Assuit Cement drivers strike, Egypt
Drivers working at the Assuit Cement factory in Egypt continued striking for a second day on Saturday in protest of penalties imposed on them by the company, according to local...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Thang Long Cement plans to increase exports, Vietnam
Vietnam-based producer Thang Long Cement JSC plans to double monthly cement exports to Cambodia from its Hiep Phuoc grinding plant to 10,000 due to increased demand in the neig...
JP Morgan lowers BBMG Corp target price, China
JP Morgan has lowered its target price for BBMG Corp to HK$5.5 from HK$6.3 and maintained its ‘neutral’ rating. The research house says the weakness in the cement business w...
Lafarge Canada receives approval to expand quarry
Lafarge Canada has received approval to expand its Flamborough quarry, according to local press reports. The company applied for the 31ha expansion of its existing aggregate...
China quarry blast death toll rises
The death toll from a quarry blast at a south China cement factory earlier this week has risen to 10 while 18 other have been confirmed injured, local authorites have said. ...
Fire at Lafarge Ravena works, USA
A fire broke out at the Lafarge Ravena plant in Albany, NY on Monday as a rubber conveyor belt carrying limestone snapped and caught fire, according to John Reagan, public affa...
Egyptian cement companies to lose energy subsidies
Egypt is to no longer provide subsidised energy to new cement plants, including the 14 new facilities for which licenses have already been issued, and plans to phase out subsid...
Zuari agrees to pay lump sum in L&T dispute, India
Zuari Cement, a subsidiary of Italian cement major Italcementi, has agreed to pay a lump sum to settle an acrimonious dispute with engineering and construction company Larsen &...
China cement plant explosion kills nine
An explosion at the quarry of a cement plant in southern China killed nine people and left one person missing, the official Xinhua News Agency reported, citing local authoritie...
Citi Venture Capital International interested in Shriram Group investment
Citi Venture Capital International (CVCI) is reportedly holding talks to invest INR400crore in the cement unit of southern conglomerate Shriram Group, according to reports in t...
Cherat Cement full-year net profit jumps, Pakistan
Pakistan-based producer Cherat Cement posted a rise in net profit to PKR436.8m for the fiscal year ended 30 June 2012 (FY12) from PKR68.851m, according to reports in the Pakist...
China Shanshui Cement first-half net profit falls 41 per cent
China Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In t...
Texas Industries asks Commerce to probe Greece, Republic of Korea imports
Texas Industries, through its subsidiary TXI Operations, submitted a letter on 24 August 2012 to the Department of Commerce and the Interagency Trade Enforcement Center, asking...
Höganäs Bjuf appoints new head of cement division, Sweden
Jonas Oldin has been appointed Business Manager Cement at Höganäs Bjuf AB´s head office in Sweden effective August 20th 2012. He succeeds Erik Olsen who will take on other re...
Cemex focuses spotlight on Colombia
Earlier this week Cemex announced that its Cemex España subsidiary, Cemex Latam Holdings, presented an application to the Superintendencia Financiera de Colombia to list its sh...
Shree Cement to challenge CCI allegation
In an interview with CNBC-TV18, HM Bangur, Shree Cement’s managing director, said the company will challenge the fine imposed by India’s Competition Commission (CCI). Last mon...
CRH to buy 51% in Jaypee's Gujarat units for INR21bn (US$378.9m)
Irish building materials group CRH is set to pick up a controlling 51 per cent stake in the cement operations of Jaiprakash Associates in Gujarat for an enterprise value of INR...
Mexico: Cemex shares climb on asset sale plan
Cemex SA shares outperformed the broader Mexican equity market Wednesday, rising as much as seven per cent after the Mexican cement maker said it plans to sell a minority stake...
Sri Lanka: Hambantota Port to receive grinding unit and cement storage and bagging facilities
The Sri Lankan government is ready to expand the Hambantota port with the financial assistance of Exim Bank of China and the government of China. Exim Bank of China will provid...
Pakistan cement industry earns US$46m from exports in July 2012
Pakistan's cement manufacturers and exporters exported 545,125t of cement and earned US$46.197m in the first month of current FY12-13, ie July 2012, compared to 612,500t at US$...
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