Cimpor defence document rejects Camargo Correa bid
The Cimpor defence document claims that the Camargo Correa bid significantly undervalues the company. It points out that the EUR5.50 per share offer compares poorly with the E...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Shuangma Cement 28.23% drop in net profit, China
Shuangma Cement’s net profit fell 28.23% YoY to CNY331m (US$52.4m) last year, due to higher fuel and raw material costs, China Knowledge Press reported. The company, controlle...
Holcim Indonesia boosts dividend payout, Capex plans
Holcim Indonesia plans to distribute IDR425bn (US$46m) in dividends, or the equivalent of 40 per cent of its 2011 net income, its chief executive has said. Speaking to the J...
Tanga Cement: full-year 2011 down on rising production costs
Tanzanian cement producer, Tanga Cement, reported a 32 per cent drop in 2011 net profit due to the depreciation of the local currency, erratic power supply and rising costs of ...
Saudi Cement Co 1Q net rises, Saudi Arabia
Saudi Cement Co posted a 53.4 per cent rise in first-quarter net profit of SAR325.6m (US$86.8m) in the period, compared with SAR210.8m a year earlier, the company said in a sta...
Asia Cement issues profit warning, China
Asia Cement China said it expects the group to record a substantially lower net profit for the first quarter of 2012 compared to the same period of last year. The decrease is...
Peru: first-quarter 2012 shipments up 12.84 per cent
Cement sales in the Peruvian market totalled 2.2Mt between January and March 2012, 12.84% more than 1Q11 (1.95Mt), according to data from the Association of Cement Producers (A...
SOTACIB’s new Kairouan cement plant begins production
A new cement plant located in the Rouissat region, Kairouan governorate, by the Société Tuniso-Andalouse du Ciment Blanc (SOTACIB), has begun producing its first cement accordi...
Future drivers of UK cement consumption
With the UK construction industry continuing to suffer from reduced private and public demand, the offshore wind industry offers considerable economic promise, according to And...
Indonesian 1Q12 sales rise 18.2%
Indonesia's domestic cement sales were 12.5Mt in the first quarter, up 18.2 per cent from a year ago, data from PT Semen Gresik Tbk showed on Friday. March sales were ...
US January shipments rise 25% YoY
Total shipments of Portland and blended cement in the United States and Puerto Rico for January 2012 rose by 25 per cent YoY, data from the US Geological Survey shows , while ...
Vietnam first-quarter cement consumption at 9.57Mt
Vietnam’s cement sales stood at 9.57Mt in the first quarter of this year, meeting 17.4 per cent of the whole-year plan, due to the implementation of several projects in March t...
Raysut Cement to get US$166.2m loan to refinance debt, Oman
Oman's largest cement company by market value, Raysut Cement said its board of directors decided at a meeting on Wednesday to take a OMR64m (US$166.2m) term loan to refinance a...
Tongli Cement posts 19.28% net profit fall, China
Henan Tongli Cement Co Ltd said on 11 April that it reaped a net profit of CNY25.99m in the first quarter of 2012, down 19.28% on-year, China Business Newswire reports. Basic e...
Hail Cement gets government fund for new plant, Saudi Arabia
Hail Cement Co said in a bourse statement yesterday that the Saudi Industrial Development Fund (SIDF) had agreed to extend a SAR300m (US$160m) loan. The Saudi Arabian cement p...
Indian cement corporate announcements
UltraTech Cement has informed that the NJ Jhaveri has resigned from the board of the company with effect from 4 April, 2012, according to a filing to the Bombay Stock Exchange ...
Holcim (US) agrees to pay Clean Water Act Penalty, USA
The US Environmental Protection Agency has entered into a Combined Complaint and Consent Agreement (CCCA) with Holcim (US), Inc in response to alleged violations of the Clean W...
East African Portland Cement shares reinstated, Kenya
Kenya's Capital Markets Authority has re-admitted shares of East African Portland Cement after a two-month suspension, saying doubts about the firm's ability to run its busines...
Argentina sees strong MoM gains
Argentina’s shipments (domestic plus export) in March 2012 reached 973,069t, representing a month-on-month rise of 24.1 per cent, data from the local cement association, AFCP, ...
Eurocement increases stake in Holcim, Switzerland
Russia's largest cement maker Eurocement has increased its stake in Holcim to 10.8 per cent, newspaper Handelszeitung reports in article to be published Thursday. Eurocement'...
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