Competition tribunal serves notice to CCI
The Competition Appellate Tribunal ( COMPAT) has served notice to the Competition Commission of India and the Builders Association of India regarding the INR6307 crore (US$1.1...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Indonesian August sales dip
Indonesia's domestic cement sales fell 0.1 per cent in August from a year ago, data from PT Semen Gresik Tbk showed on Wednesday. August sales were 3.6Mt, the lowest since Sep...
Greek 1H12 construction contracts 12%
Greek construction activity shrank by an annual 12 per cent in the first half of 2012, leaving the industry on course for a seventh consecutive year of contraction as the cemen...
New cement grinding plant for Guinea
Ciments de l‘Afrique (CIMAF) and Polysius France have signed a contract for the construction of a cement grinding plant and a cement dispatch centre in Guinea. The order com...
IBAU HAMBURG delivers road-mobile ship unloader to Sanghi Industries, India
IBAU HAMBURG has recently delivered a road-mobile ship unloader, ordered by Sanghi Industries Ltd. for their Mumbai Cement Terminal. The road-mobile ship unloaders for mini b...
Balsa Nova works begins operation, Brazil
The Balsa Nova works of CIA de Cimento Itambè, situated near the city of Curitiba in southern Brazil, has started production. The new plant features a 3000tpd kiln line built ...
Krasnoselskstroymaterialy output increases, Belarus
Belarussian cement manufacturer Krasnoselskstroymaterialy produced nearly 1.3Mt of cement in January-August 2012, 2.6 per cent up on the same period of last year, BelTA reporte...
Holcim Philippines names new CEO
Holcim Philippines Inc has announced the appointment of Filipino executive Eduardo Sahagun as its new chief executive officer, effective 1 January 2013. The current presiden...
Chettinad Cement to invest in power project, India
Indian cement producer Chettinad Cement is planning to invest around INR1300 crore by way of equity in associate company Chettinad Power Corp, which is to use the funds to set...
Iranian output rises three per cent in first five months
Total Iranian cement production reached 30.5Mt in the first five months of the Iranian year (beginning 21 March 2012), a rise of three per cent compared compared to 29.6Mt prod...
Cemex clears refinancing deal, considers asset sales
Cemex will extend maturities of bank loans by three years after its restructuring offer won acceptance from creditors holding 92.6 per cent of the debt. The offer had to be a...
Steppe Cement posts first half loss, Kazakhstan
Kazakhstan-based cement producer Steppe Cement Ltd posted a consolidated loss after tax of US$0.1m for the six months ended 30 June 2012. Revenue six months ended June 30 were...
Indian producers appeal fine, India
A total of 10 out of 11 Indian cement companies fined in June for cartel practices have approached the Competition Appellate Tribunal to contest the ruling. Sources said the ...
Chinese stocks boosted on approved government infrastructure projects
China cement firms are outperforming the broader market on hopes that the government's recently approved infrastructure projects will boost their earnings; Anhui Conch Cement i...
DG Khan full-year profit rises, Pakistan
Pakistan cement producer DG Khan Cement reported a profit-after-tax of PKR4.10bn (US$43.3m) for the year ended June 30 2012, compared to PKR170.96, earned in the previous year,...
Colombian production drops, shipments ahead
Colombian production fell 1.4 per cent in July 2012 compared to the same month in 2011, while shipments for the period were ahead by 3.3 per cent. The country’s statistical o...
Domestic demand drives Kohat Cement FY12 sales
Pakistan’s Kohat Cement Company Ltd (KOHC) achieved a 26.5 per cent YoY growth in domestic sales during FY12, outperforming the industry which grew 8.8 per cent. Its exports, h...
Oyak Cement to sell stake in Aslan Cemento, Turkey
Military-run business conglomerate Oyak Cement announced on Friday it had applied to the Central Registry Agency to sell an almost 10 per cent stake in subsidiary Aslan Cemento...
Tvornica Cementa forecasts FY12 double-digit declines
Tvornica Cementa Kakanj (TCK), the Bosnian unit of HeidelbergCement, expects to post a 10-14 per cent drop in cement sales this year as local market conditions and the impact o...
China Tianrui Group to issue CNY500m notes
China Tianrui Group Cement Co has said it will issue CNY500m (US$78.9m) worth of medium-term notes with a maturity of three years in the interbank market on 17 September. The ...
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