Simec reportedly in talks to buy stake in Gujarat unit
Dubai-based Simec is expected to buy up to 51 per cent in ABG Cement's Gujarat unit, local press have reported. The enterprise value of the 5.8Mta cement facility is expecte...
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Russia: Eurocement terminates project with KHD
ZAB Zementanlagenbau GmbH Dessau, a subsidiary of KHD Humboldt Wedag International AG, has received notice of project termination from Eurocement group company Stavropolsky Zav...
Venezuelan cement plants see 4Q13 output fall
Venezuela’s largest cement company, Venezolana de Cementos, saw production drop 13.1 per cent in 4Q13, according to data by the Central Bank of Venezuela (BCV). The fall in ...
Uzbekistan cement works inaugurated
Uzbekistan has seen the official launch of a US$116m cement plant in Jizzakh oblast, which will add to the country’s grey and white cement production capabilities. The green...
Holcim Spain issues new ERE
Holcim Spain has presented a new record of employment regulation (ERE) that will affect 141 staff. While Holcim is reported by construction organisation Fecoma to have plans...
Semen Indonesia eyes Middle East & Africa investment
PT Semen Indonesia, the country’s leading producer, is looking at expanding its presence into the Middle East and Africa region by developing factories there in 2016, CEO Dwi S...
Egypt: Suez Cement increases dividend payout
Suez Cement, part of the Italcementi group, will pay a cash dividend of EGP2.65/share (US$0.38), it said in a statement published yesterday. The company said it would make the...
Hima outlines sustainability initiatives, Uganda
Ugandan producer Hima Cement has outlined ambitious sustainability plans focussed on five main pillars. The company, owned by Kenya’s Bamburi Cement and part of the Lafarge Gr...
Lafarge Republic boosted by robust demand
Lafarge Republic Inc (LRI) reported a 30 per cent rise in net profit last year to PHP3.7bn (US$82.6m) on the back of robust demand from government as well as private commercial...
Colombian demand grows 12% in February
Colombian cement demand expanded by 11.7 per cent in February 2014 compared to the previous year with dispatches reaching 924,000t, according to the statistics office, Dane. Ma...
A TEC & Ferro Duo to offer Holcim complete solution for bypass dust treatment
A TEC, in collaboration with raw materials company Ferro Duo GmbH and Holcim's Rohožník plant in Slovakia, are now able to provide a complete solution for the recovery of bypas...
BUA signs gas supply deal for Edo Cement Co
BUA Cement has signed a gas sales and purchase agreement (GSPA) with Nigerian Gas Company (NGC) for its Edo Cement Co subsidiary. Leadership Newspapers reported that the agr...
Taiwan Cement sees 28.81% jump in net profit
Taiwan Cement posted a record TWD10.03bn (US$330m) in net profit last year, up 28.81 per cent from a year earlier, the company said in a statement on Monday. Consolidated sa...
Kenya: ARM Cement reports 12% rise in pretax profit
Kenya’s second largest cement producer ARM Cement saw a 12 per cent rise in full year pretax profit to KES2bn (US$23.17m). Earnings per share increased to KES2.73 from KES2.52,...
Ashaka Cement pretax profit declines, Nigeria
Nigeria’s Ashaka Cement said its pretax profit fell last year to NGN2.84bn (US$17.2m) from NGN5.47bn in the last year. Turnover only slipped to NGN21.69bn from NGN21.82bn, t...
QNCC signs LoI with Fives FCB for 5000tpd Umm Bab expansion
Qatar National Cement Co (QNCC) yesterday signed a letter of intent (LoI) with Fives FCB for the QAR950m (US$261m) expansion of its Umm Bab cement works, according to Qatar’s o...
Vietnam 1Q14 domestic sales rise 8% YoY
Vietnam sold 10.23Mt of cement in the domestic market in the first quarter of this year, up eight per cent from a year ago, the Ministry of Construction (MoC) said. Shipments i...
Sanghi Industries invests in capacity expansion, shipping and distribution capabilities
Sanghi Industries Ltd (SIL) is to expand its production by 30 per cent, and is set to acquire ships and establish terminals to improve logistics. The company is to raise ceme...
Lipetskcement reports 8.8% rise in output, Russia
Lipetskcement, part of the Eurocement group, produced 81,420t of cement in the first two months of this year, 8.8 per cent more than the same period of 2013. In February 2014 ...
Algeria: SCS receives bids for Oum-El-Bouaghi plant construction
Société des Ciments de Sigus (SCS) has received bids from French, Danish and Chinese bidders to build its new cement works in Oum-El-Bouaghi, Algeria. The EUR350m project wi...
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