Cementos Pacasmayo announces 12% revenue increase
Peru’s Cementos Pacasmayo has announced a 11.9 per cent YoY increase in revenue during the 2Q19, mainly attributed to an 11.8 per cent rise in the sales volume of cement, concr...
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CDPQ to invest additional CAD150m in Ciment McInnis
Caisse de dépôt et placement du Québec (CDPQ) will invest a further CAD150m (US$115m) to Ciment McInnis, despite evaluating a possible divestment in the cement maker over the p...
Titan completes successful share exchange tender for Euronext and Athens listings
Titan Cement Co SA has announced the successful voluntary share exchange tender offer submitted by Titan Cement International SA to the shareholders of Titan Cement SA. The te...
Sri Lanka-based Lanwa Sanstha Cement Corp orders two MVR mills
Lanwa Sanstha Cement Corp (Pvt) Ltd has awarded Gebr Pfeiffer SE the contract for two MVR cement mills for its plant in Sri Lanka. The two grinding facilities consist of an M...
Government extends deadline for Cimerwa stake
The Government of Rwanda has moved the deadline to sell its stake in Cimerwa from 5 to 19 July, with the extension providing a chance for more individual investors and companie...
Pakistan attracts lesser FDI in FY19
Pakistan received a net foreign direct investment (FDI) of US$1.737bn in last financial year, FY18-19 compared to US$3.471bn in July-June 2017-18. This translates a fall of 50 ...
WCA appoints vice president
The World Cement Association (WCA) has appointed Mohammed A Al-Garni as its vice president. Mr Al-Garni is the CEO of Saudi Cement Co and board member of WCA. "It is a great h...
Spanish cement market expands 7% in May
Cement consumption in Spain increased 6.6 per cent YoY in May, reaching 1,333,698t, according to Oficemen. In the first five months of 2019, demand for cement advanced 13.7 per...
Oman Cement Co reports 52% fall in profit
Oman Cement Co has reported a 52 per cent YoY fall in profit after tax for its 1H19 unaudited results, decreasing to OMR2.3m (US$6m) from OMR4.8m of the year-ago period. The...
Ukraine extends ban on Russian imports
The Ukrainian Cabinet of Ministers has amended the decree on the ban of imports of Russian goods into the country, extending its operation until 31 December 2020, according to ...
Dalmia Cement to take non-hazardous waste
Dalmia Cement's Ariyalur plant has agreed for the safe disposal of non-hazardous waste from the Golden Rock Railway Workshop (GRRW) in Turuchi, India. Dalmia's cement plant t...
Ethiopian cement plants encouraged to turn to biomass
The Ethiopian government hopes that more cement plants will consider replacing their coal imports with locally-produced biomass to reduce foreign currency spending and cut carb...
Ex-works cement price stable in El Salvador, retail price sees modest slip
The price of a 42.5kg bag of cement, ex-works in El Salvador remained stable in May 2019 at $7.57 when compared with the previous month, according to the Salvadoran constructio...
Siberian Cement sees 2% rise in production for 1H19
Russia’s Siberian Cement has announced that its enterprises produced over 1.455Mt of cement in the first six months of 2019, an increase of two per cent YoY. Its subsidiaries...
Pakistan cement distributors to decide action plan
Dispatches from cement plants are still facing unrest in Pakistan. The government's new tax policy has been opposed and has led to continue the continued protests since 1 July....
Peru’s cement consumption up 4% in June
The Peruvian cement market expanded by 4.1 per cent YoY to 0.914Mt in June, according to Asocem, the country’s cement association. However, MoM demand fell by 4.8 per cent. C...
Holcim Azerbaijan reports 9% revenue increase in 2018
Holcim Azerbaijan has reported that its revenue increased 8.7 per cent YoY to AZN116.3m (US$68.57m) in 2018. After deducting transportation, administrative and sale expenses, t...
Pakistan's State Bank releases 3QFY19 cement report
The State Bank of Pakistan's third quarterly report on the state of the country's economy shows the pace of economic growth slowed down considerably during FY19. This was mainl...
CRH divests its European Distribution business for EUR1.64bn
CRH has agreed the divestment of its European Distribution business to private equity funds managed by Blackstone for an enterprise value of EUR1.64bn in cash, subject to regul...
Bestway Cement wins Annual Environmental Excellence Award 2019
Bestway Cement Ltd (BCL) has won the16th Annual Environment Excellence Awards 2019 for its vision and effective implementation of environmentally-friendly policies at all of it...
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