Brazil may approve Camargo's Cimpor stake – report
Brazil's antitrust regulator Cade may approve Camargo Correa's stake in Portuguese cement maker Cimpor Cimpor but reject the stake of rival Votorantim Cimentos, according to re...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Fujian Cement to inject CNY950m into subsidiary, China
Fujian Cement Inc is to jointly invest with its second-largest shareholder, South Cement Co Ltd, a combined CNY950m (US$150m) into Fujian Cement's fully-owned cement subsidiary...
TPI Polene 1Q profit falls 17%, Thailand
TPI Polene posted a normalised profit of THB299m for 1Q12, down 71% YoY, but a marked improvement from a loss of THB105m in 4Q11. The YoY decline was mainly due to gross margi...
Irish Cement workers reach settlement, Ireland
Workers at Irish Cement, a subsidiary of CRH, on Friday voted to accept proposals agreed between the company and worker representatives which provides a settlement to the dispu...
JP Morgan ups Holcim price target on US outlook, risks remain
JPMorgan raises Holcim's price target to CHF56.50 from CHF55.20 due to optimism on the outlook for the private building sector in the US. "Much better volumes in cement and gr...
Deutsche Bank sells 86.58m shares in Shanshui
Deutsche Bank AG sold 86.58m shares, or a 3.08% stake, in China Shanshui Cement Group Ltd at HK$5.79/share and for a total of HK$502m on 10 May, according to a filing on the Ho...
US cement: on the recovery path
This week saw US building materials producer Eagle Materials report a return to profitability in its fiscal fourth quarter with the company noting an improvement in constructio...
Panamax registers record high for the year, but rest remains mixed
The Baltic Dry Index remained virtually flat since 25 April, climbing from 1137 to 1156 on 9 May, but then falling back to 1137 one week later. The Capesize market n...
GCC Dacotah plant considers expansion, USA
The GCC Dacotah cement plant in Rapid City is considering a US$100m expansion of its main production line, according to local press reports. The upgrade would increase the p...
FLSmidth receives contract for large cement project, USA
FLSmidth has been awarded a contract worth approximately US$136m by a customer in the United States for modernisation of their production facility. The purpose of the EPC (En...
Lafarge environmental compliance, Bangladesh
Lafarge Surma Cement Ltd (LCS) which is extracting limestone from Meghalaya for its cement plant in Bangladesh, has said that it was adhering to and complying with top environm...
Polimeks plant construction underway, Turkmenistan
The construction of Turkish company Polimeks new 1Mta cement plant in the Lebap region, Turkmenistan is underway, Neutral Turkmenistan reported. The main technological and a...
Sibirsky Cement output rises 23% YoY Jan-Apr
Sibirsky Cement increased cement output by 23% YoY to 982,000t in January-April, according to the holding’s statement released Friday. Cement sales amounted to 978,400t in Janu...
Cementos Argos bond offering, Colombia
Colombia's largest cement firm, Cementos Argos raised COP700bn (US$389m) through its bond offering on May 16. The offering was 2.17 times oversubscribed, the company said in a...
Lafarge Ravena to comply with environmental standards, USA
The Lafarge Ravena cement plant is prepared to keep up with national emission standards which may soon become more stringent, according to Ravena Environmental Manager John Rea...
Ndola Lime plans cement production venture, Zambia
Zambia-based Ndola Lime Company (NLC) has commenced discussions with potential partners for a joint venture cement plant project on the Copperbelt. Abraham Witika, company c...
Eagle Materials' cement & plasterboard volumes on the rise, USA
Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March increased by 8.2% to US$581.2m. Of t...
PPC first-half sales rise eight per cent, South Africa
Pretoria Portland Cement, South Africa’s largest cement producer, reported an eight per cent rise in first-half profit (ending March 2012) and forecasts rises in regional deman...
Adelaide Brighton forecasts slight rise in sales, Australia
Australia-based Adelaide Brighton expects a slight improvement in sales as market challenges continue. Managing director Mark Chellew said sales of the cement products would ...
Loesche enters into a close strategic cooperation with A TEC
Loesche GmbH, Germany, has entered into a close cooperation agreement with pyroprocess specialist A TEC Holding GmbH, Austria, in April 2012. Loesche is a market leader in d...
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