Nuvoco on a solid growth path
A week ago, Emami Cement Ltd agreed the takeover by Nuvoco Vistas Corp (Nirma group) for its cement operations in India. The US$770.56m acquisition means that the Nirma group...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Vicat reports 6% increase in consolidated sales for 2019
Vicat has reported a 6.1 per cent increase in consolidated sales to EUR2.74bn for 2019, rising from EUR2.58bn in the previous year. EBITDA showed a similar 6.9 per cent YoY gro...
Mitsubishi Materials and Ube Industries Ltd consider cement merger
Japan’s Mitsubishi Materials Corp has signed letter of intent regarding the merger of its cement business with Ube Industries Ltd. The company’s will now begin discussions rega...
OYAK to invest in Cabo Verde
The Cape Verdean government reported that Turkish cement producer, OYAK is investing in Cabo Verde for the extraction of pozzolan, volcanic rocks used in the cement industry. ...
Cement price hike claims investigated in Malaysia
Following claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its...
DG Khan Cement profit falls 51% in the 1HFY19-20
DG Khan Cement Co (DGKC) has announced its financial results for the half-year period ended 31 December 2019, reporting a 43 per cent fall in profit to PKR946m (US$6.1m). The m...
AbaCore Capital signs joint venture agreement for cement project
Philippines-based AbaCore Capital Holdings Inc has received approval for a joint venture agreement with Honghui Pioneer S-Cement International Inc, which will facilitate the de...
PIBTL earns profit in 1HFY19-20
Pakistan International Bulk Terminal Ltd (PIBTL) has announced its financial results for the half-year period ended 31 December 2019, declaring earning of net profit of PKR864m...
HeidelbergCement sees revenue rise 4% in 2019 preliminary results
HeidelbergCement has announced a 4.3 per cent YoY increase in group revenue to EUR18.851bn in its preliminary results for 2019. On a like-for-like (LfL) basis, the rise moderat...
Cemex records flat net sales of US$3.3bn in 4Q19
Cemex announced that its 4Q19 net sales remained flat at US$3.3bn and fell for the full year by one per cent to US$13.1bn. Operating EBITDA, on a like-for-like basis, fell by 1...
Cementos Pacasmayo sees 8% uptick in 4Q sales
Peru-based Cementos Pacasmayo reported a 7.7 per cent rise in sales volumes of cement, concrete and precast in the 4Q19 due to higher sales to the public sector, El Niño recons...
Cemex Colombia extends O&M contract with Wärtsilä
Cemex Colombia has awarded Wärtsilä the four-year extension to the operation and maintenance (O&M), marking a 25-year continuous partnership by 2023. The 26MW Caracolito Ceme...
Russian cement production up by 7% in 2019
Russia’s cement producers increased their output by 7.4 per cent to 57.7Mt in 2019, according to Esmerk Russian News. Eurocement group was the country’s top producer with 2.1...
Gulf Cement narrows loss
UAE-based Gulf Cement reported a fall in revenues to AED443.6m (US$120.8m) in 2019, down from AED475.7m in 2018. This represents a YoY drop of 6.7 per cent. The company’s loss ...
India’s Saurashtra Cement posts Oct-Dec 19 net profit
Saurashtra Cement has reported a net revenue from operations of INR1.52bn (US$21.3m) in October-December 2019 from INR1.58bn in the year-ago period. The company achieved a ne...
Ukraine’s cement output slips in 2019
The production of cement in Ukraine decreased by 0.5 per cent in 2019 when compared to 2018 and by 4.9 per cent when compared with 2017. Cement production reached 8.89Mt in 201...
Yamama Cement reports full-year profit
Saudi Arabia-based Yamama Cement Co has posted full-year 2019 sales of SAR801.9m, representing a 53.9 per cent increase when compared with SAR521.2m in 2018. The company’s ne...
Eagle Materials announces new chairman and CEO for independent companies
The Eagle Materials Inc Board of Directors approved a plan in 2019 to separate its Heavy and Light Materials businesses into independent, publicly-traded companies by means of ...
HeidelbergCement expects debottlenecking grinding capacity by end March
HeidelbergCement expects to complete its debottlenecking of cement grinding capacity in Imlai (Madhya Pradesh) and Jhansi (Uttar Pradesh) to be completed by 31 March 2020. Th...
FLSmidth sees order intake decline 10%
FLSmidth’s order intake declined 10 per cent YoY to DKK19.554bn (US$2.86bn) in 2019, on the back of a decrease in large capital orders due to market uncertainty and a delay in ...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
