Germany: VDZ and BDZ combine operations
The German Cement Works Association (VDZ) and the Federal Association of German Cement Industry (BDZ) are combining operations and merging into the German Cement Works Associat...
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East African Portland suspended from trading on bourse
Shares of East African Portland Cement (EAPCC) have been suspended from trading on the Nairobi Stock Exchange for 60 days by the Capital Markets Authority, The Standard of Keny...
South Korea’s exports reach record levels
South Korea exported 4.49Mt of cement in 2011, up a marked 62 per cent from 2.7Mt as producers turn to exports as a property slump hurts domestic demand. Including clinker, ...
Siam Cement eyes Myanmar investment
Thailand’s Siam Cement Group (SCG) said it is studying the possibility of investing in a cement plant in Myanmar, company President and CEO, Kan Trakulhon said. Mr Trakulhoo...
Tongli Cement expects 83% rise in net profit
Chinese cement producer, Henan Tongli Cement, expects an 83 per cent rise in net profit for 2011 at CNY235m, up 83 per cent YoY. Earnings per share for the Henan Province-based...
Pikalevskiy Cement production rises, Russia
Russia-based producer Pikalevskiy Cement reported a rise in cement production of three per cent in 2011 to 1.78Mt, SKRIN newswire reports. The company, which operates in the...
FLSmidth: minerals division gains ground
FLSmidth reported on Tuesday that revenues from its minerals division over its cement business for the first time. CEO of the Danish engineering group, Jorgen Huno Rasmussen...
Quinn declared bankrupt by Dublin court, Ireland
Former Irish billionaire Sean Quinn has been made bankrupt in Dublin days after his bankruptcy in the UK was annulled by a Belfast court. Quinn’s ill-fated investment in Anglo...
Peruvian 2011 shipments rise marginally
Shipments of cement in the Peruvian market totaled 8.9Mt between January and December 2011, 2.42 per cent more than that recorded in 2010, when (8.98Mt), reported the Associati...
GHACEM to raise capacity as demand thrives
GHACEM, the leading cement producer in Ghana, has reported that domestic cement demand increased by a record 22 per cent last year on the back of robust economic growth and oi...
Saudi Cement 4Q11 up on higher demand
Saudi Cement Co posted a 39.7 per cent rise in its 4Q11 net profit, on higher production and demand. Net profit for the quarter reached SAR212.3m (US$56.6m) compared to SAR15...
Pakistan cement cartel investigation
The Competition Commission of Pakistan (CCP) has conducted a search and inspection of the All Pakistan Cement Manufacturers Association (APCMA) premises as well as Kohat Cement...
Can Tho Mineral and Cement signs export deal
A new export deal has been signed by Vietnamese cement producer, Can Tho Mineral and Cement JSC and a Chinese partner for 24,000t to be delivered to Cambodia. Can Tho’s Chai...
Eastern Province net profit rises 6% per cent, Saudi Arabia
Eastern Province Cement of Saudi Arabia registered a 2011 net profit of SAR364m (US$97.1m), up six per
Iran to launch Venezuelan cement factory in March
Iranian-built cement factory in Venezuela "Cerro Azul" is to be launched in March 2012, according to local press reports. Iranian Ehdas Sanat Company signed a contract with ...
JK Cement begins construction of UAE cement plant
India’s JK Cement has started construction of a white cement plant in the UAE, the completion of which could make it a top five player in the niche market of white cement. T...
Spanish firms to pay fine on northern cartel
A number of Spanish cement companies have been imposed with a fine worth over EUR11.09m by Spanish competition watchdog, CNC, for setting up a cartel in northern Spain. Ceme...
Dalmia Cement to acquire Assam-based company, India
Indian cement producer Dalmia Cement is to acquire a 50 per cent stake in Assam-based Calcom Cement India. Calcom is a joint venture between Vinay Cement (69 per cent stake)...
India Cements sets its sights on pan-Indian presence
Southern Indian cement producer, India Cements, is aiming to achieve a pan-Indian presence to benefit from development across the region by acquiring new mining leases and impr...
Mining closure set to affect Kenyan production
Operations by Kenya’s leading cement producers including East African Portland Cement and Bamburi Cement – all with operations in the Athi River region – may be forced to halt ...
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