestment opportunities
Turkish cement producer are keen on acquisition opportunities that may arise from the Lafarge and Holcim merger, according to reports by Reuters. Oyak, the largest cement prod...
CEO Dr Scheifele: LH merger no threat to HeidelbergCement
The announced mega-merger of Lafarge and Holcim is expected to change the competitive landscape in the cement industry as a new global building materials giant, LafargeHolcim, ...
USA EPA: cement CO2 emission rose 9.4% in 2012
CO 2 emissions from US cement plants increased 9.4 per cent to 35.051Mt in 2012 from 32.010Mt the previous year, according to the ‘Inventory of US Greenhouse Gas Emissions & S...
Congo Rep to benefit from rising investment
The Republic of Congo is increasingly attracting foreign investment into its cement industry. By 2016 three further cement plants are expected to come online as the government ...
Holcim Spain to cut staff by 122
Holcim Spain and unions have reached a preliminary agreement to reduce the company’s staff of 650 by 18.7 per cent, according to the Spanish news service ABC. As a result 122 ...
Moody's assigns a Baa3 rating to Votorantim Cimentos proposed notes due 2021; outlook stable
Moody's Investors Service has assigned a Baa3 rating to the proposed up to EUR750m seven-year senior unsecured notes to be issued by Votorantim Cimentos SA. The outlook for the...
Shree on course with capacity drive, India
Shree Cement is on course with its expansion drive to raise cement capacity to 20Mta by 2015 with two new projects currently under implementation. The company, which already ...
Semen Indonesia first-quarter sales rise 3.5%
PT Semen Indonesia, the country’s leading cement producer, sold 6.16Mt of cement to the domestic market during Jan-March 2014, a 3.5 per cent increase compared to the same peri...
Cemex delivers 640 new homes as part of Colombian affordable housing initiative
Cemex announced Tuesday that it has completed 640 apartments in Colombia as part of a 3000-unit urbanisation project being undertaken by the company in collaboration with the c...
Italcementi shareholders approve 2013 results
At Italcementi’s annual general meeting in Bergamo yesterday, the shareholders of Italcementi SpA approved the financial statements for 2013. The company closed the year with a...
Welcome to Washington DC
The 56th IEEE-IAS/PCA Cement Industry Technical Conference has officially welcomed over 980 registered delegates to Washington DC for five days of discussions under the theme o...
Peru: market expands 1.35% in 1Q14
In March, the Peruvian cement market remained broadly stable from 815,317t in February to 814,495t, according to domestic cement association, Asocem. Output from local prod...
US February shipments – preliminary data
Total shipments of blended cement in the US and Puerto Rico in February 2014 including imports reached 4.73Mt, preliminary data from the USGS show. Domestic shipments totalled...
Bosowa Maros plans IPO by 2016
The Bosowa Group of Indonesia plans to take its cement unit, Semen Bosowa Maros, to an initial public offering by 2016. “We may go public within the next two years. The marke...
LEOCEM to begin slag cement production
Sierra Leone Cement Corporation (LEOCEM), a subsidiary of the HeidelbergCement Group, has announced that it would begin producing slag cement from June this year. Head of Labo...
Huaxin Cement positive 1Q profit alert, China
Huaxin Cement Co Ltd anticipates net profit for 1Q14 to increase by 350-400 per cent YoY, compared with a profit of CNY25.74m in the corresponding period of 2013, the company s...
Ambuja to invest internal funds for expansion
Ambuja Cements, part of the Holcim group, plans to spend around INR8bn (US4133m) in 2014 from internal funds to partially finance its ongoing capacity expansion projects. "Th...
Basque Aguinaga family resigns from Portland Valderrivas board
The investment company Cartera Deva, controlled by the Basque Aguinaga family, has resigned as member of board of Cementos Portland Valderrivas, a subsidiary of FCC. The ste...
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