Peru dispatches rise 16.8%
Shipments of cement in the Peruvian market totaled 6,098,738t from January to August 2012, 16.84 per cent more than the same period of 2011 (5,219,828t), the Association of Cem...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Indian producers signal possible price hike
Indian cement producers have indicated that prices may have to be hiked to absorb increased freight charges as diesel prices are hiked. Speaking to the Hindu, JK Lakshmi Cem...
Morgan Stanley sees China recovery from 4Q12
Morgan Stanley (MS) believes that the China cement industry showed some early signs for recovery, noting that prices have stopped declining on rising property construction fol...
Kohat Cement plans waste heat recovery project, Pakistan
Pakistan cement producer Kohat Cement is planning to construct a 9MW waste heat recovery project (WHRP). Sources say the plant will reduce electricity dependency on the nati...
PPC appoints new chief audit executive, South Africa
Pretoria Portland Cement (PPC) appoints Phuti Semenya, a qualified Chartered Accountant as the Chief Audit Executive. This appointment is in line with the PPC strategic imperat...
UK construction activity contracts 10.1% in 2Q12
UK construction sector activity was down 10.1 per cent in the year to July, official figures from the Office for National Statistics (ONS) said. The three months between May-...
Global market outlook
Analysts at Jefferies International have recently provided an update on their expectations for global cement markets. While prospects for the US are improving, emerging markets...
Dubai Group in talks for Lafarge Emirates stake sale, UAE
The Dubai Group is in talks to sell its 45 per cent stake in its UAE joint venture with Lafarge, according to reports by Reuters. Lafarge Emirates Cement, set up in 2005, is ...
Court ruling threatens to nullify Cemex stake in Assuit, Egypt
Cemex said on Thursday its Egyptian unit Assiut Cement Co has learned of a preliminary ruling by a court in Egypt that could nullify the agreement under which Cemex bought a ma...
Yamama Cement 1H net profit rises 22%, Saudi Arabia
Saudi cement producer Yamama Cement Company reported a 22 per cent YoY rise in its net profit to SAR487m (US$129.8m) for the first half of 2012, up from SAR400m a year ago. Th...
Katavsky Cement sets new production record, Russia
Katavsky Cement, part of Russian market leader Eurocement Group, produced 146,008t of cement in August 2012, surpassing last year’s record of 138,005t. According to these figur...
Siam Cement sees 10% rise in domestic demand, Thailand
Siam Cement Group (SCG) expects domestic cement consumption to be double than its earlier forecasts for 2012 as demand is on the path of recovery. Kan Trakulhoon, the preside...
Ship faces detention in Ireland over claims of unpaid wages
A ship carrying cement was facing detention in Drogheda on the east coast of Ireland last night due to an almost €80,000 in alleged unpaid crew wages, according to reports in t...
Brazilian monthly sales up 7.3 per cent YoY
Cement consumption in the Brazilian market totaled 6.3Mt in August, representing a rise of 7.3 per cent YoY, data from Sindicato Nacional da Indústria de Cimento (SNIC) shows. ...
Qassim Cement to add new line, Saudi Arabia
The management board of Saudi cement producer Qassim Cement Co (QCC) approved at a meeting on Monday the installation of a new production line with a daily production capacity ...
Argentina sees August declines
In August 2012, Argentina cement producers shipped 860,601t, including exports, a decrease of 5.6 per cent from July and down 16.5 per cent on August 2011. The latest data f...
National Cement to begin trial productions, Ethiopia
National Cement SC, Ethiopia is expected to begin production in October in an expansion project which began in 2005. According to reports in the Addis Fortune, National Cemen...
Can Tho Mineral & Cement 1H12 net profit falls, Vietnam
Can Tho Mineral & Cement JSC (CCM), listed on the Hanoi Stock Exchange, said it made a consolidated net profit of VND5.67bn (US$272,000) in the first six months of this year, ...
Tongli Cement to see restricted shares become tradable
On 11 September Henan Tongli Cement Co Ltd, a Shenzhen-listed cement producer, said that 96.24 million of its restricted shares will be tradable on 13 September. The shares acc...
UltraTech Cement mandates SMBC for loan, India
UltraTech Cement Ltd has awarded a sole mandate to Sumitomo Mitsui Banking Corp for a syndicated loan, sources said. One source said the deal size is between US$50m and US$100...
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