Cement industry news

16 Jun 2009 International

Lafarge Places a EUR750m Bond

Lafarge placed, under its EMTN1 program, a EUR750 million bond with a 7-year and 5-month maturity and fixed annual coupon of 7.625%.

16 Jun 2009 International

Sinoma buys Qilianshan Cement stake for Rmb501m

China National Materials (Sinoma) said it has agreed to subscribe 55 million A shares of Qilianshan

15 Jun 2009 Freight Markets

Dry bulk rates lose some upward momentum

Despite a weekly loss on all the dry bulk indices, brokers say there is no evidence yet of a full-scale correction, and with

15 Jun 2009 Corporate

Cemex in further divestments

Martin Marietta Materials has paid Cemex US$65m for three quarries in Nebraska, Wyoming and Utah as

15 Jun 2009 International

Cemex sells Australian interests to Holcim

In its efforts to reduce debt and to improve its balance sheet, Cemex has reached an agreement with Holcim to sell all of its Australian interests to the Swiss group for approxi...

15 Jun 2009 International

Cheap imports force 13% slide in cement prices

Cement prices in the UAE have dropped by around 13 per cent or Dh40/t since April, according to

15 Jun 2009 International

Saudi cement plant contract for Sinoma

Riyadh Cement Co a private Saudi Cement manufacturing Co has awarded a contract to China’s Sinoma

15 Jun 2009 International

ACC considers new plant in Bengal

ACC Ltd has expressed interest in building a 2Mt plant in Bengal.

15 Jun 2009 Recent Orders

KCP Limited chooses FLSmidth Automation

KCP Limited chooses FLSmidth Automation India as their supplier for plant

15 Jun 2009 Trading

Cement firms press for restoration of tariffs

Philippine cement manufacturers are asking the government to restore tariffs on imports on June 21, as

15 Jun 2009 International

Nigeria Benue Cement FY net profit jumps

Nigeria’s Benue Cement Company, controlled by local private conglomerate Dangote Group, recorded a

15 Jun 2009 International

Guyana sends delegation to Trinidad

A five-man delegation will be representing Guyana this week at the Caribbean Court of Justice (CCJ)

12 Jun 2009 International

Lanka Cement mulls re-opening KKS factory

Lanka Cement expects to re-open the Kankesanthurai (KKS) Cement Factory in the near future.

12 Jun 2009 International

Rio Grande plant shutdown extended

In response to a lowered demand for cement, GCC Rio Grande Portland Cement in Tijeras is extending

11 Jun 2009 Corporate

Larsen & Toubro said to be selling 8.3% of UltraTech

Larsen & Toubro Ltd, India’s biggest engineering company, is offering to sell 10.3 million shares in

11 Jun 2009 International

Nigerian Lafarge unit eyes growth, cost cuts

Ashaka Cement Plc , a Nigerian unit of Lafarge, plans to expand output capacity while cutting costs as it

11 Jun 2009 Corporate

Vulcan expects weak orders to cut 2009 profit

Vulcan Materials Co on Wednesday forecast 2009 profit below Wall Street expectations as construction

11 Jun 2009 International

Northwest Russia plant to resume production

A cement plant at the center of protests over wage arrears in northwest Russia’s town of Pikalyovo will

11 Jun 2009 Environmental

EPA extends comment deadline for proposed plant rules

EPA is extending the public comment deadline to September 4, 2009 on a proposal to slash mercury

11 Jun 2009 Corporate

Lafarge Cement appoints new SA chief

Lafarge Cement has appointed Thierry Legrand as its new CEO for South Africa.