Colombian market update
In August 2012, grey cement production in Colombia reached 939,600t, representing a growth of 0.2 per cent over the same period of 2011, according to data released by Departame...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Texas Industries reduces quarterly net loss, USA
Texas Industries, Inc reported a net loss of US$2.7m for the quarter ended 31 August 2012, against a loss of US$7.4m in the same period of last year as shipments and pricing im...
Dalmia Bharat to buy Adhunik Cement for INR5.60bn
Dalmia Bharat Enterprises Ltd said Friday it has signed an agreement to acquire Adhunik Group's cement unit for about INR5.60bn (US$106.3m). Under the deal, Dalmia Cement Bha...
Chinese prices climbs for third time in September
Cement price in the south China has just climbed for the third time in September, according to local press reports. Traditionally, the fourth quarter is the peak season for s...
Exports drive Akmenes’ growth, Lithuania
Lithuania’s sole cement producer Akmenes Cementas is operating at almost full capacity as it benefits from its strategy to increase exports, business daily Verslo Zinios report...
Jiangxi Wannianqing cement approved to issue corporate bonds
Jiangxi Wannianqing Cement Co Ltd, a manufacturer and distributor of Portland cement and cement clinker, said on September 27th that it won approval from China Securities Regul...
China Resources Cement to issue US$400m credit enhanced senior bonds
China Resources Cement said it has priced the US$400m 2.125 per cent credit enhanced senior bonds due 2017 following a book-building exercise conducted by DBS as sole global co...
Fecto Cement's profit after tax increases, Pakistan
The profit after tax of Pakistan cement producer Fecto Cement Ltd increased to PKR346.729m in the year ended June 30, 2012 (FY12) compared to PKR65.433m earned in the correspon...
Paraguay’s cement sales pick up in July-August
Cement sales in Paraguay increased in July and August, even before the reactivation of public works. In fact, the two months were the first in the year in which Industria Nacio...
Ashaka Cement sees profits rise 54 per cent
Nigeria-based Ashaka Cement plc has reported a YoY increase in profits of 54 per cent from NGN1.614bn (US$10.3m) to NGN2.489bn for 2Q2012 ended 30 June 2012. The company saw tu...
Fauji Cement reports PKR377m in FY12 profit
Pakistan’s Fauji Cement Company Limited (FCCL) reported PKR377m (US$3.97m) profit after paying tax in FY12 compared with PKR359m in FY11. Though FCCL achieved a 3.7x YoY gro...
Ambuja Cements wins safety awards
Ambuja Cements has won two national awards for safety at its Rabriyawas plant in Rajasthan. The company bagged the first prize for its good performance in industrial safety...
Continental Cement Co to upgrade clinker storage facilities
Continental Cement Company LLC has agreed to complete a Supplemental Environmental Project (SEP) valued at US$300,000 at its Hannibal (MO) facility. The SEP is part of a consen...
India’s cement transport by rail falls 11.8 per cent
A rise in freight charges has seen a drop in cement volumes carried by Indian Railways. In August, cement volumes carried by rail fell 11.8 per cent YoY to 7.52Mt as rail fares...
UBS: China cement sector to outperform next six months
UBS believes China cement demand has bottomed and cement inventories are falling. Moreover, cement prices have picked up with the national average price rising for the past fou...
Cemex launches Fortium ICF
Cemex announced the US launch Fortium ICF, a new construction material specifically engineered to reduce the time and material needed to build vertical concrete wall systems, s...
Indian cement prices slip due to delayed monsoons
Low cement demand in India has put a downward pressure on cement prices across the country, correcting them by around INR7-10 (US$0.13-/0.19)/bag since Monday. Construction ...
Taiwan Cement and Asia Cement to upgrade environmental equipment in China
Anticipating stricter environmental regulations for cement producers in China, Taiwan Cement Co plans to invest TWD700m (US$23.8m) to upgrade its NOx and SOx abatement equipmen...
Fourth terminal for Cochin Port, India
India’s Cochin Port Trust (CPT) plans to set up a fourth cement terminal in Willingdon Island. The new terminal, with a capacity of 100,000t, will be built in response to de...
Shriram EPC to raise INR4bn for cement works
India-based Construction and engineering company Shriram EPC Ltd expects overseas private equity investors to pick up a 30-35 per cent stake in Shree Satyajyothi Cements in the...
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