Cemex Day 2018
Cemex CEO, Fernando Gonzalez, opened the Cemex Day 2018 on 15 March, claiming that over the last four years they had built a stronger company, including achieving a US$6bn deb...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
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Cemex not to pursue capital increase
Cemex announced it will not pursue its earlier-announced planned capital increase following consultation with its shareholders. “As we discussed on Cemex Day, our managemen...
Sephaku Cement posts 16% fall in profits in 2017
Dangote-owned Sephaku Cement has posted a 16 per cent drop in its full-year profit, despite revenue increasing by 3.7 per cent to ZAR2.37bn (US$201.1m) in 2017. The South Afr...
Third line finance for Ciments du Sahel
The West African Development Bank has approved a XOF25bn loan to help fund a third production line at Ciments du Sahel’s plant in Kirène, near Rufisque, Senegal. The new int...
Anjani Portland Cement plans to expand capacity
India’s Anjani Portland Cement has approved plans to construct an additional clinker production unit at its plant in Suryapet, Telangana. The project will see an investment of ...
China Tianrui records revenue increase for 2017
China Tianrui Group Cement has announced that its profit attributable to owners rose 238.6 per cent YoY for the full-year 2017 period, increasing to CNY1bn (US$158.47m) from CN...
Gambian cement shortage leads to vendor price hikes
Gambian cement producers, have denied being responsible for the recent price hikes in cement prices. Both Gacem and Salam Cement expressed their surprise at the retail prices. ...
RAK White Cement to pay dividends worth AED25m
UAE-based RAK White Cement has approved the Board’s recommendation to distribute five per cent of capital as cash dividends for the FY17. The company will pay five fils per sha...
Niger’s NCN to open soon
Nouvelle Cimenterie de Niger (NCN) is expected to enter operation soon and some 85 per cent of the construction work has been carried out, according to local news reports. The ...
Sinoma Cement joins the World Cement Association
The World Cement Association (WCA) announced today that Sinoma Cement is the latest addition to its international membership spanning 35 countries. Sinoma joins as a corporate ...
HeidelbergCement reports record 2017
Despite a challenging environment, HeidelbergCement has announced at 14 per cent YoY increase in revenues to EUR17.3bn in 2017 from EUR15.2bn in 2016 although on a pro-forma ba...
Dangote receives approval to raise NGN300bn in local-currency bonds
Dangote Cement Plc has announced that it received approval from the Securities and Exchange Commission (SEC) and other regulators to raise NGN300bn (US$833m) in local-currency ...
Raysut Cement to look at 1Mta plant in Georgia
Oman’s Raysut Cement Co is planning to carry out an initial study for a 1Mta plant in Georgia, according to Muscat Daily. The company’s subsidiary, Pioneer Cement Industries Ge...
Cement demand in Spain shows double-digit growth
Cement demand in Spain expanded by 11 per cent in the 12 months up to January 2018 when compared with the year-ago rolling year, according to the new Cement Barometer, prepared...
Pakistan's cement export revenue totals US$149.7m in 8MFY18
Pakistan exports revenue of cement during the first eight months of FY17-18, recorded a YoY fall of 13.4 per cent and 16.9 per cent in quantity and value in dollars, respectiv...
Egypt exports rise 79% in January
Egypt’s cement exports increased 79 per cent in January 2018 to reach US$7m, compared to US$4m in the year-ago period, according to a report from the country's Export Council f...
MPA challenges government for level playing field on energy pricing and biomass fuels
The Mineral Products Association's (MPA) 2017 annual sustainable development report highlights that although domestic sales have steadily improved since 2012, UK manufacturers...
Five Cemex plants become the first facilities to receive CSC certification
Cemex has announced that five of its concrete plants in California have earned Responsible Sourcing Certification from the Concrete Sustainability Council (CSC), becoming the f...
Dangote Cement records 31% revenue increase in 2017
Dangote Cement Plc has announced its unaudited results for the full-year 2017 period, which show a 31 per cent YoY increase in revenue to NGN805.6bn (US$2.24bn) from NGN615.1bn...
Al Karama Holdings names six prequalifiers for Carthage Cement
Six foreign groups have submitted bids for the acquisition of a 50.52 per cent interest in Tunisian cement producer Carthage Cement, according to Al Karama Holding, the company...
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