Indonesia's robust demand set to narrow overcapacity gap
This week the Indonesian Cement Association (ASI) announced that it has asked the country's government for a moratorium on issuing construction permits for new plants for the...
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Colombian cement dispatches up 2% in November
Domestic dispatches in Colombia edged up 1.8 per cent to 1.083Mt in November 2019 from 1.065Mt in November 2018, according to the country’s statistics office, DANE. Colombian ...
Pakistan reports mixed 6M dispatches in December
In the six months of July-December 2019, Pakistani cement plants in the northern region saw a rise in domestic dispatches, but export sales were subdued, according to All Pakis...
East African Portland Cement defaults on KCB Bank loan
East African Portland Cement Company (EAPCC) has defaulted on a KES263m (US$2.6m) loan it took from KCB Bank, prompting the lender to recall the credit facilities, reports Pric...
UltraTech Cement reduces cement price in Jammu and Kashmir
India’s UltraTech Cement has reduced the price of cement in Jammu and Kashmir following the abolition of a toll tax in Lakhanpur, according to the region’s Department of Inform...
Director of Fauji Cement resigns
Pakistan’s Fauji Cement Co Ltd has announced that Tahir Ashraf Khan has resigned from his position as director of the company, with effect from 1 January 2020. The company has...
Chilean cement demand declines 8% in October
Chile’s cement market contracted by eight per cent in October 2019 to 337,959t from 367,167t in October 2018, according to the Chilean construction chamber (CChC). However, MoM...
Oman Cement Co announces new 5000tpd plant
Oman Cement Co has issued an EPC tender for a new integrated cement plant in Duqm with a clinker capacity of 5000tpd. The plant will be operated as Alsahawa Cement Co (ASCC). ...
ASI calls for moratorium on issue of new cement plants in Indonesia
The Indonesian cement industry has called on the government for a moratorium on issuing construction permits for new cement plants for the next five years as the local market h...
HeidelbergCement Bangladesh seeks court approval for amalgamation
HeidelbergCement Bangladesh Ltd has updated Dhaka Stock Exchange last week about seeking court approval for amalgamation with Meghna Energy Ltd. The company's notification say...
Clinker exports lead in export during 5MFY19/20
Pakistan overseas export of cement and clinker saw a healthy growth of 21.5 per cent during the first five months of FY19-20 (July-November 2019) to 3.608Mt from 2.97Mt in the ...
Maple Leaf Cement elects eight directors unopposed
Maple Leaf Cement Factory Ltd (MLCF) has informed Pakistan Stock Exchange (PSX) that its Board of Directors meeting held on 31 December 2019 and eight persons were elected u...
Cement prices are fluctuating in Pakistan
According to a local research house, cement prices in north of Pakistan have declined from the recent peak of PKR550/bag (US$3.55/bag) (October 2019) and now they have fallen b...
Vietnam exports 34Mt of cement and clinker in 2019
Vietnam is estimated to have exported 34Mt of cement and clinker, worth US$1.39bn, in 2019, reflecting a 6.25 per cent YoY increase in volume and 11.2 per cent YoY rise in valu...
Fitch downgrades InterCement due to weak Argentine outlook
Fitch Ratings had downgraded InterCement Participacoes SA's Long-Term Foreign and Local Currency Issuer Default Ratings to 'B-' from 'B'. The rating outlook is stable. The dow...
Tourah Cement sells off kilns and mills for EGP31m
Tourah Portland Cement Company announced the sale of decommissioned kilns and grinding mills at a public auction held on 16 December. The items, which had ceased operation in 2...
Ash Grove Cement seeks license for shale-clay quarry in Montana
The Montana Department of Environmental Quality (DEQ) is accepting public comment on a draft environmental assessment for a shale-clay exploration project proposed by Ash Grove...
Thatta Cement appoints new CFO
Thatta Cement Co Ltd (THCCL) informed the Pakistan Stock Exchange (PSX) on 1 January that Mr Fuad Zakaria Bhuri has been appointed to the position of Chief Financial Officer (C...
Dangote Cement Plc plans share buy-back
Dangote Cement Plc is seeking shareholder approval to commence a share buy-back in an attempt to improve return on equity and shareholder value. In a notification to the Niger...
India's demand recovery delayed to second half of FY21
Growth of Indian cement demand fell short of expectations in Fiscal Year (FY) 2019-20 and no major recovery is expected until after the 2020 monsoon, according to analysts quot...
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