Low demand high supply bring cement prices down
It’s apparently uncertain times ahead for the Indian cement industry with significant oversupply and lower-than-expected demand looming large. Adding to the woes, says an...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Shareholder files affidavit - against L&T-Grasim deal
An affidavit opposing Larsen & Toubro’s petition for Court sanction for the L&T-Grasim cement deal has been submitted. The petition comes up for hearing at the High Court,...
Turkey Marmara Region cement output
The cement sector in Turkey’s Marmara region produced a total of 7.1Mt of cement in 2003, it was reported on March 14, 2004. Factories in Central Anatolia produced 5.766Mt...
Turkish Unye Cimento net loss
Turkish cement and clinker producer and distributor Unye Cimento reported a net loss of 24.7 trln Turkish lira (US$18.8m) for 2003 versus a net loss of 38.2 trln lira (US$29m) f...
Logistics contract with Holcim
The Global Alliance of French transportation and logistics company Geodis and German independent freight forwarding operator Rohde & Liesenfeld has won its first international l...
Cemex sees Q1 gain
Mexico’s Cemex , the world’s third largest cement maker, said on Tuesday it expects a 19 per cent increase in first quarter earnings before interest, taxes, deprecia...
Thai TPI Polene to erase retained losses
Thailand’s number three cement maker TPI Polene PCL said on Tuesday it plans to wipe out 19 billion baht (US$482m) retained losses by the end of the current quarter endin...
Turkish Cimsa to invest
Turkish cement producer Cimsa Cimento will invest 42.5 trln Turkish lira (US$32.3m) in clinker production at its grinding, storage and packaging plant in Kayseri, central Turkey...
KHD Humboldt Wedag AG wins contract for two new clinker grinding plants in China
Shandong Jiangshan Cement Co. Ltd., China placed the order with KHD Humboldt Wedag AG, Germany for the engineering and supply of two clinker grinding plants, both of identical t...
Polysius AG wins new order in Saudi Arabia
The Yamama Saudi Cement Company Ltd, one of the largest and longest established cement producers in Saudi Arabia, has decided on further expansion of its production capacity.
Italcementi suffers from cost pressures
On a turnover 0.5 per cent higher at €4284.7m, the operating profit at the EBITDA level at Italcementi declined by 4.3 per cent to €1060.9m as higher operating costs, particular...
Vasavdatta Cement captive power capacity
Vasavdetta Cement, part of Kesoram Industries Ltd is putting up an additional nine-mega watt capacity thermal power plant to supplement its existing 15.7 MW captive power plant ...
PPC sees earnings up 10-30 per cent
South African cement firm Pretoria Portland Cement said on Monday its profits for the half-year should be 10-30 per cent higher than last year’s thanks to good growth in d...
Oman’s Raysut to invest US$50m
Omani cement producer Raysut Cement plans to invest US$50m to boost its output by putting into operation a new production line, the company said in a statement to Muscat Securit...
Mikhailovcement posts results
Ryazan region-based JSC Mikhailovcement (affiliated to the Eurocement Holding) produced 175,000t of cement in Jan-Feb 2004. The output of packed cement grew by 29 per cent, the ...
No takers in sight for Cemcorp
The Indian government’s renewed attempts to privatise the ailing Cement Corporation of India (CCI) has come to naught with no bids being received for the company’s n...
Concerns over coal supplies
Rising demand for coal in international market has sparked fears that Indonesian exports will rise at the expense of supply to the domestic cement industry. The concern is grea...
Nigerian price debate
The high cost of production, falling local naira currency, poor production facilities in many cases and now the recent rise in freight charges have been blamed as reasons for t...
Holcim completes Apasco deal
Under the public tender offer made to minority shareholders of Mexican Group company Holcim Apasco, a total of 57,931,967 shares held by third-party shareholders had been tender...
Price rise reasons
Indian ement prices have been rising mainly because of the demand-supply mismatch. February demand has gone up by 10 per cent, compared to about 5.5 per cent in all other months...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
