HeidelbergCement cancels S&P ratings agreement
HeidelbergCement has cancelled its long-standing rating agreement with the rating agency Standard & Poor's (S&P). Its agreements with FitchRatings and Moody's will continue ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Gebr Pfeiffer to supply VRM to Scantogo
Sinoma-owned Chengdu Design & Research Institute of Building Materials Industry Co Ltd, the general contractor for Scantogo's new 5000tpd cement production line in Togo, has aw...
Holcim continues Colombian feasibility study
Holcim approved the continuation of the feasibility study to build a new cement plant in Colombia. According to Miguel Angel Rubalcava, Holcim’s president in Colombia, the inve...
Tarmac & Lafarge UK joint venture appoint key directors
Anglo American plc and Lafarge announced the appointments of their 50-50 UK joint-venture’s chairman, CEO and CFO. Jamie Pike will be the non-executive chairman, Cyrille Ra...
Lucky’s US$160m Vietnam investment short on raw materials
Chen Liang-chuan, the founder of the Taiwan-based Lucky Cement Corp, may see his US$160m into He Duong Cement Co, Nin Binh, Vietnam in 2008 evaporate as the project has found i...
India imposes export barrier for Pakistani cement
India has made cement exports subject to a performance bank guarantee of US$10,000 to be supplied by exporters. In a letter issued by the Bureau of Indian Standards (BIS) to...
Lucky Cement plans Indian plant
Pakistani cement producer Lucky Cement has expressed interest in establishing a manufacturing plant in India. “Currently, Lucky Cement is contemplating having a direct pres...
Vanda Prima to build IDR1.4tn cement works
Indonesian private cement producer Vanda Prima Listri announced plans to build a IDR1.4tn (US$145m) cement works in the Grobogan district of Central Jakarta. “If realised, t...
Schwenk invests EUR20m in grinding unit
Germany’s Schwenk Zement will invest EUR20m in a new grinding plant, which is slated to work more efficiently, with lower energy requirement and reduced noise levels. Part o...
Qatar awards Line No. 5 consultancy contract
Qatar National Cement Co (QNCC) has signed a consultancy services’ contract with Belgium’s Basse Sambre for the construction of its fifth cement line. Under the terms of the...
Holcim makes centenary CHF5m donation
For 40 years, the Ernst Schmidheiny Foundation has been supporting special project weeks designed to provide young people in Switzerland with a grounding in economics and busin...
Low Paraguay river makes INC clinker transport difficult
The low levels of the Paraguay river are making transport of clinker more difficult. The current water level is adding 20% to the clinker transport bill of Industria Nacional d...
Pakistan’s October exports fall but 4MFY12-13 exports see rising value
Pakistan’s cement producers recorded a fall in cement exports to 741,782t at US$43.68m when compared with the September figure of 745,237t at US$54.96, declines of 0.46% and 20...
Suez Cement to invest US$40m in environmental upgrade and fuel adjustments
Suez Cement is planning to invest around US$40m over the next couple of years to enhance environmental performance at its plants as well as switching partly to coal and refuse,...
Askale Cimento orders first vertical roller mill
Askale Cimento Sanayii TAS is currently building a new 4000tpd clinker production line in Gümüshane, located about 100km south of Trabzon near the Black Sea, Turkey. Ankara-ba...
Gansu Cement to raise RMB1.68bn via rights issue
Gansu Qilianshan Cement Group Co plans to raise up to RMB1.68bn via a rights issue. The company will sell 142m shares to its shareholders at a ratio of three new shares for ...
Loesche mill increases lignite dust production by 0.5Mta
Germany’s Loesche GmbH commissioned the new coal mill, type LM 28.3D at RWE Power AG’s Ville/Berrenrath plant. The new vertical roller mill will cover the increasing demand for...
CRH cuts costs and eyes emerging markets
CRH showcased a credible, bottom-up cost savings plan during its recent analyst day in London, UK. Cost savings are expected to offset more than 75% of the impact of lower volu...
Cemex to return to profitability in 2013?
Mexican cement producer Cemex is seen on track to return to profitability as soon as 2013, according to analysts quoted by Reuters. The company recently refinanced US$6.7bn ...
Kuwait investors to build cement plant in Budaka, Uganda
President Museveni broke ground for the construction of a cement plant in Daka village, Budaka District, Uganda. The new 5000tpd factory will be constructed by the Dao Group...
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