India first quarter market expectations
Indian cement companies are expected to post higher net profits and sales in the first quarter of the current fiscal (April-June FY13) thanks to improved prices and higher dem...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Fitch Ratings has affirmed LSR's 'B' outlook stable
Fitch Ratings has affirmed OJSC LSR Group's (LSR) Long-term foreign currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook and the senior unsecured rating of the out...
Cemex seen reporting improved 2Q results
Cemex is expected show improvement in its second-quarter results as recovering US operations offset weakness in Europe, although a stronger US dollar is likely to limit sales i...
Dominican Republic cement prices rise
The president of the Dominican Republic’s housing builders and developers grouped in Acoprovi expressed surprise at the rising price for a bag of cement charged by some produce...
Four Indian plants force to close on alleged environmental violation
Four cement plants in the Indian state of Chhattisgarh have been ordered to shut down on alleged violation of air pollution controls norms. The Chhattisgarh Environment Conser...
Equita sees Buzzi Unicem 2Q EBITDA rising
Brokerage Equita expects Italian cement maker Buzzi Unicem to report second-quarter EBITDA of EUR158m, up by 13% on the year. SeeNews Italy reports that the broker expects the...
Xinjiang Tianshan Cement to issue CNY400m of bills
Xinjiang Tianshan Cement Co Ltd said it plans to issue CNY400m (US$62.7m) worth of unsecured short-term bills with a maturity of 365 days on July 24th. Shanghai Pudong Develop...
Handy and capesize markets soften while panamax continues climb
The Baltic Dry Index reflected the trends in the handy and capesize markets as it rose from 1103 to 1146 on 11 July, but then slipped to 1074 one week later. After a stable...
CRH eyes stake in Jaiprakash cement units, India
CRH is said to be interested in buying a stake in Jaiprakash Associates cement plants in Gujarat and Andhra Pradesh, according to Indian press reports. Speaking to the Econo...
CMS addresses cement Sarawak shortage, Malaysia
CMS Cement, Sarawak’s sole cement producer, has assured that the current shortages being experienced by the construction industry in Miri will be resolved by next week. Sara...
New cement factory set for Mozambique’s Manica province
A cement factory is to be established in the Manica province of Mozambique, according to its Mayor Eusébio Lambo Gondiua said that contacts have been made with the relevant aut...
Euro construction output advances in May
Euro-area construction output rose in May, as advances in Germany and Portugal offset declines in Italy, Spain and the Netherlands. Construction in the 17-nation euro area a...
Fitch affirms Siam City Cement's rating, Thailand
Fitch Ratings (Thailand) Limited has affirmed Siam City Cement Public Company Limited's (SCCC) National Ratings at Long-Term 'A(tha)' and Short-Term 'F1(tha)'. The Outlook is S...
Sagar Cements net profit falls 77%, India
Sagar Cements Ltd’s net profit declined 77 per cent at INR 4.1 crore in the first quarter of FY12-13 compared to INR 18.1 crore in the year-ago period. Revenues of the Hydera...
Siam Cement to invest US$6.3bn during 2013-17
Siam Cement of Thailand plans to invest THB200bn (US$6.3bn) over the 2013-17 period, according to President and Chief Executive Kan Trakulhoon. Of this total, more than half is...
ACC seen posting 12 per cent rise in 1QFY13 net profit
ACC is likely to post a 12 per cent YoY rise in net profit at INR3.78bn for the first quarter of the current fiscal (FY12-13), according to the average of 22 brokerages' estima...
UltraTech seen posting 8% YoY net profit rise
UltraTech Cement is expected to post an 8% YoY rise in net profit for the first quarter of fiscal year 2012-13 (FY12-13) on the back of better sales realisation and a low base ...
UBS cuts Buzzi Unicem’s EBIDTA estimates on weak European markets
UBS has cut Buzzi’s 2012 EBITDA projections by three per cent and now expects it to remain flat for the year at EUR424m as lower European demand weighs on the Italian cement ma...
Vietnam to propose association for exporters
Vietnam has called for domestic exporters to cooperate in fair pricing and is proposing to establish an association for cement and clinker export firms as the country looks to ...
New order for Cemengal in East Africa
EPC contractor Cemengal of Spain has been awarded a new contract for its Plug & Grind® ball mill technology by a customer in East Africa. The Plug & Grind is set to be opera...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
