CRH plans cash bid for PPC
Ireland’s CRH has registered its interest in submitting a cash bid for South African cement producer PPC as it takes on AfriSam and LafargeHolcim. While PPC did not disclose...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Colombia market expands 1% YoY in Sep 2017
Domestic grey cement deliveries by Colombian cement producers in September 2017 reached 1.023Mt, up 0.8 per cent YoY and an improvement when compared the 11.2 per cent fall to ...
EU agrees revised ETS for 2021-30
Coinciding with the UN Climate Summit COP23 in Bonn later this month, EU negotiators have agreed a revised Emissions Trading System (EU ETS) for the 2021-30 trading period. ...
New cement type from olive stone ash and blastfurnace slag
Researchers in Spain and Brazil have developed a new type of cement manufactured from olive stone ash and blastfurnace slag as a more sustainable alternative to currently-produ...
Cementos Itacamba to export additional 4000t to Argentina
Bolivia’s Cementos Itacamba is preparing a second cement and clinker shipment for export at the end of this month following the success of the first export delivery to Argentin...
Adelaide Brighton investigates AUD$14m underpayments to customers
Adelaide Brighton announced on Monday that "it has identified certain financial discrepancies which relate to transactions under which a small number of customers may have unde...
Taiwan Cement plans to create 20MW of green energy
Taiwan Cement Corp plans to spend TWD980m (US$32.45) on a green energy project at the Changhua Coastal Industrial Park. The project involves the development of photovoltaic sys...
Sinai Cement swings into the red in 9M17
Egypt’s Sinai Cement has reported losses of EGP-253.5m (US$-14.4m) in the first nine months of the year, against profits of EGP21.8m in 9M16, as shown by the company’s independ...
Cementos Argos raises cement volumes by 16.7% in 3Q17
Cementos Argos reports in its 3Q17 results that consolidated cement volumes reached 4.2Mt, with a 16.7 per cent increase driven by positive dynamics in the company's operati...
HeidelbergCement reduces Georgia investment
HeidelbergCement is raising EUR115m (US$134m) by selling 50 per cent of its Georgian subsidiary to a Georgian investment fund called Cement Invest, which belongs to Georgian Co...
Consortium applies to build 1Mta grinding unit in Athi River
A consortium of local quarry operators and institutional investors are planning to establish a KES5bn (US$48.3m) cement plant in Athi River, Kenya. Global Choice Ltd will bu...
Fujairah Cement reports 3% fall in revenue
Fujairah Cement Industries has reported a three per cent decline in revenue in 3Q17, according to Mubasher. The company posted a revenue of AED136.68m (US$37.21m) down from ...
JK Cement 2Q net profit doubles to INR930m
JK Cement reported a jump in standalone profit to INR931.4m (US$14.22m) for the second quarter, ended 30 September 2017. In the equivalent period of FY17, the company’s profit ...
State Bank forecasts strong cement demand for Pakistan producers
Pakistan's 11 cement manufacturers are aggressively investing in production capacity, increasing output potential by 30.3Mta (60 per cent) through expansion projectsat a cos...
Mangalam Cement 2Q net profit falls 77%
India-based Mangalam Cement reported a standalone net profit of INR10.7m (US$163,424) for the quarter ended 30 September 2017, representing a 77 per cent decrease when compared...
Misr Cement Qena sees a fall in net profit
Misr Cement Qena has released its financial report for the first nine months of the financial year ended 30 September 2017. The company has seen a fall in consolidated net prof...
Signs of improvement in emerging markets?
The world’s four-largest emerging markets of Brazil, Russia, India and China (BRIC) noted a simultaneous improvement in their economies for the first time in the last three yea...
Buzzi Unicem reports good performance in Russia, Czech Republic and Italy
Buzzi Unicem's turnover for the first nine months was 6.7 per cent higher at EUR2133.4m, but no EBITDA or other profit numbers have been given this time. Net debt at the end of...
FLSmidth reports higher EBITA margin despite lower revenue
Denmark-based FLSmidth reported a 14 per cent fall in revenues in 3Q17 to DKK4101m (US$ 642.4m) from DKK4774m in 3Q16. While gross profit decreased by nine per cent to DKK10...
India Cements net profit falls 62% in 2Q17
India Cements have reported a net profit of INR236.7m (US$3.5m) for the 2Q17 ended 30 September, reflecting a 62 per cent YoY drop, according to the New Indian Express. The ...
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