Afrisam settles cement cartel complaint, South Africa
South African cement producer Afrisam has concluded a settlement agreement with the Competition Commission in which it admitted that it took part in a cement cartel and agreed ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Dangote to begin Phase 2 of Ibese plant, Nigeria
Dangote Group said it is set to commence the construction of the second phase of the 6Mta cement plant which forms part of the company's plan to become a major force in cement ...
Bestway Cement net profit rises, Pakistan
Bestway Cement Limited has posted PKR724.99m (US$274,8m) net profit in the half year period ended December 31, 2011 compared to after tax loss of PKR477.050m in the correspondi...
Emerging markets continue to drive Holcim sales
Holcim's consolidated sales for 2011 fell 4.2% on the previous year to CHF20.7bn (US$23.1bn), although the company says that on a like-for-like basis it saw a +7.5% increase in...
GCC sees improved sales in USA and Mexico
Mexican cement producer Grupo Cementos de Chihuahua (GCC) reported a 4.9 per cent YoY rise in full year consolidated net sales to MXP7197.4m, as it reported improvements in con...
Cimpor financing needs covered to end-2013
Cimpor, Portugal’s leading cement producer, has said it has covered all its financing needs until the end of 2013, Chief Financial Officer Antonio Valera said at a conference t...
Boral’s first half profit falls, Australia
Australian building materials producer Boral’s turnover in the six months to the end of December improved by 1.9% to AUD$2,433m (€1,976m) while the EBITDA declined by 11.9% to ...
Vietnam Jan-Feb production down 14%
Cement production in Vietnam is estimated to have reached 7Mt in the first two months of this year, down 14 per cent YoY, data from the government’s General Statistics Office (...
Dewan Cement reverses six month loss, Pakistan
Pakistan cement producer, Dewan Cement Ltd, posted a PKR130m (US$1.43m) profit after tax in the first half of the current fiscal (in 1HFY12) compared to a loss of PKR325.1m in ...
Azerbaijan readies itself to export cement by 2014
The government of Azerbaijan has said that by 2014 the country will be exporting 25 per cent of the cement it produces as new capacity comes on-stream in the coming years. P...
Siam raises stake in Philippine firm, mulling Myanmar plans
Thailand’s Siam Cement has reached a deal to raise its stake in a listed Philippine building materials firm from 40 per cent to 80 per cent in a deal valued at THB1bn (US$33m)....
CRH helped by acquisitions
CRH's turnover recovered by 5.3% last year to €18,081m and the EBITDA was ahead by 2.5% to €1656m. The trading profit rose by 24.8% to €871m and after other charges, including ...
Strike action begins at Trinidad Cement Company
All operations at Trinidad Cement Company have shut down as the Oilfields Workers’ Trade Union (OWTU) began strike action yesterday after wage talks collapsed. The union has ...
Oman Cement to resume Line 1
Oman Cement Company is to resume operations at Kiln Line No 1 which was suspended last week on orders from the Ministry of Environment and Climate Affairs on pollution concerns...
New bill to spur Indonesia infrastructure activity
The Indonesian government’s land acquisition bill in December is expected to speed up land purchases for public infrastructure projects, boosting cement demand according analys...
Natixis reiterates Lafarge “buy” recommendation
Natixis has confirmed its “buy” recommendation and EUR40 share price target on Lafarge. The broker said it is confident of the company’s ability to achieve its 2012 goals and r...
Jaiprakash to hive off cement company, India
Jaiprakash Associates will hive off its cement plants and other units of the company to wholly-owned subsidiary, Jaypee Cement Corporation, the Economic Times of India reports....
Lafarge-Strabag complete test runs at new Hungary works
Lafarge and Strabag have successfully completed a test run at their Kiralyegyhaza cement plant in south west Hungary which they completed last autumn, Lafarge Cement Cement Mag...
Semen Padang in alternative fuels initiative, Indonesia
Indonesia's Semen Padang is developing the use of waste materials to replace coal, according to Abusyamsari, a member of the company’s innovation team. The state-owned cement ...
Freight market remains subdued
After hitting a 25-year low of 647 on 3 February, the Baltic Dry Index (BDI) slowly recovered somewhat but in the past week or so the index has been bumping along the bottom. O...
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