Vicem falls short of corporate valuation
The pre-equitisation valuation of the Vietnam Cement Industry Corporation (Vicem) carried out by an independent auditor fell short by nearly VND1.17trn (US$50.3m), according to...
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Lucky Cement solicits modification in power supply licence
The Government of Pakistan's National Electric Power Regulatory Authority (NEPRA) has received an application from Lucky Cement (Pvt) Ltd, seeking permission to supply surplus ...
Loma Negra to turn San Juan plant into grinding and dispatch unit
Argentina's Loma Negra has announced that it will be converting its 400tpd integrated plant in San Juan into a grinding and cement dispatch facility. "In the plant no more ce...
SINTEF to work with C-Capture on carbon capture research
C-Capture and SINTEF are set to team up in a new effort to find solutions to carbon capture. C-Capture wants to further develop its technology which uses new proprietary solven...
Luks Group (Vietnam Holdings) records 10% fall in turnover
Luks Group (Vietnam Holdings) Co Ltd has reported a 9.7 per cent YoY decrease in turnover to HKD330.6m (US$42.17m) for the six-month period ending 30 June 2019, compared with H...
LafargeHolcim Côte d’Ivoire opens new cement depot
LafargeHolcim Côte d’Ivoire has opened a new cement warehouse in Bouaké, in the north-central region, with traders now able to buy quantities larger than or equal to 10t withou...
Cimenterie du Cameroon launch Sublim white cement
Cimenterie du Cameroon (LafargeHolcim) has launched its new Sublim brand of white cement, the first white cement product to be released in the country. The cement is produced a...
Bengal Cement's parent company receives export trophies
Bangladesh's leading exporters have received National Export Trophies for the year 2016-17 in a event held in Dhaka on 1 September 2019. The country's Prime Minister, Shaikh Ha...
PPC Zimbabwe's cement sales volumes fall by 25%
PPC Cement's Zimbabwean cement sales volume contracted by 25-30 per cent in the four months ended 30 June 2019. The country has been hit by fuel and electricity shortages and o...
Beni Suef Cement reports modest revenue increase in 2Q19
Egypt's Misr Beni Suef Cement saw a one per cent YoY increase in revenue to EGP454m (US$27.4m) in the 2Q19, supported by increased sales despite the Ramadan and Eid holidays. H...
Raysut Cement to install 1Mta grinding unit in Oman
The board of Oman’s Raysut Cement Co has approved a plan to install a new grinding unit in Duqm, in the central-eastern part of the country. The 1Mta project is expected to ...
Philippines announces new duty on imported cement
The Philippines’ Department of Trade and Industry (DTI) will impose a general safeguard duty on imported cement for a three-year period to protect domestic product. The measure...
Cemex Holdings Philippines receives approval for rights issue
Cemex Holdings Philippines has received board approval for a share sale to existing investors, with a final issue size up to the value of US$250m. The increase in authorised ...
Confidence Cement acquires Zodiac Power Chittagong Ltd
Bangladesh's Confidence Cement has acquired a 51 per cent controlling share in Zodiac Power Chittagong Ltd. The new subsidiary is an independent power producer with a 54.36MW h...
Najran Cement has reappointed its chairman
Saudi Arabia's Najran Cement Co has reappointed Mohammed bin Manaa Aballala (non-executive member) as its chairman. Salah bin Yassin Allaf (independent member) was named as de...
Indian cement demand growth forecast to slow in FY20
Growth in Indian cement demand is expected to slow to seven per cent in the FY19-20, against 13 per cent demand growth in the FY18-19, according to ICRA. However, average price...
Cement prices in Punjab rise after trade suspension
After the suspension of trade between India and Pakistan on 10 August, the price of cement in Punjab has increased by almost INR100/bag (US$1.38/bag), according to the Hindusta...
Caribbean Cement Co exports clinker to Haiti for the first time
Jamaica’s Caribbean Cement Co has exported clinker to Haiti for the first time, according to the Jamaica Observer. The 7500t shipment became possible due to excess production a...
Akhangarancement records 29% production increase in 7M19
Uzbekistan’s Akhangarancement has recorded a 29 per cent YoY increase in production for the first seven months of 2019, reaching 1.1Mt of cement. The company also shipped 34 p...
Breedon appoints Clive Watson to its board
UK-based Breedon Group has announced the appointment of Clive Watson to its board as an independent non-executive director of the company. Mr Watson was previously the group ...
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