Siam Cement in talks for European acquisitions
Siam Cement is in talks to buy building materials, petrochemical business in Europe, according to its chief executive Kan Trakulhoon. Mr Trakulhoon told reporters that the com...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Thach My secures new loan, Vietnam
The Bank for Investment and Development of Vietnam (BIDV) is to provide a loan to Thach My for its new cement plant under construction in the central province of Quang Nam L...
Jiangxi Wannianqing expects 60-70% profit fall, China
Jiangxi Wannianqing Cement Co Ltd estimates that its net profit decreased 60-70 per cent YoY in 2012, compared with a net profit of CNY506m (US$81.4m) in 2011. The company Shen...
Sinoma awarded contract for new Indonesian line
Sinoma International Engineering and Indonesian producer PT Cemindo Gemilang have entered into an operation contract for a new clinker line at cement plant in Banten Province, ...
Brazil's domestic dispatches rise 6.9% YoY
Preliminary data and market estimates indicate that in 2012, total sales by Brazilian producers to the local market reached 68.3Mta, representing an increase of 6.9 per cent ...
Clinker dispatches resume from Chittagong port, Bangladesh
The dispatches of imported raw materials for the cement industry from Chittagong Port of Bangladesh to cement plants resumed on 12 January after the Bangladesh River Transport...
Call for higher tax on Irish cement sector windfall profits
The Irish cement industry is getting tens of millions of euro annually in windfall profits due to anomalies in the EU Emissions Trading Systems (ETS), according to the chief ...
US shipments rise 10% from Jan-October 2012
Total shipments of Portland and blended cement in the United States and Puerto Rico for October 2012 were about 8.1Mt, almost 10 per cent greater than shipments in October 2011...
UBS lifts China Resources Cement
UBS lifted its target price for China Resources Cement (01313) to HK$5.5 from HK$5.05, but downgraded the stock to "neutral" from "buy". It said CR Cement's share price has ri...
PCA appoints Ed Sullivan as Vice President, USA
The Portland Cement Association (PCA) has appointed Edward Sullivan as group vice president in addition to his role as chief economist. Sullivan will oversee the activities ...
Morroco to add 5.9Mta of new capacity by 2017
Competition is intensifying in the cement sector in Morocco, as existing players gear up for another phase of capacity development. While cement demand cooled in 2012 following...
Lafarge sells aggregate quarries in Georgia
Lafarge announces it has signed binding agreements for the sale of six aggregates quarries in Georgia (USA) for a total enterprise value of US$160m. These assets represent l...
Bangladesh: strike disrupts inland clinker transport
An indefinite strike by the Bangladesh River Transport Workers’ Federation has disrupted the transport of imported clinker from Chittagong Port to cement plants through inland ...
Cemex develops standardised water management project
Cemex has developed a methodology to standardise water management across all of the company’s operations. Starting this year, this methodology will be rolled out to all of the ...
JP Morgan cautious near term outlook on India cement sector
JP Morgan cautions the near-term outlook for Indian cement companies remains "hazy", in contrast with market consensus for a strong V-shaped recovery in infrastructure spending...
Vicem net profit rises 36% YoY
Vietnam Cement Industry Corporation (Vicem) said it made a net profit of VND660trn (US$31.62bn) in 2012, rising by 36 per cent from a year earlier, despite a fall in domestic d...
HeidelbergCement Ukraine appoints board chairman
The supervisory board of HeidelbergCement Ukraine has appointed Tide Silvio as the company's board chairman on 9 January, the company said in the press-release. Silvio has bee...
Mixed bag of Q3FY13 earnings for Indian cement producers
A weakness in cement prices and softening demand in the region is expected to hit Q3FY13 earnings of some of India’s cement producers. Only ACC and Ambuja are forecast to record...
SINOMA accelerates southwest expansion with Taiwan Cement
China National Materials Group Corporation Ltd (SINOMA) and Taiwan Cement Corporation recently inked agreement in Hong Kong for strategic cooperation. Both sides will exchange...
Canada: carbon tax hurting cement industry
British Columbia (BC) Conservative leader John Cummins has spoken out against the provincial carbon tax, claiming it threatens to kill the cement industry in Canada. “The BC ...
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