Fitch affirms Holcim (Costa Rica) rating
Fitch Ratings has affirmed it AAA(cri) rating with a stable outlook for Holcim (Costa Rica) and its subsidiaries, according to a report from the ratings agency. The rating i...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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China's changing dynamics
The dynamics between small and large players in the Chinese cement industry could all change next year on the back of a number of new policies led by a change in tax rebate pol...
Indonesia monthly sales growth picks up
Sales in Indonesia increased by 7.9 per cent in October, having experienced slowing growth in recent months. Data from the Indonesian Cement Association shows October sales r...
Thang Long delivers export shipment to Peru
Thang Long Cement JSC has exported 30,000t of bulk cement to Peru, its first shipment to the country and largest consignment so far this year. Since May, the Vietnamese cem...
Contract awarded for new East Timor plant
POSCO E&C Australia Pty Ltd announced it has won a US$350m project to build a cement plant in East Timor. The Timor-Leste Cement plant, owned by BGC (Australia) Pty Ltd, will...
Pakistan November dispatches decline, prices hold firm
Pakistan cement dispatches in November fell six per cent compared to the previous month but cement prices have risen by four per cent since the start of the current fiscal. P...
UltraTech Cement appoints independent director
India’s largest cement producer UltraTech Cement said its board of directors has appointed Arun Adhikari as additional director (Independent) to the board, effective 3 December...
Sino-Zimbabwe boosts clinker capacity
Sino-Zimbabwe has completed phase one of its plant modernisation programme by increasing clinker production capacity by 40 per cent. Capacity of the plant has now been increa...
Colombian market expands 14% in October
Colombia’s cement production jumped 18.4 per cent YoY to 1.4Mt in October while deliveries increased by 13.9 per cent to 1.032Mt, according to the country’s national statistics...
Sephaku Cement grinding project on-track
Sephaku Cement said its new grinding plant near Delmas in Mpumalanga, South Africa, is 95 per cent complete and is on-track to start production early in the new year. The 1.4M...
HeidelbergCement issues Eurobond
HeidelbergCement yesterday priced a Eurobond issue under its EUR10bn EMTN programme with an issuance volume of EUR500m and a maturity date of 21 October 2021. The proceeds of t...
Prism Cement's credit metrics seen improving from FY15
India-based cement producer Prism Cement Ltd is expected to see an improvement in credit metrics from FY15 on the back of an overall improvement in operating efficiency and an ...
MPA Cement publishes first full Sustainable Development Report, UK
The UK's Minerals Products Association (MPA) – Cement, today published its first full sustainable development report. Marking a significant change from traditionally reporting ...
Cemex cautiously optimistic on Latvian outlook
Cemex is cautiously optimistic on the outlook for Latvian construction activity in 2014 as a pick-up in activity is starting to be seen. Cemex country CEO Enrique A Garcia s...
Buzzi to modernise Maryneal works, USA
Buzzi Unicem USA plans to upgrade its Maryneal cement works in Texas, USA, which will more than double capacity at the plant and reduce its environmental footprint. Capacity a...
Vietnam: Jan-Nov cement sales increase
Vietnam has reported a double-digit rise in sales over the first 11 months of the year, with exports up 63 per cent YoY. A total of 55.2Mt of cement was sold over Jan-Nov 201...
Al-Amoudi plans new Ethiopian ventures
Ethiopia’s biggest private investor, Mohammed al-Amoudi, plans to construct two more cement factories in the country, according to reports by Bloomberg. Saudi billionaire al-A...
Sichuan Shuangma to acquire stake in Dujiangyan Lafarge
Sichuan Shuangma Cement Co says it plans to acquire a 25 per cent stake in Dujiangyan Lafarge Cement from Lafarge China Offshore Holding Company for about CNY832m (US$136.5m). ...
Temporary lay-offs at Brookfield plant, Canada
Lafarge Canada plans to layoff 31 of about 50 unionised workers at its Brookfield plant in Nova Scotia during December as part of a cost-cutting measure. Plant manager, Scart...
HeidelbergCement plans India bond placement
HeidelbergCement India plans to raise INR3.7bn (US$59.4m) by issuing non-convertible debentures on private placement basis. "... subject to receipt of various approvals, ...
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