Thatta’s Cement announces modernisation project, Pakistan
Pakistan cement producer Thatta Cement Company’s announced that its board of directors has approved a plan to improve production efficiency at its cement works through a ‘Balan...
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Shree Cement sees jump in third-quarter net profit, India
India-based producer Shree Cement reported a 267 per cent rise in net profit to INR2174.4m (US$40.4m) for the third quarter of FY12-13 compared to INR591.9m in the same period ...
Nomura cuts China Resources Cement to "reduce"
Investment bank Nomura has downgraded China Resources Cement (CRC) from "buy" to "reduce" and cut its target price to HK$4 from HK$8.30. The research house sees a further down...
Raw material and cement grinding plants for India
JK Cement Ltd of India has contracted ThyssenKrupp Polysius to supply three new grinding plants equipped with POLYCOM high-pressure grinding rolls. The grinding plants are to b...
Taiwan Cement Corp secures syndicated loan, Taiwan
Taiwan Cement Corp (TCC) has secured a five-year oversubscribed syndicated loan of TWD14bn (US$48.29m) from 12 banks, including two Chinese lenders, the company said in a press...
Moody's withdraws Tianrui Cement's rating, China
Moody's has withdrawn its rating for Tianrui Cement’s, the largest cement producer in China's Henan and Liaoning provinces, for its own business reasons. China Tianrui Cement...
Dangote calls for limestone allocation to invest in Ghana
Dangote Cement has said it is yet to receive a limestone allocation from the government of Ghana to invest in local production. The Nigerian cement major is instead having to b...
Spanish demand sees largest drop for over 70 years
Cement consumption in Spain has seen its full-year figures for 2012 fall even further than the pessimistic forecasts predicted by Oficemen in December. Last year, cement deman...
Algeria’s Oggaz plant hits production record
The Lafarge-owned Oggaz cement plant, in Mascara, Algeria, achieved a new production and sales record for grey cement in 2012. Meanwhile, increased output of white cement reduc...
Loesche awarded new contract at Dangote’s Ibese works, Nigeria
Loesche has been awarded a contract by Sinoma International Engineering Co Ltd (NCDRI) for Dangote’s Line 3+4 at its Ibese works in Nigeria. Loesche had previously delivered eq...
UltraTech 3Q hurt by subdued demand, higher freight costs
India’s largest cement manufacturer UltraTech Cement reported a 2.6 per cent fall in net profit for the third quarter of the current fiscal as a slowdown in construction activi...
Nomura cautious on China demand growth and average prices
Investment bank Nomura is bearish on China cement but is less positive than the market on 2Q13 and 2013 demand growth and potential average selling prices (ASP). The house h...
Dalmia Cement to raise northeastern capacity, India
Dalmia Cement plans to invest INR18bn (US$334m) over the next two years to lift capacity to 21Mta through a new greenfield plant and expanding its facilities in northeast India...
Latin America market movements
Three major Latin American countries, Brazil, Peru and Argentina, released full-year consumption figures for 2012 this week with two showing YoY gains while demand in the third...
Indonesia sales forecast to see double-digit growth hat-trick
Indonesian cement consumption is expected to continue its strong growth trajectory and rise by double-digits for the third year in a row, according to estimates by local analys...
PCA revises 2013 consumption outlook upwards
According to the latest forecast from the Portland Cement Association (PCA), there will be an 8.1 per cent growth in cement consumption in 2013, significantly higher than the t...
ABG set to bring new cement ventures on-stream, India
The ABG Group of India is set to start production from its new cement ventures this quarter. Under ABG Cement Ltd, the company is constructing a 3Mta clinker unit in the vi...
Vietnam output reaches 47Mt in 2012
Vietnam-based cement manufacturers produced more than 47Mt of cement in 2012, meeting 85.5 per cent of their full year target, according to an announcement by the Ministry of C...
Foundation stone laid for CIMERWA expansion, Rwanda
The foundation stone for the expansion of CIMERWA cement factory in Rwanda was laid yesterday by the president of the African nation Paul Kagame. The expansion project will ...
Euro area construction output down 0.4 per cent in November
Construction output in the 17-nation euro area decreased 0.4 per cent in November according to first estimates released by Eurostat. In Germany, Europe’s largest economy, Nov...
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