Saudi Arabia: Eastern Province net profit up 6% YoY
For the year ending 31 December 2011, Eastern Province Cement Co announced that its net profit was SAR364m (US$97m), compared to SAR343m (US$91.4m) for the same period of the p...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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USA: Lehigh proposes land swap
Under a proposal with Lehigh Southwest Cement Co, the Shasta-Trinity National Forest around Lake Shasta could grow by about 246 acres. Lehigh Southwest Cement wants to swap ...
South Africa: cement sales boom
In South Africa cement sales by volume soared by 22% YoY in January to 779,003t, data released by the Cement and Concrete Institute (CNCI) showed. January’s data is merely ...
Sinoma completes biggest cement factory in sub-Saharan Africa
Sinoma has completed a 6Mta cement plant in Nigeria for Dangote Cement Group. The US$1.6bn plant was formally unveiled on Thursday evening by Nigerian President Goodluck Jonat...
Israel's Clal sells 55% of Nesher cement unit to Livnats
Holding company Clal Industries agreed to sell a 55% stake in Mashav Initiating & Development, the parent of Nesher Cement, to the Livnat family for ILS1.32bn (US$355m). Clal ...
Zimbabwe: PPC to empower community, workers
Pretoria Portland Cement (PPC) has agreed to transfer 10% of its shareholding to the Community Share Ownership Scheme to comply with the indigenisation and empowerment laws. Th...
Saudi Arabia: short-term solution to cement shortage
The acute cement shortage in Makkah province might be on its way to be solved with the daily injection of 10,000t of cement (200,000 bags) into the region, sources at the Minis...
Indonesia's January cement sales rise and PT Semen Gresik announces new packaging plants
Indonesia's domestic cement sales rose 15.2% YoY in January, according to PT Semen Gresik. According to the firm's website, the country's sales volumes in January reached 4.06M...
Consumption in Thailand to rebound on building reconstructions
President Pramote Techasupatkul said the government should act quickly and accelerate infrastructure projects after suspending some in last year's fourth quarter when severe fl...
Nigeria: AshakaCem to boost cement capacity by 0.3Mta
Ashaka Cement Plc, a subsidiary of Lafarge Cement WAPCO Nigeria plc, says it is adding 300,000tpa in capacity and raising its total output potential to 1.3Mta. Alhaji Umaru ...
Kenya: quarry blockage paralyses cement plant
Barely two weeks after the troubled East African Portland Cement (EAPC) resumed operations, the cement factory is facing closure due to lack of raw materials. Members of Maa...
Saudi cement output rises 23% in January
Cement production in Saudi arabia, the Arab world’s largest economy, grew 23% in January from the same month a year earlier. Production from 13 companies rose to 4.8Mt last mon...
Qatar National Cement profit fell to QAR445m in 2011
Qatar National Cement Co said its profit fell to QAR445m in 2011 from QAR467m in 2010 on reduced domestic demand. It added that it will pay a cash dividend of QAR6/share.
FLSmidth wins Mongolia project
FLSmidth has been awarded a contract worth approximately EUR86m from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield cement plant. The plant will be loc...
More private finance needed to fund UK infrastructure projects
The UK's Construction Products Association (CPA) has emphasised the essential role private finance has in providing funding for infrastructure and other public sector assets, e...
South African January sales rise 22%
South African cement sales increased by 22 per cent YoY in January 2012 to 779,003t compared to 638,749t in 2011, data released by the Cement and Concrete Institute (CNCI) show...
Dangote inaugurates new Ibese cement plant, Nigeria
Dangote Cement, opened a US$1bn cement plant on Thursday, raising its production capacity by more than 40 per cent. The new plant will produce 6Mta of cement, taking Dangote’s...
ACC and Ambuja optimistic on year ahead
Holcim’s Indian interests, ACC and Ambuja Cements both have an optimistic outlook for domestic cement demand this year, the Wall Street Journal reports. ACC said though econo...
Jaypee Cement set to launch new Andhra Pradesh plant, India
Jaypee Cement’s new 5Mta cement plant, situated in Krishna District, Andhra Pradesh, will commence next month, Business Line of India reports. The new facility will cater mai...
Deutsche Bank revises China outlook
Following discussions with the China Cement Association, Deutsche Bank now expect capacity growth of 7.5% and 3.4% in 2012 and 2013 versus its previous expectations of 4.1% and...
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