Taiheiyo's China subsidiary announces new joint venture
Japan's leading cement producer Taiheiyo Cement Corp announced that its Chinese sub sidiary Taiheiyo Cement (China) Investment Corp, has signed a joint venture agreement with X...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Fitch affirms Central Asia Cement rating revises Outlook upward, Kazakhstan
Fitch Ratings has affirmed Central Asia Cement's (CAC) National Long-Term Rating at 'BB-(kaz)' and revised the joint stock company's Outlook to Positive from Stable. The agenc...
HeidelbergCement announces winners International Quarry Life Award
On 13 December 2012, the awards were presented to the international recipients at a ceremony in Heidelberg. The guest speaker for the event was none other than primate research...
Fiji cement supply shortage continues
Major hardware stores and private house builders on Fiji are still awaiting cement supplies despite the island's sole cement producer stating that production has resumed after ...
Euroconstruct downgrades European construction forecasts
Euroconstruct has reduced its forecasts for European construction output for both for this year and next, with a slow recovery expected for 2014. The forecasts released at i...
Argentina’s cement sales drop in November
Argentine Portland cement shipments, including exports, slipped by 0.9 per cent MoM to 982,116t in November after registering two consecutive months of improvement. Domestic...
CPX Mineração to invest in Bahía cement plant, Brazil
CPX Mineração and Bahía state government have signed a letter of intent to produce cement in the Brazilian state, according to local media. Under the agreement, CPX will inv...
Hail Cement signs loan agreement, Saudi Arabia
Saudi Arabian cement company Hail Cement announced that it has signed a loan agreement with the Saudi Industrial Development Fund on 12 December 2012. The loan amount is SAR...
China Resources Cement to sign coal agreement
China Resources Power said it agreed to supply coal to China Resources Cement with a term of three years from 1 January 2013 to 31 December 2015. According to local press, t...
Barloworld gets 44 Freighliner Columbia truck tractor
Barloworld Logistics has taken delivery of 44 Freightliner Columbias as part of its owner-driver programme for Pretoria Portland Cement (PPC), South Africa. A fleet of 44 Fr...
Eurocement Group to invest over EUR1.5bn in expansion
Russia's leading cement producer Eurocement Group is to invest over EUR1.5bn in five expansion projects of its production facilities until 2015. Among them, the plant in Vorone...
BoA-Merrill upgrades India's cement stocks to 'buy'
Bank of America-Merrill Lynch upgrades its rating across cement stocks to 'buy' from 'neutral' or 'underperform', saying capacity will lag demand, while valuations are below pr...
Tianshan Cement to invest in Xinjiang region, China
Xinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, announced today that it will invest a CNY985m (US$157.6m) to expand its business in Xinjiang Uyghur Autonomo...
PPC buys majority stake in Rwanda cement producer
South Africa’s leading cement producer Pretoria Portland Cement (PPC) has acquired a 51 per cent equity stake in Rwanda-based cement producer Cimerwa Ltd. The deal is worth a t...
Pakistan transporters call off strike
Pakistan cement manufactures and exporters are breathing a sigh of relief following the announcement that the United Goods Transporters Alliance (UGTA) have ended their 11 day...
Euroconstruct reduces European output forecasts
Euroconstruct has reduced its forecasts for European construction output for both 2012 and 2013 with a slow recovery expected for 2014. It its latest forecasts published yest...
Brazil Jan-November cement demand rises 7.6%
Cement consumption in Brazil for the January-November 2012 period reached 63.2Mt, 7.6 per cent ahead of the same period of last year,latest data from Sindicato Nacional da Indú...
Recent orders for Fritz & Macziol from Holcim Russia
Following the implementation of the VAS logistics solution in two cement plants belonging to Holcim Russia, Fritz & Macziol has strengthened its position in the Russian market....
Put option exercised on Cemex's Colombia IPO
Cemex's Latin American subsidiary Cemex Latam Holdings (CLH) will buy back the overallotment portion of its 15 November IPO. The subsidiary will buy the 22.2 million shares ...
Italcementi announces restructuring plan, Italy
Italy’s leading cement producer Italcementi has approved a 2013-14 reorganisation of its domestic operations to cut annual costs by EUR40m (US$52.2m). The plan, named “Project...
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