Argos Board approves US$50m loan
The board of Colombia’s Argos Group has approved a US$50m loan with the Bank of Bogotá and Miami Agency. The 180-day credit was extended to cover operating cash flow needs.
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Venezuela industry minister revokes Andino appointment
Venezuela’s Minister of Industry has revoked the appointment of Cemento Andino Chairman Gilberto Antonia Barrios Contreras.
Buzzi Unicem hit by weak Italian market
On a turnover 2.1 per cent lower at EUR2753.1m, Buzzi Unicem's EBITDA improved by 5.7 per cent to EUR481.2m. After writing down the assets in Italy and Ukraine by EUR57.7m and ...
China Shanshui seeks to refinance debt and trim 2014 capex
China Shanshui Cement is seeking to refinance debt and cut capital expenditure by half this year after earnings fell for a second year, according to CreditSights Inc. The ce...
FCC to increase stake in Cementos Portland to 78%
FCC will increase its participation in Spain-based cement producer Cementos Portland from 69.8 to 78 per cent. The transaction will be carried out by a capital increase of EUR1...
ABB upgrades Eastern Province Cement Co's process control system, Saudi Arabia
ABB has recently completed an extensive upgrade of the Extended Automation System 800xA to the latest standards at Eastern Province Cement Co’s (EPCC) three production lines at...
Venezuela central bank to visit cement producers
Venezuela’s Minister of Industries, Wilmer Barrientos, said representatives of the country’s central bank would visit cement companies to find solutions to the sector’s issues....
KHD Humboldt Wedag 2013 revenue increases 16.9% YoY
KHD Humboldt Wedag International reported yesterday that it achieved a 16.9 per cent YoY increase in 2013 revenues. Order intakes, however, were significantly below the previou...
Dangote: new capacity development update
Full-year results from Dangote Cement show the company has been outperforming growth in its domestic market of Nigeria as new capacity boosts market share. With a number of ...
Ambuja gets nod for merger with Holcim India
The High Courts of New Delhi and Gujarat have given Ambuja Cements the green light to merge with Holcim India – paving the way for the ACC-Ambuja restructuring process announce...
Dangote Cement revenue rises 29.4%
Dangote Cement, Nigeria’s largest cement company saw revenues rise 29.4 per cent last year to nearly NGN386.2bn (US$2.45bn), backed by 28.2 per cent growth in domestic volumes....
Holcim suspends Joliette investment
Holcim said it would suspend its CAD250m (US$225m) investment to expand capacity at its Joliette works in Canada given the potential economic uncertainty caused by the new Port...
EAPCC pretax profit hit by rising costs
East African Portland Cement Co (EAPCC) said on Wednesday its pretax profit more than halved for the six months ended December due to rising administration and sales costs. P...
Vicem February sales rise 42% YoY
Vietnam Cement Industry Corp (Vicem), the country’s leading cement producer, sold 1.48Mt of cement and clinker in February, up 2.78 per cent from the previous month and 42 per ...
Gresik inks loan facility for Rembang construction
PT Semen Gresik, part of the Semen Indonesia group, has as secured a letter of credit (L/C) facility to help finance the construction of its Rembang greenfield works in Central...
Belarus set to increase cement exports to Russia
Belarus is set to increase cement exports to Russia by 0.5Mt this year, according to Belarusian Archictecture and Constructions Minister Anatoly Chernyl. In line with an agree...
Conch full-year net profit rises 48.3%
Anhui Conch Cement Co reported a 48.3 per cent YoY increase in profit attributable to shareholders during 2013 to CNY9.38bn (US$1.5bn) from CNY6.33bn a year ago. Turnover incr...
Bolivia: Itacamba starts Yacuses construction in May
Itacamba will start building its new cement plant in Yacuses, Bolivia, on 13 May when civil works on the project commence. In April, heavy equipment will roll onto the terrain ...
Lafarge Ciments plans Moroccan integration
Lafarge’s Moroccan subsidiary Lafarge Ciments will be proposing a merger with Lafarge Bétons and Lafarge Granulats, its concrete and aggregates divisions at the company's next ...
Pakistan exports decline over 8MFY14
Pakistan exports have declined in the first eight months of the current fiscal, both in terms of volume and revenues. During the July 2013 – February 2014 period, exports to...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
