China cement prices ease
Cement prices in China eased to a national average of CNY361/t (US$58) by 28 February 2014, down from a recent peak of CNY373/t (US$60) on 20 January, according to figures from...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Singha's Sri Lanka terminal on track for 2015 completion
Singha Cement’s new state-of-the-art Sri Lankan cement terminal is on track for completion next year, doubling the company's existing capacity. “The reason for this expansion ...
Kuwait Cement profit rises 16.3% YoY
Kuwait Cement Co (KCC) announced profits of KWD17.1m (US$60.7m) with earnings per share (EPS) at 26.1 fils for 2013, compared to a net profit of KWD14.7m and EPS of 23.7 fils i...
Dalmia to acquire Jaiprakash Bokaro stake
Jaiprakash Associates Ltd (JAL) is to sell its 74 per cent stake in its Bokaro Cement joint venture to Dalmia Cement (Bharat). Bokaro Cement is a 74:26 per cent collaboration...
Lafarge Brasil inaugurates Rio de Janeiro plant
Lafarge has inaugurated a new cement plant in Santa Cruz, in the western zone of Rio de Janeiro, Brazil. In its first year of operation the plant will produce some 500,000t of...
Cemex announces offering of senior secured notes
Cemex announced today that Cemex Finance LLC (the Issuer), an indirect wholly-owned subsidiary of Cemex España, intends to offer senior secured notes in one or more series deno...
West China Cement ratings upgrade
Moody's Investors Service has changed the outlook of the B1 corporate family rating and B1 senior unsecured bond ratings of West China Cement from negative to stable. At the s...
Vietnam: Thach My cement plant launches operations
Xuan Thanh Investment and Development JSC has started operations of its Thach My cement plant in the central Vietnam province of Quang Nam. The plant has a design capacity of ...
Semen Baturaja to distribute dividend, Indonesia
Semen Baturaja will distribute a IDR78.04 dividend, or 25 per cent of last year’s net profit of IDR312.18bn (US$27.4m) Pamudji Raharjo, president director of the publicly-list...
China Tianrui Group Cement full-year net profit slides
China Tianrui Group Cement Co Ltd said its 2013 profit attributable to shareholders declined more than 28 per cent to CNY558.9m (US$90.17m) from CNY783.4m the year before. Ba...
Thailand demand growth to halve in 2014
The protracted political crisis in Thailand is impacting the domestic construction market, and cement consumption is expected to grow at half the rate expected, according to Pr...
Israel: CRH mulls disposal of Nesher cement stake
CRH Group is considering the sale of its 25 per cent stake in Mashav, the holding company for Nesher cement, Israel, which the Irish group acquired in 2001, reports The Sunday ...
Eastern Province to launch new mill in 2Q15
Eastern Province Cement (EPC) is to launch commercial production at a new cement mill in April 2015. The construction of the grinding unit, with a capacity of 150tph, will be c...
India: local tax on coal mines to hit cement firms
India's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a n...
Senegal cement battle looms
Aliko Dangote, Nigeria's powerful industrial conglomerate owner, is facing a battle to get his Senegalese cement plant up and running due to legal action and stiff competition....
India: ACC lined up to buy into two cement joint ventures
ACC (Holcim) is likely to buy Jaypee Group 74 per cent stake in two separate cement joint ventures with state-owned steel maker Steel Authority of India Ltd, according to the B...
Nepal: shareholders eagerly await Padma payments
Shareholders in Padma Cement, which is currently in the process of being liquidated, have expressed concern following the news that the liquidator's office will pay out dues of...
Zimbabwe: Chinese-Zimbabwean joint venture invests in clean technology
Zimbabwe will soon have a modernised cement facility producing 0.2Mta with improved environmental performance. The Chinese-Zimbabwean joint venture is on track to complete a mo...
Shanshui Cement announces 2013 gross profits of US$617.7m
During the 12-months ended 31 December 2013, China Shanshui Cement Group Ltd’s revenue reached CNY16,535m (US$2667.85m). Gross profit was CNY3829m while profit from operations ...
PT Semen Indonesia agrees loan for new plant
Cement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will ...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
