GCC completes private placement
Grupo Cementos de Chihuahua (GCC) a leading cement producer in markets where it competes in Mexico, the United States and Bolivia, today announced the successful completion of a...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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China to restructure cement sector
China will restructure the cement industry by favoring selected cement producers, in a bid to sideline the least efficient companies, the China Securities Journal reported. Var...
Mandiri, Holcim sign pact on housing loans
Indonesia’s Bank Mandiri signed a memorandum of understanding Monday with PT Holcim Indonesia, on the extending of loans to Holcim’s partner distributors to encourage them...
No cement monopoly in Sabah, Malaysia
Sabah Economic Development Corporation (Sedco) subsidiary, Cement Industries (Sabah) Sdn Bhd (CIS), said it is not monopolising the supply of cement in the Malaysian State.
Iran’s largest cement plant to come on-stream
The largest ever cement plant of the nation is projected to come on stream in the second half of the current Iranian year.
Eighty firefighters stop cement plant blaze, US
A stubborn coal fire in a concrete silo at Keystone Cement in East Allen Township kept dozens of firefighters busy for about seven hours Saturday
Binani Cement to divest stake to Mauritius fund, India
In a notice to stock exchanges, Binani Industries said that it had decided to divest 10.09 per cent in its subsidiary Binani Cements to Ganesha Prime Holdings (Mauritius), a sub...
Imported Cuban cement – no price increase, Jamaica
Cement imported from Cuba will not attract the 15 per cent increase in price announced by the Caribbean Cement Company Limited a few weeks ago.
Cement companies look at further investments, Indonesia
Some Indonesian cement companies are going to realize their investments to construct new plants in order to anticipate increasing market demands.
Cimsa to build new production line, Turkey
Cimsa announced that it would extend its investment in Eskisehir facility. The company will build a new modern grey cement production line with TRY 80.25mn (US$53.5m
Cemex Venezuela profit gains
The Venezuelan unit of Mexican cement company Cemex (CX) saw profits skyrocket 87 per cent during the first half of the year as demand for cement in the Andean country set new r...
Polpaico ups profits 18 per cent, Chile
Chilean cement producer Cemento Polpaico increased consolidated net profits 18.3 per cent to 9.82bn pesos (US$18.2m) during the first half of this year, compared to the same per...
Dalmia Cement net up four-fold
Dalmia Cement (Bharat) Ltd today reported a more than four-fold increase in net profit at Rs 50.28 crore for the April-June quarter this fiscal as compared to Rs 10.72 crore in ...
Grasim 1Q improvements, India
India’s Grasim Industries Ltd said Saturday its fiscal first-quarter consolidated net profit rose 47 per cent as its cement and viscose staple fiber business grew. The com...
Proposal for subsidy on clinker imports rejected, Pakistan
The Pakistan government is learned to have turned down a proposal of cement manufacturers to provide subsidy on import of clinker, at par with imported cement.
Gresik to seek extra funds for new plant
PT Semen Gresik said it will seek Rp2.28 trillion (US$253m) in additional funds to build a new Rp3.5 trillion cement factory
Century plans mega cement expansion
Century Textiles and Industries has informed the Bombay Stock Exchange that it is embarking on a Rs 790-crore expansion that would raise the cement capacity at its plant in Chan...
TPIPL’s 2Q06 results slightly below expectation
TPI Polene (TPIPL)’s 2Q06 net profit fell 70% q-o-q to Bt344m, but improved from Bt256m loss in 2Q05. This included Bt99m unrealized FX gain on foreign debts (2Q05: Bt765m...
Indocement H1 net profit increases, Indonesia
Indonesia’s No.2 cement maker, PT Indocement Tunggal Prakarsa Tbk, reported on Monday an 11.5 per cent rise in first-half net profit, despite weaker overall industry sales...
China’s cement output hits new high
China’s cement output in the first half of the year hit a record high for a six-month period, up 20.9 per cent from the same period last year to 540Mt, the Xinhua-run Chin...
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