Brazilian investors eye Mozambican limestone
Brazilian investors have expressed and interesting exploring large limestone deposits in at least four districts of Mozambique’s Nampula province, said the provincial inspector...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cosmos ships 36,000t of clinker to Brazil
Cimpor-owned Cosmos Cement will be shipping 36,000t of clinker from its Spanish Toral de los Vados works to the Brazilian town of Recife. The shipment, which started loading on...
UCG changes staff at Semei and Bekabad
United Cement Group Holding (UCG) has announced changes to its staff at Semei Cement Plant LLP and Bekabadcement OJSC. Melnikov Sergei Nikolaevich was appointed for a positi...
HeidelbergCement invests US$250m in Togo
HeidelbergCement will invest US$250m in the building of a new clinker plant and a cement grinding unit in Togo. The new cement works, which will be located in Tabligbo, around ...
Dangote sets sights beyond Africa
Dangote Cement is expanding out of Africa. While its chairman Aliko Dangote remains firmly committed to the continent and its 40Mta production capacity owned by the company, he...
Ohorongo sounds alarm over cement imports
If infant industry protection cement imports are not left in place, an investment of more than NAD2bn (US$241m) in the Namibian economy and hundreds of jobs created in the proc...
Lafarge wins rail freight ‘Oscar’ for Northfleet reconnection project
Lafarge is celebrating after picking up the highest accolade at the Rail Freight Group’s Awards for its Northfleet rail reconnection project in northwest Kent. At a ...
Vietnam cement sales drop 3.38% Jan-August 2012
Cement sales in Vietnam for the first eight months of 2012 fell 3.38 per cent to 30.58Mt, against the same period of last year and fulfilling 55.6 per cent of the full-year tar...
Pakistan exports see 20.4% YoY rise
Pakistan cement exports during the first two months of the current financial year posted growth of 20.38 per cent compared to the same period of last year. According to data...
Venezuela production reaches 8.2Mt in 12 months
For the 12 months between August 2011 and 2012, cement production in Venezuela stood at 8.3Mt, according to the vice president for Productive Economic Area, Ricardo Menendez on...
Gansu Qilianshan to build joint venture in Tibet, China
Gansu Qilianshan Cement Group Co., Ltd. September 18 announced that the company plans to join forces with a partner to set up a cement 1.2Mta dry-process cement line in Tibet. ...
Higher sales boost Qassim Cement 1H12 net profit, Saudi Arabia
Saudi cement producer Qassim Cement Co (QCC) posted a 5.3 per cent rise in net profit to SAR307.4m (US$82m) for the first half of 2012, up from SAR291.8m a year ago, which the ...
China Resources to meet with investors ahead of planned bond issue
China Resources Cement Holdings Ltd (CRC) is to meet fixed-income investors in Asia and Europe from Monday-Wednesday next week, ahead of a planned five-year dollar bond offerin...
Reliance Cement awaits clearance for new plant, India
Reliance Cement expects to start its first integrated unit located at Mahiyar in Madhya Pradesh, India by mid-2014. However, there may be a gap of six months at least for anoth...
Huaxin Cement’s largest shareholder buys 18.61m B-shares
China-based cement producer Huaxin Cement said that its largest shareholder bought a combined 18.61m B-shares (or a 1.98 per cent stake in the company) between December 23rd, 2...
Atlantic basin rates fall but Capesize provides positive note
After hitting a new record low for the year at 661 on 12 September, the Baltic Dry Index edge up again to 772 one week later. Dahlman Rose attributes the increase to “modestly...
Algeria government in negotiations for ASEC Cement Algeria stake
The Algerian government is negotiating with Egypt's ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm's main stakeholder told the stock exchange...
JPMorgan Raises Holcim To Overweight
JPMorgan Cazenove raises Holcim to overweight from neutral and lifts its price target to CHF70 from CHF56.50 on the notion that the 2Q uptick in emerging market margins could b...
Indonesian cement production forecast to reach 65Mta next year
Indonesian cement production is forecast to hit 65Mta in 2013, up seven per cent on this year’s target of 60.56Mt thanks to volume additions by domestic and new market entrant...
Euro construction falls in July
Euro-area construction output fell for a second month in July, led by declines from Spain to The Netherlands. Construction in the 17-nation euro area fell 0.3 per cent from Ju...
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