COMPAT hearing set to resume, India
The Competition Appellate Tribunal (COMPAT) hearing is to resume today over petitions filed by cement companies over the INR63.07bn (US$1.1bn) penalty imposed by the Competiti...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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PT Indocement net profit rises 32.2%, Indonesia
PT Indocement Tunggal Prakarsa, part of the HeidelbergCement group, has reported a 32.2 per cent rise in net profit for 2012. The country’s second-largest cement producer saw...
Lafarge executive visits Pakistan operations
Lafarge's executive vice president of Energy and Strategic Sourcing, Peter James Hoddinott, has visited the group's operations in Pakistan to review its latest sustainability a...
PPC Zimbabwe secures funding for new project
PPC Zimbabwe has secured US$200m to build a second plant, according to local press reports. Chief executive, Zak Limbada, said: “We have secured US$200m for the projects but...
HeidelbergCement expands capacity in Ghana
HeidelbergCement is constructing a new cement mill with an annual capacity of 0.8Mta at its grinding plant in the port city of Takoradi. The investment of US$30m also includes ...
Credit Suisse expects improved Indian pricing environment
The Indian cement sector could see an uptick in cement prices in the first quarter of fiscal 2014 with the biggest improvements expected to be in the north, a report on the sec...
Titan Cement denies headquarter move
Titan Cement has denied reports in the press that it is moving its headquarters from Greece. In response to reports on online and printed media the country's second-largest cem...
Egypt’s Ministry holds talks with cement industry over price concerns
Egypt’s Ministry of Industry and Foreign Trade has said it will take measures to curb rises in cement prices following meetings held with cement companies, according to local p...
China's cement sector faces impact of new property control policies
The Chinese cement sector recovery is likely to face further headwinds in the near-term given stricter property control policies announced on 1 March. The government is t...
Vizag Cement inaugurates slag grinding plant, India
The Vizag Cement Works has officially inaugurated its slag grinding unit at the Visakhapatnam Special Economic Zone, a major industrial centre in the state of Andhra Pradesh,...
Lucky Cement appoints new CFO
Lucky Cement has appointed Muhammad Faisal to be its chief financial officer. ??He replaces Muhammad Abid Ganatra.
Freight prices to receive triple boost
As an oversupply in shipping capacity continues to plague the dry bulk freight market market with the Baltic Dry Index bumping along the bottom, there may be some signs of impr...
Thatta Cement majority shareholder shares stake to consortium
The majority shareholder of Thatta Cement, Pakistan, has sold its stake to a consortium of four private companies. In an announcement sent to the Karachi Stock Exchange last...
Unicem to invest US$500m in new line, Nigeria
United Cement Company (UNICEM) has said it plans to spend US$500m on a second line at it cement works in Nigeria and will boost investments going forward amid an increasingly c...
Credit Suisse sees Indian cement sector expanding
Credit Suisse says margins in India's cement sector should expand over the next two years on the back of price increases and improvement in demand, among other factors. Re...
Habesha Cement appoints new chairman, Ethiopia
Habesha Cement of Ethiopia has appointed a new chairman as well as new board members to reflect changes in the company's shareholding. Tamiru Wondimagegn has been appointed ...
Cemex to supply new hydroelectric plant and tidal barrage in the Nile River
Cemex in Egypt is supplying cement for the construction of a new tidal barrage and hydroelectric power plant in the Nile River that is expected to generate 32MW of energy and a...
UK: falls in construction output point to poor 1Q13
The latest figures from the Office of National Statistics (ONS) published on Friday show that construction output in the UK fell sharply in January, with falls across almost ev...
Vicat grows in Asia
France-based cement major Vicat reported a 1.2 per cent rise in turnover in 2012 to €2292.2m, but the EBITDA declined by 10.9 per cent to €437.4m and the trading profit fell by...
Cementir boosts white cement volumes in China and Malaysia
Cementir Holding increased turnover in 2012 by 6.4 per cent to €976.2m and the EBITDA was ahead by 11.2 per cent to €138.1m as the margin improved from 13.3 per cent to 14.1 pe...
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