GCC looking for additional US assets
Grupo Cementos de Chihuahua (GCC) is exploring options for mergers and acquisitions in different markets, particularly the USA, according to CE Noticias Financieras. "In term...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Bafuloto plant to open in 2020
Construction work has started on Jah Multi Industrial Company Ltd's cement plant in Bafuloto, in the West Coast region of Gambia. Sheriff Faye, operational manager of Jah Mu...
Caribbean Cement records JMD2.5bn profit
Jamaica's Caribbean Cement Co set a record profit of JMD2.47bn (US$18.89m) in its last financial year. Sales by the cement producer rose six per cent to JMD17.5bn, while its ne...
Cruz Azul commences construction of new Hidalgo line
Mexico's Cruz Azul has begun construction of its No 10 production line at the Hidalgo cement plant. thyssenkrupp Industrial Solutions, Fives and Loesche GmbH are the suppliers ...
Gharibwal Cement profit shrinks by 21% in 1HFY19
Gharibwal Cement Ltd (GCL) declared a net profit of PKR593m (US$4.28m) for the half year ended 31 December 2018, down by 21.2 per cent YoY, as compared to PKR752m earned in the...
GCCA replies to Guardians' 'Concrete Week' launch article
The Global Cement and Concrete Association (GCCA) set out a formal reply to the Guardian newspaper's article which was posted on Monday 26 February 2019, stating that cement an...
Launch of UK’s largest provider of industrial heat exchanger solutions
The UK's largest provider of design, manufacture and support services for heat exchanger and boiler equipment for the cement industry has been created through a new partnership...
Chip Mong Insee Cement Corp opens 9.8MW solar power plant
Cleantech Solar has completed building an on-site solar PV system for Chip Mong Insee Cement Corp (CMIC) in Cambodia. The whole system includes a 2.8MW floating solar power pla...
Dewan Cement profit contracts by 40.29% in 1HFY19
Dewan Cement Ltd (DCL) has announced its financial results for the half year ended 31 December 2018. It declared net profits of PKR328m (US$2.74m), representing a decrease of 4...
South Africa's construction sector unlikely to recover before 2021
Following Finance Minister Tito Mboweni's first budget, economist Dr Azar Jammine has raised hopes for a "major recovery" in the South African economy, but he warned it was unl...
Umm Al-Qura Cement sees 15% drop in 2018 revenues
Umm Al-Qura Cement Co reported a fall in sales of -14.9 per cent to SAR164.4m (US$43.8m) in 2018 when compared to sales of SAR193.2m in 2017. Total profit decreased by 32.3 p...
Construction industry booming in Bangladesh
The demand for cement, steel, bricks and other construction materials recorded a good growth in Bangladesh during 2018 and looks to perform even better this year implementation...
Bolivia’s Lower House approves Ecebol land
The Lower House of the Bolivian Parliament has approved a bill to provide 39.8ha of land to state-run Ecebol for a future cement plant in Potosi. The site is located in Chiut...
Pakistan attracts less FDI in cement and construction during 7MFY19
Foreign direct investment (FDI) into Pakistan during July 2018-January 2019 declined by over 17 per cent compared to same period last year, according to data released by the St...
Raysut Cement of Oman to acquire Sohar Cement
Raysut Cement Co SAOG has informed Muscat Securities Market (MSM) that it has signed a letter of intent (LoI) with the shareholders of Sohar Cement Factory LLC of Oman, with re...
Bestway Cement earns higher profit in 1HFY19
Bestway Cement Ltd (BCL) has announced its financial results for the half year ended 31 December 2018. BCL declared earnings of net profit of PKR6.88bn (US$49.7), increased by ...
Vietnam expected to record 8-9% cement sales increase
Vietnam is expected to record an 8-9 per cent YoY rise in cement sales to 98-99Mt in 2019, according to a forecast by the country’s Ministry of Construction. Of this, domestic ...
New cement plant for Aktobe, Kazakhstan
A new 1.8Mta cement plant will be built in Kazakhstan’s Aktobe region, according to the head of SEC Aktobe, Anuar Makhanov. Representing an investment of KZT101bn (US$268.8m), ...
Bangladesh reports fall in cement export for 7MFY19
Bangladesh's cement industry recorded a fall of 15.27 per cent in export revenue to US$6.55m during the first seven months of FY18-19 (July-January, 2019) compared to US$7.73m,...
Fecto Cement profit shrinks by 53.75 per cent in 1HFY19
Fecto Cement Ltd (FCL) has announced its financial results for the half year ended 31 December 2018 today. It declared earning of net profit of PKR105m (US$0.75m) decreased by ...
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