Vicem sets 2014 revenue targets
Vietnam Cement Industry Corporation (VICEM, the country's leading cement producer, is targeting more than VND30trn (US$1.4m) in revenue this year. To meet these goals, the com...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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New appointments at Buzzi Unicem USA
David Nepereny has been elected as chairman of the board for Buzzi Unicem USA, effective 1 January 2014. Mr Nepereny will continue as president and CEO of the company until...
Dongwu Cement and Hengtong Group joint venture
Dongwu Cement and Hengtong Group are to establish a 50-50 joint venture company with a registered capital of CNY150m (US$24.8m). The scope of business of the joint venture co...
Anhui Conch and Asia Cement sign strategic partnership deal
Anhui Conch and Taiwan producer Asia Cement have signed a strategic partnership to explore overseas markets and share expertise in environmentally-friendly technologies. The ...
Swiss shipments advance 3.8% YoY
Swiss cement shipments in 2013 rose by 3.8 per cent YoY, latest data from local association cemsuisse reveals. Fourth quarter sales proved to be particularly strong, rising 7...
Yamama posts preliminary 4Q13, full-year results, Saudi Arabia
Yamama Cement posted its preliminary 4Q and FY13 results, with net profit up 2.3 per cent to SAR870m. The results were one per cent below estimates by NBK Capital but in line...
Tangshan Jidong to launch restricted shares, China
Tangshan Jidong Cement Co Ltd announced that 59,500 of the company's restricted shares (a 0.004 per cent stake) will become tradable from 9 January 2014, China Business Newswir...
Credit Suisse acquires shares in China Shanshui
Credit Suisse Group AG acquired 10.47m shares in China Shanshui Cement Group Ltd for a total of HK$34.93m on 31 December 2013, according to the Hong Kong Stock Exchange. Since...
Morocco sales recovery in sight?
Overall Moroccan cement sales proved disappointing through 2013, but industry body Association Professionnelle des Cimentiers (APC) is hopeful of an upturn this year. Durin...
CRH full-year development spend
CRH announced a total of seven acquisitions and investment initiatives in the second half of 2013, taking full-year development activity to EUR0.69bn. The company invested EUR...
EC rejects request by Germany to review deal
The European Commission (EC) has rejected a request from Germany to refer the planned acquisition of Cemex West by Holcim to the German competition authority for assessment und...
Pakistan exports fall in 5MFY13
During the first five months of FY13-14, Pakistan exported 3.749Mt of cement on foreign exchange revenues of US$225.30m, down 0.44 and 8.03 per cent YoY in terms of volume and ...
TCC retains top six slot in China
Taiwan Cement Corp (TCC), one of Taiwan's top cement manufacturers, has retained its position as China’s sixth largest cement producer by capacity. Last year, Taiwan Cement ha...
Semen Baturaja sets higher 2014 capex
PT Semen Batujara plans to increase capital expenditure for this year by 87 per cent YoY to IDR750bn (US$61.58m), according to reports by the Investor Daily. The investments wi...
Yanbu Cement full-year net profit rises 14.3%
Yanbu Cement Co’s net profit rose 14.3 per cent YoY to SAR832m (US$219.4m) in 2013, the company announced in a bourse filing. Operating profit increased to SAR847m from SAR75...
Ha Tien 1 lists 120m new shares on HOSE
Ha Tien 1 Cement JSC has received approval from the Ho Chi Minh City Stock Exchange (HOSE) to float 120m new shares on the bourse. The shares, earlier sold to Vietnam Cement I...
Zuari Cement’s commitment to India’s long-term potential
Zuari Cement is pressing ahead with new capacity plans in three Indian states despite current market challenges, citing huge long-term potential for domestic cement consumption...
HeidelbergCement completes the sale of Raigad grinding unit
HeidelbergCement India has completed the sale and transfer of its cement grinding facility situated at Raigad in state of Maharashtra to JSW Steel, as a going concern on slump ...
Saigol appointed chairman of Maple Leaf Cement
Maple Leaf Cement Factory Ltd (MLCFL) has appointed Tariq Saeed Saigol as chairman of the company for a term of three years. Company secretary Muhammad Ashraf on Friday announ...
Saudi slowdown set to continue
The current slowdown being seen in the Saudi Arabian cement market due to labour shortages is set to continue in the short-term, NCB Capital has cautioned. Saudi cement sales ...
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