Qatar National Cement sees 32% drop in net profit in 3Q17
Qatar National Cement Co disclosed its interim financial statement for the period ended 30 September 2017. The company's 3Q net profit is QAR242.805m, down 31.7 per cent ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
CILAS sees Biskra plant inauguration
The new cement plant at Biskra by CILAS was inaugurated on 17 October 2017 in the presence of the Minister of Industry and Jean-Jacques Gauthier, CEO of LafargeHolcim Algérie, ...
Vietnam's cement and clinker consumption rises in 9M17
The total consumption of cement and clinker from Vietnam cement producers grew six per cent to 59.27Mt in the first nine months of this year, reports the Ministry of Constructi...
Loesche to deliver three VRMs to Sohag plant
Loesche will take part in the construction of a new 2Mta cement plant for Egypt Cement as it supplies three vertical roller mills (VRMs). The planned works is located nearly 50...
RHI AG and RHI Magnesita merger set for 26 October
The merger of RHI AG with its wholly-owned subsidiary RHI Magnesita NV should become effective on 26 October 2017. Upon such effectiveness, RHI AG will cease to exist as lega...
PIC increases shareholding in PPC
Cement producer PPC reported on Monday, 16 October, that the Public Investment Corporation (PIC) had increased its shareholding in the South African cement company, which is cu...
Vietnam’s GENCO 1 in cement deal
Vietnam’s Power Generation Corporation 1 (GENCO 1), a unit of the country’s state utility Vietnam Electricity (EVN), has signed deals with seven partners to sell some 2.9Mt of ...
Yamama Cement sees 3Q profit fall
Yamama Cement reported a 30.5 per cent YoY fall in sales to SAR164m (US$43.7m) in 3Q17 from SAR236m in 3Q16. The company’s net profit decreased 48.1 per cent from SAR56.3m to...
JSW Cement Ltd plots 20Mta capacity by 2019 with IPO
JSW Cement Ltd signalled its intention to expand capacity to 20Mta from its current 12.5Mta and launch an initial public offering (IPO) sometime after the 2019 general election...
Cemex, Holcim, Cementos Argos face cartel allegations in Colombia
Cemex, Holcim and Cementos Argos have 20 days to respond to allegations of cartelisation in the Colombia’s cement market. If the evidence against the companies is found conclus...
Venezuela: Llas Lanadas commissions Line 2
On Friday, 13 October the second line of the Las LLanadas plant in Trujillo, Venezuela, was commissioned, increasing the cement works’ capacity by 0.5Mta to 1.35Mta. Line No...
Building materials price rise sees 8% reduction in Mexican public works
The increase in prices of building materials including cement is leading to a reduction of at least eight per cent in infrastructure works planned by Mexico’s Infrastructure Se...
Pakistan Prime Minster Abbasi inaugurates PIBTL terminal at Port Qasim
Pakistan’s Prime Minister, Shahid Khaqan Abbasi, has inaugurated Pakistan’s first state-of-the-art mechanised, coal, clinker and cement bulk cargo handling terminal, Pakistan I...
Egypt doubles value of cement exports in 9M17
Egypt’s cement exports rose 88 per cent during the first nine months of 2017, reaching around US$72m compared to US$38m last year, its building industries export council said o...
Dalmia Cement picks up Green Award 2016
Dalmia Cement (Bharat) Ltd, Dalmiapuram, has won the Green Award-2016 from Tamil Nadu Pollution Control Board for the second time. The industry is the only cement plant and o...
Jalan Cement faces forensic audit
Securities and Exchange Board of India (SEBI) has ordered for a forensic audit of Jalan Cement Works, after finding prima facie evidence of misrepresentation of financials by t...
Fixing Italy's broken market - consolidation is the key
Like Spain, Italy's cement market collapsed dramatically after the global financial crisis, with cement consumption falling to just 18Mt in 2016 from the 2006 peak of 47Mt. Si...
PPC is a new target for CRH
CRH is among companies considering a counterbid for PPC that could trump an offer by Canada’s Fairfax Financial Holdings, according to Bloomberg sources. PPC’s future has bee...
Thomas Gruppe to buy Gebr Seibel Zementwerke
Thomas Gruppe (revenues estimated at EUR300m) confirmed on Thursday 12 October 2017 that it was taking over Portland-Zementwerke Gebr Seibel GmbH & Co KG, in Germany, a family-...
Himachal cement companies shelve price hike plans
An intervention by Chief Minister Virbhadra Singh has forced two subsidiaries of LafargeHolcim with cement plants in Himachal Pradesh to reduce their prices by INR5 per bag in ...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
