Dyckerhoff shareholders approve Buzzi offer
The shareholders' meeting of Dyckerhoff AG gave the go-ahead to the squeeze-out launched by parent company Buzzi Unicem SpA on all outstanding ordinary and preferred Dyckerhoff...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Saudi Cement reports 5.9% second-quarter rise
Saudi Cement Co reported a 5.9 per cent increase in second-quarter net profit on Monday, thanks to increased demand. The company posted a second-quarter net profit of SAR307m...
Prosperity Minerals confirms merger offer, China
Prosperity Minerals Holdings Ltd confirmed that it has received an initial approach from Prosperity International Holdings Ltd with a view to a possible offer being made for th...
Indonesia sales reaccelerate in June
Cement sales in Indonesia have reaccelerated in June following a slowdown in the previous month as demand recovers outside of Java. However, a more reduced growth rate is expec...
US April shipments decline marginally
Total shipments of Portland and blended cement in the USA and Puerto Rico in April 2013 were about 6.7Mt, slightly down from the same month of the previous year, latest data fr...
San Miguel Corp plans Philippine expansion
Philippine conglomerate San Miguel Corp (SMC) plans to invest in new manufacturing facilities to increase its market share. Company president Ramon Ang said SMC has invested ...
Fitch affirms Lafarge's BB+ rating, France
Fitch has affirmed at BB+ the long-term issuer default rating (IDR) of Lafarge as well as its senior unsecured rating. The long-term IDR's outlook is stable. The affirmation ...
Higher volumes and sales boost Yanbu first half, Saudi Arabia
Yanbu Cement Co's first-half net profit rose by 44.7 per cent YoY to SAR521m (US$138.9m), thanks to higher production and sales volumes supported by the start of its kiln line ...
Cimpor starts exporting from Portugal to northern Brazil
Cimpor has started its first exports to northern Brazil from Portugal, according to local press reports. The first shipment of 28,000t of cement has already reached the port...
Siam Cement 2Q13 earnings growth forecast
Siam Cement Co is expected to report YoY robust earnings growth thanks to impressive performances from its three core businesses including its cement division. KGI Securitie...
Cemex to raise Mexican cement prices by 4%
Cemex said Thursday it plans to raise prices of grey cement in Mexico by about four per cent starting next Monday. The increase will compensate for higher raw material costs t...
Birla Corp to raise capacity to over 13Mta, India
India's Birla Corporation plans to expand its cement capacity over the next three years involving an investment of INR25bn to raise capacity from 9.3Mta to 13.8Mta. Harsha L...
Asia Cement forecasts higher 1H net profit
Asia Cement (China) expects its unaudited net profit to more than double for the six months to the end of June 2013 compared to the same period of last year. The 100 per cent ...
Lafarge Canada launches new safe and sustainable bagging solutions
Lafarge Canada Inc announced three new additions to its packaged cement offerings in eastern Ontario, Quebec, and Atlantic Canada. Effective this month, Lafarge Canada will be ...
Guatemalan residents protest against new local plant
Guatemalan residents are protesting against a factory under planning by Cementos Progreso in San Juan Sacatepéqyuez, some 30km northwest of Guatemala City, according to local p...
Texas Industries fourth-quarter net profit declines, sales rise
Texas Industries Inc reported that its fourth-quarter net income declined to US$44.14m as the prior-year results included a higher gain from asset sales. However, the compan...
UltraTech Cement commissions Karnataka clinker plant, India
UltraTech Cement said it has commissioned its 3.3Mta clinker plant at Malkhed in Karnataka, taking capacity from 53.9Mta to 57.2Mta. The company continues to invest in new ...
Gebr Pfeiffer grinding mill for Lafarge cement works in Russia
Lafarge Cement has opted for a Gebr Pfeiffer vertical roller grinding mill to be installed at its Ferzikovo works in Russia. The MPS 5300 BC with a drive power of 5500kW will p...
Vietnam first-half sales update
For the first six months of the year, Vietnam sales were 22.68Mt, according to latest data from the Ministry of Construction (MoC). The amount represents 46.8 per cent of the f...
Hima Cement completes installation of new bag filter, Uganda
Hima Cement Ltd, part of the Lafarge group, has completed the installation of new bag filter technology at its Kasese plant in Uganda to bring stack emissions in line with glob...
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