Loma Negra plans to refinance US$40m debt
Argentina-based Loma Negra is looking to refinance the US$40m debt that requires repaying in January 2020. The loan was taken out at under seven per cent interest. The refina...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Punjab to ease issuance of NoC for cement plant in province
Pakistan's cement industry welcomes the provincial government of Punjab's move to ease the processes of approval in setting up a cement plant in province. According to media re...
Sri Lankan cement price falls
The price of cement produced in Sri Lanka declined due to the reduction of value-added and other taxes, reports the Colombo Gazette. State Minister of Internal Trade and Cons...
Booming Bangladesh
This week, CemNet reported that MI Cement Factory in Bangladesh expects the domestic cement sector to grow by 10 per cent in 2019 and should also reach double-digit growth in...
CRH reportedly in talks to sell stake in Indian joint venture
CRH is reportedly in talks to exit its joint venture with India’s My Home Group, according to VC Circle. In 2008, CRH acquired the 50 per cent stake in My Home Industries for a...
Pakistan's Popular Group acquires Dadabhoy Cement
Popular Group of Pakistan has officially announced the purchase of a private-sector cement manufacturing facility in Sindh province of Pakistan. The announcement says, "It i...
Ban on new cement plants lifted for Punjab
The Provincial Minister for Industries & Trade, Mian Aslam Iqbal, has announced that the government for Punjab, India, has lifted a ban on the cement industry after 12 years. ...
Pakistan exports record buoyant growth in 5MFY2010
Exports from Pakistan during July-November 2019 witnessed a growth of 4.8 per cent against the same period of 2018, said Pakistan Bureau of Statistic (PBS). The data is yet to ...
Maple Leaf to elect new directors
Maple Leaf Cement Factory Ltd has announced that an Extraordinary General Meeting of the members of will be held on Tuesday, 31 December 2019 in Lahore, to elect eight director...
Top start-ups in construction ecosystem of 2019 listed
Cemex Ventures, Boston Consulting Group and Tracxn have announced their list of 50 most promising start-ups in the construction ecosystem of 2019. The alliance of the three co...
China sees strong cement demand at the end of 2019
A financial data provider has reported that average prices of cement in big Chinese cities have picked up 15 per cent since September, ending eight months of decline. The centr...
Malaga Ports new conveyor has restored clinker exports
Malaga Port has ended the year having exported in excess of 230,000t of clinker. Thanks to the partnership between Servimad Global and the Finance and Mining Company, Malaga Po...
Cement Innovation for Climate research initiative created
On 6 December 2019, Dyckerhoff (Buzzi Unicem group), HeidelbergCement AG, Schwenk Zement KG and Vicat founded the joint research corporation CI4C – Cement Innovation for Climat...
Diamond Cement Mali awards sack contract to SCS DMC
Diamond Cement Mali has awarded the contract to produce its cement bags to the new Société Malienne de Cartonnerie (SCS MDC). The contract was signed on 6 December by Prasad Mo...
Teploozersky cement plant purchases excavators
Russian cement producer Vostok Cement has bought two Hitachi ZX470 excavators for its Teploozersky plant. They will replace the current Volvo excavators with high-performance, ...
Saudi sales increase 24% YoY in November
The sales of 17 cement companies in Saudi Arabia amounted to 4.27Mt in November 2019, a 23.8 per cent YoY increase compared with 3.45Mt in the year-ago period, according to a r...
Ghacem to raise cement prices
Ghacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inf...
Puerto Rican sales slip 3% in November
Cement sales in Puerto Rico slipped 2.9 per cent to 46,236.3t (1.084m bags of 42.6kg) in November 2019 when compared with November 2018, when 47,630.6t (1.117m bags) were sold,...
Power Cement starts new production lines
Power Cement Ltd (PCL) has informed Pakistan Stock Exchange (PSX) that its new 7700tpd clinker production plant has started producing clinker from 10 December, says a notificat...
Vietnamese exports rise 3% in the 10M19
Vietnam exported 3.58Mt of cement in October at a value of US$141.62m, representing an increase of 24.9 per cent and 17 per cent YoY, respectively, according to the General Dep...
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