Anhui Conch outlook
HSBC has upgraded China-based Anhui Conch Cement to Overweight from Neutral, with an unchanged target price of HK$27.20. It tips "value emerging" for China cement sector, as r...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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TCL and Union impasse expected to head to court, Trinidad
The industrial relations dispute between Trinidad Cement Ltd (TCL) and the Oilfields Workers’ Trade Union (OWTU) is expected to go to the Industrial Court for a resolution. ...
Saudi Cement fined by Capital Markets Authority, Saudi Arabia
Saudi Arabia's Capital Markets Authority (CMA) has fined four listed companies a total of SAR225,000 (US$60,000) including one cement producer for contravening the rules of the...
Cemex secures contract to supply concrete for Shetland Gas project
The first batch of concrete from CEMEX UK has been delivered for the construction of a new UK£500m onshore gas plant in the Shetland Islands. The contract, providing over 25,00...
Oman expected to raise prices in 2013
Omani cement producers will be able to raise prices by 2013 as dumping from the oversupplied UAE market slows and demand improves domestically and abroad, according to analysts...
Spanish cement woes continue
Spanish cement consumption continues its downward spiral with latest data showing monthly figures hitting a 46-year low as budget austerity and high unemployment continue to in...
ASEC Cement completes Zahana overhaul in Algeria
Citadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul. “Zahana Cement Company, our key Algerian subsidia...
GCC cement sector profits increase – report
GCC cement sector profits increased 21.2 per cent in 1Q12 and net profits increased from US$359.5m in 1Q11 to US$435.6m in 1Q12, according to a report by Global Investment Hous...
Cemex to supply cement for Central America’s first Metro system
Cemex announced today that it is supplying nearly 100,000t of cement for the construction of Line 1 of the Panama Metro, a stretch of approximately 14km that is intended to con...
Yamama Cement net profit rises 46%, Saudi Arabia
Yamama Cement Company recorded a 46% YoY surge in its net profit to SAR278m (US$74.1m) for the first quarter of 2012, up from SAR180m a year ago. The strong increase was attri...
Sino-Zimbabwe pursues Masvingo project
Sino-Zimbabwe has begun feasibility studies to establish the extent of limestone deposits in the Nyanda Mountains on the outskirts of Masvingo, Zimbabwe, where the company want...
Golden Bay wins renewable energy award, New Zealand
New Zealand-based Golden Bay Cement has been recognised for its use of bioenergy to reduce CO2 emissions, winning the Renewable Energy category in the 2012 EECA Awards. The ...
BaselCement unit appeals Eurocement’s claim, Russia
BaselCement-Pikalyovo has filed an appeal against a decision by the Moscow Arbitration Court to raise a RUB111.2m for losses filed by Eurocement Group, according to local media...
Vision Holding raises stake in Pioneer Cement, Pakistan
British Virgin Islands based - Vision Holdings Middle East Limited announced on that it will acquire 60,145,081 (26.47%) ordinary shares of Pakistan-based cement producer Pi...
Ash Grove approves US$125m investment, USA
Ash Grove Cement Company’s Board of Directors approved a US$125m-plus investment in the company’s Midlothian, Texas, plant at its May meeting. A new preheater, precalciner prod...
Shriram to consolidate presence in Indian cement sector
Shriram EPC, a publicly held company of Shriram Group, recently entered the cement sector by acquiring majority stake in Sree Jayajothi Cements and, according senior officials,...
Siam City Cement upgraded, Thailand
Kasikorn Securities upgraded Siam City Cement Pcl to "outperform" from "neutral", citing a positive earnings outlook for Thailand's second-largest cement maker on rising cemen...
Boral’s chief executive steps down, Australia
The Board of Boral Limited today announced that the Chief Executive, Mr Mark Selway, will step down from his role effective immediately. He will remain in employment with the C...
Indian workers paid dues, Angola
Following a month-long dispute, most of Indian workers employed at a cement plant in Sumbe in Angola have been paid part of their pending dues while arrangements made for repat...
JK Cement receives approval for Bangalore plant, India
The Bangalore State High Level Committee (SHLC) has cleared a proposal by JK Cement’s (Western) Ltd to establish a cement factory at Chittapur taluk in Gulbarga district. The c...
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