Cimpor to boost grinding capacity in Mozambique
Cimpor plans to increase its grinding capacity in Mozambique by 220,000tpa through its local subsidiary Cimentos de Moçambique. In the statement published by Portuguese regula...
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ARM Cement to spin off non-cement business
Kenya-based ARM Cement plans to spin off and list non-cement business on the Nairobi bourse within three years. “We are very hopeful that in two to three years, we will have ...
Deutsche Bank downgrades Jaiprakash to “sell”, India
Deutsche Bank downgrades India's Jaiprakash Associates Ltd to "sell" from "hold", due to higher-than-expected debt. The bank says the company's consolidated debt of INR612bn (...
Argos sees higher volumes in 1H13
Cementos Argos has reported a rise in cement volumes for the six months to the end of June 2013 and expects activity in its domestic market of Colombia to accelerate after a sl...
Uruguay to export 0.6Mt to Argentina
Uruguay’s ANCAP will be exporting 0.6Mt of Portland cement to Argentina and Paraguay, thanks to the expansion of its Paysandú works. The exports are scheduled to take place ...
Shriram Cement confirms talks on cement unit sale
India-based producer Shriram Cement has confirmed that it is in talks with investors over the sale of its cement business. The statement came following news reports that CRH i...
Alkitan plans Basra cement plant, Iraq
Pakistan-based company Alkitan has expressed interest to construct a new cement plant in Iraq, the Basra Investment Commission announced. Shakir Ali, general director of Alkit...
Harris Associates builds up stake in Holcim, Switzerland
Holcim said Chicago-based asset manager Harris Associates LB acquired shares in the Swiss cement major and now owns a stake worth CHF654m (EUR530m) Harris notified that it own...
Thai Binh Cement swings second quarter to net loss, Vietnam
Thai Binh Cement JSC swung to a net loss of VND1.5bn (US$70,740) in the second quarter of 2013 from a net profit of VND246m a year ago. The company generated revenue of VND16...
Ecuador enjoys 13% YoY increase in 1H13 sales
Ecuador’s cement producers delivered 523,525t of cement to the domestic market in June, representing a 6.4 per cent YoY rise and a 4.2 per cent MoM increase. In May cement sale...
Jordanian producers strive to increase competitiveness
Overcapacity in the Jordanian cement market is forcing local firms to increase competitiveness amid a challenging operating environment, according to the general manager of Jor...
Cementos Progreso begins building San Gabriel works
Cementos Progreso started construction on its new plant in San Juan Sacatepéquez, 30km of the capital, in northeastern Guatemala. It is expected that construction of the 2....
Indocement to raise prices, Indonesia
PT Indocement Tunggal Prakarsa is planning to raise its cement prices in an effort to help offset an increase in subsidised fuel prices. Indocement’s director, Kuky Permana, ...
Bolivia: Fancesa increases output 18%
Bolivia’s Fábrica Nacional de Cemento SA (Fancesa) increased its production by 18 per cent, delivering an extra 11,000 bags of cement to the market. "We were with 51,000 bag...
Ahangarancement increases 1H13 output and shipments, Uzbekistan
Ahangarancement, part of the Eurocement Group of Russia, produced 565,200t of clinker and 739,500t of cement in the first half of 2013, representing a YoY rise of 12.8 per cent...
Indocement signs contract for new line with Sinoma
PT Indocement Tunggal Prakarsa Tbk has signed a contract for the construction of a new line with PT Sinoma Engineering Indonesia. The new line, known as P-14, will be construc...
Votorantim to sell Shree Digvijay stake to meet SEBI norm, India
Shree Digvijay Cement on Thursday said Votorantim Cimentos will dilute a 0.27 per cent stake in the company to meet the minimum public shareholding norm. “The promoter/prom...
Optimisation projects expected to lift TCK net profit, Bosnia
Bosnian cement maker Tvornica Cementa Kakanj (TCK) expects its net profit to rise by 20-25 per cent to some BAM11-12m (EUR5.6-6.1m) thanks to optimisation measures. TCK’s ce...
HeidelbergCement India to raise capacity further by 2017
HeidelbergCement India plans to more than double cement capacity by 2017 by adding some 9Mta of new volumes. The Indian arm of the German cement major has a capacity of 6Mta...
Limak Group places order for seven Gebr Pfeiffer VRMs
The Limak Cement Group of Turkey has ordered seven mills, three raw mills, three cement mills and one coal mill, from Gebr Pfeiffer SE to upgrade its Pinarhisar, Ankara und Bal...
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