Cemex targets 35% alternative fuels substitution by 2015
Cemex has set a target of a 35% alternative fuel substitution rate in cement production by 2015, and is on track to make it happen. Cemex recently announced that it has inve...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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VSP plans slag-based cement plant, India
Visakhapatnam Steel Plant (VSP) is planning a slag-based steel plant with a plan outlay of about INR2000 crore, Business Standard of India reports. VSP is generates over 800,00...
UAE cement prices drop 3.4% in May
The average prices of several building materials groups have undergone changes during May 2012, compared with April 2012, a monthly report by the Statistics Centre Abu Dhabi (S...
Italcementi reorganises Italian cement operations
Italian cement producer Italcementi SpA announced it is to sell one of its domestic cement plants and close two other factories to reorganise its local production base on the b...
India’s May output rises 13.5 per cent
India's cement production in May rose 13.5% on year to 16.2Mt, the Cement Manufacturers' Association said today. Cement output in May was 1.1% higher than 16.01Mt produce...
Fitch affirms Lafarge IDR at BB+
Fitch has affirmed the Long-term Issuer Default Rating (IDR) and the senior unsecured rating of Lafarge at BB+ with a "stable" outlook. The affirmations reflect Fitch's view t...
China prices continue to fall
The average price of cement across China last week fell 0.83 percent week-on-week to CNY336.25/t, reports Shanghai Securities News. According to the report, the price of cemen...
Lafarge to start Tarmac asset sales by end-June
Anglo American and cement maker Lafarge are likely to begin selling a series of assets as required by UK regulators by the end of the month in order to proceed with a proposed ...
West China cement wins railway supply project
West China Cement Ltd (WCC) has received a contract to supply 120,000t of cement for the construction of the Lanzhou-Chongqing Railway project. WCC will be supplying cement ...
Cemex wins arbitration over sale of some European assets
Cemex said Monday that an arbitration court has ordered Austria's Strabag SE pay Cemex EUR30m plus interest and other costs after the European company pulled out of a 2008 agre...
Baker and McKenzie advises Najran Cement Co, Saudi Arabia
Baker and McKenzie advised Najran Cement Company (NCC) on its initial public offering of 85,000,000 shares at SAR10 a share (IPO), representing 50% of its share capital at an a...
Minister denies cement crisis from Master Plan
Vietnamese Construction Minister Trinh Dinh Dung has denied that the cement industry's master development plan (2011-20) is causing a crisis goes in line with market movements....
Lafarge to accelerate cost cuts, lower debt
Following the implementation of its new organisation, Lafarge has announced its 2012 to 2015 plan to cut costs by EUR1.3bn over the next four years and bring its net debt below...
Holcim on track to achieve sustainable targets
Holcim said on Tuesday said it is on track to achieve its sustainability targets. I n the 2011 Holcim Corporate Sustainable Development Report, which features the company's pr...
Dangote commissions Obajana Line 3, Nigeria
Aliko Dangote has commissioned the expansion of his Obajana cement plant, raising capacity to 10.5Mta. The additional 5.25Mta line is part of the company’s efforts to make i...
Arabian Cement Co commissions second line, Egypt
Arabian Cement Company has officially opened its Line No 2 which has doubled the capacity of the plant at Suez to 5Mta. Speaking during the opening ceremony, Jose Maria Magr...
Fitch affirms HeidelbergCement at BB+
Fitch Ratings has affirms HeidelbergCement’s Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'. The Outlook on the Long-term IDR is Stable. The agency al...
Cemena outlines Falcon expansion plans, Bahrain
Cemena Holding Company, plans to increase capacity of its Falcon Cement Company (FCC) plant, the Bahrain-based firm has announced. Cemena, which was set up in 2008 by Gulf F...
Saudi cement producers see 1Q rise in net profit
Two leading Saudi Arabian cement producers have reported solid gains in the first quarter of 2012 driven by higher sales volumes as a result of rising local demand. Saudi Ce...
Bank of China runs Inner Mongolian cement producer debt offer
Bank of China Ltd has been mandated as lead underwriter and book-runner of Inner Mongolia Mengxi Cement Co's planned debt offering worth CNY400m (US$63m), China Knowledge repor...
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