Binani Cement abandons Mauritius project
Indian cement maker Binani Cement has pulled the plug on its Mauritius project. A key issue cited by the company are the lack of area granted to the company by the Mauritius P...
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TXI Midlothian Plant Earns EPA Energy Star Award, USA
TXI Operations, LP, a subsidiary of Texas Industries, Inc announced today that its Midlothian Cement Plant has been awarded the 2012 Energy Star® certification for superior ene...
Holcim to modernize Volsk cement plant, Russia
Holcim Russia plans to invested EUR350m for the modernization of its Volsk plant. The project will include the installation of a new semi wet-process production line with a ...
Bolivia’s cement sales up 8.5% to September
Bolivian cement sales continued their upward trend with deliveries to September increasing 8.52 per cent to more than 2Mt, according to the Bolivian Institute of Cement and Con...
Buzzi Unicem expected to revise 2012 EBITDA guidance
Brokerage Equita expects Italian cement maker Buzzi Unicem to report a 21 per cent rise in EBTIDA for the first nine months of 2012 to EUR177m. The third-quarter EBITDA will...
Unacem net profit rises, Peru
Union Andina de Cementos (Unacem) – which comprises the recently merged Cementos LIma and Cementos Andino – reported a net profit to PEN70.3m (US$27m) compared with PEN42m in ...
OCL to raise funds for new plant, India
OCL India Ltd, part of the Dalmia Group, is planning to raise around US$40m from International Finance Corporation (IFC) to support investment for the company's new 1.35Mta gri...
R&I Affirms BBB/a-2, Stable: Taiheiyo Cement Corp
Rating and Investment Information, Inc (R&I) has announced the following: Taiheiyo Cement Corp. Issuer Rating: BBB, Affirmed Rating Outlook: Stable Commercial Paper: a-2, Affir...
Eurocement’s Ukraine operations see further market growth
Plants operating under the Eurocement-Ukraina network produced more than 1.2Mt of cement in the first nine months of 2012. More than 1.22Mt of cement have been sold in the repo...
Tianshan Cement net profit declines, China
Xinjiang Tianshan Cement Co Ltd, a Shenzhen-listed cement producer, reported a net profit of CNY343m (US$54.9m) in the first nine months of 2012, representing a YoY decline of ...
JK Cement signs MoU for new plant, India
JK Cement has signed a memorandum of understanding (MoU) with the government of Madhya Pradesh to set up a cement plant in the Panna district of the central Indian state. Th...
UltraTech second quarter profit surges, India
India’s largest cement producer UltraTech reported a 97 per cent rise in standalone profit to INR5.5bn (US$102m) for the second quarter of the current fiscal FY12-13 but higher...
Cemex announces Latam share offering, Colombia
Cemex said on Friday it plans to offer some 126.6 million common shares of its Cemex Latam Holdings unit to be listed in the Colombian stock market. Cemex Latam Holdings incl...
Mozambique prices expected to fall
Mozambique’s minister of industry and trade Armando Inroga expects cement prices will fall by year-end as production stabilises. Further reductions are expected next year as co...
Sephaku Cement secures cement project funding, South Africa
Sephaku Cement had concluded a ZAR1.95bn (US$226m) funding deal with Standard Bank and Nedbank which will be put towards new capacity in South Africa. The 10-year funding dea...
Increased sales boost ARM Cement's 9M12 pretax profit, Kenya
Kenya’s second largest cement producer ARM Cement (formerly Athi River Mining) said in the first nine months pretax profit rose to KES1.2bn (US$14.1m) from KES296m, driven prim...
Iran forecast to produce 75Mt cement by year-end
Iran is projected to produce 75Mt of cement by the end of the current Iranian year (March 20, 2013), according to local news reports. ISNA quoted Iranian deputy industry min...
PCA, MSHA renew safety alliance, USA
The Portland Cement Association (PCA) and the U.S. Department of Labor's Mine Safety and Health Administration (MSHA) renewed an alliance designed to foster safer and more heal...
Qatar National Cement net profit rises
Qatar National Cement Company (QNCC) posted a net profit of QAR321.4m (US$88.3m) for the nine months period ended September 30, 2012 compared to a net profit of QAR329m for the...
Argos registers 25% rise in third quarter EBITDA
Colombia’s Cementos Argos' third quarter operating revenues reached COP3.2bn as the cement company sold 8.2Mt of cement and 6.4Mm3 of concrete in Colombia, the Caribbean and th...
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