Yanbu Cement records 25.5% YoY rise in quarterly net profit
In the quarter ended 30 September 2012, Yanbu Cement saw total revenues fall 21.4% to SAR339.6m (US$90.5m) and net profits slipped from SAR215.6m to SAR156.7m when compared to ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Sharjah Cement Factory signs MoU with Etihad Rail
UAE’s Sharjah Cement Factory has signed a memorandum of understanding with Etihad Rail which will enable the cement producer to transport more than 5Mta of cement and raw mater...
National Cement to open new 1.65Mta Nairobi works
National Cement announced plans to open a new 1.65Mta cement works in the outskirts of Nairobi, Kenya. The company said it received an undisclosed loan from KCB Group, raw m...
IL&FS Trust Co ups stake in India’s Deccan Cement
Deccan Cement reported that IL&FS Trust Company increased its stake in the Indian cement producer by 2.01% to 19.82%. The transaction, understood to have taken place betwee...
Dangote orders 500 heavy-duty trucks from Beiqi Foton
Nigerian cement producer Dangote Cement has awarded the contract for 500 Foton-Daimler heavy-duty trucks to Beiqi Foton, one of China’s largest commercial vehicle manufacturers.
US cement demand to rise or fall depends on resolution timing
Although cement consumption and overall US construction activity increased significantly more than expected in 2012, these gains would be immediately erased in 2013 if the fisc...
Zimbabwe’s PHL agrees ownership deal with government
PPC-owned cement producer Portland Holdings Ltd (PHL) has agreed an ownership deal with the Zimbabwean government and plans to invest US$200m to expand its operations in the co...
Bosowa starts construction on US$130m clinker unit
PT Semen Bosowa Maros officially started construction on a new clinker plant in South Sulawesi as part of its expansion programme. Located in Maros, Kiln Plant Line 2 will incr...
Maple Leaf Cement expects to record highest net profit in six years
Pakistani cement producer Maple Leaf Cement Factory Ltd (MLCF) is expected to be on track to record its highest net profit in six years on improved price realisation and lower ...
Indonesia’s October cement sales up 10.7%
Cement sales in Indonesia rose 10.7% YoY in October with the highest growth in the Moluccas and on Papua. October sales in the areas stood at 87,316t, representing a 68.5% hike...
Paraguay’ INC plans to increase cement prices
Industria Nacional del Cemento intends to raise the price of cement to offset its high production costs. While no official figure has been released yet, data indicate that the ...
US cement consumption falters
United States cement consumption in September fell 2.3 per cent versus the same month last year, representing a reversal of the growth trend for the first time in 2012. Accordi...
Adocem reports fall in domestic demand
The Dominican cement association Adocem reports that this year to date has seen a decline in cement consumption. In the first 10 months of the year, cement demand in the Domini...
PPC prepares for start Riebeeck modernisation
With the environmental authorisation by the Western Cape Department of Environmental Affairs and Development Planning for phase two of its Riebeeck modernisation in place, Sout...
NCP opposes new Samba cement plant
The Indian Nacionalist Congress Party (NCP) has strongly criticised the decision of the Jammu and Kashmir government for a new cement plant in Samba district, saying that the p...
Sibirsky Cement sales up 6% in 10M2012
Russia’s Sibirsky Cement increased its sales by 6% to 3.561Mt in the first 10 months of 2012, the company said in a press release. The company’s production rose by 5.5% to 3...
Indian government deallocates coal blocks
India’s Ministry of Coal has issued deallocation letters for eight coal blocks, putting into action a recent decision by the Inter-Ministerial Group. Government has issued let...
Vietnam cement stocks rise to 4Mt in Jan-Oct
Vietnam’s cement inventory rose by 51.3% YoY to 4Mt in the first 10 months of 2012, including 1.4Mt of Vietnam Cement Industry Corporation (Vicem), according to the country’s M...
Egyptian Steel ventures into cement
The Qatari-Egyptian steel producer Egyptian Steel will be investing around US$250m in a new cement works. The venture will seek to acquire a cement licence out of the seven the...
Lafarge and Anglo American sell UK assets to Mittal
Lafarge and Anglo American agreed to sell UK assets for up to GBP285m, clearing the way for their building materials joint venture, according to Reuters. The sale, to Indian s...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
