Shriram EPC to enter cement business through acquisition
Shriram EPC, part of the financial services major Shriram Group, is expected to enter the Indian cement sector by picking up a majority stake in Sree Jayajothi Cement, accordin...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
High input costs impact HeidelbergCement India 4Q
HeidelbergCement India posted lower-than-expected results on the back of a sharp rise in input costs. However, the company’s exposure to the Central and Western regions, where ...
Brazil: 12-month accumulated sales up 7.6%
Preliminary data and market estimates show that domestic cement sales in Brazil for the accumulated 12 months from February 2011 to January 2012 reached 64Mt. This represents ...
Al Jouf raises Saudi Arabia selling prices
Saudi Arabian cement producer, Al Jouf Cement, says it has increased cement prices by 30 per cent to SAR260/t (US$69, however, a dispute with Saudi Aramco could mean prices wil...
Gresik establishes subsidiary to run coal mining business, Indonesia
PT Semen Gresik has established a new subsidiary to run its coal mining and processing business with a total investment of IDR500m (US$55m), reports the Jakarta Post. The es...
Tokyo Cement quarterly net profit up 43 per cent, Sri Lanka
Sri Lanka’s Tokyo Cement said net profits for the December quarter rose 43 per cent to LKR275m (US$2.3m) from a year earlier with revenues up 39 per cent to SLR5.7bn. The co...
Holcim sees 20% rise in production capacity from new plant, Indonesia
Holcim Indonesia, the country’s third largest cement producer, says its new plant in Tuban, East Java, will increase the company’s domestic cement capacity by 20 per cent, the ...
Dangote Cement – Africa market expansion
Dangote Cement, Africa’s biggest producer of the building material, last week inaugurated its Ibese plant in southwestern Nigeria. The occasion marks a significant milestone fo...
Cementos Portland Valderrivas appoints new executive chairman
The Board of Directors of Cementos Portland Valderrivas, Spain’s largest cement producer, has approved the appointment of Juan Béjar Ochoa as executive chairman of the group. ...
Lafarge meets debt reduction target, net profit falls
Lafarge reported a 28 per cent decline in net profit in 2011 reflecting write-offs mainly in Greece, while sales rose three per cent. For 2012, the group sees cement demand edg...
Spanish consumption falls to 1987 levels
Spanish cement consumption fell to 1.1Mt in January 2012, representing a 23.5 per cent decline than the same month of last year, latest figures from Spanish cement association ...
Vulcan's overall losses reduce, but rise in cement
Vulcan Materials' turnover edged ahead by 0.2% last year to US$2,564.6m and the EBITDA, which had dropped by 32.4% in 2010, recovered by 18.8% to US$440.4m. Excluding exception...
Vietnam Ministry toughens stance on cement projects
Vietnam’s Ministry of Construction is to temporarily delay work on several approved cement projects, Le Van Toi, the director of the ministry’s Construction Materials Departmen...
Tanzania Portland Cement output hit by power crisis
Tanzania Portland Cement Company (TPCC) said production rose by just three per cent last year instead of the forecasted eight per cent due to a power crisis. TPCC managing d...
Italcementi exits Turkish cement market
Ciments Français (part of the Italcementi Group) and its wholly-owned subsidiary Parcib, have signed a deal with Cimsa for the sale of 51 per cent of the capital of Afyon for ...
Adelaide Brighton reports slight drop in net profit, Australia
Adelaide Brighton on Thursday booked a net profit for the 2011 calendar year of A$148.4m, down two per cent on 2010 as a result of a higher effective tax rate. The company lift...
Macquarie keeps China demand growth at six per cent
Macquarie has kept its six per cent demand growth forecast for China's cement industry but has reduced its net supply growth forecast from four per cent to 1.4 per cent. "We...
DG Khan waste heat project registered with UNFCCC
Pakistan's DG Khan Cement’s waste heat recovery project, has been registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit. The proj...
Jidong Cement to buy controlling holder's assets, China
Tangshan Jidong Cement announced it would buy the use right of part of land, ownership of houses and supporting facilities rented by it currently from its controlling sharehold...
Saudi Cement to restart line No 6 in May
Saudi Cement announced that it will restart its sixth kiln line in May this year at the latest after upgrade work is completed. The company has been working on improving the 4...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
