Cement import into USA draws US$506,250 OFAC penalty
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has reached a US$506,250 settlement with ZAG International, based in Newtown (CT), for illegally sourcing c...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Ssangyong Cement to look for new owners?
This week the potential for further consolidation in South Korea's cement market was heightened when Asia Today reported that Hahn & Co Cement Holdings could be looking to sell...
HeidelbergCement reduces its stake in Ciments du Maroc
As part of its action plan to optimise its portfolio and improve cash generation, HeidelbergCement is its reducing stake in Ciments du Maroc. HeidelbergCement announces the sa...
Armenia to increase cement import levy
Armenia’s government is taking measures to protect domestic cement producers from competition by cement producers in neighbouring countries. The state policy of subsidising t...
Fujairah Natural Resources Corp begins construction of new plant
The UAE’s Fujairah Natural Resources Corp has launched an AED550m (US$149.74m) three-stage project in Habbab, Fujairah. The new facility will produce clinker, with production c...
Holcim Philippines completes La Union expansion
Holcim Philippines has reported the completion the expansion project at its plant in La Union, Luzon, increasing capacity to 1.8Mta from 1Mta previously. The company completed ...
JK Cement announces two grinding projects
India's JK Cement is expected to invest around INR4.5bn (US$63.24m) to set up two cement grinding units. Approximately INR2.5bn will be spent on a 0.7Mta unit in Balasinor, G...
Cementos Argos' revenues slip in 2018
Cementos Argos has posted its full-year 2018 results and reported that cement and ready-mix volumes fell in 4Q18 by three and seven per cent, respectively. The company pointed ...
Caribbean Cement earns revenues of US$131m in 2018
Caribbean Cement reported an improved financial performance in 2018 compared to 2017. Revenue earned for 2018 was JMD17.6bn (US$130.8m), representing an increase of six per cen...
Sungshin Cement reports 33% rise in net profit in 2018
South Korea-based Sungshin Cement Co reported its preliminary and unaudited results for 2018. The company saw a 6.3 per cent increase in revenues to KRW688.12bn (US$611.4m) in ...
Kazakhstan’s Alacem to launch KZT49bn cement plant
Kazakhstan-based Alacem plans to launch a cement plant in the Kerbulak rural district of the Almaty reigon in 2019, according to the regional administration’s press office. ...
Georgian Cement Association: 15 of 29 cements tested meet EU standards
A total of 15 out of 29 cement types in Georgia checked for quality meet the European EN197-1 standard, according to the Georgian Cement Association. The remainder use cheap an...
Saudi megaprojects unable to halt cement demand decline in 2019
Saudi Arabia’s high-profile large-scale project will be unlikely to halt a fall in cement demand in 2019, according to Al Rajhi Capital. The third-quarter of 2018 saw sales v...
New burner ordered by Trinidad Cement
Unitherm-Cemcon has been awarded the contract for a rotary kiln burner for Kiln No 3. The burner for the 1230tpd wet-process plant will be designed for natural gas and liquid a...
Kohat Cement earns net profit of PKR1.526bn in 1HFY19
Kohat Cement Co Ltd (KCCL) has announced its financial results for the half year ended 31 December 2018, declaring a net profit for the period of PKR1.526bn (US$10.9m), a fall...
Cemex sells Broceni plant and Nordic assets to Schwenk Zement
Cemex has announced that it has signed an agreement for the sale of assets in the Baltics and Nordics to Schwenk Zement for approximately EUR340m. The Baltic assets being div...
Vicat's net underlying 2018 profits 12% ahead
Vicat's turnover edged ahead by 0.7 per cent in 2018 to EUR2582m and EBITDA eased by 2.2 per cent to EUR435m, while at unchanged exchange rates and other parameters the changes...
Peru’s cement market expands 10% in January
Cement demand in Peru increased to 1.022Mt in January 2019, according to the latest figures by the country’s cement association, Asocem. This represents a YoY rise of 9.8 per c...
India raises cement import duties to stop Pakistan shipments
Pakistani exports of cement to India have been suspended, due to growing tension between Islamabad and Delhi over a recent terrorist attack in Pulwama, in Jammu and Kashmir, In...
Gulf Cement Co sees fall in profit in 2018
UAE-based Gulf Cement Co reported revenues of AED475.707m (US$129.5m) in 2018, according to the company’s preliminary results. This represents an 18.4 per cent drop from AED583...
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