UltraTech Cement in talks to buy ABG Cement plant, India
India’s largest cement producer, UltraTech Cement, is in talks to purchase an incomplete 6.7Mta cement plant in Gujarat owned by the ABG Cement group, the Economic Times of Ind...
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Cimpor and InterCement announce Brazil asset merger
Cimpor’s board of directors has approved the merger of two of its subsidiaries in Brazil, namely Cimpor Cimentos do Brasil and InterCement Brasil, Cimpor announced. Both compan...
Dyckerhoff improves cement profits in Russia and the USA
Preliminary figures from the Buzzi Unicem subsidiary Dyckerhoff show turnover edging ahead by 0.2 per cent to €1603m in 2012. Of this, 37 per cent wa...
Fitch Assigns Initial 'BBB-' IDR to Cementos Pacasmayo SAA
Fitch Ratings has assigned the following initial ratings to Cementos Pacasmayo: Foreign currency Issuer Default Rating (IDR) 'BBB-'; Local currency IDR 'BBB-'. The Rating Outlo...
Dangote Cement reopens Gboko plant, Nigeria
Dangote Cement has resumed operations at its Gboko plant in Benue State, Nigeria, due to strong demand. The company closed the plant in December because of a glut in the mar...
Five killed in Ambuja Cements industrial accident, India
An industrial incident at Ambuja Cement’s plant in Balodabazar district, Chhattisgarh, has claimed the lives of five factory workers. Local press have reported that the fata...
Hima Cement to curb emissions, Uganda
Hima Cement Factory is about to embark on an environmental upgrade to improve emissions at its plant in Kasese district, Uganda. The cement producer is to begin a project in...
Iranian cement production rises 4.6 per cent
Iranian cement production output continues its upward rise, having increased by 4.6 per cent YoY over the past 10 months. A total of 58.62Mt was produced in the first 10 m...
UK construction: calls for real activity
Following disappointing 2012 figures, the UK construction sector is braced for another tough year ahead and industry bodies are stressing the need to boost activity across the ...
Indian prices see improvements in January
Indian cement prices have improved through January following a sharp fall in December, the Economic Times of India reports. Delhi, Bangalore and Hyderabad proved to be the only...
Loesche acquires majority stake in aixprocess and aixergee, Germany
Loesche announced it has acquired the majority of stakes in the aixprocess and aixergee engineering companies based in Aachen, Germany. aixergee GmbH is specialised in the o...
Cementir improves profits in spite of lower volumes
Cementir Holding saw turnover advance by 4.6 per cent to €976.2m, helped by better prices, and the EBITDA improved by 11.1 per cent to €138.0m. Net debt at the end of 2012 was ...
ABB wins energy optimisation contract from CRH
ABB has recently won a contract with CRH Europe Materials to provide process optimisation solutions for 12 of its plants in Europe and the US. CRH is a member of the World Bu...
Bolivia expects to double cement imports in 2013
State-owned Insumos Bolivia (IB) expects to double the import of Peruvian Yura cement this year from 1.3m bags in 2012 to 2.5m bags, or 5.9Mt, in 2013. IB director general, ...
Holcim France to close Dannes kiln
As western Europe is faced with overcapacity in cement capacity, Holcim France has announced the closure of its wet-process kiln at Dannes. Citing a 20 per cent decline in t...
Kenya set to see decline in 2012 consumption
Kenyan cement consumption is set to register the first decline in three years. Provisional data for 2012 from the Kenya National Bureau of Statistics shows that consumption is ...
Colombia’s cement output drops 1.3% in December 2012
Colombia’s grey cement production fell 1.3 per cent YoY in December 2012 as output slipped to 948,400t, according to the national statistics agency DANE. In terms of dispatc...
South Korean producers to initiate cement price hike
Leading cement producers in South Korea are set to initiate a cement price increase from next month in an effort to offset rising production costs. Notification has been sen...
HSBC downgrades Holcim
HSBC downgrades Holcim to neutral from overweight and raises target to CHF77 from CHF75 on expectations of a recovery in cement company earnings. "Our forecast is reinforced by...
Fitch Affirms Siam Cement at 'A(tha)'; Outlook Stable
Fitch Ratings (Thailand) Limited has affirmed The Siam Cement Public Company Ltd's (SCC) national long-term rating at 'A(tha)', its national short-term rating at 'F1(tha)' and ...
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