Qilianshan Cement's rights issue plan approval, China
Gansu Qilianshan Cement, has received approval from China Securities Regulatory Commission (CSRC) to raise as much as CNY1.68bn via a rights issue. The company plans to issue ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cuban plant celebrates anniversary, surpasses production target
With over 25,000t of grey cement made in the first quarter of this year, the “26 de Julio” cement works situated in the municipality of Nuevitas, Cuba, celebrates its 44th anni...
India cartel ruling expected in 15 days
India’s Competition Commission said it will be at least 15 days before it issues its final report on an alleged cartel by 39 cement companies. "There will be 2-3 meetings of...
Irish Cement strike action continues, Ireland
Workers at the Irish Cement production plants in Limerick and Platin are continuing strike action over a dispute surrounding the company’s failure to honour a Labour recommenda...
New Jamaican project given green light
Canadian engineering firm Cemcorp has been given permission by the National Environment and Planning Agency (NEPA) to construct Jamaica's second cement plant, according to loca...
No asset sales in proposed Cimpor buyout
Jose Barros Franco, chief executive of Intercement, a subsidiary of Brazil's second-largest construction group Camargo Correa does not expect to have to sell any assets if its ...
Yamama Saudi Cement 1Q12 net profit rises
Yamama Saudi Cement said Tuesday its first-quarter profit surged 54% on the year to SAR278m (US$74.1m) due to higher sales and improved operational efficiency. First-quarter ...
Cartel ruling expected shortly, India
A ruling by the Competition Commission of India (CCI) on an alleged cartel by cement companies is expected imminently, with a negative verdict likely to negatively affect profi...
Fitch revises China Shanshui Cement Outlook
Fitch Ratings has revised China Shanshui Cement’s Outlook to Positive from Stable. The Outlook reflects an “improved competitive landscape in Shandong, Shanshui’s core market a...
Iran output rises eight per cent
Iran registered an eight per cent YoY rise in cement production last year, which ended on 19 March with volumes reaching 66.4Mt, IRNA news agency reported. Some 67.6Mt of cli...
China’s cement makers fall on demand worries
Chinese cement companies fell sharply on worries about sluggish demand as China’s investment growth is slowing, Dow Jones reports. Thanks to production limits imposed by the...
Qatar quarry relocation not to affect cement sector
Qatar’s reported moves to relocate as many as 14 quarries will not affect the country's cement production base, according to a report by Global Investment House (GIH). "At ...
Fitch Ratings affirms Cimento Tupi ratings, Brazil
Fitch Ratings has affirmed the following ratings of Brazilian cement producer, Cimento Tupi SA's (Tupi): • Foreign currency Issuer Default Rating (IDR) at 'B' • Local cu...
Lafarge Jordan Cement 2011 losses
Lafarge Jordan Cement reported JOD20m worth of losses in 2011 and revenues dropped 21 per cent YoY to JOD134m, according to reports in The National. The company, which onc...
Pakistan prices see further rises
Cement producers in the Sindh and Balochistan regions have increased cement prices by PKR10/bag – the second increase in just over two weeks, according to reports by local pre...
Pokot Factory scheduled for completion at end-2013, Kenya
A new 1.2Mta cement factory being constructed in the Pokot region of Kenya, will be completed within the next 15 months, Rajesh Kumar Rawal, director of the Cemtech Sanghi Grou...
UAE producers told to assess environmental impact
Cement producers operating in the UAE have been instructed to assess the environmental impact of operations by Dr. Rashid Ahmed bin Fahd, Minister of Environment and Water. ...
China Shanshui to issue senior notes, China
China Shanshui Cement said it proposes to conduct an international offering of senior notes and would commence a series of roadshow presentations beginning on or around 11 Apri...
Holcim Ada plant participates in centenary celebrations, USA
Holcim (US) Ada cement plant located in Ada, Oklahoma is participating in a year-long community service initiative to mark the centennial anniversary of its parent company, Hol...
Fives Pillard strengthens its position in Indian combustion market
The Fives group has acquired CBL Combustion Systems, an Indian company specialising in the design and supply of combustion equipment used mainly in the energy (burners for indu...
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