Premiere-Slag International to receive investment for plant project
Philippine-based AbaCore Capital Holdings Inc has announced a plan to invest up to PHP102m (US$1.9m) in Premiere-Slag International Inc to build and operate a cement plant. In...
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LafargeHolcim Bangladesh meets top brass of State of Meghalaya
LafargeHolcim Bangladesh held talks over the continued cross-border transfer of limestone between the state of Meghalaya in India and Chhatak in Banglaesh. The meeting was a...
RAK Cement cancels cement plant acquisition plans
UAE-based Ras Al Khaimah Cement has reportedly cancelled a deal to acquire a cement plant and quarry as financing could not be arranged, according to Reuters. While the name ...
New 120,000tpa cement plant for El Salvador
Guatemala’s Monterrey group has laid the first stone for a new 120,000tpa cement plant on the Acajutla-Sonsonate road in Acajutla, El Salvador. Construction will be carried out...
Brazil's cement market expands 3% in August
Apparent cement consumption in Brazil edged up 2.9 per cent YoY to 5.1Mt in August 2019, according to the country’s cement association, SNIC. Domestic cement sales increased ...
Indian cement companies amongst bidders for coal blocks
India’s UltraTech Cement, ACC Cement and Reliance Cement are amongst the prospective bidders for the auction of 27 coal blocks. To attract investors, the government has allo...
Colombian cement market expands 12% in July
Colombia’s cement consumption increased 12.4 per cent YoY in July 2019 to 1.113Mt, reports the country’s statistics office, DANE. Domestic cement production increased 9.5 per c...
Pakistan cement industry's future outlook
The margins of the Pakistani cement industry remain under pressure in FY19 and this trend is likely to continue in FY20 on the back of poor demand, higher coal prices and inter...
Hsing Ta Cement records 22% revenue increase for August
Taiwan’s Hsing Ta Cement has seen a 21.6 per cent YoY increase in revenue to TWD727.86m (US$23.3m) for August 2019, compared with TWD598.65m in the year-ago period. In the f...
UltraTech MD to step down in December
Krishna Kishore Maheshwari will be appointed as UltraTech's first non-executive vice chairman as he retires from his managing director role on 31 December this year. Kailash Ch...
Emirates Cement to be sold to HeidelbergCement Bangladesh Ltd
UltraTech Cement Ltd (Aditya Birla group) is in the final stages of selling its stake in Emirates Cement Bangladesh to HeidelbergCement Bangladesh Ltd. Emirates Cement operate...
Turkmenistan's Lebap plant begins testing new cement products
Turkmenistan’s Lebap cement has begun test production of M-400 D-20 and M-500 D-20 cement, which includes ground basalt powder as a locally-sourced additive. Currently the mo...
San Miguel's acquisition of Holcim Philippines undergoes further review
The Philippine Competition Commission (PCC) is conducting a further review of the US$2.15bn acquisition of Holcim Philippines by San Miguel Corp. As the initial 30-day review o...
Udayapur Cement sees reduced production due to power supply issue
Nepal’s Udayapur Cement Industry Ltd has seen reduced production and sales between August-September as a result of low voltage and abrupt power cuts, according to the company. ...
CRH CEO sells shares in company
CRH Chief Executive Officer, Albert Manifold, has sold 102,621 shares at EUR29 each just below the 52-week high of EUR31, totalling EUR2.98m, reports the Financial Times. CRH ...
Uzbekistan's fast-changing cement market
This week CemNet reported that Eurocement's new 3Mta line at its Akhangarancement plant in Uzbekistan was nearing the last phase of construction, as Beijing Triumph Internation...
Argentina records 6% fall in dispatches for August
Argentina has recorded a 5.8 per cent YoY decrease in cement dispatches to 1.052Mt for August 2019, compared with 1.117Mt in the year-ago period. Domestic dispatches fell to 1....
HeidelbergCement signs agreement with Equinor for CCS project
HeidelbergCement and Norway’s Group Equinor have signed a memorandum of understanding regarding the capture and storage of CO 2 (CCS). The Norwegian government’s "Northern Li...
Sagar Cements sees improvement in consolidated production in August
India’s Sagar Cements has reported a 11.7 per cent YoY fall in its standalone production figures for August 2019, which declined to 182,891t from 207,008t. However, consolidate...
APO Cement agrees to change truck delivery times
Cemex Philippines' APO Cement plant has agreed to stop the movement of its delivery trucks during peak hours of the day to help address the traffic problem in Naga City, accord...
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