Italcementi launches five-year bond, Italy
Italcementi, the fifth-largest cement producer in the world, has launched a five-year bond of EUR350m at an issue price of EUR99.477 and a coupon of 6.125 per cent, according t...
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Gebr Pfeiffer to supply VRM to Turkey
CATIC Co Ltd, headquartered in Beijing and acting as general contractor for a new cement production line in Turkey, has ordered an MPS 5000 B vertical roller mill for raw mater...
AfriSam receives positive response to new sales initiative, South Africa
South Africa-based cement producer AfriSam has received a positive response from members of several rural communities to a pilot initiative that is seeing the cement giant sell...
Zuari Cement recognised for marketing activities
Zuari Cement has won the 2012 Zee Business brand excellence award for Marketing Communications. This annual award is endorsed by the World Brand Congress & Asian Confederati...
Lafarge improves operational performance
Full-year 2012 results published by global cement major Lafarge showed strong growth in emerging markets and improvements in operational performance, and it now expects to meet...
Semen Indonesia to conduct equipment tenders for two new projects
PT Semen Indonesia is to conduct tenders this year for the procurement of equipment for two new projects. The company is to add another line at its Padang works on Sumatra a...
BUA cement plant set for 2014 completion, Nigeria
BUA’s new 3Mta cement plant, currently under construction in Edo State, Nigeria, is on track for completion in early 2014, according to the group’s chairman. Alhaji Abdulsama...
Cementos Pacasmayo full year sales rise 16.6%, Peru
Peruvian cement producer Cementos Pacasmayo’s reported that cement sales volume increased by 16.6 per cent in 2012 compared to 2011, and 14.2 per cent in 4Q12 compared to 4Q11....
Adelaide Brighton posts modest rise in net profit, Australia
Australian building materials producer Adelaide Brighton has posted a 3.8 per cent rise in net profit as mining and resources projects in certain regions offset weakness in res...
Fauji Cement swings to profit, Pakistan
Fauji Cement reported a rise in net profit in the first half of FY13 compared to a loss in the same period of last year. The Pakistan-based producer also reported a strong rise...
Sanghi Industries 2QFY13 sales up 26%
Sanghi Industries reported a 26 per cent rise in turnover for the second quarter of the year ended 31 December to INR286.3 crore. According to reports in the Business Standar...
Majority stake in Zeal Pak Cement to be sold, Pakistan
The majority shareholder of Pakistan cement manufacturer Zeal Pak Cement, Sardar Mohammad Ashraf D Baluch (Pvt) Ltd, plans to its 64 per cent controlling stake in the company. ...
Vicat to cut costs and maintenance expenditure, France
French cement major Vicat is cutting spending on maintenance and other costs as it aims to hold onto domestic market share. Speaking in an interview with Bloomberg, Vicat Ch...
Opening ceremony held for new Lebap cement works, Turkmenistan
Turkish company Polimeks Insaat Taahhüt ve San Tic AS has inaugurated its Lepab Cement Factory which is set to help meet growing domestic demand due to the construction boom in...
Binani Industries plans to sell 40% stake in cement arm, India
Binani Industries in talks to sell up to a 40 per cent stake in its subsidiary Binani Cement to raise capital to cut debt and expand cement capacities. The company is said t...
Holcim Croatia posts operating loss amid challenging market conditions
Holcim Croatia posted an operating loss of around HRK18.8m (EUR2.5m) last year as the domestic cement industry continues to face difficulties, and the near-term outlook for dem...
CMA calls for a reduction in excise duty, India
Ahead of the government’s forthcoming Budget, the Cement Manufacturers Association of India has called for a reduction in the current excise duty on cement to bring it more in ...
Lafarge's 2012 consolidated sales rise on higher prices, emerging markets
Lafarge reported a 3.5 per cent rise in consolidated sales for 2012 driven by price increases across all product lines, higher cement volumes in Latin America and Asia and favo...
Cementos Bio Bio raises output 8% in 2012
Chilean cement producer Cementos Bio Bio increased its production by eight per cent YoY from 1.5Mt to 1.6Mt in 2012. As a result, the company, led by Hernan Briones, was able ...
EU December construction output falls MoM
Construction output fell by 1.7 per cent in the euro area EA17 and by 2.7 per cent in the EU27 in December 2012, compared with the previous month. The largest monthly declines ...
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