RHI Magnesita to acquire Resco Group
RHI Magnesita has announced plans to acquire US-based Resco Group, a manufacturer of alumina and refractories. The deal is reported to be worth up to US$430m, says Reuters. Acc...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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International Cement Group sees revenue advance 14% YoY
International Cement Group (ICG) , which operates cement plants in Tajikistan and Kazakhstan, has reported revenue of SGD257.4m (US$191.4m) in 2023, up 14 per cent on the SGD2...
Aggregate Industries announces Port of Liverpool Super Shed
As part of a long-term plan to support increased demand for cementitious products across the UK construction market, Aggregate Industries (AIUK) has announced a significant i...
Administrative changes at Fecto Cement and Fauji Cement
Fecto Cement Ltd's Company Secretary, Abdul Wahab, informed Pakistan Stock Exchange Ltd (PSX) on 8 April that Hanif Idress has been appointed as the Chief Financial Officer (...
Refratechnik Asia joins WCA
Refratechnik Asia has become an associate corporate member of the World Cement Association (WCA). Refratechnik Asia supplies high-quality refractory materials to the cement an...
China Tianrui Group Cement shares drop 99%
China Tianrui Group Cement Co Ltd shares fell 99 per cent to around HKD0.05 (US$0.006) on 9 April, pushing its market capitalisation to HKD141m. About 281m, a third of the comp...
Local authority spending underpinning Italian cement demand
Italian cement output started the year strongly, expanding 14 per cent YoY in January 2024, according to the Italian concrete association, Federbeton. This follows a seven per ...
Texas Lehigh Cement and Eagle Materials to launch slag cement facility
Heidelberg Materials North America has announced that its Texas Lehigh Cement Co LP subsidiary, a 50-50 joint venture with Eagle Materials Inc , will start production this...
Strong growth in Iran cement despite risks
Iranian cement consumption rose 15.2 per cent YoY in February 2024 to 4.93Mt, up from 4.28Mt, according to the Iranian cement association. Producers manufactured 5.13Mt of ceme...
Cement production sees negligible growth in 7MFY23-24
According to the Pakistan Bureau of Statistics, Pakistan’s cement industry production during the first seven months of FY23-24 (July 2023-January 2024) stood at 24.24Mt, almost...
India's Navrattan Group to launch green cement
India-based construction company Navrattan Group is planning to launch a green cement into the local market. According to the company, the new cement will offer builders, archi...
China starts public consultation on emissions accounting and verification guidelines
China is carrying out a public consultation on drafting guidelines regarding emissions accounting and verification for the country’s cement sector until 15 April 2024. This wou...
SCG to develop biochar-infused cement
Siam Cement Group (SCG) is collaborating with Biochar Life, a pioneer in biochar technology for environmental sustainability, to develop biochar-infused cement and other sust...
Cement producers back waste management recycling initiative
Thailand's key cement plant in Saraburi has launched a fresh attempt to turn waste into energy, led by the Thai Cement Manufacturers Association (TCMA). Located close to th...
Argos Honduras breaks clinker production record in 2023
Argos Honduras has set a new record in clinker production in 2023, increasing clinker output by three per cent. The company attributes the new record to the successful impl...
City and Umm Al-Qura Cement agree to date extension of swap deal
City Cement Co last week announced an update at the Saudi Stock Exchange (Tadawul) regarding extending a non-binding Memorandum of Understanding (MoU) concerning a securities...
Indian cement stocks boosted 3% due to increasing bag prices
Indian cement stocks have seen significant price increases, as major companies have imposed price hikes on bags of cement (averaging INR10-INR15 per bag). The five key pr...
Saint-Gobain acquires Canada-based Bailey Group
Saint-Gobain has entered into a definitive agreement for the acquisition of The Bailey Group Companies, consisting of Bailey-Hunt Ltd and its subsidiaries, a privately owned m...
West Pokot clinker plant finally launched
The much delayed KES45bn (US$346.6m) Devki Group West Pokot clinker plant was finally launched on Monday by Kenya's President William Ruth. The new plant will process up to ...
Indian cement leaders will expand capacity by 42.1Mta in FY24-25
UltraTech Cement announced plans to commission an additional 5.4Mta of production capacity, which will bring its overall capacity to 151Mta. This expansion is part of a wider...
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