Pakistan first-half domestic sales rise, exports remain under pressure
Pakistan has recorded a rise in domestic cement sales in the first half of the current fiscal but export levels continue to remain under pressure. Latest data from the All ...
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Northern Region Cement set to launch IPO, Saudi Arabia
Saudi-Arabia based cement producer Northern Region Cement Company (NRC) plans to sell 90 million shares in an Initial Public Offering (IPO) starting tomorrow. The company pl...
Federal government steps in to help resolve oversupply dispute, Nigeria
Nigeria’s Federal Ministry of Trade and Investment has stepped in to mediate in a dispute over a supply surplus being created in the local industry. Last week, a statement b...
Saudi Cement Co 3Q12 net profit rises, Saudi Arabia
Saudi Cement Company (SCC) said its net profit for the nine months through September 2012 surged in the first nine months of 2012 compared to the same period of the previous ye...
Chettinad Cement seeks shareholders’ approval for delisting, India
India-based cement producer Chettinad Cement Corporation has begun seeking shareholders approval to delist from the three Indian stock exchanges on which it trades. The com...
Hoang Mai Cement sets 2013 profit target, Vietnam
Hoang Mai Cement (HOM) JSC targets a profit of VND86bn (US$4.11m) this year, according to the company’s chief accountant, Tran Minh Son. HOM is part of the Vicem group which...
Southern Province signs contract for power plant expansion, Saudi Arabia
Southern Province Cement Co (SPCC) has signed a contract with Wartsilla for the expansion of the former’s power generating plant at the Tahama works. The contract was signed...
Cimpor announces members of board of directors, Portugal
Cimpor announced that Luiz Roberto Ortiz Nascimento and André Pires Oliveira Dias have been appointed members of the Board of Directors, following the resignation of Erik Madse...
CRH – acquisition key to growth
A development spending update released yesterday by CRH shows that growth through vertical integration continued to be a key strategy for the Irish building materials major thr...
Gresik achieves record production in 2012
State-owned Indonesian cement producer PT Semen Gresik achieved record production last year and targets further increases this year, according to a senior member of the compan...
South Africa 9M12 sales rise 2.9%
South Africa cement sales for the first nine months of 2012 rose 2.9 per cent to 8.529Mt from 8.290Mt in the same period of 2011, latest data from the Cement & Concrete Institu...
Titan raises EUR200m in bond issue
Greece-based cement producer Titan Cement Co on Thursday successfully concluded a EUR200m bond issue. The new four-year corporate bond (arranged by Eurobank Ergasias SA, Alp...
Nomura initiates Siam Cement coverage with a 'buy'
Nomura initiated coverage of Siam Cement Pcl, Thailand's biggest industrial conglomerate with a 'buy' rating, citing strong cement business on the back of infrastructure spe...
Taiwan Cement and CNBM sign cooperation agreement
Taiwan Cement Corp has signed a strategic partnership agreement with China National Building Material Co (CNBM) to expand cooperation between the two companies. According to...
Gregory M Scott to head Portland Cement Association, USA
Gregory M Scott is to lead the Portland Cement Association as president and chief executive officer. He will head the US cement industry body from its Washington, DC, office a...
China Resources Cement in grinding acquisition, China
China Resources Cement (CRC) has agreed to acquire a 100 per cent equity interest in Hainan Wuzhishan Dajiangnan Cement Ltd. Hainan Wuzhishan Dajiangnan Cement operates a 0....
Mangalam Cement new projects set for 2013 completion
India-based producer Mangalam Cement, part of the BK Birla group, will complete its capacity expansion projects this year. The company is increasing clinker capacity from 1.5Mt...
Holcim sells stake in power generation subsidiary, Philippines
Trans-Asia Oil and Energy Development Corp (TA Oil) has acquired the stake of partner Holcim Philippines Inc in a power plant in Bulacan province. In a disclosure to the Phi...
CRH 's development spend reaches almost €630m in 2012
In an update on its spending for the second half of the year, CRH said it had agreed 18 acquisition and investment initiatives of €375m. The transactions completed since the en...
Pakistan export volumes fall, rise in value terms
During the first five months of the current fiscal (FY12-13) Pakistan exported 3.612Mt of cement and earned US$245.48m compared to 3.624Mt at US$192.31m in the corresponding pe...
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