Pooling of resources between Fauji Cement and Askari Cement
Fauji Cement Company Ltd has informed Pakistan Stock Exchange (PSX) that its 11th Extraordinary General Meeting (EGM) was held on 10 January 2020 and two important resolutions ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Steppe Cement posts 8% revenue rise in 2019
Kazakhstan-based Steppe Cement has posted revenues of KZT30.534bn (US$81m) for the year ended 31 December 2019. This represents a rise of eight per cent when compared with 2018...
Punjab easing NOC issue for new cement plants
The government of Punjab, Pakistan, is encouraging further investment as timely issuance of no objection certificates (NOCs) and other facilities are being extended to cement i...
FLSmidth appoints new Mining Industry President
Mikko Keto will join FLSmidth as President, Mining Industry and member of Group Executive Management. The appointment comes following Manfred Schaffer’s decision to retire in 2...
Breedon - growing into a giant
This week Breedon Group Plc announced it is on track to acquire a large part of Cemex UK's operations for GBP178m (US$232.5m), continuing the company's rapid transformation int...
Brazilian cement sales reach 54.5Mt in 2019
Domestic cement sales in Brazil advanced 1.6 per cent YoY to 4Mt in December 2019, according to the country’s National Cement Industry Union (SNIC). In terms of sales per busin...
BUA Cement formally lists on Nigerian Stock Exchange
Nigeria’s BUA Cement has been formally listed on the country’s stock exchange with a market capitalisation of over NGN1.2trn (US$3.32bn). The listing brings a conclusion to the...
Universal Cement Corp records 5% revenue increase for 2019
Taiwan’s Universal Cement Corp has seen its full-year 2019 revenue increase 4.7 per cent YoY to TWD5bn (US$166.91m), compared with TWD4.78bn in 2018. The result comes despite ...
Hsing Ta Cement sees 17% revenue increase in 2019
Taiwan’s Hsing Ta Cement has seen its full-year revenue surge 16.7 per cent YoY in 2019, increasing to TWD7.82bn (US$260.8m) from TWD6.7bn in the year-ago period. However, i...
China's 2020 demand growth forecast increases
Nomura has increased its 2020 demand growth forecast for China from three per cent to five per cent following expectations that Beijing will continue to support its property an...
ASEC signs 3-year O&M contract extension with Sinai White Cement
ASEC, the leading O&M operator in the MEA region, announced the renewal of its Technical Management contract with Sinai White Cement Co until December 2022. The two-line cement...
Pakistan's cement production remains flat in 4MFY19-20
The Pakistan Federal Bureau of Statistics (PBS) has released the latest data for large-scale manufacturing industries (LSMI) for the period July-October 2019. It posts a negati...
Serge Gbotta new CEO LafargeHolcim Côte d’Ivoire
LafargeHolcim Côte d’Ivoire has appointed Serge Gbotta as its new CEO, effective from 1 January 2020. He succeeds Xaivier Saint-Martin-Tillet, who will head up the west Africa...
Pakistan's revenue collection autority to track tax evasion in cement industry
Pakistan's tax collection authority, Federal Board of Revenue (FBR), has decided to track and monitor the clearances of duties/taxes paid items from around 100 units of cement,...
Saudi Arabia records 22% production increase in December
Saudi Arabian cement sales rose 24.2 per cent YoY in terms of volume in December 2019, while total production increased 21.7 per cent to 4.7Mt from 3.86Mt, according to Mubashe...
Cimtogo signs US$30m contract with Ayoki
Togo-based cement producer Cimtogo has signed a US$30m contract with Ayoki to extend its cement capacity by 1Mta to 2Mta, reports ActuDaily. The project is expected to generate...
Pakistan coal imports fall 1QFY19-20
Pakistan's import of coal for power generation and cement industry has decreased during the period of July-September 2019-20 due to reduced demand in these industries, accordin...
Pakistan's government allocates PK5trn for PSDP programme
Pakistan's cement industry has received a positive news from government, which may accelerate demands for cement in local markets. On the directives of Prime Minister Imran Kha...
Sesco Cement reportedly faces lawsuit
Texas-based Sesco Cement is reportedly facing a lawsuit filed by Harris County Attorney, Vince Ryan, for violating the Texas Clean Air Act, Texas Solid Waste Disposal Act and t...
Transporters strike may impact cement industry
The local and export dispatches of cement industry in Pakistan are likely to face challenges due to ongoing protest of United Goods Transporters Alliance in Pakistan, which has...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
