Grupo Argos formalises COP392bn sustainable linked loan
Grupo Argos and Bancolombia signed the first loan agreement tied to sustainability indicators in Colombia, where the interest rate is tied to the company’s performance on gende...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Lasselsberger Group's 700tpd white cement plant nears commercial start-up
The Lasselsberger group of Austria is preparing to launch a new 700tpd of white cement plant in the Abzelilovsky district of Bashkiria, Russia. It is the second white cement p...
Ecebol plant to produce 0.573Mt of cement in 2021
State-run Ecebol expects its plant in Oruro, Bolivia, to produce 0.573Mt of cement in 2021, according to Jose Luis Jimenez, the company’s manager. It is forecast to achieve sal...
Maple Leaf Cement sees 13% increase in sales
Pakistan’s Maple Leaf Cement has reported a 13 per cent rise in net sales to PKR26.1bn (US$168.29m) for the nine-month period ended 31 March 2021, up from PKR23.1bn in the year...
Holcim Philippines reports 81% rise in net income
Holcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, ...
DG Khan Cement reports 7% rise in revenue
Pakistan’s DG Khan Cement has announced a net profit of PKR2.24bn (US$14.45m) in the first quarter of 2021, compared to a PKR1.07bn loss in the year-ago period. For the 9MFY2...
Chile’s cement market expands 6% in February
Cement deliveries in Chile increased by six per cent to 351,735t in February 2021 when compared with February 2020 when 331,905t were dispatched, according to the Chilean const...
Fancesa inaugurates new Cal Orcko line
Bolivia’s Fábrica Nacional de Cemento SA (Fancesa) inaugurated its new production line at Cal Orcko, near Sucre. The US$215.45m investment will bring plant capacity to 2100tpd....
Heracles Cement launches Improved ECOPact concretes
Heracles Group (Lafargeholcim) has released a new series of ECOPact concretes, adding to its 'green' product portfolio. This is the first series of concrete in the Greek market...
FCT Combustion appoints new Asia-Pacific CEO
Andy Bailes has been announced as the new CEO of FCT Combustion (Asia-Pacific). Andy joins FCT after almost 30 years at Metso in Australia, having spent 10 years as General Man...
LafargeHolcim reports outstanding 1Q21 results in Asia Pacific
LafaregHolcim's Asia Pacific division recorded strong cement sales of 18.9Mt, and increase of 19.6 per cent from 15.8Mt in the 1Q20. Aggregate sales also rose to 7.6Mt, up 35.4...
Vietnam prices up as costs increase
Selling prices of cement in Vietnam have recently increased by VND30,000-40,000 (US$1.29-1.72)/t as production costs have increased, according Luong Duc Long, vice president an...
Hranice sees 12% increase in 2020 profit
Czech cement producer Cement Hranice, owned by Germany-based Dyckerhoff AG, saw its profit rise 12.1 per cent YoY to CZK561.5m (US$26.2m) in 2020 on sales of CZK1.797bn, up 1.2...
Zuari Cement issued with closure order
Zuari Cement’s operations in Yerraguntla, Kadapa, has been issued with a closure order by India’s Andhra Pradesh Pollution Control Board (APPCB). The closure orders were issu...
LafargeHolcim improves its sustainability performance and ESG rating
LafargeHolcim announced that its sustainability achievements in 2021 were ranked ranked first in its sector by Vigeo Eiris, giving the company its highest rating of A1 + . Lafa...
Schenck Process Group appoints Advisory Board chairman
Schenck Process Group has appointed Dr Ulrich Spiesshofer as chairman of its Advisory Board, effective from 1 May 2021. Dr Spiesshofer brings three decades of executive m...
The search is on for new investors in Brazil's cement sector
Brazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Ciment...
LafargeHolcim sees net sales rise 7% in 1Q21
LafargeHolcim recorded a record start to 2021, led by net sales improving by 7.4 per cent and an increase in recurring EBIT of 130.7 per cent compared to the prior year period...
BMH Technology wins high-capacity waste shredding order
BMH Technology Oy will supply three waste shredding lines to SsangYong C&E's plants in Donghae and YeongWol, South Korea. The lines will produce high-quality solid recovered fu...
Arabian Cement faces mill project delay at Rabigh plant
Arabian Cement Co said its new cement mill project at the Rabigh plant has been delayed by 150 days and will now be completed in the 4Q21. The delay was due to contractor...
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