Iskitimtsement raises 9M12 output, Russia
Iskitimtsement, part of Russia-based RATM Holding, raised cement output by 23.1 per cent YoY to 1.123Mt in January-September, RIA Novosti news reported. Deliveries rose 28.9 pe...
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TRIS assigns TPIPL at BBB+/Stable, Thailand
TRIS Rating Co Ltd has assigned the company rating of TPI Polene PLC (TPIPL) at BBB+ with stable outlook. The rating reflects a strong position of TPIPL in domestic cement mar...
Nigeria eliminates need for imports in first nine months
The Cement Manufacturers Association of Nigeria (CMAN) has stated that Nigeria has not imported cement since the beginning of the year, thus helping the Federal Government’s ai...
Box Int'l to provide technical services for new Al Jouf expansion, Saudi Arabia
Box International Consulting LP, a Texas, US-based cement industry consulting firm, announced today that they been issued a Grant of Authorisation by Saudi Arabia-based cement ...
ACC September cement production up 9%, India
ACC Ltd, part of the Holcim Group, reported that its production in September rose by nine per cent to 1.82Mt from 1.67Mt in the same month of 2011. Dispatches reached 1.80Mt, ...
Eastern Province Cement to add new line, Saudi Arabia
Eastern Province Cement’s management board decided at a meeting on Sunday to build an additional production line, to boost output. The new production line will have a capacity ...
PPC clears second phase of BEE deal, South Africa
South Africa-based Pretoria Portland Cement (PPC) said on Friday that all conditions set for the ZAR1.1bn (US$131.7m) second phase of its broad-based black economic empowerment...
Novacem enters liquidation, UK
Novacem, the carbon negative cement company, announced today that it was suspending operations and entering a Creditors’ Voluntary Liquidation. Novacem co-founder and former ...
ASEC wins renewal of technical management agreement, Egypt
ASEC Holding has signed a technical management agreement with Misr Qena Cement for a second 10-year period. “We are very pleased to have won renewal of this contract, as we fe...
Yanbu Cement sees 22 per cent rise in 3Q net profit, Saudi Arabia
Yanbu Cement’s net profit rose 22 per cent YoY in 3Q12 to SAR152m (US$40.5m) from SAR125m due to increased sales, according to a statement to the Saudi bourse. (Bloomberg)
Bestway Cement's full year profit increases, Pakistan
Pakistan-based cement producer Bestway Cement announced that its profit after tax increased to PKR3.06bn in the year ended 30 June 2012 (FY12) compared to PKR179.230m in the co...
BAML sees 4Q2012 crude prices strengthen
A tightening market for oil sees upward pressure on prices while gas is expected to remain range-bound. The thermal coal glut is expected to need some time to improve, leaving ...
SITA UK to supply solid recovered fuel (SRF) to Cemex in Latvia
Recycling and resource management company, SITA UK, has signed a three-year contract to supply 180,000t of solid recovered fuel to Cemex in Latvia. The fuel will be produced...
FLSmidth MAAG Gear expands production facilities
FLSmidth MAAG Gear has widened the production capabilities at their gear production facilities in Poland. A major investment in the machinery enables FLSmidth MAAG Gear to m...
Pakistan cement export volumes fall 20.8% YoY
During the first two months during FY12-13, Pakistan exported 1.154Mt of cement and earned US$91.356m compared to 1.457Mt at US$75.891m in corresponding period last year. This ...
EAPCC announces new strategy, Kenya
East African Portland Cement Company (EAPCC) of Kenya has announced the appointment of two management positions and revamp its strategy implementation and operations as it aim...
BAI of India seeks government intervention for land acquisition process
The Builders Association of India (BAI) plans to seek government intervention to address pertinent issues such as land acquisition, environmental clearances and reforming the e...
Lafarge divests in US assets to Eagle, market improves
Last week, Lafarge announced the disposal of two cement works and a network of ready-mix concrete plants in Missouri and Oklahoma, USA, to Eagle Materials Inc, adding US$446m (...
Cemex sees Malaysian market growth ahead
Cemex Concrete (M) Sdn Bhd (Cemex Malaysia) is doubling its capital expenditure this year as the continuation of infrastructure building activities would be sufficient to susta...
Iran cement prices increased by 22%
Iran’s ministry of Industry, Mine and Trade announced on 23 September that it is to increase the price of cement by 22 per cent. This is the third price hike in seven years and...
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