Spain's cement consumption fall accelerates
The latest cement sales figures coming out of Spain offer little, if any, hope for the country’s cement producers that business may be picking up. While in August, a 34 per ce...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Breedon Aggregates withdraws from Tarmac/Lafarge asset bid, UK
Breedon Aggregates, the building materials group, said it has withdrawn from bidding to acquire assets being off-loaded by Lafarge and Tarmac. The two firms have been forced...
ACC reports 52 per cent rise in 2QFY13 net profit
ACC Ltd reported the growth of 52 per cent in its consolidated net profit for the second quarter of FY12-13 and expects its sales volume to increase in the next quarter as the ...
Argentine shipments see MoM gains
In September 2012, Argentina shipments (including exports) reached 907,186t, representing 5.4 per cent increase compared to August. However, compared to September last year, s...
Pakistan cement producers post first quarter profit
Two leading Pakistan cement manufacturers have reported a rise in first quarter FY13 profit. Maple Leaf Cement Factory Limited posted PKR384.409m profit in the quarter ended ...
Gansu Qilianshan Cement net profit drops, China
Gansu Qilianshan Cement Group reported a 3.95 per cent YoY decline in third quarter net profit to CNY141m (US$22.5m). In the first three quarters, net profit fell 57.48 per ce...
Semen Gresik to issue US$150m global bonds next year, Indonesia
PT Semen Gresik plans to issue US$150m of global bonds in 2013 to finance its plan to buy a smaller rival in Southeast Asia, Reuters reported the company’s CEO Dwi Sutjipto say...
FLSmidth secures funding for R&D investments
FLSmidth has signed a loan agreement totalling EUR130m with the Nordic Investment Bank (NIB). The loan is earmarked for investments in research and development activities. Th...
Five Holcim plants receive Energy Star, USA
Holcim (US) Inc announced today that five of its plants have earned the US Environmental Protection Agency's (EPA) prestigious ENERGY STAR®. "It is with great pride that once ...
BofAML says China cement industry trends turned positive
Chinese cement stocks have rebounded 20 per cent since early September, and Bank of AmericaMerrill Lynch believes the industry outlook tends to turn positive as new production ...
Port confident on proposed Holcim plant, New Zealand
PrimePort Timaru is staying confident the proposed Holcim cement plant will go ahead despite it being further delayed, according to reports by the Timaru Herald. A said a deci...
Sibirsky Cement nine month output rises, Russia
Sibirsky Cement increased cement output 5.3 per cent YoY to 3.148Mt in the nine months to September 2012, the company said in a statement. Sibirsky Cement, which comprises th...
LV Technology to raise funds for cement project in Myanmar
LV Technology (LVT) will issue 396.69 million new shares to raise funds to invest in a cement business in Myanmar through a unit of the Max Myanmar Group of Companies, accordin...
JPMorgan acquires 2.41m H-shares in Conch Cement
JPMorgan Chase & Co purchased 2.41 million H-shares in Anhui Conch Cement Co Ltd, a major cement producer in China, at HK$ 24.28 per share, a total value of HK$ 58.62 million, ...
Semen Gresik opens new Tuban cement plant, Indonesia
State-controlled cement maker Semen Gresik has opened its IDR3.18trn (US$332m) cement factory in Tuban, East Java, in the presence of Indonesia’s State Enterprises Minister Dah...
AfriSam to expand in Eastern Cape
South African cement producer AfriSam announced that it had signed a lease agreement with the Coega Development Corporation (CDC) to establish a grinding and blending plant in ...
New Mexican cement player to enter the market
Privately-held Mexican conglomerate Elementia, part-owned by billionaire Carlos Slim plans to list shares on the local exchange and is launching a cement company on the Mexican...
Anhui Conch Cement sees strong September sales and output growth, China
The start of peak seasonal demand in China has boosted Anhui Conch's September sales and output as average prices register weekly gains. A China Securities Journal report sa...
Brazilian cement sales rise 3.2% in September
Preliminary estimates show that Brazilian cement consumption reached 5.7Mt in September 2012, a 3.2 per cent increase on the same month of last year. Data from Sindicato Naci...
Aditya Birla resumes talks with Jaypee over cement assets – report
The Aditya Birla Group has restarted negotiations with Jaikprakash Associate’s to buy out its Jaypee Cement Corp plants in Gujarat and Andhra Pradesh, the Economic Times (ET) o...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
