Pozzolana Ghana Lltd announces new MD
Pozzolana Ghana Limited (PGL), Ghana’s only licensed producer of pozzolana cement, today announced the appointment of Vivek Garg to the position of managing director. Garg join...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Saudi Arabia: cement sales hit new record
Cement sales in March 2012 grew by 12.6% to reach 4.9Mt, a record high for monthly sales, based on a new report issued by NCB Capital on Wednesday. According to the report, cl...
UK: Cemex teams up with SITA to produce RDF
Cemex UK has joined forces with SITA UK to produce all the refuse-derived fuel (RDF) to fire its Rugby cement kiln. SITA UK will build two recycling plants that will produce C...
Bangladesh: Seven Rings Cement to double production capacity
Seven Circle (BD) Ltd, one of the fastest-growing cement companies of the country, will double its production capacity to 3.3Mta by the end of 2014. "We have now the capacity...
New Zealand: Fletcher rivals “attacking our market”
Fletcher, with a market capitalisation of NZD4.2bn (US£3.4bn), is under attack from firms undercutting prices by up to a third and aiming at Christchurch's post-quake rebuild. ...
Pakistan: cement import starts through ICP
The newly-opened Integrated Check Post (ICP) has received its first Pakistani cement imports from the road route, but traders continue to be unhappy over the high handling char...
India: Udayapur Cement to shut for a month
One of the biggest cement factories in the country built with Japanese assistance has been closed for a month for ‘maintenance work’ at a time when the demand for construction ...
Easter makes for quiet markets
With most of Europe away for the Easter holidays, the freight markets were in for a quiet week. The Baltic Dry Index gained 18 points WoW, reaching 944 on 11 April and in the r...
UBA in talks with Dangote for new partnership
Pan-African lender United Bank for Africa is in talks with Aliko Dangote for a partnership to provide banking services to his Dangote Cement group in 13 countries, its chief ex...
Dominican Republic consumption declines 8% in 2011
Domestic consumption in the Dominican Republic fell eight per cent in 2011 compared to 2010, as the Caribbean island continues to feel the impact of the global economic downtur...
KGI Securities confident on Siam Cement 2H earnings, Thailand
KGI Securities expects good earning results from Thailand’s Siam Cement in the second half of 2012. "We anticipate earnings in the second half of 2012 to improve strongly th...
Ukraine production rises 4% in March
Cement production in the Ukraine in March 2012 grew by 7% compared to March 2011 to 620,000t, the country’s state statistics service has said. Cement output in the January-M...
Holcim (US) Inc celebrates group centennial, USA
The Waltham, Massachusetts headquarters of Holcim (US) Inc is participating in a year-long community service initiative to mark the centennial anniversary of its parent company...
Ambuja Cements first quarter net profit declines, India
Ambuja Cements posted a 23.4% drop in its first quarter net profit at INR312.2 crore against INR407.5 crore in the corresponding quarter last year. The company's 1Q net sale...
Loma Negra announces new plant construction, Argentina
Argentine cement producer Loma Negra has announced it will invest US$250m in a new cement plant in the province of San Juan. The factory will be built in the town of Pocito, 20...
Anhui Conch net profit falls 43.61%, China
Anhui Conch Cement said yesterday that its net profit dropped 43.64% YoY to CNY1.25bn in the first quarter of this year, due to falling cement prices and rising production cos...
ACC first-quarter hit by one-time depreciation charge
ACC Ltd Thursday said its January-March net profit fell sharply, hit by a one-time depreciation charge of INR3.35bn. ACC, a unit of Holcim Ltd, posted a net profit of INR1.52b...
UltraTech in talks to buy Mozambique mine
Aditya Birla group's UltraTech Cement - India's largest cement maker, is in talks to acquire a large limestone mine in Mozambique for about INR1500 crore. According to reports...
Pakistan’s DG Khan Cement swings to net profit
DG Khan Cement, Pakistan’s second-biggest producer, swung to a third-quarter profit thanks to an increase in prices. Net income in the three months ended March 31 was PKR754....
China Shanshui launches US$400m bond, China
China Shanshui Cement Group has launched a US$400m dollar bond to yield 10.5%, a person familiar with the matter told Dow Jones Newswires on Thursday. The planned five-year bo...
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