Dyckerhoff net profit down on European markets
Buzzi Unicem's subsidiary Dyckerhoff has confirmed that net profit in 2012 fell as declines in Europe could not be offset by volume increases in Russia and the USA. The German...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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USA January shipments rise 5.2% YoY
Cement shipments in the USA and Puerto Rico for January were up by 5.2 per cent than the same month of last year, the latest preliminary data from the US Geological Survey (USG...
Lafarge Zimbabwe to reduce foreign shareholding
Lafarge and the Zimbabwe government have agreed on Lafarge reducing its shareholding in the Zimbabwean cement manufacturer to 49 per cent. “We have agreed with the relevant a...
Clinker import tax hike threatens small, medium-sized producers in Assam, India
Medium and small-sized cement producers in Assam have criticized a proposal by the state government to raise the import tax of clinker by four per cent. The new proposal will...
Panel to review Egypt gas price hikes
A panel of judges is set to review an appeal made by five cement producers over gas price hikes by the Egyptian government, a Cairo administrative court said. According to r...
Cemex prices US$600m in notes, Mexico
Cemex on Thursday priced six-year secured notes for US$600m to pay down debt. The notes, due 2019, to be issued at par, will pay annual interest of 5.875 per cent and will be...
Vicem cement sales rise 30% in Jan-Feb
Vietnam Cement Industry Corp (Vicem) has reported a rise in overall cement and clinker sales for the first two months of the year but export volumes declined. The country’s ...
HSBC Global increases stake in India Cements
HSBC Global Investment Funds has purchased 384,345 shares of India Cements Ltd for an undisclosed sumy, the cement producer said in a notice to the stock exchanges. Following t...
Cementos Molins to reduce workforce
Spain-based cement producer Cementos Molins is to cut 56 jobs at its St Vicenc dels Horts works due to the ongoing crisis in the domestic construction market. The cutbacks wil...
Egypt's Shura Council suggests fixed pricing
Following mounting concerns over recent rises in domestic cement prices, Egypt's Shura Council housing committee (upper house of parliament) has suggested imposing mandatory p...
Gansu Qilianshan Cement sales up 29%
Gansu Qilianshan Cement Group Co Ltd sold 15.25Mt of cement and cement clinker in 2012, representing a YoY increase of 29.16 per cent, sources reported. The company currently...
Operations resume at Awarpur plant, India
Operations have resumed at UltraTech’s Awarpur cement plant in the state of Maharashtra following a temporary closure due to strike action. The 3.6Mta has been shut since 14 M...
HeidelbergCement reduces debt, profit edges ahead
German cement major HeidelbergCement reported increases in revenue and operating income in 2012 as well as a significant reduction in net debt. Revenue for the 12 months to ...
Argentine February shipments decline
Argentine cement plants shipped 839,223t, including exports, representing a decline of 7.1 per cent on February last year, according to the latest data published by association...
Holcim and Heidelberg to operate Cement Australia as a joint venture
Holcim Ltd said Thursday it plans to sell a 25 per cent stake in Cement Australia to HeidelbergCement and operate the company as an equally-controlled joint venture between the...
Lafarge Zambia: sufficient stocks to cater for demand
With Zambia readying itself to co-host the United Nations World Tourism Organisation (UNWTO) General Assembly later this year, the official distributor of Lafarge Zambia’s prod...
Taiwan Cement operating at full rate, China
Taiwan Cement Corp (TCC) is operating at full utilisation rates in China due to increased demand, the company has said. TCC said that workers have returned to construction s...
Indocement nears completion of feasibility study for two plants
PT Indocement Tunggal Prakarsa, Indonesia’s second-largest cement producer, has said it is in the final stages of a feasibility study to build two new plants. Company presiden...
Moody’s upgrades Holcim outlook
Moody’s Investors Service has upgraded Holcim’s outlook to stable, ending 15 months on a negative watch. Moody’s said it changed the outlook citing cash generation as cement ...
Brazil February cement sales edge ahead
Cement sales in the Brazilian cement market in February 2013 reached 5.1Mt, up 2.2 per cent on the same month of last year, according to data released by Sindicato Nacional da ...
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