Jaypee to launch open offer for Andhra Cements shares
Jaypee Development Corp is set to launch an open offer for the acquisition of INR7.63 crores shares of Andhra Cements at INR12/share, according to reports by the Economic Times...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Gresik eyes controlling stake in Semen Baturaja, increases in production
PT Semen Gresik is targeting a controlling stake in fellow state-owned cement producer, PT Semen Baturaja, which will launch an initial public offering (IPO) later this year. ...
Lafarge Malayan Cement announces new appointments
Lafarge Malayan Cement Bhd had appointed British national Bradley Peter Mulroney as its president and chief executive officer and Malaysian Chen Theng Aik as executive directo...
St Marys Cement to pilot new CO2 absorption system
Toronto-based Pond Biofuels is piloting a new CO2 absorption system at St Marys Cement, Canada. The new equipment will cut greenhouse gases by absorbing dirty stack emission...
EAPCC operations likely to resume on Thursday, Kenya
East African Portland Cement Company (EAPCC) is expected to resume operations after the parties involved in a dispute have reached a solution. EAPCC chairman, Mark ole Karbo...
Fire at Clitheroe works, UK
Firefighters attended a blaze which broke out on Friday evening at Hanson’s Ribblesdale cement works in Clitheroe, UK. Local press reported that the ire, which involved a conv...
Siam Cement Group sees revival in Myanmar demand
Siam Cement Group (SCG), which provides cement exports to Myanmar, is anticipating strong sales in the Southeast Asian country following significant declines last year. Syam...
Bank of America to arrange investor meetings for Cimento Tupi, Brazil
Brazilian cement producer, Cimento Tupi has enlisted Bank of America Corp to arrange meetings with bond investors as the company looks to expand cement capacity in its thriving...
Semen Gresik forecasts 17% rise in revenue, Indonesia
Semen Gresik expects revenue rising 17 per cent this year from an estimated 12 per cent in 2011, and also expects to raise financing this year for two new projects. . Accordi...
GCC cement sector capacity to hit 120Mt by 2013
Cement capacity in the GCC cement sector is expected to hit 120.7Mt in 2013, according to a Global Investment House (GIH) report with rising demand in Saudi Arabia, Qatar and K...
New Benin plant to be constructed
Nouvelle Cimenterie du Bénin (Nocibé) is to construct a 1.5Mta cement plant in Benin, company CEO Latfallah Layousse, said. A contract for the new plant was signed on Friday, a...
US company to invest in new Nigerian project
A USA-based investment group has announced is to construct a 1.5Mta cement plant and 600MW power plant in the southeastern state of Ebonyi, Nigeria. Local newspaper, The Nat...
East Africa Portland Cement workers return to plant, Kenya
East African Portland Cement employees have returned to plant operations after signing a ‘return-to-work’ agreement with management, local press reports. The agreement comes...
Maltsovskiy Portlandcement production rises, Russia
Maltsovskiy Portlandcement, part of the Eurocement Group, reported a rise in cement production of 2.5 per cent YoY to 3.16Mt. Clinker production totaled 3.34Mt for the year, a ...
Martin Marietta bid backed by large shareholder
One of the largest shareholders of both Vulcan Materials Co and Martin Marietta Materials Inc (MLM), South Eastern Asset Management Inc, has backed the proposed combination of ...
UltraTech 3Q net profit rises 93% on improved demand
India’s largest cement producer, UltraTech Cement, reported a 93 per cent rise in 3QFY12 net profit thanks to a double-digit rise in cement demand but energy costs continue to ...
China cement output rises 16.1%
China’s cement outpur rose 16.1 per cent YoY to 2.06bnt, the National Development and Reform Commission (NDRC) said on its website. The news comes despite the government tigh...
Japan reconstruction efforts boost Taiheiyo operating profit
As reconstruction efforts for the Great East Japan Earthquake get underway, local producers are starting to receive a boost, the The Nikkei reports. Cement sale in the quak...
Eurocement breaks ground on new Volga project, Russia
Eurocement Group, Russia’s leading cement producer, has held a groundbreaking ceremony for a new plant in the Samara, Volga region which is part of the company’s impressive mul...
Al Jouf awards contract for Line No 2, Saudi Arabia
Saudi cement producer, Al Jouf Cement, has awarded China’s Chengdu Design & Research Institute the contract for the construction of a second production line with a capacity of ...
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