Development Bank of Ethiopia withdraws Habesha Cement loan
The Development Bank of Ethiopia (DBE) has withdrawn an ETB1.52bn (US$82.9m) loan agreement made with Habesha Cement for construction of a new plant. The bank had approved t...
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Nuh Cimento appoints general manager, Turkey
Hayrettin Sener, factory director of Turkey-based cement producer Nuh Cimento company, has been appointed General Manager as of 1 January 2013.
PPC targets African expansion strategy
PPC said in a trading update that it is pursuing additional buyout opportunities in Africa, which it expects to announce during the year. In its 4Q12 report ended December, it...
Siam Cement profits recover in 4Q12
Siam Cement (SCC) said its profits more than doubled in the 4Q12 after sales rebounded from flooding a year earlier and dividend income increased. Net income was THB6.91bn (US...
Egypt's cement sector faces decline in natural gas supply
In a filing sent to the Egyptian Exchange, Suez Cement reported that Egypt's cement sector is facing a decline in natural gas supply below normal levels. Nevertheless, it said ...
Oman Cement posts 4Q12 record performance
Oman Cement posted the best quarterly performance in the 4Q12 with sales revenue reaching OMR15.308m (US$39.7m) showing an increase of 31.4 per cent YoY and 11.8 per cent on Qo...
Kenya: Cemtech gains cement plant licences
The government has granted all required licences for the construction of the KES12bn (US$136.9m) Pokot Cement Factory. Rajesh Rawal, Cemtech Sanghi's Group director, said it h...
Holcim Apasco: cement consumption in Mexico expanded 3.5% in 2012
Holcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared to 2011. The cement major said the increase in consumption,...
Cement imports into Algeria almost double
Cement imports into Algeria have almost doubled in 2012, according to the National Customs Centre for Informatics and Statistics (CNIS). The import value of construction cem...
Investing in Iranian cement production
Iran’s Bank of Industry & Mine, a specialised government-owned bank which aims to increase economic growth through the development of the industry and mining sectors, has allo...
Amrit Cement India launches new plant, India
Amrit Cement India Ltd (AMIL) has launched its 1Mta cement plant in northeast India. Situated in the Jayantia Hills, Meghalaya, the new cement works will serve the northeast...
Lucky Cement first-half boosted by higher prices, Pakistan
Pakistan’s leading cement producer Lucky Cement has recorded a strong rise in profit for the first half of the current fiscal year, driven by higher selling prices. Profit f...
Semen Indonesia inaugurates Papua packing plant
Semen Indonesia (formerly Gresik) has inaugurated a new packing plant in West Papua, Indonesia. Situated in Sorong and involving an investment of IDR162trn, the new terminal h...
Cargotec appoints new president and CEO
Cargotec's Board of Directors has appointed Mr Mika Vehviläinen, as its new President and CEO. Mr Vehviläinen will start at Cargotec on 1 March 2013. Tapio Hakakari, Cargote...
UK construction falls 11% YoY, further declines ahead
Latest figures by the Office of National Statistics (ONS) show that UK construction edged ahead on a quarterly basis in the final three months of 2012. However, activity declin...
TCL grants contractors waiver on cement hike
Trinidad Cement Ltd (TCL) has granted a 90-day waiver to members of the T&T Contractors' Association (TTCA) on its cement price increase announced at the start of this year, ac...
Yanbu Cement full-year net profit rises 36% YoY
Saudi cement producer Yanbu Cement Co (YCC) reported a surge in full-year net profit thanks to increased demand and a new production line as top capacity players benefit from t...
Southern Province Cement commissions third mill, Saudi Arabia
Southern Province Cement Company started commissioning its third mill at the Jazan plant on 27 January 2013. The commissioning period is expected to be completed by 15 March ...
China Tianrui to issue unsecured bills, China
China Tianrui Group Cement Co is to issue CNY2bn (US$321m) in unsecured bills with a maturity of 365 days on the interbank market on 31 January. The company, which is a leadin...
Penna Cement plans packaging unit, India
Penna Cement Industries is planning a 1Mta cement packaging unit at Panvel, district of Raigad, Maharashtra, India. Land acquisition is currently underway and the project is pl...
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