Umm Al-Qura Cement secures US$13.3m bank loan
Umm Al-Qura Cement Company of Saudi Arabia has signed a key Islamic financing agreement with Riyad Bank to secure a SAR50m (US$13.3m) loan. The loan will be used for funding ...
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Cemex fleet first to achieve carbon neutral certification in Colombia
Cemex announced that it has received de Sello Verde de Verdad (True Green Label), granted by Colombian company Ecologic SAS, and the certification of neutralisation of transpor...
Loma Negra sets out the terms of its IPO
Argentina's Loma Negra the announced terms for its IPO on Thursday. The company is planning a global offering and intends to list ADSs on the NYSE and ordinary shares on the Bo...
Dominican Republic cement production tops 2.6Mt in 1H17
In the first half of 2017 cement production in the Dominican Republic reached 2,612,099t, according to data released by the Dominican Central Bank. From January to June of th...
HeidelbergCement to invest in Bangladesh grinding mill
HeidelbergCement is set to invest BDT925.3m (US$112m) of its own funds in a new grinding mill at its 1.075Mta Kanchpur plant in Bangladesh. The new mill will add 472,000tpa ...
Kenyan cement factories cut production back to 4.2Mt
Cement plants in Kenya have reduced production by seven per cent to 4.2Mt in the year to August, down from 4.5Mt. The cutbacks came amid decreases in cement consumption, data f...
Arabian Cement postpones Rabigh grinding operation
Arabian Cement Co expects the commercial operation of the grinding unit at its Rabigh plant, Saudi Arabia, to start in the 3Q18, instead of the earlier-announced 4Q17. Const...
Indonesia’s Negeri Sembilan Cement agrees WHR JV with Tenega Nasional
Negeri Sembilan Cement Industries Sdn Bhd (NSCI), owned by Cement Industries Malaysia Bhd, has agreed with Indonesian utility giant Tenega Nasional Bhd (TNB) to a joint venture...
Khamarnaugaon plant idea opposed by villagers
Aditya Birla's proposed UltraTech cement plant at Khamarnuagaon under Cuttack district’s Athagarh block has witnessed protests by locals despite obtaining required 90 acres fro...
PPC merger opposition grows
Visio Capital Management, which holds seven per cent of PPC shares, is the latest investment manager to object to a partial conditional offer for AfriSam-Fairfax merger. Vis...
Steppe Cement 2Q17 revenues rise 27%
Steppe Cement announced that its 2Q17 revenue of KZT9312m (US$27.7m) was 27 per cent higher than the KZT7316m achieved in the corresponding quarter in 2016. Sales volumes re...
CNBM moves closer to full integration of 15 listed subsidiaries
China National Building Materials Group Corp is moving closer to full integration with talks ongoing to integrate some of CNBM 15 subsidiaries listed both at home and abroad. A...
BAML: Boral best placed to benefit from Australia’s infrastructure boom
ASX investors looking to benefit from the AUD100bn infrastructure boom could do well by placing their bets on Boral, according to analysts at Bank of America Merrill Lynch (BAM...
ARM Cement receives US$15m cash boost from shareholders
ARM Cement will receive an additional US$15m cash injection from its key shareholders to help shore up its financial position as it searches for a strategic investor. Managin...
Taiwan Cement sees 14% rise in September revenues
Taiwan Cement Corp reported revenues of TWD8.071bn (US$266.8m) in September 2017, up 13.9 per cent from TWD7.087m in the year-ago period, according to a note filed to the Taiwa...
Pakistan International Bulk Terminal set for launch
Everything is set for the formal inauguration of Pakistan’s first state-of-the-art mechanised coal, clinker and cement bulk cargo terminal, Pakistan International Bulk Termina...
German cement industry invests considerably in environmental protection
German cement producers further invested in plant optimisation in 2016, keepign them in a leading role worldwide in terms of environmental compatibility, according to the Germa...
Industria Nacional del Cemento sells close to 10m bags in 9M17
Paraguay’s Industria Nacional del Cemento (INC) has sold 9,855,397 bags of cement in the first nine months of 2017, equivalent to 74.6 per cent of the total sold last year (13....
Flying Cement Co reports 11% rise in post-tax profit
Pakistan’s Flying Cement Co Ltd reported a 0.24 per cent fall in its full-year sales to PKR2.47bn (US$23.4m) in 2017 from PKR2.476bn in 2016. However, the company’s operatin...
Benghazi Cement takes initial steps to reopen
Benghazi’s Hawari cement factories, in Libya, is being helped to reopen. British consultants met with the city's Mayor Abdelrahman Al-Abaar last week in talks on restarting the...
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