Saudi cement market records further volume expansion
Saudi cement companies saw profits rise 8.2 per cent as cement demand in the kingdom continued to expand on the back of large projects, said Global Research in its June 2013 re...
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Thailand: Asia Cement predicts revenue growth deceleration
Italcementi-owned Asia Cement expects slower revenue growth in 2014 as it forecasts a weaker domestic market and uncertainty over the government’s THB2trn (US$64bn) infrastruct...
JK Cement expands capacity to support sales volume
JK Cement is increasing capacity by 3Mta through two split-grinding units of 1.5Mta each in Haryana and Rajasthan in the northern region, lifting its grey cement capacity to 10...
Cement traders threaten to halt cement imports of storage rate hike
India’s cement traders threatened to halt imports of cement from Pakistan via the Attar-Wagah land route unless a considerable hike in storage charges is rescinded. The Land...
Pakistan export earnings rise in first two months
Pakistan cement exporters have had a good start to the current fiscal, with volumes and earnings up on an annual basis. During July and August 2013, Pakistan exported 1.62M...
VDZ honours Duncan Herfort for outstanding contribution to cement production
Duncan Herfort, chief scientist of Cementir Holding SpA (Aalborg Portland), has been awarded the Klaus Dyckerhoff Prize for his outstanding work in the field of cement producti...
Asia Cement sees slower 2014 revenue growth
Asia Cement, the Thai-based subsidiary of Italcementi, expects slower revenue growth next year due to a weaker economy and domestic demand. While this year's revenue is esti...
HSBC downgrades Holcim on emerging markets slowdown
HSBC has downgraded Holcim to neutral from overweight and also reduced its target price to CHF72 from CHF77, citing weaknesses in emerging markets. The bank says an emerging...
APCMA elects new chairman for 2013-14 term
Muhammad Ali Tabba of Lucky Cement Company Ltd has been unanimously elected as chairman of the All Pakistan Cement Manufacturers Association (APCMA) for the 2013-14 term. Sa...
Mykolaivsement announces supervisory board reshuffle
As a result of the recent change in ownership from Lafarge to CRH, Mykolaivtsement has announced changes to its supervisory board including the position of chairman. Supervi...
Jaiprakash shortlists new round of divestments
Hot on the heels of selling its Gujarat cement facilities to UltraTech earlier this month, Jaiprakash Associates has initiated talks to sell two units in the Indian state of Hi...
Maple Leaf full-year profit boosted by higher cement prices
Maple Leaf has reported a over a six-fold rise in annual net profit for FY13 driven in part by higher cement prices and lower coal costs. According to a notice sent by the co...
HSBC cuts target price for China Shanshui Cement
HSBC Research cut its target price for China Shanshui Cement to HK$3 from HK$4.2, and downgraded the stock from "overweight" to "underweight". The research house thinks expec...
Fabrika Cementa Lukavac to export to Libya
Bosnia-based cement producer Fabrika Cementa Lukavac is set to export 30,000t of cement to Libya by the end of the year, local media said on Wednesday. The first two trains w...
Baticim new mill put into operation, Turkey
Baticim Bati Anadolu Cimento Sanayii has put its new vertical raw mill for finish cement into operation. The mill has a capacity of 380tph, Baticim said in a bourse filing.
Pakistan September sales seen rising on higher domestic demand
Pakistan cement sales are expected to increase by six per cent YoY in September 2013 on the back of a rise in domestic demand. Dispatches are forecast to climb to 2.76Mt for ...
Limak awards KHD contract for 3500tpd line, Turkey
The LIMAK Bati Group has placed an order with KHD Humboldt Wedag for a new 3500tpd line at its Trakya cement plant, near the town of Pinarhisar, in the Thracian region of Turke...
Hong Leong Industries in corporate restructuring
Hong Leong Industries Bhd (HLI) is selling its 100 per cent stake in Hume Industries (Malaysia) Sdn Bhd for MYR48m (US$14.9m) and preference shares in Hume Cement Sdn Bhd for M...
Lafarge appoints new Russia CEO
Lafarge has appointed Andre Martin as its new chief executive of its Russian division, replacing Alex de Valukhoff. Mr Martin had previously had previously served as senior v...
Cimentos de Mocambique begins trial tests on new mill
Cimentos de Mocambique has started trial tests of a new mill at its Dondo works, local press have reported. With this investment, the company will increase capacity by around ...
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