Cemex reportedly looks to sell stake in Louisville plant
Cemex is reportedly looking for a buyer for its controlling interest in the Kosmos cement plant in Louisville, Kentucky, USA. The company is working with Bank of America Corp a...
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Peru's cement demand expected to surpass 12Mt in 2020
Peruvian cement demand is forecast to reach 12Mt in 2020, according to Scotiabank. This follows an expected market expansion of five per cent this year on the back of higher pr...
Turkmenistan president calls for three more cement plants
Turkmenistan’s President Gurbanguly Berdimuhamedov has instructed the Türkmensenagat State Agency that three new cement plants must be built in the country through foreign inve...
Titan buys back IFC minority stake in SE Europe/Egypt units
Greece-based Titan said that its board of directors has approved the acquisition of the minority stakes held by the International Finance Corp in its units in Egypt and four co...
Trinidad Cement reprimanded over dismissal of 16 workers
Trinidad Cement Ltd (TCL) had been reprimanded by the Industrial Court for dismissing 16 workers without giving them prior notice. The President of the Industrial Court, Deb...
Spain's cement demand edged up 3% in October
Cement consumption in Spain increased by three per cent to 1.3Mt in October when compared with October 2018. The rise has been attributed to an increase in housing construction...
Ohorongo Cement sees value in charcoal fines
Ohorongo Cement in Namibia has partnered with Carbo Namibia, a Namibian manufacturer and exporter of charcoal products, in an attempt to increase its energy saving initiatives ...
PPC's group revenue impacted by Zimbabwe
PPC announced a group revenue of ZAR4.9bn (US$330.1m) and group EBITDA of ZAR868m for the six months ended 30 September 2019. Group revenue was down 12 per cent on results from...
Huaxin Cement Narayani resumes construction work after floods
The construction of Huaxin Cement Narayani’s plant at Dhading district, Nepal, has now resumed after a five-month stoppage due to floods. Incessant rains had damaged the constr...
Pakistan earns mixed revenue in 4MFY20
Pakistan's cement industry earned foreign exchange revenue of US$94.41m by exporting 2.368Mt of cement and clinker between July and October 2019, compared to US$104.34m from ex...
Birla Corp acquires stake in AMP Solar Clean Power
Birla Corp and RCCPL, its wholly-owned subsidiary, have acquired 26 per cent ownership (7.8 per cent and 18.2 per cent, respectively) of AMP Solar Clean Power. Birla Corp is...
CMA receives award for reducing single-use plastic campaign
The Cement Manufacturers Association (CMA) atteneded at an event organised by the Department of Drinking Water and Sanitation, Government of India, on 19 November 2019, in New ...
Breedon Group revenues up to GBP800m in 10M19
Breedon Group Plc has released results for the first 10 months to 31 October 2019 with revenues up by eight per cent to approximately GBP800m. The results included a 10-month ...
Paraguay lifts cement import restrictions
Paraguay’s Ministry of Industry and Commerce (MIC) said it is lifting restrictions on cement imports following the shortage of the product due to production issues. The Parag...
Cemex subsidiary to enter Chinese market
Cemex's venture capital unit has announced that it will be entering the Chinese market through a partnership with Glodon, a local provider of digital platform services for the ...
Cemento Progreso acquires Cemento Interoceánico
Guatemala-based Cemento Progreso has bought a 100 per cent stake in Panamanian cement producer Cemento Interoceánico, according to Panamá América. In an internal communicatio...
UltraTech facility begins receiving dry waste for RDF use
India’s UltraTech Cement has begun receiving dry waste at its unit in Jaggayyapet, Andhra Pradesh, sent from Vijayawada Municipal Corp’s (VMC) recycling facility in Ajit Singh ...
Indonesian cement market expands 2% in October
Indonesia saw cement demand advance by 1.9 per cent YoY to 7,326,461t in October 2019 from 7,187,897t in October 2018, as reported by Semen Indonesia. Market expansion was la...
HeidelbergCement outlines plans to raise Indian capacity
HeidelbergCement is expecting to take both organic and inorganic routes to increase capacity to 20Mta from 12Mta in India, according to The Hindu. "We are looking for cement c...
Shree Cement reportedly raising over INR20bn through QIP offering
India’s Shree Cement Ltd is reportedly in an advanced stage of raising more than INR20bn (US$278.36m) through a qualified institutional placement (QIP) offering, according to t...
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