Muger Cement Enterprise plans coal conversion project, Ethiopia
Ethiopia’s Muger Cement Enterprises is considering proposals from two Chinese suppliers to award a turnkey project for converting the current Heavy Fuel Oil (HFO) clinker burni...
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Latin American cement demand rises in 2Q2012
Cement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out ...
Chile notes 12 per cent increase in construction activity
Chile’s monthly index of construction activity, Imacon, registered a 12 per cent YoY rise in August, surpassing the 0.72 per cent increase noted in July. Javier Hurtado, direc...
Holcim to close Hungarian plant
Holcim is to close its cement factory in the Hungarian city of Labatlan (N Hungary) by next year, communications director of Holcim Hungaria Zrt., Iren Marta told local press ...
Seacem in voluntary buy back offer, Philippines
Southeast Asia Cement Holdings Inc (Seacem) is launching a voluntary tender offer to buy back up to 93 percent of its shares in exchange for a mix of shares in its majority-ow...
Cemex signs agreement for Dominican Republic home construction
Cemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commerc...
Nalanda Capital cuts stake in Shree Cement, India
Nalanda Capital has sold around half of its holding (3.25%) in Shree Cement. The fund sold around 1.61 per cent or 561316 shares for INR3800.84 per share, aggregating around I...
Cementos Portland acquires new unloading equipment, UK
Cementos Portland Valderrivas has invested EUR1m in a new unloader to speed up bulk discharges from ships in the port of Ipswich terminal, one of two that the group has in the ...
Southern Province Cement 3Q12 up 11.7 per cent, Saudi Arabia
Saudi Southern Province Cement Company said on Sunday its third-quarter net profit rose by 11.7 percent over last year's figure due to higher local demand. The company said n...
New Nigeria cement plant under planning
The Abuja Chamber of Commerce Industry, Mines and Agriculture (ABUCCIMA) announced it is to build a cement factory in Abia state, Nigeria, in partnership with foreign investors...
Deliveries to Lebanon decline during Jan-July 2012
Cement deliveries to Lebanon declined by 5.32 per cent YoY to 3,075,466t during the first seven months of 2012, from 3,248,415t a year earlier. On a monthly basis, deliverie...
S&P rates China Tianrui senior unsecured notes 'B'
Standard & Poor's Ratings Services today assigned its 'B' issue rating to a proposed issue of U.S. dollar-denominated senior unsecured notesby China Tianrui Group Cement Co. Lt...
New research highlights critical economic role of the mineral products industry
New research from leading economic consultancy Capital Economics has highlighted the critical role of the minerals products industry to the UK economy. The Capital Economics re...
Cyprus Cement to examine restructuring plan
The Board of Directors of Cyprus Cement Company Public Ltd announces that it will meet on Wednesday, October 17, 2012 to examine the restructuring plan of the existing corporat...
Construction held by challenging macroeconomic environment
A recent research note by analysts at CM-CIC Securities sees four main themes for the global construction sector in light of a prevailing harsh macroeconomic environment. While...
Paramount unveils plans for former Lafarge plant site, UK
Paramount Pictures has unveiled plans to build one of the world’s biggest theme parks in Britain – creating 27,000 jobs at a former cement works. The huge GBP2bn attraction...
Caribbean Cement looks to Venezuela contract to revive sales
Caribbean Cement Company Ltd (CCCL) is hoping a new supply agreement with Venezuela will revive sales but fears elections will impede the deal, according to reports in the Jama...
Cemex sees 9% increase in 3Q12 operating EBITDA
Cemex said on Thursday it expects to report a nine per cent rise in operating cash flow in the third quarter of 2012, compared with the year-earlier period, although sales in d...
Siam Cement partial tender offer for Siam Global
Siam Cement PCLsaid it will launch a tender offer to purchase around a third of building materials distributor Siam Global House PCL from 5 October to 9 November, according to ...
Pakistan cement sector profitability improves in FY12
Pakistan’s cement sector closed FY12 with profitability growing eight per cent with improvements being seen for both larger and smaller producers. Total industry sales were 32...
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