S&P rates China Tianrui Group Cement 'B+'
Ratings agency Standard & Poor’s (S&P) has assigned its 'B+' long-term corporate credit rating and 'cnBB' Greater China credit scale rating to China Tianrui Group Cement Co. Lt...
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Saudi cement sales reach monthly high – report
Saudi Arabian cement sales and clinker production reached record monthly highs in March 2012, a new report by NCB Capital shows. “Domestic cement sales rose 12.6 per cent Yo...
European construction reports third consecutive monthly fall
European construction output dropped for a third month in February, led by declines in Germany and Italy. Construction in the 17-nation euro region plunged 7.1 per cent from...
Brazil first-quarter sales rise 13.3%
Preliminary data on the Brazilian cement market shows that for the first quarter of 2012, domestic sales climbed 13.3% YoY to 16.4Mt, according to Sindicato Nacional da Industr...
Raysut Cement seeks new funds, Oman
Raysut Cement has announced that its Board of Directors has approved moves for a fresh term loan of OMR64m (US$166.2m) from three Omani banks. T he board has given its appro...
Two Holcim plants recognised at PCA spring meeting, USA
Holcim announced today that its Holly Hill in Holly Hill, SC and Theodore in Theodore, AL, plants, have been recognised by the Portland Cement Association (PCA) at its Spring B...
Jaypee plans capacity hike, India
India’s Jaypee Group is aiming to increase cement capacity to around 50Mta over the next five years from 33.5Mt, the Economic Times of India reports. Shiva Dixit, vice presi...
TXI sells package products operations to CRH arm, USA
Texas Industries, Inc announced the sale of its Texas based packaged products operations to Charlotte, NC-based Bonsal American, a unit of Oldcastle, Inc. The transaction in...
UltraTech Cement appoints additional director, India
UltraTech Cement’s board of directors have appointed M Damodaran as an additional director (independent) with effect from 16 April 2012, the company said in a statement to the ...
Tianshan Cement first-quarter profit forecasts, China
Xinjiang Tianshan Cement, based in Xinjiang Uyghur Autonomous Region, has forecast that its net profit widened to CNY133m (US$ in the first quarter of 2012 from CNY7.41, a year...
INC reactivates its clinker kiln, Paraguay
Following a two-week shutdown, Industria Nacional de Cemento (INC) yesterday reactivated its clinker kiln, according to the state company.? Having heated up the kiln, input...
Italcementi opens i.lab Research Centre, Italy
Italcementi’s new Research and Innovation Centre designed by the US Architect Richard Meier, was inaugurated today in the presence of the Italian Minister for the Environment C...
Steppe Cement sales fall, Kazakhstan
Kazakhstan-based Steppe Cement said Tuesday that in the first quarter ended March 31 it sold 170,080t of cement for KZT1,953m, compared with 187,404t for KZT1722m in the first...
Irish Cement strike enters third week, Ireland
Management at Irish Cement has expressed disappointment at the escalation of industrial action at its two locations at Platin in County Meath and Castlemungret in County Limeri...
China Shanshui seeks to price dollar bond, China
China Shanshui Cement Group Ltd is seeking to price a benchmark US dollar bond to yield in the "high 10s," a person familiar with the matter told Dow Jones Newswires on Tuesday...
Cementos Portland to ask permission for capital hike, Spain
Spanish cement producer Cementos Portland Valderrivas will request its shareholders permission to launch a capital increase over the next five years. With the move, the compan...
Fauji Cement reports drop in profit, Pakistan
Pakistan cemet producer, Fauji Cement Company, has reported a lower profit after tax of PKR140.391m (US$1.55m) during nine months ending 31 March, 2012. According to financial...
Jidong Cement profit warning, China
Tangshan Jidong Cement Co Ltd, a Hebei Province-based cement producer, predicted on 13 April that its net loss widened to CNY200-250m in the first quarter of this year from CNY...
Vicem sells 4.04Mt of cement, clinker in first quarter 2012
Vietnam Cement Industry Corporation (Vicem) sold 4.04Mt of cement and clinker in the first quarter of this year, falling 14 per cent from a year earlier and fulfilling 91 per c...
Sichuan Shuangma Cement Co net profit drops
Sichuan Shuangma Cement Co net profit dropped 32.5% in 2011 to CNY162.65m (US$25.8m), from an adjusted 2010 net profit of CNY240.97m. The company's shares are down 1.4% at C...
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