Brazilian market adjustments
The recently-approved takeover of Cimpor by Brazilian conglomerate Camargo Correa will not only lead to the reorganisation of the Portuguese cement major's operations, but is a...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
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Spanish cement consumption drops 34.7% in 1H12
Cement consumption in Spain plunged 34.7 per cent YoY to 7.2Mt in the first-half of 2012, latest data from the domestic cement association Oficemen showed and the outlook for t...
Sharp public sector falls in UK construction point to difficult 2012
The latest figures from the UK's Office of National Statistics released today highlight that output fell 6% in May compared to a year earlier. Commenting on the figures and t...
Iran exports climb
Iran exported 3.34Mt of cement and clinker in the first three months of the current calendar year which began on March 20, the IRNA News Agency has reported. Some 2.89Mt of cem...
Jidong Cement shares acquired, China
Jidong Development Group bought additional 698,300 shares in Jidong Cement on the secondary market, accounting for 0.05% of the total outstanding shares in the listed arm. The ...
Jiangxi Wannianqing forecasts 80% net profit drop, China
Jiangxi Wannianqing Cement Co Ltd, a Jiangxi Province-based producer of cement and clinker, said it expects first-half 2012 net profit to plummet 80 per cent to CNY54-63m (US$8...
Court puts industry fine on hold, Argentina
Argentina’s Supreme Court has put on hold a ARS$300m (US$66m) fine imposed on cement companies in 2005 by the competition authority CNDC based on evidence of alleged collusion ...
Daiwa sees positive developments for China from 2H
Analysts at brokerage Daiwa have said that while current cement demand in China does not look good and many local producers have issued profit warnings, macro data suggests tha...
PT Semen Bosowa seeks loans for expansion, Indonesia
PT Semen Bosowa is seeking a US$700m-800m loan from national and foreign banks to expand its business to 10Mta by 2015. The funds will be used to construct at least four new...
Texas Industries returns to full-year profit
Texas Industries' turnover increased by 4.1% to US$647m in the financial year to the end of May, and the EBITDA jumped from US$13.2m to US$33.6m. After an interest charge 26.8%...
PPC in US$133m deal with black investors
South African cement maker Pretoria Portland Cement (PPC) is to sell a 6.5 per cent stake to its staff and black investors in a deal worth about US$133.4m. PPC said the broad...
ABB completes test runs at Attock Cement, Pakistan
ABB has successfully completed test runs of its SpectraFlow online analysers at Fauji Cement plant in Attock, Pakistan. Fauji Cement Company (FCC), headquartered in Rawalpind...
Huaxin Cement expects H1 net profit to drop 50%, China
Huaxin Cement Co Ltd, in which Holcim holds an approximate 42 per cent stake, has become the latest Chinese producer to issue a first-half profit warning. The Hubei Province...
Starlinger opens new representative office in Uzbekistan
Starlinger & Co GmbH, Austrian manufacturer of machinery for woven plastic packaging production and plastics recycling, has opened a representative office in Tashkent, Uzbekist...
Construction of Pokot plant delayed, Kenya
Construction of a new cement factory in Pokot, Kenya, which was set to be completed by the end of next year is experiencing delays and is now expected to take longer than expec...
Sibirsky Cement first-half output rises 11%, Russia
Sibirsky Cement has reported an 11 per cent YoY rise in output for the six months to June 2012 to 1.78Mt, the company said in a statement. The cement producer operates thre...
TXI appoints three additional directors
Texas Industries, Inc announced the addition of Sean Foley, Bernard Lanigan and Tom Ryan to its Board of Directors. "We are delighted to have found directors of the quality an...
Caribbean Cement sees more positive outlook
Caribbean Cement Company expects a more positive outlook from next year as the company finalises a debt ‘reprofiling’ plan with some of its 30 biggest creditors. The agreeme...
Qassim Cement second quarter net rises YoY, Saudi Arabia
Qassim Cement Company posted a three per cent YoY rise in consolidated net profit of SAR149m (US$40m) for the second quarter of 2012, thanks to increased sales. However, on a Q...
Brazil first-half 2012 sales increase
Preliminary data for the first six months of the year, show that domestic cement sales in Brazil reached 33Mt, representing an increase of 9.3 per cent over the same period of ...
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