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Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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How has Binani Cement ended up facing insolvency?
The interest in the insolvency-stricken Binani Cement has been mounting since the summer and large investors are now lining up to bid for the portfolio of cement plants in Indi...
PPC board rejects Fairfax offer
The board of PPC has advised its shareholders not to accept the offer of Fairfax Africa Investment Pty Ltd to buy a stake in the South African cement producer. The company will...
Kazakhstan cement price rises 6%
In October Kazakhstan the average price of a 50kg bag of M400 cement reached KZT1252 (US$3.79), a 0.3 per cent MoM rise and an increase of 5.7 per cent when compared with the y...
Pakistan sees 31% YoY rise in exports in October 2017
The export revenue of the cement industry in Pakistan fell 18.57 per cent YoY throughout the July-October 2017 period, to PKR9.05bn (US$85.97m) from PKR11.12bn. The volume of c...
Evergreen Holdings to build new plant in Uzbekistan
Evergreen Holdings has initiated plans to construct a new cement plant in Karakalpakstan, Uzbekistan. The South Korean company will complete the project in several stages ac...
Lafarge Africa buys out shareholders of Ashaka Cement
Lafarge Africa has bought out the minority shareholders of Ashaka Cement and issued 85.26m shares as part of a share exchange agreement, reports The Nation. The Nigerian cement...
PPC 1H17 earnings strong on robust Zimbabwe and Rwanda sales
South Africa’s PPC Ltd reported in its inaudited 1H17 accounts a 36 per cent YoY rise in first-half earnings, supported by a strong performance in Zimbabwe and Rwanda. Headline...
Dangote Cement inaugurates plant in Rep of Congo
Dangote Cement will inaugurate its 1.5Mta cement plant in the Republic of Congo on Thursday. The plant is expected to create approximately 1000 jobs and will become Dangote's 1...
Cimaf announces 0.5Mta plant in Bouaké, Côte d'Ivoire
Cimaf continues to expand its footprint in Côte d’Ivoire as it started its second production unit in the country in the port city of San Pedro on 20 November. Moreover, Cima...
Eagle Cement breaks ground on Cebu Line 4
Eagle Cement Corp has broken ground on the fourth production line at its Cebu plant. The Cebu Line 4 is set for completion in 2020 and will include a 2Mta integrated cement pla...
Vietnam's Vicem sells 20.93Mt of cement and clinker in 10M17
State-owned Vietnam Cement Industry Corp (Vicem), the country’s leading cement producer, sold 20.93Mt of cement in the first 10 months of 2017. The volume reflects a drop of 1....
Cement sector helps thyssenkrupp to its highest order intake in five years
ThyssenKrupp has reported double-digit gains order intakes for 2016/17. The cement sector helped the Industrial Solutions segment achieved a turnaround in order intake with th...
Insee Cement launches competition
Insee Cement has launched a competition for customers who buy Sanstha Cement. The ‘Jumbo’s weight of cement’ competition offers the chance to win LKR50,000 (US$325) worth of Sa...
Moroccan demand stable in October
Cement demand in Morocco edged up 0.3 per cent in October 2017 to 1,320,030t from 1,316,225t in October 2016, according to data by the country's Ministry of Housing and Urbanis...
Sanghi Industries sees fall in fuel cost
Sanghi Industries Ltd has seen a fall in fuel and power cost in the September quarter, contradicting the trend of rising fuel prices across India. Sanghi Industries has benef...
Dandot Cement loss increases in 1QFY17
Pakistan's Dandot Cement Co Ltd (DCCL) reported a loss after tax of PKR-110m in the first quarter ended 30 September 2017,compared to a loss of PKR-64m in 1QFY16. Net sales...
Irish Cement plans to reduce carbon emissions
Irish Cement has stated that its plans to increase alternative fuels usage is not a move to develop a waste incinerator, according to The Irish Times. The company has been usin...
Apeco slag conveyor system is installed at Swedish cement plant
Apeco has successfully completed a slag conveyor system project at the Cementa cement plant in Slite, Gotland, Sweden. The supplied conveyors were installed on a hill with lim...
Fire breaks out at GCC Dacotah cement plant
A fire broke out at the GCC Dacotah cement plant in Rapid City (SD), USA, early Tuesday morning but was quickly extinguished by the local Fire Department, reports Rapid City Jo...
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