Argos acquires French Guiana assets
Colombia's largest cement maker, Argos, said on Wednesday it will pay EUR50m to acquire Ciments Guyanias, owned equally by Lafarge and Holcim, just two days after the European ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Brazil: Votorantim Cimentos plans bond buyback
Votorantim Cimentos yesterday unveiled plans to buy back up to US$1.03bn in overseas bonds due 2017, according to a banker close to the transaction. The bonds carried an annua...
Fitch Ratings considers Lafarge upgrade
Fitch Ratings announced yesterday it considers upgrading the credit rating of French concrete and cement group Lafarge after the company unveiled its merger with Swiss peer Hol...
KHD books another order in Russia
ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has signed contracts totalling over EUR90m for equipment and services for a new cement pl...
Morocco: March cement sales up 8.23%
Cement sales in Morocco expanded 8.23 per cent YoY in March, offering local cement producers hope for a better year after a difficult start. However, with a sales decline of ...
Oyak eyes Europe, Africa acquisitions
Turkey-based Oyak is looking into acquisitions in the cement sector, with a specific focus on Europe, Africa and Great Britain, its cement group chairman Celalettin Caglar said...
Mediterranean reluctance, Indian Ocean steady
Owners of dry bulk vessels operating in the Mediterranean are reluctant to take short inter-Med cement or clinker voyages, due to poor rates and lack of cargoes, especially in ...
KHD wins new Turkish order, Maras performance update
KHD has received order for a new 3500tpd clinker production line at Bolu Cimento’s Kazan plant. Meanwhile, the German equipment specialists have also successfully completed a r...
Qassim Cement 1Q14 net profit declines
Qassim Cement Company reported net profits amounting to SAR159m (US$42.4m) in the first quarter of 2014, down 5.59 per cent for the same period of the last year. In a statemen...
Deutsche Bank upgrades Holcim to buy
Deutsche Bank upgrades Holcim to buy from hold and lifts its target price to CHF90 (EUR74) from CHF70 (EUR57) as the upside potential in the building sector should boost cemen...
Argentina: cement demand falls 1.8% YoY
In March 2014, Argentina’s cement companies shipped 910,954t, including exports, reflecting a 13.5 per cent MoM rise, but a YoY drop of three per cent. The domestic market wa...
Umm Al Qura set to raise US$73m via float
Umm Al Qura Cement is to raise over SAR275m (US$73m) in cash by selling 27.5m shares at SAR10 each via a flotation on Saudi Arabia's stockmarket, Tadawul. The shares are expe...
West China Cement repurchases 2m shares
West China Cement Ltd bought back 2m shares for HK$1.9m on 8 April 2014, media reported, citing Hong Kong Stock Exchange documents. Between 1 January and 8 April, the Xi'an Ci...
Moody's places Lafarge's ratings on review for upgrade, changes outlook on Holcim Baa2 rating
Moody's has put Lafarge's Ba1 rating on review for a possible upgrade following the announced merger proposal with Swiss peer Holcim. At the same time, the credit rating's agen...
DG Khan plans Balochistan plant, Pakistan
DG Khan is expected to begin construction of a new 2.5Mta plant at Hub, located in the Lasbela district of Balochistan, next year, to lift its market share in the south of Paki...
CalPortland Sustained Excellence Award
The US Environmental Protection Agency (EPA) has recognised CalPortland Company with a 2014 Energy Star® Partner of the Year - Sustained Excellence Award for its continued lead...
Holcim Indonesia to integrate two subsidiaries
Holcim Indonesia plans to integrate two subsidiaries as part of efforts to improve operational efficiency, the company said in a statement on Friday. The Indonesian division o...
Cemex Latam to participate in construction of 12,000 sustainable housing units
Cemex Latam Holdings (CLH) announced today it expects to participate in the construction of approximately 12,000 sustainable housing units in Latin America during 2014, the com...
Pakistan sales edge ahead in 9MFY13-14
Pakistan cement sales during the first nine months of the current fiscal rose marginally by 0.7 per cent to 24.705Mt, according to preliminary statistics. Data released by In...
Lafarge and Holcim agree cement merger
Holcim and Lafarge have confirmed today their intention to combine the two companies through a merger of equals, to create a new number one global cement major. Billed as a ‘m...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
