Cement industry news

21 Jul 2011 International

Pakistan full-year sales decline

Pakistan’s domestic and export sales fell to 31.38Mt in fiscal 2010/11 which has just ended, down by

21 Jul 2011 Corporate

Cimpor receives new financing ??

Cimpor has realised new funding worth approximately EUR100m

21 Jul 2011 International

Vietnam Cement Finance posts pre-tax profit

Cement Finance Joint Stock Company (CFC), an affiliate of Vietnam Cement Corporation, said it made a

20 Jul 2011 International

Dungsam plant expected to go on-stream in Jan 2012, Bhutan

Dungsam Cement Corporation Ltd’s cement project, which is being established in Nganglam, southeastern

20 Jul 2011 International

PCA downgrades its forecasts for 2012

The US Portland Cement Association (PCA) has just reduced its forecasts for US cement consumption to relatively unchanged levels for 2011E and 2012E on the back of consistent sl...

20 Jul 2011 Corporate

Cemex expected to report smaller 2Q loss YoY

Cemex is expected to post a smaller second-quarter net loss on Friday 22 July as revenue gets a lift from higher prices

20 Jul 2011 International

India June output falls

Cement production in June declined 1.3% on month to 13.89Mt, which is a six-month low. In May,

20 Jul 2011 Corporate

Al Jouf Cement swings to net profit, Saudi Arabia

Saudi Arabia’s Al Jouf Cement Co Tuesday swung to a net profit of SAR25.9m (US$6.9m) in the second quarter of 2011,

20 Jul 2011 International

S’tomo Osaka Cement to revamp output, logistics ops

Sumitomo Osaka Cement Co will overhaul its production and distribution operations in response to declining domestic demand.

20 Jul 2011 International

Lafarge Ogun power plant to boost local supply, Nigeria

Lafarge Cement WAPCO’s recently inaugurated 90MW power plant at its cement works in Ewekoro,

20 Jul 2011 Corporate

S&P says US$650m notes add-on not to sway Cemex’s rating

S&P said on Tuesday the additional US$650m issue to the existing seven-year US$1bn senior secured

20 Jul 2011 International

Gov’t officials step in to resolve Twiga land dispute, Tanzania

The Tanzanian government has assured Twiga Cement Company that it is working to ensure that

20 Jul 2011 Environmental

Saudi factory fined for violating waste disposal rules

The Environmental Protection and Development Authority (EPDA) has issue a fine on a cement fa

20 Jul 2011 Corporate

Siam Cement: weak 2Q11 expected but 2H advance forecast

Thai conglomerate, Siam Cement (SCC) is expected to post weak QoQ earnings for 2Q11 due mainly to

19 Jul 2011 Corporate

LSR Group announces bond placement, Russia

Russia’s LSR Group announces the placement of interest-bearing non-convertible rouble bonds redeemed at

19 Jul 2011 International

Holcim’s investments in Serbia

Since the launch of operations in Serbia in 2002, Holcim Serbia has invested more than EUR100 million.

19 Jul 2011 International

Indian producers likely to face margin pressures

After enjoying a peak pricing power in March, cement companies are likely to face margin pressure in the April-June quarter

19 Jul 2011 International

Outlook for global building materials sector

The outlook for the global building materials industry remains varied with strong growth in most emerging markets, a likely recovery in

19 Jul 2011 International

UBS remains positive on China cement sector

The decline in cement prices in some regions of China over the past week is due mainly to pressure from newly added capacity, UBS says in a report.

19 Jul 2011 Corporate

Southern Province net profit up 29%

Southern Province Cement Co, Saudi Arabia’s biggest cement firm by market value, said Monday its second-quarter net profit rose 29.2% to SAR239m (US$63.7m)