Cement industry news

14 Apr 2011 International

Saudi cement sector first-quarter results

A number of leading Saudi cement producers have released their first-quarter 2011 results this week with three of the four companies under

14 Apr 2011 International

Spanish cement demand up 2.2% in first-quarter


Spanish cement consumption in the first quarter reached 5.2Mt, representing a 2.18% increase compared

14 Apr 2011 International

ACC expects market share to cross 11 per cent mark

ACC, one of the largest cement manufacturers, expects its market share to cross 11 per cent in 2011 from 10.2 per cent recorded in 2010.

14 Apr 2011 International

Turkey’s Sabanci seeks acquisitions

Turkey’s Sabanci cement group is seeking acquisitions in the region and could spend between TRL1bn-1.5bn (US$660-$988m) on buy-outs this year, its chairman Mehmet Gocmen s...

14 Apr 2011 Corporate

Mexico’s Cemex sees US$400m in savings – report

Cemex expects a reorganisation to save some US$400m annually after 18 months, according to Chief Executive Lorenzo Zambrano

14 Apr 2011 International

Shree Cement revives Raipur cement plan, India

Shree Cement, the biggest in the northern region, is to set up a clinker plant in Raipur, Chhattisgarh

14 Apr 2011 Corporate

Texas Industries declares quarterly dividend, USA

The Board of Directors of Texas Industries, Inc (TXI) declared a cash dividend of US$.075 per common share payable May 31, 2011 to shareholders of record May 6, 2011.

14 Apr 2011 International

Podilskyi Tsement to increase output 15.3%, Ukraine

Ukrainian producer Podilskyi Tsement plans to increase cement output by 15.3% this year, or up 0.2Mt to 1.5Mta.

14 Apr 2011 Environmental

Environmental go-ahead for Ambuja cement plant, India

An Indian Ministry of Environment & Forests panel has approved Ambuja Cements Ltd.’s proposed cement plant in the north-western state of Rajasthan.

14 Apr 2011 Corporate

Lucky Cement earnings’ outlook, Pakistan

Lucky Cement Limited is set to release its 9MFY11 financial results on April 16, 2011.

14 Apr 2011 International

Thailand’s Siam Cement 1Q11 earnings to THB8bn

Kim Eng Securities expects Thai conglomerate Siam Cement’s 1Q11 earnings to be strong at THB8bn (+19% QoQ, +17% YoY) with continuing growth.

14 Apr 2011 International

Saudi Cement profit up 19%, Saudi Arabia

Saudi Cement Co, Saudi Arabia’s second-biggest cement producer by market value, said-first quarter profit rose 19 per cent as production efficiency increased with additional cap...

14 Apr 2011 Corporate

Fitch reaffirms Cementos Argos’ ratings, focus on Colombia

Fitch Ratings Colombia reaffirmed Cementos’ Argos’ rating of AA+ (high level) with a stable outlook for the bonds the company issued in 2009

14 Apr 2011 Corporate

UOB keeps Sinoma at buy, booming Xinjiang demand, China

UOB KayHian keeps Sinoma at Buy with a target price of HK$9.50, citing "booming cement demand in Xinjiang

14 Apr 2011 International

Pakistan likely to lift ban on cement exports

Pakistan is very likely to lift ban off cement export to India latest by next month, which will allow transportation of cement to its neighbour overland,

14 Apr 2011 International

Tanga marks anniversary with improved packaging, Tanzania

Tanzanian cement producer, Tanga Cement has launched new bags for its Simba Cement brand to improve packaging.

13 Apr 2011 Environmental

Apasco signs tyre deal, Mexico

Holcim Apasco, through its subsidiary Ecoltec, signed a collaboration agreement with this council, to

13 Apr 2011 Corporate

Cement makers up on Exane upgrade

Shares in Holcim and HeidelbergCement surged more than four per cent, outperforming a 1.8 per cent

13 Apr 2011 International

Ulyanovskcement boosted by production revival, Russia

ZAO Ulyanovskcement (Ulyanvosk region, Russia), a member of the Eurocement Group, reported a 65%

13 Apr 2011 Corporate

Misr Cement Qena posts 11% 1Q11 drop

Egypt’s Misr Cement Qena posted an 11 per cent drop in 2011 first quarter net profit to EGP103.7m (US$17m), the stock exchange said on Wednesday.