Ghorahi Cement to come on-stream in April, Nepal
The latest addition to the Nepal cement production base, Ghorahi Cement Udhyog in the Dang district, is to start production on the 25 April 2012. According to plant officials, ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Saudi Arabian cement heads to Yemen
Large quantities of cement from Saudi Arabia are being smuggled into Yemen at competitive prices due to the decline of local supply and increased demand in Yemen, according to ...
Holcim CEO cost cutting measures – report
Bernard Fontana, Holcim’s new chief executive officer, will have to restructure the cement maker’s business in Europe where additional plants will have to be closed, cut costs,...
Camargo Correa bids for Cimpor
Camargo Correa has announced a €2480m bid for Cimpor at €5.50 per share, a 10% premium on the pre-offer share price. InterCement Austria, a wholly-owned subsidiary of Camargo C...
Buzzi Unicem boosted by strong Dyckerhoff advance
On a turnover that advanced by 5.2% to €2787.4m, Buzzi Unicem’s underlying EBITDA improved by 6.0% to €422.3m. With the non-recurrence of the exceptional charges seen in 2010, ...
Dangote to list on London Stock Exchange – report
Nigeria-based cement producer Dangote Cement has mandated JP Morgan and Morgan Stanley to handle its London listing, according to a report in the Financial Times. Dangote Ce...
Jiangxi Wannianqing Cement net profit rises, China
Jiangxi Wannianqing Cement Co Ltd reported a 230 per cent YoY rise in net profit year due to an increase in sales volumes and higher selling prices. China Business Newswire re...
HSBC lifts Lafarge price target, upgrades Heidelberg
HSBC has lifted the share price target of Lafarge to EUR 37 from EUR 27 and reiterated its "neutral" recommendation. The broker considers that the construction sector is recov...
KHD wins new contract in Malaysia
Straits Cement, a 100% subsidiary of the Malaysian YTL Group, has awarded KHD with a EUR100m contract to build a new 5000tpd plant located near Kuantan, Malaysia, The new plan...
China: broad recovery in demand anticipated
Analysts said Thursday that Chinese cement and building-material firms are seeing a broad recovery in demand and have forecast cement prices to rise throughout the year, as war...
Deutsche Bank raises stake in Shanshui Cement, China
Deutsche Bank acquired 33.09 million shares in China Shanshui Cement Group Ltd at HK$ 5.55 apiece and for a total of HK$ 184m last Friday, China Business Newswire reported, cit...
Athi River Mining: East Africa expansion
Kenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company ...
Cemex US volumes boosted by mild weather
Cemex said it may have recorded strong growth in US cement volumes in the first two months of the year helped by good weather. "The first two months of the year have been gr...
Lafarge Zimbabwe bullish on year ahead
Lafarge Cement Zimbabwe reported a 19 per cent increase in turnover of ZWD$49.7m (US$0.14m) in 2011 driven by rising local demand. Pretax profit was up 35 per cent to ZWD5...
China to tighten restrictions on capacity expansion
China is to tighten restrictions on increases in new capacity in 2012 to manage surplus capacity, according to Liu Ming, an official of the National Development Reform Commissi...
Vietnam quarterly production seen declining
Vietnam cement manufacturers are estimated to have produced 12.1Mt of cement in the first quarter of this year, down 10.7% from a year earlier. In March alone, the Southeast...
Credit Suisse lowers BBMG Corp target price
Credit Suisse lowered its target price for BBMG Corporation to HK$9.6 from HK$11.9, and maintained its "outperform" rating. The research house said the China-based producer ...
Inverargos shareholders approve name change, Colombia
Shareholders of Inversiones Argos (Inverargos), the investment arm of Colombia's largest cement firm Cementos Argos, approved a name change to Grupo Argos during a meeting held...
Devnya Cement begins expansion project, Bulgaria
Bulgarian cement producer Devnya Cement, a unit of Italy’s Italcementi, has officially launched a EUR160m upgrade project. The company has signed up CBMI of China, a subsidia...
China United Cement to issue bills
China United Cement Group Co, a unit of China National Building Material Co, plans to issue CNY1bn worth of 365-day unsecured bills on the interbank market today. Coupon rat...
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