Pacasmayo: substantial growth potential – report
Peruvian cement producer, Cementos Pacasmayo, which completed a US$230m share offering in New York, has “substantial growth potential” with its cement plant expansion and phosp...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Babcock to manage Lafarge fleet, North America
Lafarge has awarded Babcock International a UK£100m fleet management contract across its cement and aggregates sites in North America. The 10-year deal sees Babock providing a...
Gyzyldash cement plant scheduled to begin in 2013
Within the next month Gyzyldash Cement will begin construction of a 5000tpd clinker plan (2Mta cement plant) in Azerbaijan. The contract was signed by Azerbaijan with Norm LLC...
Fitch revises Siam Cement's outlook to stable
Fitch Ratings (Thailand) Limited has revised Siam Cement Public Company Limited's (SCC) Outlook to Stable from Positive. The ratings have been affirmed at National Long-term 'A...
HeidelbergCement ahead in 2011, but margins narrow
The preliminary figures from HeidelbergCement show a 9.7 per cent advance in turnover last year to €12,902m, but the EBITDA was improving at a more modest 3.6 per cent to €2,32...
Buzzi Unicem reduces debt and raises cement volumes
Buzzi Unicem turnover improved by 5.2 per cent last year to €2787m, of which Dyckerhoff contributed a 13.2 per cent advance to €1600m. The underlying EBITDA, which will be anno...
Domestic demand offsets fall in Pakistan exports
Pakistan produced 17.94Mt of cement in the first seven months of the current fiscal ending January 2012, according to data from the All Pakistan Cement Manufacturers Associatio...
Vassiliko workers strike over wages, Cyprus
Some 170 employees of the Vassiliko Cement Public Company staged a 24-hour warning strike over wage disputes, according to reports from the Cyprus Mail. Workers unions PEO and...
WR Grace splits Grace Davison business in two
W.R. Grace & Co has split its Grace Davision business into two operating segments, a move the specialty-chemical company said would help it align more closely with its markets ...
Suez Cement bag filter project completed, Egypt
Egypt’s Head of Environmental Affairs, Eng. Hossam Hegazy, accompanied by a number of senior officials from his ministry visited on Tuesday, February 7th, 2012, Tourah Portland...
Action against cement companies delayed, India
Action against the eight cement companies alleged of flouting the forest and environment norms in the Jaintia Hills district of Meghalya, India has been further delayed. Loc...
Pakistan cement industry pin hopes on MFN status to India
Pakistan and India are likely to discuss the issue of Most Favoured Nation (MFN) during a visit this week by an India trade delegation, headed by its Commerce Minister Anand Sh...
Sharjah Cement 3Q net profit rises due to lower costs
Sharjah Cement says its third quarter net profit rose AED6.7m (US$1.8m) from a loss of AED4.4m in the same period last year. The company said its performance was hampered by a...
Morgan Stanley lifts Lafarge price target
Morgan Stanley has lifted the share price target of Lafarge from EUR36 to EUR42 and assigned an ‘equal-weight’ recommendations. Analysts at Morgan Stanley see optimistic pro...
Morgan Stanley raises Japanese cement sector rating
Morgan Stanley MUFJ Securities has set the Japanese cement sector’s rating to “attractive” – the highest ranking on its three-tier scale. According to a Nikkei report, analy...
JK Lakshmi Cement board OKs buyback of shares, India
JK Lakshmi Cement said its board of directors has approved the buyback offer of 13.5m equity shares at a price not exceeding INR70/share for a total consideration of up to INR9...
Venezuela cement prices rise 13.4%
In January the prices of construction materials in Venezuela increased 2.5 per cent largely as a result from a rise in prices in the steel and cement sectors. Statistics fro...
Akcansa and Cimsa seek acquisitions
Two of Turkey’s leading cement producers, Akcansa Cimento and Cimsa, plan two separate overseas acquisitions this year, Bloomberg reports. According to Mehmet Gocmen, Head of ...
New contract from Cimento Itambé, Brazil
Cimento Itambé has awarded Aumund do Brasil and Schade Lagertechnik GmbH a contract for the rebuilding of a limestone storage facility. Apart from the refurbishment of an exist...
RAK Cement posts third consecutive quarterly loss, UAE
Ras Al Khaimah Cement Company, based in the UAE, has issued its preliminary results for 4Q11, posting its third consecutive quarterly net loss of AED8.5m (US$2.3m). This brings...
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