China consumption far from peaking – comment
Daiwa investment bank says China's cement demand is "still far from peaking," as it expects policy loosening to accelerate construction activity, resulting in an uptrend in cem...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Mai Son cement plant put into operation, Vietnam
Mai Son Cement Joint Stock Co has officially put its Mai Son cement plant into operation. The new cement plant is situated in Na Pat Hamlet, Na Bo Commune, Mai Son Dist, Son ...
Northern Pakistan prices decline
Pakistan cement prices have registered a decline of PKR20/bag during May to PKR415-420/bag from PKR435-440/bag due to the start of wheat harvesting, which created a temporary...
Daiwa reduces Anhui Conch price target, China
Daiwa Research reduced its target price for Anhui Conch to HK$23 from HK$29.5, and downgraded the stock to "hold" from "outperform". The house said cement demand and selling ...
Heracles Group sales down 37.6% in 1Q12, Greece
Heracles Group of Companies announced sales of EUR43.89m for the first quarter of 2012, a reduction of 37.60% compared with the EUR70.35m in the same period of 2011 as the Gree...
Camargo Correa takeover of Cimpor to involve asset swap
A takeover bid by Camargo Correa for Cimpor will involve an asset swap to buy out Votorantim, Portugal's securities regulator CMVM said on Tuesday, Reuters reports. CMVM appro...
Hail Cement secures license to exploit raw materials, Saudi Arabia
Saudi Arabia's Hail Cement Co said Tuesday it has secured a license from the Ministry of Petroleum and Mineral Resources to exploit raw limestone and clay in the Green Well area.
S&P lowers Italcementi credit rating, Italy
Standard and Poor's lowered the long-term corporate credit rating on Italian cement maker Italcementi to BB+ from BBB-, and its short term rating to B from A-3. The agency se...
Lafarge teams up with UK festival, demonstrates science behind manufacturing processes
Wales’ leading annual festival is set to receive over £10,000 worth of construction material thanks to a special partnership between Lafarge’s Aberthaw Cement Works and its Ewe...
Vietnam domestic production seen down 7.2%, Jan-May 2012
Vietnam is estimated to have produced 22.5Mt of cement in the first five months of this year, down 7.2% from a year earlier, the government’s General Statistics Office (GSO) sa...
Colombian shipments rise 8.1% in 4M12
During the first four months of 2012, Colombia reported rises in cement production and shipments, according to the Departamento Administrativo Nacional de Estadistica (Dane). ...
TCL workers expected to return to work, Trinidad
Trinidad Cement Ltd (TCL) are expected to return to work after 90 days of strike action, The Trinidad Guardian reports. President general of the Oilfields Workers’ Trade Uni...
Sumitomo Osaka considers streamlining transport operations, Japan
Sumitomo Osaka Cement is considering an overhaul of the group’s transport operation as it prepares to mark 20 years since the company was merged into a single entity. The Nik...
Dangote’s Calabar plant nears completion, Nigeria
Dangote Cement’s 6Mta plant in Calabar, Cross-River state is expected to be completed in July, Alhaji Aliko Dangote Chairman of the company has said. Mr Dangote said the pla...
Heracles Cement industry appointments, Greece
Greece-based Heracles Cement announced the following industry appointments: Stratis Zacharis is appointed as Sales General Manager for cement reporting to the Managing Director...
Lafarge WAPCO to establish a bag manufacturing company, Nigeria
Lafarge WAPCO is poised to establish a bag manufacturing firm in Nigeria to facilitate the packaging of its products. Chairman of Lafarge Cement WAPCO, Chief Olusegun Osunke...
Tanga Cement price comment, Tanzania
Tanga Cement's managing director Erik Westerberg has said that is poor and unreliable rail transport is causing an escalation in cement prices in the country. “We are relyin...
Gresik to invest in new plants, Indonesia
Indonesian cement producer, PT Semen Gresik, plans to build new cement plants in Sumatra and Java this year with an investment cost of IDR7trn (US$756m), according to reports i...
Milder weather boosts US February shipments
Total shipments of Portland and blended cement in the United States and Puerto Rico for February 2012 were 4.7Mt, data from the US Geological Survey shows. This was almost 29% ...
Czech cement production down 14% in 1Q12
Cement production in the Czech Republic declined 14% YoY to 465,555t in the January-March period due to a drop in construction activity and a cold winter, the Czech Cement Prod...
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