Cement barge runs aground
A 60m empty cement barge ran aground near McMicking Point, Vancouver on New Year’s Day. Staff from Vancouver-based Lafarge, the company that owns the barge
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Pakistani domestic sales down, exports perform well
Pakistani cement works operated at 59 per cent capacity in December 2008 as compared to 61 per cent in December 2007, the lowest monthly utilisation recorded after February 2004...
Holcim Malaysia poised for higher sales despite economic slowdown
Holcim Malaysia Sdn Bhd expects to record better sales in 2008 despite a slowdown since the third
CRH implements previously announced Board changes
CRH plc, the international building materials group, confirms that the following Board changes, announced during 2008, took effect from 1 January 2009.
Cemex US markets under pressure in 2009
Cemex could face more price declines in 2009 in the US, as lower-cost cement imports erode profit in the Mexican company’s largest market, weighing on efforts to reduce its $16....
Dangote makes N30bn currency gain in suspended cement deal
Nigerian news sources note that it may not all be bad news for Nigerian conglomerate, Dangote Group, following a December 12 announcement that it was suspending parts of its mul...
HeidelbergCement makes gains
German stocks rose for the first time in four days, led by MAN AG on speculation Europe’s third- largest truckmaker will raise its stake in Swedish competitor Scania AB.
Cemex: canary Island asset sale completed
Cemex announced this week that it has completed the previously-announced sale of its Canary Islands operations to several Spanish subsidiaries of Cimpor Cimentos
Sinoma establishes US$88m cement plant in Gansu
China National Materials Group Corporation (Sinoma), China’s largest cement-making equipment producer, inaugurated a new dry-process cement plant in Baiyin, Gansu province...
Iran’s Cement Industry Reaches Self-Sufficiency
Iran is now self-sufficient not only in cement production but also in constructing and commissioning cement factories, Industries and Mines Minister Ali Akbar Mehrabian said.
Tank-Weld imports from Vulcan in US
Tank-Weld has signed a contract with US construction firm vulcan Materials to supplym cement to the Jamaican market. Under the agreement, Tankweld will
Nigerian prices and imports in the spotlight again
Every day, news about high cost of cement makes headlines in the Nigerian press and while some blame the present government for lack of political will to enforce government poli...
Credit Suisse exits Binani
Vinod Juneja, Managing Director, Binani Cement, India, said that Credit Suisse has sold its 9.11 per cent stake which it held via a Mauritius
Heracles posts dividends
Shareholders of Heracles Cement, majority owned by France’s Lafarge, decided a 32 million euro or 0.405 Euro per share capital return, Greece’s financial daily Imerisia re...
Indian cement prices to soften
India’s Economic Times has reported that cement prices are expected to soften by about INR7 to INR12 per bag in the first week of January, due to a slowdown in the housing secto...
Yemeni cement exported to Djibouti
Aden Cement Factory exported on 12,500 tonnes of cement to Djibouti in late December and this represents the second such shipment, Yemeni news sources report.
Turkish Oyak to cut output
Ordu Yardımlaşma Kurumu, the Turkish army pension fund known as Oyak, expects cement output and sales to fall 10 per cent next year, business daily
Mozambique cuts cement tax as costs soar
Mozambique has suspended a 10.5 percent tax on cement imports for the next two years to counter rising building costs, a government official said on Thursday. Cabinet spokesman ...
ACC alternative fuel business soars
ACC Ltd, the largest cement manufacturer in India, has seen its alternative fuels and raw materials (AFR) business, grow at more than 20 per cent this year. The company, which w...
That was the year that was!
As the year comes to a close, it is worth reflecting on a few statistics from the past twelve months since the market highs achieved in May and June, time charter averages for t...
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