Eagle Cement acquires Cemex's shares in Kosmos Cement
Kosmos Cement Co in Kentucky, USA, a joint venture between Cemex and Buzzi Unicem, has signed an agreement for the sale of certain assets to Eagle Materials. The US$665m transa...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CMSB 3Q profit drops 7%
Cahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s reve...
Tudela Veguin opens new El Musel terminal
Cementos Tudela Veguin has inaugurated its new terminal at El Musel, Gijón, Spain. The new terminal will enable the company to receive and store cement in a 4500m 2 warehouse....
Belarus redirects exports from Ukraine to EU
Belarusian cement exporters plan to switch their export volumes from Ukraine to the EU market, according to the country’s Architecture and Construction Minister, Dmitry Mikulen...
LafargeHolcim plans EUR10m investment in Kujawy
LafargeHolcim will be investing EUR10m in its Kujawy cement plant in Poland. The company will be launched a new product on the market as well as increase the use of alternative...
Confidence Power Bogra starts commercial production
The Confidence Power Bogra Ltd has informed Dhaka Stock Exchange two days ago that the Board of Directors has agreed with the decision taken in the Board of Directors of Confid...
Metrocem appoint new Chief Marketing Officer
Khandker Ataur Rahman Rifat has joined as group chief marketing officer (CMO) of Metrocem of Bangladesh. According to company updates, he has 25 years of experience in the ceme...
CRH forecasts record 2019 earnings
Ireland-based building materials major CRH predicts that its full-year earnings will expand by 23 per cent to reach a record EUR4.15bn. The trading outlook follows the compan...
Iran to invest US$35m in new Iraqi plant
Khuzestan province is to invest US$35m in the construction of a cement plant in Al-Emareh, Iraq, announced the province’s Deputy Governor General for Coordinating Economic Affa...
Pakistan's cement production falls in 1QFY19-20
The Pakistan Federal Bureau of Statistics (PBS) has released the latest data for large-scale manufacturing industries (LSMI) for the period July-September 2019. It posts a nega...
Al Jouf Cement extends export contract to Jordan
Al Jouf Cement has extended its contract with Saudi Industrial Export (SIECO) to export 72,000t of cement to Jordan over the next year. The new extension begins on 27 November...
PIBT shows consistent performance in 1QFY19-20
Pakistan International Bulk Terminal Ltd (PIBT) has handled 2.191Mt cargo, for the quarter ended 30 September 2019, against 2.14Mt in the same period last year, depicting consi...
Sri Lanka's cement market sees import and production growth
Sri Lanka's cement production grew by 26.6 per cent to 2.31Mt in the last seven months, reports economynext. Cement demand has been supported by infrastructure projects such...
Pakistan and Iran explore cooperation on cement trade
A trade delegation from the government of Iran, headed by Ali Mohtasham Amiri, managing director of Milad-e-Noor, has visited Pakistan to explore opportunities for mutual coope...
US cement demand stable in August
Total shipments of cement and blended cement, including imports, in the USA and Puerto Rico were up slightly to 10.3Mt in August 2019 when compared with August 2018. The leadin...
Carthage Cement reports TND76m net loss
Tunisian cement producer Carthage Cement Co announced a loss of TND76m (US$26.7m) for the year ended 31 December 2018, compared to a loss of TND69m in the previous year. The ...
DRC utilisation rate remains low
The Central Bank of Congo put cement production in the Democratic Republic of Congo (DRC) at 1.842Mt in 2018. Around 1.825Mt were delivered to the domestic market. Production i...
Oman Cement appoints new CFO
Oman Cement Co has appointed Fatick Hussain Al Balushi as the company’s CFO. Mr Al Balushi has more than 15 years of experience in the oil, gas and petrochemical industries a...
Egypt's overcapacity continues to hamper cement sector
This week, the cement industry is preparing for the 24th AICCE Cement Conference and Exhibition in Cairo, Egypt, which is to be held between 24-26 November 2019. The country ha...
Dangote Cameroon sees 6% sales drop in 9M19
In the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent. "Our 1.5Mta clinker mill in Douala sold abou...
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