Cuban cement price sees 47% hike
Cement prices in Cuba rose substantially at the end of last week with a bag of P350 cement now priced at CUP165, up from CUP112, at retail level. Lower-grade cement has incr...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cemex successfully closes new US$4.05bn bank loan
Cemex announced today that it has entered into a new facilities agreement for a total amount of US$4.05bn with 20 institutions. The 2017 Credit Agreement will be used to refi...
Unacem acquires Hormigonera Quito
Peru-based Unacem has bought a 100 per cent stake in concrete producer Hormigonera Quito of Ecuador. Hormigonera Quito operates two industrial plants - one north of Quito on...
UltraTech sees profit growth in 1QFY18
UltraTech Cement Ltd, an Aditya Birla Group Company, yesterday announced its unaudited financial results for the quarter ended 30 June, 2017. The results include those of the c...
Steppe Cement price focus helps lift 1H turnover
Steppe Cement reported a 15 per cent decline in volumes for the first half of 2017 while turnover was up by four per cent over the same period as the Kazakhstan-based producer ...
Pakistan producers see mixed dispatch performance
Pakistan cement producers recorded a mixed performance in total dispatches for FY17 as a double-digit decline in exports was witnessed. During FY17, which drew to a close at ...
FTC approves divestment of Martinsburg plant and related assets
Following a public comment period, the US' Federal Trade Commission (FTC) has approved an application from HeidelbergCement AG and Italcementi SpA to sell the Essroc cement pla...
Hanil completes acquisition of Hyundai Cement
Hanil Cement Co has completed the acquisition of Hyundai Cement Co in South Korea. The consortium of Hanil Cement and LK Investment Partners has paid US$552.2m for a controlli...
DG Khan Hub plant to start production by year-end
DG Khan’s new US$300m Hub cement plant in Balochistan province, Pakistan, will begin production by December 2017, according to a local brokerage house. The Express Tribune re...
Indonesia 1H sales dip, exports rise
Cement sales in Indonesia registered a slight decline over the first half of this year, while exports sales fared better over the six-month period, according to the latest indu...
Argentina consumption up 17% YoY in June
Argentina’s cement market expanded 4.1 per cent MoM to 1,007,450t in June, according to the country’s cement association, AFCP. When compared with June 2016, the increase reach...
ACC achieves sales growth of 18%
India-based cement producer ACC Ltd has recorded a 32.6 per cent growth in consolidated net profit for the April-June quarter, helped by sales growth. The LafargeHolcim group...
Senegal production rises in 4M17
Senegal’s cement production during the first four months of 2017 showed a slight increase of 2.5 per cent, compared to the same period in 2016, African Press Agency (APA) News ...
Qassim Cement Co reports 53% drop in 2Q profit
Qassim Cement Co reported a 53.29 per cent YoY decline in 2Q17 net profit, while the drop on a QoQ basis was 33.63 per cent, according to a bourse filing. Profits totalled SA...
Procim to operate under the Binastore banner
Procim, the distribution network of LafargeHolcim Cote d'Ivoire, will now operate under the Binastore brand, the parent company’s specialised retail network for construction ma...
Moroccan monthly sales down 31%
The Moroccan cement market contracted in June by 30.6 per cent YoY to 721,846t from 1,039,544Mt in June 2016, according to the country’s Ministry of Housing. The drop in sales ...
Nova Cimangola’s new clinker line enters service
Nova Cimangola has inaugurated its new 2Mta clinker line in Cacuaco, enabling the country to become self-sufficient in clinker production. The expansion raises the capacity ...
Cemex settlement agreement with CA Coastal Commission
The California Coastal Commission has approved the agreement Cemex negotiated with commission staff regarding the continued operation of the Cemex Lapis sand plant at a meeting...
RINL and CCI to set up cement plant
Steel producer Rashtriya Ispat Nigam Ltd (RINL) and the Cement Corporation of India (CCI) have signed a Memorandum of Understanding (MoU), to establish a 2Mta fly ash and blast...
Hanson updates on 2016 sustainability highlights
Hanson UK’s 2017 sustainability report shows capital investment by the company is up 40 per cent with a significant amount spent on projects to save energy, reduce emissions an...
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