South Africa cement project secures loan
South Africa-based Nedbank and Bank of China have agreed to provide a ZAR800m (US$86m) loan for a 1Mta greenfield cement plant in Limpopo. “A master finance agreement was en...
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TernaCem – a new alternative binder concept
In an effort to tap the further potential for CO2 reduction, HeidelbergCement Technology Center (HTC) has been working on the development of alternative binders and and it now ...
Ecuador February cement sales rise 13.4%
Cement sales in Ecuador in February 2012 increased 13.4 per cent YoY to 447,928t compared to 395,047t in the same month of last year, data from the Ecuadorian Institute of Ceme...
Indian producers struggle with flat market growth
Indian cement companies are experiencing challenging market conditions as subdued demand during the peak season is preventing producers from raising prices. Speaking to loca...
Semen Indonesia to begin Myanmar construction next year
PT Semen Indonesia is set to start construction of a new plant in Myanmar next year as part of the country's regional expansion drive. Citing the company’s president directo...
Lafarge Cement Zimbabwe pledges funds towards community development
Lafarge Cement Zimbabwe has pledged US$3m towards the Mashonaland East community share ownership fund to meet the requirements of the country’s economic and empowerment regulat...
Huaxin Cement sees net profit down 48.32% in 2012
Huaxin Cement Co Ltd, part of the Holcim Group, said net profit last year fell 48.32 per cent to CNY556m (US$91m). It attributed the reduction to severe price competition and i...
Holcim Lanka appoints new CEO, Sri Lanka
Philippe Richart, formally responsible for the readymix concrete business in Holcim Vietnam, has been appointed CEO of Holcim Lanka, effective 1 March 2013. The change of CE...
Dangote forays into to oil and gas sector
Aliko Dangote, CEO of the Dangote Group, is moving into the oil and gas sector as he eyes up Chevron and Shell oil fields to feed the group’s planned US$9bn refinery, the large...
Anhui Conch net profit hit by weaker prices, China
Anhui Conch reported a 45.6 per cent in net profit for 2012 due to weaker average selling prices. The company reported net profit of CNY6.31bn (US$1bn) last year as average ...
Pakistan exports rise 24% YoY in value
Pakistan has reported flat growth in export sales in terms of volume for the first eight months of fiscal 2012-13, but a strong advance has been reported in terms of value than...
Asia Cement (China) net profit falls 70%
Asia Cement (China, a subsidiary of Taiwan-based Asia Cement, has reported a drop in annual net profit and revenue due to declining prices. The company posted net profit of ...
TPI Polene to construct new kiln line, Thailand
Thailand-based cement producer TPI Polene is to construct a new line at its Saraburi cement works as steady growth on the local market is expected to continue. The Bangkok Pos...
UltraTech commissions clinker and grinding projects, India
India’s leading cement producer, UltraTech Cement, has commissioned two new cement facilities as part of its ongoing expansion drive. The company has informed the Bombay Sto...
Northern Region Cement halts production, Saudi Arabia
Saudi Arabian cement producer Northern Region Cement (NRCC) has had to halt operations following the ordered closure of the road leading to the plant which is preventing truck ...
Cimpor: restructured for growth
Following the restructuring of Cimpor and asset swaps with InterCement Austria Holding, the Portuguese cement major is looking forward to an increased footprint in Latin Americ...
Indonesia cement sales rise 8.2 per cent in February
Indonesian cement sales rose 8.2 per cent to 4.39Mt in February 2013, according to the country’s largest cement producer Semen Indonesia citing data from the Indonesian Cement ...
Cementos Portland considers Spanish plant closure
Cementos Portland is considering the closure of one of its plants in Spain, due to the continued downturn in the Spanish cement market. Juan Bejar CEO of the company’s major...
ThyssenKrupp awarded new Holcim Indonesia cement plant project
ThyssenKrupp Polysius has won a contract from PT Holcim Indonesia Tbk, to build a second cement plant near the town of Tuban on the northern coast of the island of Java. The ...
Credit Suisse lowers China Shanshui Cement target price
Credit Suisse lowered its target price for China Shanshui Cement to HK$4.2 from HK$5.5, and maintained its "neutral" call. The house expects unit gross profit to soften in 201...
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