Lafarge to cut a further 97 jobs in France
Lafarge expects to cut a further 97 jobs in its domestic market of France as part of a plant to merge its three French divisions into one, to be headquartered in the Paris regi...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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IFC invests in Titan's operations in Western Balkans
Titan Cement announced the completion of a EUR50m equity investment by the International Finance Corporation (IFC) in Titan’s subsidiaries in the Western Balkans region includi...
PPC Bostwana wins excellence award
PPC Botswana has scooped the prestigious PMR Diamond Arrow Award with an overall rating of 4.18 out of 5.00, the highest in the Business sector - Cement and Concrete Suppliers ...
Udayapur Cement Industry halts production, Nepal
Nepal's largest cement factory Udayapur Cement Industry, has stopped production for past three days due to a lack of coal as well as experiencing other difficulties. Nepal...
S&P lowers Cimpor to 'BB'
On June 26, 2012, Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Cimpor to 'BB' from 'BBB-' and its short-term rating to 'B' from 'A-3'. Th...
Construction of new plant to begin in 2H12, Mozambique
Construction of a new cement plant in Mozambique’s Tete province is expected to begin in the second half of this year, according to the country’s national director for industry...
China Resources Cement's 1H profit likely to fall 21%
China Resources Cement has warned of a sharp drop in gross profit margin in 1H12 to 21 per cent from the 33 per cent last year as selling prices for cement products have falle...
Moody's says CCI ruling to hurt Holcim & Lafarge
Moody's has said the Competition Commission of India's (CCI) decision to impose a penalty on 11 cement producers is 'credit negative' for global cement majors Holcim and Lafarg...
Aditya Birla eyes stake in Jaiprakash cement business
The Aditya Birla group is emerging as the frontrunner to acquire a stake in Jaiprakash Associates Ltd's (JAL) cement business, according to local press reports. "We have emerg...
EPA proposes updates and deadline extension
In response to a federal court ruling and data from industry, the US Environmental Protection Agency (EPA) is proposing changes to its 2010 air standards for the US cement i...
Cemex launches refinancing plan
Cemex launched a proposal on Monday to refinance debt due in 2014. The company said it will propose a three-year extension of debt maturing in February 2014 to February 2017, a...
Mixed trends for Pakistan cement exports
During the first 11 months (July 2011-May 2012) of the current fiscal year, Pakistan exported 7.64Mt of cement and earned US$446.85m compared to 8.44Mt at US$414.773m in the co...
Loesche supplies Europe’s largest cement mill to Turkey
Nuryol Cimento Sanayi ve Ticaret AS has chosen Loesche to supply mills for coal grinding, raw material and clinker grinding for the Turkish manufacturers new 4000tpd plant in K...
Mongla Cement plans third grinding mill, Bangladesh
Mongla Cement is inviting Expressions of Interest (EOI) to establish a third cement grinding mill. The new mill will have a capacity of 120tph and will be set up at Mongla's ...
Argentina: May shipments decline 11.8% YoY
In May 2012, total Argentine Portland cement shipments (including exports) were 889,209t representing a YoY decline of 11.8 per cent, data from Asociacion de Fabricantes de Ce...
Cemex adds 10 new Volvo tractor units to its fleet
Cemex UK Cement Logisitics has added 10 new Volvo FM 12 440 6 x 2 Tractor Units to its fleet of 120 bulk powder fleet. The fleet currently covers around 1.5km per month and the...
European Commission to publish ETS review report
EU Climate Change Commissioner Connie Hedegaard recently announced that the review of the EU Emissions Trading Scheme (ETS) will be published before the summer break in 2012 ra...
EU – Cement not eligible for state aid compensation for high power costs
Based on the results of qualitative and quantitative assessment, the European Commission has decreed that the EU’s cement industry is not eligible for national support for indu...
Holcim investor sells CHF320m stake, Switzerland
Holcim's third largest investor, The Capital Group Companies, sold a CHF320m (US$333m) stake in the Swiss maker of cement on 20 June. The asset manager now owns 2.96 per cent,...
Argentinian Court of Appeal rejects cartelisation appeal
Argentina’s Court of Appeal has rejected the appeal made by Loma Negra, Juan Minetti, Cementos Avellaneda, Petroquímica Comodoro Rivadavia and Cemento San Martín, upholding th...
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