Credit Suisse upgrades HeidelbergCement
Credit Suisse has upgraded HeidelbergCement from underperform to neutral and increased its target price to EUR53.00 from EUR37.00, Dow Jones reports. The bank says a more upb...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Andhra Pradesh prices rise on new capacity additions, India
Cement prices in the Indian state of Andhra Pradesh have come down by about INR10-15/bag following the introduction of new capacity additions. The Business Standard of India r...
Volskcement to increase investment spend, Russia
Volskcement, part of the Holcim Group, plans to increase investment in 2013 to RUB1.59bn (EUR39.74m), Russian press reported. The plant, which is situated in the Saratov Region...
Tangshan Jidong to issue short-term bills, China
Tangshan Jidong Cement Co Ltd has announced that it plans to issue CNY1bn in unsecured short-term bills with a maturity of 365 days on the interbank market on 14 March. The c...
Seacem sells 4.3 per cent in Lafarge Republic, Philippines
Southeast Asia Cement Holdings, Inc (Seacem) has sold around four per cent of its stake in affiliate Lafarge Republic, Inc. "Seacem has... sold 50 million of its shares of st...
UltraTech sales decline 6% in February
UltraTech Cement, India’s largest cement producer, has reported a six per cent decline in February 2013 sales, amid wider concerns of subdued demand across the domestic market....
European cement sector: a strategic contributor to Europe's future – report
A study published by the Boston Consulting Group (BCG), commissioned by CEMBUREAU, outlines the competitiveness of the cement industry in Europe and its role in helping the reg...
Egypt considers levy on cement exports
Egypt’s Ministry of Industry and Foreign Trade Eng Hatem Saleh has said that the ministry is considering imposing a levy on cement exports as a result of increases in cement pr...
Vicat launches Bharathi brand in south Maharashtra market, India
The Vicat Group has launched its Bharathi cement brand in the south Maharashtra market, which is being supplied from its new plant at Gulbarga, Karnataka. The plant, which ha...
Macquarie more positive on China cement sector
Research house Macquarie is turning more positive on the cement sector and expects to see more signs of downstream demand recovery in mid-2013 following a recent market visit. ...
Former SibCem CEO nominated to return as director, Russia
One of Sibirskiy Cement (SibCem) founders, former President and CEO Andrey Muraviev has been nominated for the holding company's board of birectors, according to the RUXX Index...
HeidelbergCement builds grinding facility in Burkina Faso
HeidelbergCement is constructing a new US$50m grinding plant in the west African country of Burkina Faso with local partners, the cement major said in a statement today. The ne...
Italcementi incurs substantial trading losses in Italy and Spain
Italcementi has reported a 2012 trading loss compared to a profit in 2011 as the Italian cement major incurs substantial losses in its domestic market and Spain. Italian prices...
Domestic demand, higher prices boost DG Khan 1H profit
Pakistan-based cement producer DG Khan Cement reported a rise in second-quarter profit-after-tax up of 53 per cent to PKR1.5bn (US$15.3m), thanks to advances in domestic demand...
China Resources in loan agreement
China Resources Cement has entered into an agreement relating to a HK$200m (US$25.8m) three-year term loan facility with a bank. Under the agreement, it shall be an event of d...
Credit Suisse upgrades Taiheiyo Cement, Japan
Credit Suisse has upgraded Japan’s leading cement producer Taiheiyo Cement to Outperform from Neutral and sees improved profits for the company in the next fiscal. The house ...
Tianrui Cement's net profit falls 38.5% YoY
China Tianrui Group Cement announced that the company saw net profit reach CNY783m (125.9m) in 2012, a YoY decline of 38.5 per cent. The Henan Province-based clinker and cemen...
SCG ready to cut electricity usage to deal with shortage
Thailand’s Siam Cement Group (SGC) said it is ready to slash energy usage as Thailand prepares for an impending power supply crisis next month. The Southeast Asian country h...
Titan's profits decline, except in the USA
Titan Cement of Greece reported a 3.6 per cent recovery in turnover for 2012 to €1130.7m, following the 19.2 per cent drop in the previous year. EBITDA, however, continued its ...
Pakistan eight-month sales ahead
Pakistan sales increased 3.2 per cent over the first eight months over the current fiscal, according to initial data released by the All Pakistan Cement Manufacturers Associati...
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