US$55m loan for new Congo cement plant
The Republic of Congo and the Export-Import Bank of India have signed an agreement for a US$55m loan to finance a new cement plant in Mafoubou/Tao Tao village in the Niari depa...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Pakistan's cement industry performance sees profitability soar during 1HF17
Pakistan's cement industry performed well during 1HFY17, report local analysts. The industry's profitability soared by 12 per cent YoY to PKR29bn (US$276m), as compared to PKR2...
Colombia's cement sales fall 2.8% in January
January cement sales in Colombia fell 2.8 per cent YoY to 913,190t, according to the country’s statistic office, DANE. The largest decreases were reported in Casanare and Bo...
China: Shanshui Cement defaults on bond
Shandong Shanshui Cement Group has defaulted on a CNY1bn (US$145m) bond, according to China Merchants Bank. With a huge amount of debt due in 2017, China is facing rising de...
Cementos Argos' 4Q16 results boosted by US operations
Cementos Argos has announced that its 4Q16 results saw an 8.7 per cent rise in EBITDA and 70 per cent of its revenues was generated from operations outside of its domestic ma...
Turkey: Sabanci Holding announce investment funds
Turkish conglomerate Sabanci Holding has plans to make TRY4.5bn worth (US$1.25bn) of investments in 2017, the group's CEO said. The holding has plans to invest the funds in Tur...
Tanzania: Lake Cement hopes to start construction of Bagamoyo plant soon
A senior official at Lake Cement Ltd has confirmed that the company still plans to establish a US$150m cement plant in Chalinxe-Tarwanda, Bagamoyo, Tanzania. Plans were origina...
Egypt: Sinai Cement reports FY16 EGP14.6m net profit
Sinai Cement reported a consolidated net profit of EGP14.6m (US$901,243) for FY16, a significant improvement when compared with the previous year when the company posted a net ...
National Railways of Zimbabwe benefits from PPC business
PPC’s new Msasa plant in Harare, Zimbabwe, has enabled National Railways of Zimbabwe (NRZ) to move 1Mt of freight between October 2016 and February this year, following the pur...
Gas price hike to raise Bangladeshi cement prices
Following a hike in gas prices by Bangladesh Energy Regulatory Commission, a rise in the production cost and sales price of cement is expected in the country. The gas price ...
Indonesia: PT Semen Padang secures coal supply
PT Semen Padang has signed a purchase order with BlackGold Natural Resources Ltd's subsidiary PT Samantaka Batubara, to the value of US$12.6m to supply coal to the cement produ...
Pakistan: Power Cement reports 20% fall in profit after tax
Pakistan’s Power Cement Ltd reported a decline of 20 per cent in its profit after tax to PKR242m in 1HFY17. The company’s sales rose 25 per cent to PKR2.06bn during this period...
USA: Summit cement profits rise 45% on back of higher volumes and prices
In a trading statement for 2016, Summit Materials has announced that profits at its cement business rose by 45.1 per cent YoY, with volumes rising by 37 per cent and prices inc...
Pakistan: FWO seeks approval for new plant in Khyber Pakhtunkhwa
According to reports in the Daily Times, the Frontier Works Organization (FWO) is seeking approval from the Pakistani government to establish a new plant in the Haripur area of...
South Korea: Sungshin Cement back in the black in 2016
South Korean cement producer Sungshin Cement Co Ltd improved its revenues by 1.2 per cent to KRW686.6bn in 2016 from KRW678.7bn, according to the country’s Financial Supervisor...
Holcim to invest EUR900,000+ in Carboneras in 2017
Holcim has earmarked EUR900,000 to carry out a series of capex projects in 2017 at its Carboneras plant in Spain. Projects will include a system for collecting and treating rai...
Mexico: Fives FCB commissions second Horromill® at Tula
Fives FCB has commissioned the second FCB Horomill ® unit at the Tula grinding plant of Cementos Fortaleza SA de CV, Mexico, as part of the new 3300tpd line under construction...
Lithuania’s limestone reserves sufficient for decades to come
In 2016 cement companies mined around 680,000m 3 of limestone suitable for cement production in Lithuania, according to the Lithuanian Geological Survey (LGT). This represents...
UK: Quinn Cement seeks sustainable future
To achieve a more sustainable manufacturing process and further decrease imported fossil fuel consumption, Quinn Cement has adopted the use of alternative fuels from local resi...
Brazil: Votorantim/ArcelorMittal to combine steel businesses
ArcelorMittal Brasil SA and Votorantim SA announced the signing of a definitive agreement, which will see Votorantim's long steel businesses in Brazil, Votorantim Siderurgia, b...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
