Cemex plans to sell about US$1bn of non-core assets by 2012
Cemex plans to sell about US$1bn of assets by the end of 2012 to reduce debt, CEO, Lorenzo Zambrano said.
Cement industry news
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Qassim Cement net profit rises in 1H11, Saudi Cement
Saudi cement producer Qassim Cement Co (QCC) said its net profit for the first half of 2011 rose 3.9%
Indian Resources & Prism Cement coal contract
India Resources has executed a contract with Prism Cement to develop and operate the first phase of Prism’s
Anhui Conch Cement Co added to Index
Anhui Conch Cement Co. Ltd of China will be added to the Dow Jones Construction & Materials Titans 30
NRC commences cement haulage from Ewekoro to Ibadan, Nigeria
The Nigerian Railway Corporation (NRC) has commenced cement shipments from Ewekoro, Ogun State to Ibadan
Karl von Wedel receives lifetime achievement award, Germany
As part of the Technical and Scientific Meeting of German Cement Works Association (VDZ) in
Afrisam share conversion an attempt to reduce debt, SA
The Public Investment Corp’s plans to convert its preference shares into equity in Afrisam Ltd, is an
Texas Industries reduces 1Q loss
Texas Industries’ turnover improved by 5.6% to US$181.7m, in the first quarter ending in August and the
Semen Gresik plans US$1bn bond sale next year
Semen Gresik, Indonesia’s largest cement producer, may sell bonds next year to help finance its expansion plans, a company executive has said.
HeidelbergCement issues a Eurobond
HeidelbergCement issued a Eurobond yesterday under its EUR10bn EMTN programme with an issuance
Holcim Portland Plant Receives EPA’s 2011 ENERGY STAR

Holcim announced today that its plant in Florence, CO has earned the US Environmental Protection
S&P changes Buzzi Unicem’s rating
Standard & Poor’s has changed the long-term corporate rating assigned to Buzzi Unicem and to its German subsidiary
Hail Cement IPO jumps above 130%, Saudi Arabia
Saudi Arabia’s Hail Cement Co’s initial public offering of 50 per cent of its shares was more than 130 per
Indonesian demand expected to rise 13%
The Indonesia’s Cement Association sees cement demand in 2011 is expected to reach 43Mt, up 13 per cent from last year’s
Indonesian to complete coal acquisition by 2012
Indonesia’s largest cement producer PT Semen Gresik said it hopes to wrap up plans to acquire two coal
Holcim sees 20% rise in Malaysia’s large and infrastructure market
Holcim Malaysia Sdn Bhd expects a 20% increase in business from large and infrastructure projects in 2012.
India’s R-Infra plans cement expansion
RInfra is currently setting up two 5Mta cement plants in Madhya Pradesh and Maharashtra and plans to expand its business to other parts of India.
Malawi’s new Njereze plant completes first phase
Cement Products Ltd (CPL) announced it has completed phase I of the US$50m cement plant at Njereze in the lakeshore district of Mangochi, Malawi.
Oman Cement secures OMR26m in modernisation loans
Oman Cement Co has obtained two loans totalling just over OMR25.77m from Bank Muscat as it aims to finance a number of modernisation projects and revamp its aging cement works.
Hail Cement IPO jumps above 130%
Saudi Arabia’s Hail Cement Co’s initial public offering of 50% of its share was more than 130% oversubscribed.
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