Lucky Cement updates on operations at home and away
Lucky Cement has provided an update on operations in the Democratic Republic of Congo, as well as capacity expansion plans in Iraq and Pakistan, during a corporate briefing org...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Chettinad Cement receives clearance for Odisha grinding plant
Chettinad Cement Corp has received approval from the Odisha’s State Level Single Window Clearance Authority (SLSWCA) to establish a grinding plant. The project will have a ca...
Vassiliko Cement Works joins World Cement Association
The World Cement Association announced that Vassiliko Cement Works Ltd is the latest organisation to join its fast-growing, international membership. The recently-established ...
Northern Region Cement 2Q net profit down 83%
Northern Region Cement Co on Wednesday announced that its net profits fell 83 per cent YoY in the second quarter of 2017. Profits fell to SAR8.26m during the three months endin...
Martin Marietta modest first half growth
Martin Marietta Materials, one of the top five US aggregates producers, has announced a first half turnover 8.4 per cent ahead at US$1788m while the EBITDA was ahead by five pe...
MPA: 2Q demand for mineral products declines
Construction market demand for mineral products was lower in 2Q17 compared with the previous quarter, providing evidence of a more general slowdown in construction activity in ...
US and Puerto Rico May shipments up 8.2%
Portland and blended cement shipments in the US and Puerto Rico in May 2017 reached 8.8Mt, up by about 8.2 per cent YoY, according to data presented in the latest USGS Mineral ...
Raysut shareholders agree to sell Oman Portuguese Cement Products
Raysut Cement shareholders have approved a proposal to sell Oman Portuguese Cement Products Co to Opal Development. The decision was taken at an extraordinary general meeti...
Pacific Cement to import cement from Vietnam
Pacific Cement Ltd (PCL) is to import 25,000t of cement from Vietnam to address shortages on the island of Fiji. Market demand continues to be higher than the output of Fiji...
Eastern Province Cement 2Q net profit slides
Saudi-based Eastern Province Cement Co (EPCC) said its net profits slid 25.5 per cent YoY in the second quarter of 2017 due to lower volumes and value of cement sales due to a ...
Philippine watchdog finds 'indications" of anticompetitive agreements
The Philippine Competition Commission (PCC) discovered in its ongoing full administrative investigation “indications of anticompetitive agreements” in the local cement industry...
PCA expects airports market to help drive demand
Increased demand for US air travel is expected to help drive increased cement consumption over the next 25 years, according to the Portland Cement Association (PCA). Population...
Yanbu 2Q sales hit by weak demand and strong competition
Saudi-based Yanbu Cement Co's second quarter net profit fell by 49.7 per cent YoY, and 35.5 per cent on a sequential basis, according to a bourse filing. The drop in profits is...
Carthage Cement reports 2% rise in 1H turnover
Tunisia-based Carthage Cement increased its cement turnover by two per cent to TND68.022m in the first half of 2017. Domestic market share advanced from 18.55 per cent in Ju...
Nepal-China JV due to start operations in 2018
Hongshi-Shivam Cement Private Ltd, a Nepal-China joint venture company, is aiming to start cement production in March 2018, according to a senior company official. Shiva Ratn...
Dangote Cement sells 2.3% stake to foreign investors
Nigeria's Dangote Industries Ltd sold a 2.3 per cent stake in Dangote Cement to foreign investors on Tuesday in a stock market deal valued at NGN86.1bn (US$236m), Reuters rep...
Birla Corp considers Maharashtra plant investment
Birla Corp is planning a 4Mta cement plant in Mukutban, in the state of Maharashtra, Chairman Harsh V Lodha told reporters on the sidelines of company’s Annual General Meeting....
HeidelbergCement volumes and revenues strengthened by Italcementi contribution
HeidelbergCement said its sales volumes of building materials rose substantially in the second quarter as a result of the consolidation of Italcementi. On a pro-forma basis, ie...
Lucky Cement FY17 profit rises 5.78%
Lucky Cement has reported a 5.78 per cent YoY increase in full-year profit of PKR13.69bn (US$129.8m) versus PKR12.94bn in FY16, the company informed the Pakistan Stock Exchange...
Ugandan government supports new cement plant
China National Materials Group (Sinoma) is seeking to invest UGX1.8tr (USD500m) in a new cement factory to be located at Mbale Industrial Park in eastern Uganda, 225km from Kam...
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