Coal India cuts coal price due to cement opposition
Coal India, rolled back on Tuesday an increase in prices under a new pricing policy due to opposition from cement and power sectors but will review the system after assessing i...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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New SLV Cement dealer for GCC countries
Cachapuz Bilanciai Group has extended the representation of SLV Cement and SLV Platform solutions to new countries in GCC through the Rameez Kalbani FZC company. With this p...
Goldman Sachs keeps "buy" on HeidelbergCement
Goldman Sachs on Tuesday reiterated its "buy" recommendation and EUR43 share price target on HeidelbergCement. Despite the past above-average share price development, the stoc...
Jidong Cement completes private bond placement, China
Tangshan Jidong Cement announced today that it has finished a CNY1.91bn (US$302.8m) private placement to a Hong Kong-based investment company, China Business Newswire reports. ...
Goldman Sachs cuts Buzzi Unicem's rating, Italy
Goldman Sachs downgraded its rating on Buzz Unicem to "sell" from "neutral" due to signs of slowdown in the construction sector in Europe and the high energy prices, SeeNews It...
Jiangxi unit receives tax rebates, China
Jiangxi Wannianqing Cement announced on Tuesday that one of its units recently received CNY23.9m of tax rebates. The money will be counted into the unit's earnings in the firs...
UPCL to set up cement blending unit, India
Udupi Power Corporation Limited (UPCL) plans to establish a cement blending unit at its plant in Udupi district to overcome fly ash problem leading to environmental threat in t...
Bedouin kidnap cement industry workers, Egypt
Egyptian Bedouin kidnapped 25 cement factory workers in Sinai on Tuesday, demanding authorities free fellow tribesmen from prison, sources from the tribe said. Daily News Egyp...
Afyon Cimento sale expected in February – source
The sale of Turkish cement producer Afyon Cimento is expected to be completed in February and 3-4 binding offers have been received, a source close to the matter disclosed to R...
Lucky Cement first-half boosted by higher prices, Pakistan
Pakistan’s Lucky Cement reported a net profit of PKR3.02bn (US$33.4m) in the 1HFY12, which is 107 per cent higher than the same period of last by a rise in demand and prices. ...
PPC ‘cautiously optimistic’ on demand outlook
South Africa’s leading cement producer, Pretoria Portland Cement (PPC) said it is ‘cautiously optimistic’ about the cement demand outlook for its domestic and Zimbabwe markets....
Steppe Cement sees 31% rise in revenue, Kazakhstan
Kazakhstan-based cement producer, Steppe Cement, reported a 31 per cent rise in revenue in 2011 to KZT14.07bn (EUR71.77m) compared to KZT10.74bn in 2010. Cement sales rose to ...
Increased sales drive Yanbu Cement’s net profit higher
Yanbu Cement reported a 23 per cent rise in 2011 net profit to SAR529m (US$141.1m) due to an increase in sales. The Saudi Arabian producer added in a bourse filing that earnin...
Tanzanian cement discussions
Tanzanian cement producers have been urged to review their profit margins to make cement more affordable and thus increase per capita consumption, according to local press repo...
Dispute delays Bolivia plant construction
The governor of the Bolivian city of Oruro, Tito Santos, on Monday urged the Plurinational Legislative Assembly to expedite the discussion of the draft Law of Territorial Units...
Chile’s per capita demand advances
Per capita consumption of cement in Chile is reaching the levels noted before the 2008 economic crisis and is equated with those of developed countries, according to data relea...
Cemex waste fuel agreement, Mexico
Cemex has been using waste from Mexico city as part of its production process since last November. The company ships between 500tpd and 600tpd, a figure that could rise to 1000...
Dangote sets date for Ibese plant launch, Nigeria
Nigeria’s largest cement producer, Dangote Cement, says it will launch its new Ibese plant on 9 February 2012. The plant, with a cement capacity of 6Mta, is situated in Ogun St...
Vietnam new plants to add pressure to existing surplus
Despite the Vietnam cement sector witnessing an over-supply scenario, this year the country is set to see a further 7Mta of new capacity from government-approved projects enter...
Aramco offers enough fuel for Saudi Arabia cement to raise output
Concerns that ongoing fuel issues with Saudi Arabian Oil Co (Aramco) will delay increases in domestic cement capacity are being allayed by an Aramco representative. O kaz ne...
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