Lafarge Republic gets go-ahead for plant expansion
Lafarge Republic has secured approval from its board of directors to expand its plant in Norzagaray, Bulacan, to keep up with continuing growth in the domestic cement market. ...
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Semen Indonesia plans IDR4trn capex in 2014
Semen Indonesia plans to spend IDR4trn (US$328.81m) to construct two plants in Rembang (Central Java) and Indarung (West Sumatra), the company’s CEO, Dwi Sutjipto, has said. I...
JP Morgan Cazenove upgrades Holcim
JP Morgan Cazenove has upgraded Holcim to 'neutral' from 'underweight' and raised its price target to CHF71 from CHF58 as the outlook for cement makers is turning positive. "Co...
Fitch affirms Siam Cement ratings, outlook Stable
Fitch has affirmed Siam Cement Co's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)'. The ou...
Martin Marietta to take over Texas Industries
Martin Marietta Materials, currently the fourth-largest US aggregates producer, is making an agreed, all-share offer for Texas Industries. If concluded, it will leave existing ...
Spanish cement demand drops 19% in 2013
The Spanish cement market contracted by a further 19.2 per cent in 2013, bringing national cement consumption to 10.981Mt from 13.597Mt the previous year, according to Oficemen...
Cargotec wins Siwertell cement handling order in South Korea
Koryo Fly Ash Cement Company in Seoul, South Korea, has placed an order with Cargotec for a standard 10 000 S road-mobile Siwertell unloader. Delivery is planned for mid-Februa...
Indonesian demand expected to rise by 6-7%
Indonesian cement consumption is expected to grow at a similar rate to 2013 despite cement price increases, as producers look to compensate for higher electricity costs and low...
Cimko to receive IFC loan, euro syndicated loan
The IFC is to provide a long-term financing package to Turkish cement producer Cimko to back investments in the ready-mix concrete segment and energy efficiency, the internat...
Holcim Romania appoints new director general
Francois Petry has been appointed director general of Holcim Romania, effective 1 February 2014, replacing Daniel Bach. Bach has recently been appointed Area Manager for south...
PPC expansion on track
PPC has said its expansion remains well on track and commissioning of its Rwanda plant is anticipated at the end of 2014. Construction work has also commenced at sites in Ethio...
Lafarge seeks government nod for limestone approval, India
Lafarge has warned that it could be forced to shut its Indian flagship plant in Chhattisgarh as limestone reserves are fast running out. The cement major is now urging the gove...
Loesche wins new order from Tanga Cement Co
Loesche GmbH has received an order from Tanga Cement Company, Tanzania, for the supply of two vertical roller mills. The order covers the engineering and supply of two Loesche...
Bolivia: gas deal for Yacuses plant
A cement plant in Yacuses, Bolivia, being constructed by Itacamba has received government authorisation to take delivery of natural gas to fire its new kiln line. Yacimientos P...
Qatar National Cement posts US$119.7m net profit in 2013
Qatar National Cement Company registered an increase in net profit to QAR436m (US$119.7m) for the 12 months to December 2013, compared to QAR425.3m a year earlier, the company ...
Al Jouf reports 75% drop in quarterly net profit, Saudi Arabia
Al Jouf Cement posted weak fourth-quarterly financial results, with earnings declining by 74.59 per cent YoY and 16 per cent QoQ to SAR6.1m (US$1.6m). The results missed Al-Ra...
National Cement Co elects James E Rotch chairman of the Board, USA
The Board of Directors of National Cement Company, Inc, a subsidiary of the Vicat Group, has elected James E Rotch of Birmingham, Ala, as chairman of the Board of National Ceme...
Henan Tongli anticipates full-year decline, China
Henan Tongli Cement Co Ltd expects 2013 net profit to decline to between CNY40m and CNY80m (US$6.6m and US$9.9m), a YoY decline of 51.28-75.64 per cent, the company said in a ...
Martin Marietta in talks to buy Texas Industries - report
Martin Marietta Materials Inc, the fourth-largest US aggregates producer, is in advanced talks to buy construction material supplier Texas Industries Inc, Bloomberg yesterday r...
December profit but full-year deficit remains for INC
Paraguay’s Industria Nacional de Cemento (INC) grossed PYG4bn (US$860,080) in December, according to its president, Jorge Mendez. It is the third-consecutive month that the cem...
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