Southern Province cement signs deal with Wärtsila, Saudi Arabia
Saudi Arabia’s Southern Province Cement Company has signed a US$26m contract with a Finnish power firm that will allow it to expand its power plant in Jazan, located in the sou...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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GICA seeks cement imports, Algeria
Algeria’s Cement Group, known as GICA, wants to buy 450,000t of cement to reduce demand it faces in the domestic market, the El Moudjahid newspaper said. The deadline for bid...
Shipping rates soften across the board
With summer activity on the low side, shipping rates generally softened for Handysize, Panamax and Capes, both in the Atlantic and Pacific basins. With a more or less inactive ...
Indocement profit rises, gears up for expansion
Indocement Tunggal Prakarsa, part of the HeidelbergCement group, reported a 24 per cent rise in profit for the first half of 2012 driven by higher sales as the company gears up...
Taiheiyo quarterly profit seen rising on higher demand
Japan’s leading cement producer Taiheiyo Cement is expected to report consolidated operating profit of about JPY1bn for the three months ended 30 June 2012, according to a Nikk...
Italcementi’s profits fall in spite of recoveries in North America and India
Italcementi’s first half turnover came off by 4.9 per cent to €2299.8m while the running EBITDA declined by 11.6 per cent to €328.7m. The trading profit fell by 37.4 per cent t...
China cement demand to recover by end-Aug - UBS
Chinese cement makers are higher on hopes that Premier Wen Jiabao's remarks on ensuring growth may boost demand for the sector given its wide use in infrastructure and construc...
Torah strike action to cause EGP22m in losses
Egypt-based producer Torah Cement announced that the latest strikes caused shortage in clinker production by around 82,000t and cement by 97,000t which will be reflected in pro...
New factory begin production in Mozambique
A new 240,000tpa cement factory has started operations at the Belulane Industrial Park in the Boane district of Maputo, local newspaper Noticias, reported. The factory is repo...
Sagar-Vicat venture to begin operations in October, India
The joint-venture cement plant between Sagar Cements of India and Vicat Group of France will begin operations in October. “The clinkerisation is expected to be completed by ...
Iran production rises in first four months of Iranian year
Iran produced 24.44Mt of cement in the first four months of the current Iranian year (20 March - 21 July 2012), IRNA reported. According to a report by the Industries, Mines a...
Lafarge WAPCO pretax profit rises, turnover falls, Nigeria
Lafarge WAPCO said on Tuesday that its 1H12 pre-tax profit rose 19 per cent YoY to NGN12.18bn (US$76m). However, turnover fell to NGN46.34bn during the period from NGN62.50bn a...
Semen Gresik new plant construction
Indonesia state-owned producer PT Semen Gresik is expected to start construction of two new cement plants at home and away in the second half of 2012 and first half of 2013, re...
Lafarge Malayan Cement confirms price hike
Lafarge Malayan Cement (LMC) has confirmed it will raise the price of cement effective today, 1 August, due to rising manufacturing and delivery costs, which is expected to bod...
Trinidad prices to come down
Trinidad Cement Ltd announced that a temporary surcharge imposed on bagged cement has been removed and that cement prices are expected to go down in the coming weeks. Speaki...
Bolivian sales increase by 7.36% in the first half
The Bolivian Institute of Cement and Concrete (IBCH) reported Tuesday that sales of cement in the country grew 7.36% in the first half of this year compared to the same period ...
Lucky Cement-led consortium acquires ICI Pakistan
Lucky Cement, in consortium with other Yunus Brothers Group (YBG) entities, has acquired a 75.81 per cent shareholding in chemical producer ICI Pakistan from Omicron BV, a 100 ...
Tanzania reiterates support to Dangote project
The government of Tanzania has underlined its support to Dangote Cement to ensure the timely completion of its cement plant in the East African country. During a tour of Dan...
Qatar National Cement first-half net profit rises YoY
Qatar National Cement achieved a net profit of QAR225.3m (US$61.9m) in the first six months of 2012 compared to QAR214.3m in 1H11. Earnings per share amounted to QAR4.59 as of ...
Raysut’s CEO to step down, Oman
Oman’s leading cement producer Raysut Cement has announced the resignation of its CEO Mohamed Ahmed Al Dheeb. The Board of Directors have requested Mr Al Dheeb remain in his po...
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