Citigroup keeps ACC at sell, India
Citigroup keeps ACC at Sell with a INR996 price target, based on EV/ton, after the company pos
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Indonesian sales recover from seasonal slowdown
Indonesian cement sales recovered from a seasonal downturn in August and stood at 4.19Mt in September.
Recent order for Cemengal, Australia
Cemengal has received an order from Cement Australia to supply a new greenfield cement and slag grinding plant in Port Kembla (Australia).
Vicat performs strongly in Turkey and India
Vicat’s first half turnover rose by 16.4% to €1,146.2m, which represents a 10.7% increase on a comparative basis
Pakistan: rise in domestic sales offset by falls in exports
Pakistan registered an increase in cement sales in October of 0.74 per cent while domestic demand was
Philippine government spending fuels Holcim sales
The Philippine cement industry is feeling the benefits of higher public works spending by the Aquino administration
HeidelbergCement rising cement sales, outlook affirmed
HeidelbergCement confirmed its outlook for the year after third quarter turnover rose 6.6% from the year-earlier quarter, supported by sustained growth in Asia-Pacific and Afric...
Vulcan’s cement loss doubles
Vulcan Materials’ turnover for the first nine months eased by 1.2% to US$1949.9m, while the EBITDA
GCC posts US$9.7m loss in 3Q, Mexico
Mexicos’ Grupo Cementos de Chihuahua (GCC) posted a loss of MXP131m (US$9.7m) in the third quarter of this year,
UltraTech Cement sales dip, India
India’s Ultratech Cement on Wednesday reported nearly seven per cent decline in October sales at 3.187Mt over the same month last year.
Dangote Cement profit up 23 per cent, Nigeria
Dangote Cement posted a 23 per cent increase in nine-month profit as cement sales rose.
India’s Aditya Birla mulls bid for coal venture-sources
India’s diversified Aditya Birla Group is considering bidding for Australia’s New Hope Corp, a US$5bn coal miner
Banca IMI cuts Italcementi rating on weak Egyptian business
Brokerage Banca IMI cut today the rating on Italy’s cement maker Italcementi SpA to "hold" from "buy" to reflect lowered earnings forecasts due
Cemex to complete Bunol storage facility in 2012
Cemex plans to complete the construction of a clinker storage facility at its cement plant in Bunol, Spain, in
New Estonia plant project to be relaunched in 2015
Estonia-based chemical company Viru Keemia Grupp (VKG) is planning to relaunch the plan for a new cement plant which it had stalled in 2009.
UK construction sector ’unexpectedly expands’
The UK’s construction sector unexpectedly grew at the fastest pace in five months in October, according to a new survey.
Raw materials, finished items should be under ’mandatory standards’
Philippines Cement manufacturers have asked the Department of Trade and Industry to impose
Cemex in Poland’s Chelm recognised for excellence in environmental management
Cemex in Poland’s Chelm cement plant was recently registered in EMAS, the European Eco-Management and Audit Scheme
India’s Ambuja Cements Oct shipments up 1.7% YoY
Ambuja Cements Ltd, India’s No. 3 cement maker, said late on Tuesday shipments in October rose 1.7 per cent from a year ago to 1.78Mt.
Japanese prices rise on robust demand
Japanese cement prices have started to rise throughout the country, due to strong demand from the private sector and ongoing reconstruction efforts in the Tohoku region.
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