Semen Indonesia eyes expanding export volume in 2020
PT Semen Indonesia Tbk remains optimistic that the cement market will improve and to boost its volumes, it will target export markets in 2020. "The addition of capacity allow...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Crown Cement cuts employee salaries
Bangladesh-based Crown Cement has decided to reduce the salaries and other benefits of its employees by 20.5 per cent as it attributes an unprecedented loss in the current fina...
GCCA names Dinah McLeod as new CEO
The Global Cement and Concrete Association (GCCA) has appointed Dinah McLeod as CEO, effective from early July. Ms McLeod succeeds Benjamin Sporton. Dinah most recently serve...
Misr Insurance reduces Misr Cement-Qena stake
Misr Insurance Co has lowered its stake in Misr Cement-Qena from 9.3 to 4.68 per cent, Misr Asset Management said in a statement to the Egyptian Exchange on 23 June. The insu...
Elementia appoints new CEO
Mexico’s Elementia has appointed Jaime Rocha Font as its new CEO, with effect from 2 September 2020. Mr Rocha Font will take over the position from Fernando Ruiz Jacques, who h...
Cement consumption in Vietnam slips 3% YoY in May
Vietnamese cement demand fell by three per cent YoY to 5,680,883t in May 2020, according to the country’s cement association, VNCA. Sales by VICEM saw a two per cent decline t...
PT Semen Indonesia to pay IDR239bn dividend
PT Semen Indonesia Tbk (SMGR) will pay a dividend of IDR239bn (US$16.9m) or 10 per cent of SMGR's net profit in 2019 which reached IDR2.39trn, down 22.3 per cent YoY. Per share...
Turkmenistan ready to expand two cement plants
The President of Turkmenistan, Gurbanguly Berdimuhamedov, has signed resolutions authorising the Ministry of Industry and Construction Production to finalise contracts for the ...
Spain’s demand for cement contracts 18% in May
Cement consumption in Spain has fallen 17.8 per cent YoY to 1.144Mt in May as construction works halted in April due to the COVID-19 pandemic, according to Oficemen, the countr...
RHI Magnesita launches new brick at Mannersdorf plant
RHI Magnesita’s new ANKRAL LC series of refractory bricks has had its first usage in a pilot project at LafargeHolcim’s Mannersdorf facility in Austria. The bricks reuse second...
Votorantim appoints Juan Aguilera as new industrial director Cementos Cosmos
Votorantim has named Juan Aguilera as the new industrial director of Cementos Cosmos. Mr Aguilera will supervise the management of the company’s four cement plants and two grin...
Pakistan reports weaker export revenues although volumes rise in 11MFY20
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for the eleven months of July 2019 to May 2020 in addition to April production data for 10MFY...
Bangladesh cement producers demand income tax withdrawal
Bangladesh’s cement manufacturers have urged the government to withdraw the advance income tax (AIT) and high customs duty levied on clinker imports in order to ensure the indu...
Dangote highlights pan-African job creation; confirms dividend at AGM
President of Dangote Group, Aliko Dangote, told the company’s 11th Annual General Meeting in Lagos on 17 June that Dangote Cement was able to sustain 54,000 jobs in four Africa...
Ethiopia's cement prices begin to stabilise
Ethiopia’s Ministry of Trade and Industry has confirmed that cement prices have been stabilising in the country, as a result of regulatory measures taken by the Ministry, accor...
Ramco Cements posts 18% profit increase in FY19-20
India’s Ramco Cements recorded a 13.2 per cent YoY decline in consolidated net profit to INR1.43bn (US$18.8m) during the 4QFY19-20, compared with INR1.65bn in the year-ago peri...
Carthage Cement begins exporting cement to Italy
Tunisia’s Carthage Cement launched its first export shipment of 4100t of EC-certified Portland cement to Italy last Friday. The dispatch is reportedly part of a larger contr...
Israel's Economy Minister seeks higher import tariff
Israel’s Minister of Economy, Amir Peretz, announced on Friday that he intended to raise the tariff on imported cement from 0.25 per cent to 17.25 per cent, according to The Ti...
European construction sector outlook
Since western Europe has been one of the regions most heavily-impacted by the COVID-19 pandemic, it is no surprise that the lockdown and general containment measures imposed...
China's cement production rises 9% YoY in May
Cement production increased to 248.69Mt in May 2020, up 11.3 per cent from April and 8.6 per cent from the corresponding period last year, according to the South China Morning ...
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