Chinese sign US$733m cement deals in Nigeria and Myanmar
Sinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively. Sinoma International Engineering Co Ltd, pa...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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HeidelbergCement India likely to raise more funds
HeidelbergCement India’s board will meet to consider raising INR3.7bn (US$59.5m) by issuing non-convertible debentures (NCDs) on private placement basis. “... a meeting of the ...
India: Dalmia Cement plunders executives from Shree
Mahendra Singhi has joined the Dalmia group has its new managing director from rival Shree Cement where he had spent 19 years, with his last position being executive director. ...
Vietnam cement industry exports 14Mt
Vietnam's cement exports are expected to reach nearly 14Mt in 2013, the highest level ever exported. According to the Industry and Trade newspaper, in the first 11 months of th...
Nigeria: Dangote investment drive not only in cement
Dangote Group, plans to invest about US$16bn in cement, petrochemicals and agriculture over the next four years. "We are investing US$4.7bn to finish our projects in cement i...
Zambia: Zambezi Portland ups cement output
Zambezi Portland Cement (ZPC) chief financial officer, Peter Kang’ombe, said that the company had increased production from 36,000tpm to 39,000tpm in the last four months of 20...
Israel: Nesher to pack cement in smaller bags
Nesher Cement has to comply with a Knesset committee bill to sell cement in 25kg bags in addition to the 50kg bags that are currently available. N esher has asked for more time...
Australia: Kandos Cement plant set to be dismantled
An application to demolish parts of the Kandos Cement Works will be considered at Mid-Western Regional Council’s meeting next Wednesday. The demolition would allow for the futu...
Ghana: Ghacem cement to regions in need of development
Ghacem has donated 16,000 bags of cement to schools and hospitals which were drawn from the Upper East, Upper West, Northern, Ashanti and Brong Ahafo regions. The list of benef...
UltraTech in talks for two plant projects
UltraTech Cement is planning to invest the construction of two cement plants in the northern Indian state of Uttarakhand. The Industrial Development Department of Uttarakhan...
KHD subsidiary wins Holcim order, Russia
Volskcement OJSC Russia (Holcim Group) has placed an order with Zementanlagenbau GmbH Dessau (ZAB), a subsidiary of KHD Humboldt Wedag International AG (KHD), to construct a pr...
Cementos Cienfuegos achieves clinker production record
Cementos Cienfuegos SA in Cuba established a record clinker production of 1.024Mt – some 0.2Mt more than recorded in the previous four years, according to Alina Atauri Cid, the...
HeidelbergCement India mulls bond placement
HeidelbergCement India's board is considering raising INR370 crore by issuing non-convertible debentures (NCDs) on private placement basis. In a filing to the Bombay Stock Exc...
Bangladesh approves Aramit’s rights offer
Bangladesh's securities regulator Tuesday approved the rights offer of Aramit Cement to boost the company's capital base, according to local press reports. The cement manufac...
Tajikistan cement output increases over Jan-Nov 2013
Tajikistan is working towards reducing its reliance on imports as domestic output increases following the commissioning of a new plant earlier this year, and more new projects ...
Saudi November sales drop 17%
Saudi cement sales fell 17 per cent in November 2013 to 3.65Mt compared to 4.37Mt in the same period in 2012. All companies reported a decline in sales with the exception of...
Ecuador cement sales continue upward trend
Ecuador cement sales continued their upward trend in November, rising by 5.9 per cent YoY, latest statistics from local cement association, Inecyc, show. During November 201...
Citigroup raises HeidelbergCement price target
Analysts at Citigroup have raised the price target for HeidelbergCement and given the German cement major a "buy" rating. The price target was set at EUR61-62. At a current p...
Lafarge Tarmac sweeps up at the Construction Marketing Awards 2013
Lafarge Tarmac were the big winners at the Construction Marketing Awards 2013, taking home more awards than any other entrant at the prestigious event held in London last Thu...
Poland's monthly cement output rises 13.1% YoY
Poland reported a double-digit rise in cement production during November 2013. However, cement sales slipped marginally during the month. November cement output totalled 1....
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