Ash Grove Utah plant wins top safety award
The Ash Grove Cement Company’s Leamington, Utah, plant won top honors in the company’s annual L.T. Sunderland Safety Excellence Award competition for 2011.Since 2006, eight Ash...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Trinidad sales rise on impending strike action
Trinidad Cement Ltd (TCL) has recorded a 30 per cent increase in sales of its cement products as suppliers began stocking up on supplies in preparation for strike action at the...
Investments in China cement sector drops
Investment in China’s cement sector declined 8.3 per cent YoY to CNY143.9bn (US$22.85) in 2011, the country’s Ministry of Industry and Information Technology (MIIT) reported. ...
Cautious outlook on Czech Republic market
Cement production in the Czech Republic rose by 15% to 3.8Mt last year while domestic sales increased five per cent to around 3Mt, the Association of Cement Producers said. How...
Cementos Portland reports 2011 loss, Spain
Cementos Portland Valderrivas of Spain reported a loss of EUR327.5m for 2011 against a profit of EUR1.2m registered in 2010, local press reported. The result was explained b...
Bamburi Cement uncertain on 2012 outlook
Bamburi Cement, a unit of Lafarge, reported a 28 per cent rise in 2011 turnover supported by sales from its Ugandan unit but warns its performance this year could be affected b...
CNBM sees 2011 annual net profit doubling, China
China National Building Materials said it expects 2011 annual net profit to double on increased prices and higher cement sales and, according to some analysts, the company sho...
Pakistan cement exports forecast to grow
Pakistan cement exports in the first seven months (July 2011-January 2012) of the current fiscal year fell in terms of quantity but gained in price by US$4.33/t, data by the Pa...
Cemex share approval, confident on meeting debt obligations
Cemex shareholders have approved a plan for the company to issue more shares. The proceedings from the issuance will be used to pay a dividend, the company said at its annual s...
Cements Argos: positive outlook after strong 2011 results
Cementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it...
Jefferies starts India cement coverage
Jefferies has initiated coverage on the Indian cement industry with a buy rating on ACC, Grasim Industries, India Cements, UltraTech Cement, and hold rating on Ambuja Cements. ...
Catskill plant closure to be made permanent, USA
Holcim is reportedly permanently closing its Catskill plant in the state of New York, USA, according to a local news report which cites notice given to the Department of Envi...
Cement division helps boost YTL net profit, Malaysia
YTL Corp of Malaysia registered a net profit of MYR489.2m in the six months ended 31 December 2011, up 10.4 per cent YoY, boosted by the group’s cement and multi-utility arm. R...
Weak demand and high input costs hit Holcim Philippines earnings
Holcim Philippines posted a net earnings of PHP2.03bn, down 47.27% from the PHP3.85bn it earned in 2010 as weaker cement demand and higher input costs impacted revenue but said...
Cemex to appeal fine, Mexico
Cemex CEO Lorenzo Zambrano has reiterated that the company will appeal a fine for allegedly blocking competitors from bringing cement into Mexico, the Wall Street Journal repor...
Fujian joint-venture announced, China
Chinese cement producer, Fujian Cement plans to set up a joint venture, Fujian Jianfu Southern Cement, with its second-largest shareholder, Southern Cement to consolidate the c...
Suez Cement reports 54% decline in 2011 net profit
Suez Cement of Egypt posted a 54 per cent decline in 2011 due to political unrest and uncertainty. Net income fell to EGP568.6m (US$94m) from EGP1.24bn in 2010, the company...
FCC may delay sale of US unit
Fomento de Construcciones & Contratas SA (FCC) of Spain may delay the sale of its US business after receiving offers below expectations, El Confidencial reports. FCC had wan...
Indonesia to invest US$6.3bn in new capacity projects
Indonesian cement producers plan to invest IDR57trn (US$6.3bn) to raise domestic production, chairman of the Indonesian Cement Association (ASI) said. The Investor Daily rep...
Falluja Cement factory to be rehabilitated, Iraq
Iraq’s Ministry of Industry and Minerals has signed a 20-year investment contract to rehabilitate the Fulluja Cement Factory, as the country emerges seeks to attract inward inv...
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