Marketfield Asset Management raises Buzzi stake
Marketfield Asset Management LLC has raised its stake in Buzzi Unicem to seven per cent from 5.3 per cent, as discretionary asset management, Italy's stock market regulator Con...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CIMAF starts construction of Mali plant
Morocco’s CIMAF will build a new cement works in Mali – the company's seventh cement works in sub-Saharan after its expansion plans in Côte d’Ivoire, Guinea, Cameroon, Burkina ...
Fujairah Cement profit hit by weaker prices
UAE-based producer Fujairah Cement recorded a AED12m (US$3.3m) loss last year as a weaker pricing environment affected revenue despite higher sales. In a filing posted on the...
Algeria to import 240,000t of cement
To alleviate the present cement shortage, Groupe Industriel des Ciments d’Algérie (GICA) has appointed Star Commercial Ltd of the British Virgin Islands to import 240,000t of c...
Venezuela plans to reduce imports of Peruvian and Brazilian cement
Venezuela’s President Evo Morales announced the intention to reduce the import of cement from Peru and Brazil by installing new plants and increasing domestic output. “I wan...
Semen Baturaja full-year net profit rises 5% YoY
Indonesia state-owned cement producer PT Semen Baturaja recorded a net profit of IDR312bn (US$26.5m) in 2013, up five per cent YoY, Bisnis Indonesia reported. The company will...
Russia: Lipetskcement output continues upward trend
Lipetskcement, part of Eurocement group, has continued its steady growth trend with clinker and cement output up by 46 and 13.7 per cent YoY, respectively in January 2014. In ...
Pakistan prices sees further increases
Cement producers in Pakistan have increased prices by PKR15/bag in anticipation of improved construction activity before the monsoon season begins. Cement dealers said that t...
Lafarge's profit drops in Europe and Latin America, but group net profit jumps
Lafarge's turnover declined by 3.9 per cent to EUR15,198m in 2013, having increased by 3.5 per cent in 2012. The EBITDA came down by 9.4 per cent to EUR3102m and the trading...
ACC to construct new kiln line, Saudi Arabia
The managing board of Arabian Cement Co has agreed to boost production at the company’s Rabigh plant in Saudi Arabia by constructing a new kiln line. The new kiln will add ...
Record profits for Holcim Philippines
Holcim Philippines registered record earnings and sales last year amid strong market conditions and effective cost management. Meanwhile, the company has said it will delay the...
India: UltraTech in talks to acquire further Jaypee assets – report
UltraTech Cement is in preliminary talks to acquire the Jaypee Group’s cement assets in Solan, Himachal Pradesh state, according to local media citing two sources familiar with...
CRH appoints non-executive director, Ireland
The board of CRH plc announced the co-option to the board of Henk Rottinghuis as a non-executive director. Mr Rottinghuis (58), a Dutch citizen, has a background in distributi...
UK: Flood-hit Ferriby works on target to resume production by end-Feb
Cemex is on target to resume production at its flood-hit South Ferriby works by the end of this month, however, challenges remain to meet the start-up schedule. Production at ...
Bamburi signs waste management partnership deal, Kenya
Kenya’s largest producer, Bamburi Cement, and Mombasa County government have entered into a KES4.8bn (US$55.7m) partnership to develop a solid waste management system. Bamburi...
Cemex closes 2013 with zero accidents in its Spanish works
Cemex celebrated the end of 2013 with a zero-accident rate in its 65 Spanish work sites. The company attributes the success to its “Zero Accident” campaign, started in 2007. In...
Holtec wins Palestine plant feasibility tender
Holtec Consulting has won a tender to prepare a feasibility study for the first cement plant to be established in Palestine, the Palestinian Commercial Services Company (PCSC) ...
CAC disappointed by BC government inaction
The Cement Association of Canada (CAC) has expressed its extreme disappointment with the decision by the British Columbia (BC) government not to change how the carbon tax is ap...
Vietnam: Jan cement sales down 18.6% YoY
Vietnam’s domestic sales declined by 18.6 per cent YoY in the first month of this year to 2.93Mt due to subdued real estate activity, the country’s Ministry of Construction (Mo...
Pakistan: Fauji Cement boosts 1HFY14 earnings
Pakistan-based producer Fauji Cement Co posted earnings of PKR1.25bn (US$11.92m) in the first half of FY14, up 36 per cent YoY compared to the PKR922m in the comparative period...
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