Holcim Philippines sees surge in full-year net profit
Holcim Philippines has reported an 80 per cent YoY rise in net profit as it gains from improvements in operating and process efficiencies as well as a strong rebound in local d...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cementos Portland books capital gain from stake swaps, Spain
Spain-based cement producer Cementos Portland Valderrivas has booked a capital gain of EUR115.6m following the asset swap of its shareholding in Cementos Lemona for Cementos Un...
CRH chief announces retirement by end-2013, Ireland
CRH plc, the international building materials group, announces that Myles Lee, Group chief executive, has confirmed to the board his intention to retire from CRH at the end of ...
Holcim (US) and Aggregate Industries US celebrates Centennial with community service Initiative
Holcim and Aggregate Industries US, a Holcim Group Company, celebrated the centennial anniversary of their parent company, Holcim Ltd in 2012. To mark the milestone, the compan...
CRH boosts American profitability
CRH's turnover improved by 3.2 per cent last year to €18,659m while the EBITDA was off by one per cent to €1640m. There were 36 acquisitions during the year and the outlook for...
HeidelbergCement expands cement capacity in Tanzania
In Tanzania, HeidelbergCement is constructing a new mill with a cement capacity of 0.7Mta at its Wazo Hill plant, some 2km northwest of the capital Dar es Salaam. The investmen...
Holcim less optimistic on European construction market
Holcim said on Wednesday that it was less optimistic about the prospects for the European construction market in 2013 as it reported worse-than-expected earnings for its fourth...
PPC Zimbabwe to build new cement plant
A new US$200m cement plant is to be built by Portland Holdings Ltd (PHL), the Zimbabwe subsidiary of South Africa's PPC, to service the Harare and central Mozambique markets. ...
India: cement industry worried over move on freight tariff
The Indian cement sector has expressed concern about the Railway Ministry’s proposal to pass on the rising costs of fuel on to the freight tariff. Apart from the potential to d...
Tanzanian government accepts cement imports
Tanzania's government has said that it could not put trade barriers on imported cement as requested by domestic cement companies, because local production is still insufficient...
Colombia’s Argos closes 2012 with 25% rise in EBITDA
Argos, Colombia’s largest cement producer, recorded a 25 per cent YoY rise in EBITDA in 2012 and an 82 per cent rise in operating income. The group, which also operates in the ...
Holcim Indonesia sees strong gains in full-year net profit
Holcim Indonesia has reported a 27 per cent jump in 2012 net profit on a strong rise in revenue. Net income for the 12 months to the end of December reached IDR1.35trn (US$1...
Ecuador records 5.6% rise in 2012 cement sales
The Ecuadorian cement market expanded for a second year running as the Ecuadorian Institute of Cement and Concrete (Inecyc) reported a 5.6 per cent rise in dispatches. In 2012...
China Resources in proposed joint-venture agreement, China
China Resources Cement has entered into a two-year framework agreement with Zhihai Group Co Ltd to establish a joint venture. The new venture intends to acquire clinker prod...
CRH and Cementos Portland Valderrivas confirm asset swap agreement
CRH plc and Cementos Portland Valderrivas SA have reached agreement on an asset swap in relation to certain Spanish assets, effective immediately. The deal involves operations...
East African Portland Cement eyes expansion
Kenya’s East African Portland Cement Co (EAPCC) is exploring the option of expanding its operations both at home and in neighbouring Tanzania, according to reports by Reuters. ...
CPA: calls for chancellor to recognise construction potential driver as growth
The UK Construction Products Association (CPA) has called on the Chancellor to recognise the potential construction and product manufacturing has to drive short-term growth and...
Vietnam sees declines in MoM domestic and export sales
Cement producers in Vietnam sold 3.6Mt to the domestic market in January, down 16.28 per cent from the month before due to a stagnant real estate market. The amount sold repr...
Two frontrunners emerge for Jayajothi Cements stake, India
Citi Venture Capital International (CVCI) and Blackstone have emerged as the two private equity (PE) investors shortlisted by the Shriram Group to purchase a stake in its Jayaj...
India’s COMPAT hears petitions on cartel ruling
India’s Competition Appellate Tribunal (COMPAT) has begun hearing the petitions filed by cement firms on a US$1.1bn penalty imposed on them by the Competition Commission of Ind...
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