Fitch Ratings affirms Cimentos Tupi's rating, Brazil
Fitch Ratings has affirmed Brazilian cement producer's Cimentos Tupi's 'B' ratings but has warned that a ratings downgrade could result from delays in the inauguration of the i...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Vietnam first-quarter production rises 2.1%
Vietnam is estimated to have produced 12.4Mt in the first quarter of 2013, representing a rise of 2.1 per cent YoY, the latest data from the General Statistics Office (GSO) sho...
Pakistan cement producers deny cartel
Pakistan cement producers have denied the existence of a cement cartel, telling the Ministry of Industries that they are operating at the lowest rate of return. The Express ...
Lafarge Malayan Cement mulls expansion
Lafarge Malayan Cement may expand capacity in a bid to maintain market share as local rivals increase capacity amid rising domestic demand. The company is the country's lead...
ASEC signs training programme initiative with Minya University, Egypt
ASEC Minya and ASEC Ready Mix, two subsidiaries of ASEC Cement have signed a memorandum of understanding (MoU) with Minya University to help prepare students with the skills th...
Eurocement Ukraine appoints director general
Eurocement Ukraine's supervisory board has appointed Oleh Lopatin as director general for a period of one year, the company said in as statement. He will replace Vitalii Horhol...
Siam Cement to consolidate cement and building materials businesses
Siam Cement Group (SCG) is consolidating its cement and building materials businesses to strengthen its competitiveness for further regional expansion. "There is strong sy...
Vietnam market remains sluggish
The Vietnamese Ministry of Construction said that cement consumption was estimated at 3.7Mt in February, accounting for 7.4 per cent of this year’s plan. The cement market rem...
Moroccan cement market down 18% in 2M13
Cement demand in Morocco during the first two months of the year fell by 18 per cent as the recovery of the construction sector remains out of reach. Total cement consumption o...
DG Khan to buy stake in GS Cimento, Mozambique
Pakistan-based cement producer DG Khan Cement Company (DGKC) has signed a Memorandum of Understanding (MoU) to acquire a majority stake in an upcoming Mozambique cement produce...
Zambia cement demand set for strong growth
Zambian cement demand is forecast to double over the next 10 years, according to the country’s largest cement producer Lafarge Zambia Cement. Domestic consumption in 2012 is ...
China output climbs 10.8 per cent YoY
Cement production in China reached 237.29Mt in the first two months of 2013, an increase by 10.8 per cent from the same period of last year, according to latest data from the N...
Texas Industries third-quarter loss narrows, USA
Texas Industries, Inc reported a net loss of US$5.8m for the third quarter ending 28 February 2013 compared to a net loss of US$24.3m in the same period a year before. “Cons...
Lafarge Nigeria pretax profits more than doubles
Lafarge's Nigerian unit, WAPCO, said its full-year pretax profit more than doubled to NGN21.26bn (US$134.26m), compared with NGN10.34bn a year ago. Turnover also rose to NGN8...
Fritz & Macziol wins another Southeast Asia order from Holcim
Fritz & Macziol have received an order from Holcim Indonesia for its VAS logistic solution to be implemented at its new Tuban cement works. The order follows a contract awar...
Kuwait Cement Company net profit edges higher
Kuwait Cement Company recorded a net profit of KWD14.78m (US$51.9m) in 2012, up 3.6 per cent from KWD14.27m a year earlier, the company said in a bourse filing. The cement pro...
Heracles to permanently close Halkis cement works, Greece
Heracles Cement, the largest cement producer in Greece, is to permanently close the doors on its Halkis cement plant as the company restructures its business to adjust to the s...
Eurocement Ukraine swings to profit
Eurocement Ukraine has reported a rise in net profit for 2012 of UAH37.433m (EUR4.6m) compared to a loss of UAH46.048m in 2011. The company is a subsidiary of a subsidiary o...
MacGregor wins order for cement handling systems in China
MacGregor, part of Cargotec, has secured an order with Shanhaiguan New Shipbuilding Industry in China for advanced bulk-handling systems for a pair of 20,000dwt cement carrie...
Deutsche Bank: Conch to gain greater pricing power, China
In light of slowing demand growth and severe overcapacity in East China, the operating landscape has changed in favour of Conch partly through superior production costs and gre...
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