MPA wins biodiversity award, UK
The Mineral Products Association, UK, has won a CBI Trade Association Forum (TAF) Environmental Initiative Special Award, for the work of the Association and its members on Bio...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cemex expects to launch debt exchange offer next week
Cemex expects to launch a debt exchange offer next week, a top company official told Reuters on Friday. The offer is part of a new refinancing deal it proposed to creditors ...
Birla Corp mulls Ethiopian cement plant
India-based Birla Corporation is considering setting up a cement plant in Ethiopia, according to a senior official. The company has formed a wholly-owned subsidiary, Birla C...
Gresik sees regional expansion costing US$400m-500m
Indonesia's largest cement producer, PT Semen Gresik, says its planned expansion into Vietnam and Myanmar can be realised by year-end. Semen Gresik president director Dwi So...
Industry welcomes government investment in biofuels technology
The Cement Association of Canada has applauded the Government of Canada's announcement that it will invest almost $1million in Ontario-based Pond Biofuels towards the advancem...
MPA responds to chancellor’s speech, UK
In an open letter MPA’s Chief Executive has responded to the speech by the Chancellor, George Osborne MP last week, in which the Chancellor highlighted measures taken to boost ...
CNBM to inject capital into North Cement, China
China National Building Material (CNBM) said it has entered into a capital contribution agreement with Jingang Group and Shanghai Zhentong with a view to contributing capital t...
Fitch cuts Camargo Correa credit rating on Cimpor buy
Fitch Ratings has cut Camargo Correa’s credit rating by two notches on concern the increase of its stake in cement company Cimpor has raised the indebtedness of the company to...
Qilianshan Cement's net profit to drop by 50% in 1H
Gansu Qilianshan Cement Group Co Ltd, a Shanghai-listed cement producer, forecasted on June 27th that its net profit will decrease at least 50% on-year in the first half of 2012.
Cimpor asset swap to lift Votorantim capacity by 15Mta
Votorantim Cimentos and InterCement (part of the Camargo Corrêa Group) have signed an agreement to undertake a corporate reorganisation of Cimpor. The procedure will give Votor...
KKR eyes stake in Sree Jayajothi Cements, India
Private equity firms Blackstone Group and Kohlberg Kravis Roberts & Co (KKR) are discussing a large stake buy in the cement unit of the Shiram Group, the Times of India reports...
Chettinad Cements plans Karikkali plant expansion, India
India-based Chettinad Cement is considering the expansion of its Karikkali cement plant in Tamil Nadu from 4.5Mta to 7Mta. According to reports in the Times of India, Chetti...
CalPortland Rilitto plant earns EPA's Energy Star®, USA
CalPortland's Rillito cement plant, located in Arizona, has earned the US Environmental Protection Agency's (EPA's) ENERGY STAR® certification. "CalPortland is pleased to acce...
Nepal proposes cement tax
Nepal’s Ministry of Energy has proposed that the country’s Finance Ministry include an additional tax of NPR1 on every bag of cement sold on the market which would then be spec...
Ghacem responds to World Bank comments
Ghana’s leading cement producer, Ghacem, has refuted a report by the World Bank that the company is enjoying dominance over the domestic construction sector. The World Bank ...
Strabag announces new CEO
Contractor Strabag has announced that Thomas Britel will become CEO in 2014 as part of the group’s restructuring of its management board and organisation. Hans Peter Haselst...
Andhra Pradesh government clears 13 cement project proposals
The government of Andhra Pradesh, India, has approved 25 industrial projects proposals including 13 cement plants. The Andhra Pradesh Chief Minister, N Kiran Kumar Reddy, wh...
Heracles General Cement appoints Non Executive Director
Heracles General Cement Company of Greece has appointed Manolis Chris Kyprianides as a Non Executive Director. The effective date is 22 June 2012.
PT Semen Gresik plans Myanmar plant, considers Vietnam investment
Indonesian state producer, PT Semen Gresik, is planning to build a cement plant in Myanmar and is also looking to acquire a Vietnamese company, according to chief executive Dwi...
Boral lowers expectations, Australia
Boral has announced that it expects net profits for the year ending June 2012, to be in the region of AUD100m-110m, assuming that two property disposals are still completed thi...
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