Mexican peso depreciation causes substantial hike in cement prices
The depreciation of the Mexican peso against the US dollar has impacted negatively on the price cement and other building materials. In the year to date, cement prices have inc...
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Pakistan: DG Khan and Maple Leaf projects on target
Work on DG Khan Cement Co's US$300m Hub cement plant in Balochistan, Pakistan, is progressing well. The 9000tpd works is expected to receive major shipment between October 2016...
Cimpor hit by the weakness in volumes and currencies
Cimpor's nine-month turnover fell by 28.5 per cent to EUR1379.4m and EBITDA dropped by 33.1 per cent to EUR264.6m as cement deliveries in Portugal, Brazil and Argentina decline...
LafargeHolcim adjusts medium-term targets
LafargeHolcim has adjusted its medium-term group targets, according to the group’s 2016 Capital Markets Day statement. In the last 12 months, the company reached net sales of...
Kenya: Savannah Cement to raise capacity to 2.4Mta
Savannah Cement has unveiled plans to increase its Athi River plant to 2.4Mta, almost doubling its current 1.5Mta capacity, Business Daily Africa reports. The firm says it e...
Consolidation needed in South African market claims PPC chief
Darryll Castle, chief executive of PPC, has said that he believes there are too many cement companies operating in South Africa, adding that necessary consolidation would leave...
Spain: demand sees 7% YoY decrease in October 2016
Cement consumption in Spain fell 7.2 per cent YoY in October to 936,568t, according to the Spanish cement association, Oficemen. For the first 10 months of 2016, cement dema...
Nepal: new government certification for cement
The Nepali government will start the certification of domestic cement brands according to quality in three months’ time, enabling them to compete in the market with foreign cem...
Kenya: East African Portland Cement to lay off two-thirds of workforce
In a restructuring plan unveiled this week, East African Portland Cement (EAPC) has said it will lay off more than 1000 of its more than 1500 workers, reducing the firm’s headc...
Nigeria: Ashaka Cement to delist from NSE
LafargeHolcim subsidiary Ashaka Cement has said that it will voluntarily delist its shares from the Nigerian Stock Exchange (NSE) after the freely-tradable proportion fell belo...
Saudi Arabia shifts focus as spending curtailed
With the publication of the 2016 budget, Saudi Arabia has put an end to the high rates of spending prevalent before a subdued oil price environment took hold. However, the oil...
USA: Portland and blended cement shipments in August rise by 3.1%
Total shipments of Portland and blended cement in the United States and Puerto Rico in August 2016 were 9.4Mt, up by 3.1 per cent from sales in August 2015. The leading prod...
CRH revenues rise to US$22bn on stronger US construction activity
In a trading update covering the first nine months of 2016, CRH announced that its sales revenues had reached EUR20.4bn (US$21.9bn) with improved performances in its European, ...
Thailand: Siam Cement orders versatile Loesche mill
Siam Cement Public Co Ltd (SCG) has contracted Loesche to deliver a new vertical roller mill (VRM) of the type LM 56.3+3 CS for its Kaeng Khoi cement plant. The mill will pro...
Philippine cement sales growth slows in 3Q16
While cement sales growth in the Philippines slowed in 3Q16, continued construction activities saw 9M16 cement sales record double-digit growth. Nine-month sales increased 10.1...
Côte d'Ivoire: Samson Materials Eco Hopper order
Samson Materials Handling Ltd UK (a member of the Aumund Group) has received an order for its Eco Hopper from SEA-Invest for operation in Côte d'Ivoire. This Eco Hopper is des...
Lucky Cement orders two sets of Fons Delta Coolers
On June 2016 Lucky Cement ordered two sets of Fons Delta International 3000tpd clinker coolers and two sets of three-roller clinker crushers for its A and B production lines. ...
Brazil: CSN 3Q16 revenue up 13.6% YoY
Brazilian steel and cement maker Companhia Siderurgica Nacional's (CSN) 3Q16 results improved in comparison with the year-ago quarter, primarily due to higher sales volume in ...
USA: FTC approves HeidelbergCement divestiture
The US Federal Trade Commission (FTC) has given its approval to an application from HeidelbergCement and Italcementi for the divestiture of the Essroc Martinsburg cement plant ...
India: LafargeHolcim increases stake in Ambuja and ACC
LafargeHolcim has increased its shareholding in Ambuja Cement through the purchase of an additional 39.1m shares, increasing the Franco-Swiss firm’s stake by 1.49 per cent to 6...
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