Prosperity Minerals to dispose of its stake in TCC Liaoning, China
Prosperity Minerals has signed a conditional sale and purchase agreement with TCC International Holdings Ltd to sell its 16.11 per cent interest in TCC Liaoning for CNY144.5m ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Coboce’s Irpa Irpa expansion nears completion, Bolivia
Coboce’s second line at its Irpa Irpa plant is nearing completion as international experts perform final cold tests. Civil works, electrical and mechanical assembly were compl...
Cementos Lima fine US$2.2m for unfair trade practices
Peru’s leading cement producer, Cementos Lima, has been fined PEN5.7m (US$2.24m) for unfair trade practices. The penalty was imposed by Indecopi, the country’s Institute for ...
HeidelbergCement advances in Asia and Africa, but does less well in Europe
The preliminary figures from HeidelbergCement show an 8.7 per cent advance in turnover last year to €14,020m, or by 4.2 per cent on a comparative basis. EBITDA improved by a m...
TCC International issues profit warning
TCC International Holdings Ltd could be facing a 60 per cent drop in 2012 profit due to slowing demand and pricing pressures in China. The company, a subsidiary of Taiwan Cem...
Cemex Lat'Am publishes 2012 results
As a result of the flotation of a minority stake in the Central and South American operations of Cemex, Cemex Latin American Holdings' 2012 results have just been published for...
Italcementi: European decline largely offset by Asian improvement
Italcementi's group cement shipments in 2012 saw a decline of 6.6 per cent to 45.9Mt with cement volumes being down in Europe and in the Middle East, but improving elsewhere. ...
Holcim (US) names Filiberto Ruiz President and CEO
Holcim US has named Filiberto Ruiz as the company's president and chief executive officer. Ruiz's appointment also includes serving as president and chief executive officer of ...
Eagle Materials trading profit almost trebles, USA
Eagle Materials' turnover, including its share of the Texan cement joint venture with HeidelbergCement, rose by 22.7 per cent to US$366.32m for the six months to the end of Sep...
Vicat advances in India and Kazakhstan
Vicat's turnover increased by 1.2 per cent in 2012 to €2292.2m, which becomes an underlying decline of 0.2 per cent on a like-for-like basis. Turnover in cement was ahead by 1...
Lafarge Mauritius raises cement price by 7%
Lafarge Cement Mauritius Ltd has announced it will raise the price of a 50kg bag of cement following Holcim's move to increase prices by six per cent at the start of this year....
Cemex expected to narrow fourth-quarter loss
Cemex is expected to narrow its net loss in the fourth-quarter of 2012 from a year earlier, helped by improved performance in its main US market and cost reduction. A Reuters ...
ETS: 2013 distribution of free allowances postponed
On 25 January 2013, the European Commission announced a delay in the distribution of free allowances to industrial installations participating in the EU Emissions Trading Syste...
UltraTech Cement plans to raise US$100m from IFC
UltraTech Cement plans to raise approximately US$100m from the International Finance Corporation (IFC) to support its US$297m expansion in Chhattisgarh. According to local ...
Lafarge Pakistan appoints new CEO
Lafarge Pakistan Cement has appointed Amr Ali Reda as its new Chief Executive Officer (CEO) for a term of three years, the company informed the Pakistan Stock Exchange. The ...
Northern Region Cement stocks soar on day one of trading, Saudi Arabia
Saudi-Arabia based cement producer Northern Region Cement tripled on its first day of trading in Riyadh, Bloomberg reports. The stock soared to SAR30 at the close in the Sau...
Portugal’s cement demand drops 26.9% in 2012
Cement consumption in Portugal fell by 26.9 per cent last year to lows not seen since 1973. According to a report released today by the Portuguese Federation of Construction I...
Pakistan's domestic sales rise 10.1% in January
Pakistan’s domestic consumption continues to uphold sales with latest industry data for January show another decline in exports. According to data from the All Pakistan Ceme...
UK construction contracts for the third month
UK construction output fell for a third consecutive month in January, according to a survey from the Chartered Institute of Purchasing and Supply (CIPS). January was the fir...
Chettinad Cement gets shareholders’ nod for delisting
Chettinad Cement announced that it has received shareholders' approval to delist the company’s shares from the stock exchanges. In a filing to the Bombay Stock Exchange (BSE...
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