US fundamentals remain strong
Should investors be worried about the apparent slowdown of US cement shipments in recent months? The IMF has revised down its US growth estimates from 2.6 to 1.6 per cent for ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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India: OCL in talks to buy Shiva Cement's Orissa plant
Shiva Cement is in talks with OCL India among others to sell its integrated cement plant in Orissa, according to the Financial Express. Shiva Cement shares surged as much as ...
Mexico's GCC sees 32% hike in EBITDA in 3Q16
Grupo Cementos Chihuahua reported a 32.3 per cent rise in EBITDA in the 3Q16, supported by an 11.5 per cent increase in US sales, a price hike due to the depreciation of the Me...
Qatar National Cement Company profits flat for 9M2016
The Qatar National Cement Company (QNCC) has released its earning statement for the first nine months of 2016, showing that revenues and profits have changed little from the co...
India: Sagar Cement reviews expansion plans
Sagar Cement is reportedly convening a meeting of its Board of Directors on 19 October. The meeting will address proposals for setting up a coal-based power plant at the compan...
LafargeHolcim continues African expansion
Following the acquisition of Socimat in Côte d’Ivoire last July, LafargeHolcim Maroc Afrique (LHMA) continues its regional expansion. LHMA, a joint venture between Morocco’s...
Cemex expects to complete Tepeaca expansion in 2018
Cemex announced the expansion of its Tepeaca plant in Puebla, Mexico, to conclude in 2018. The plant will see the construction of a new kiln to take its production capacity to ...
Hima Cement positive for growth prospects in Uganda
Uganda's Hima Cement expects the country's cement market to show significant growth going forward. Daniel Pettersson, Hima Cement Ltd country CEO, said, "We are very positive a...
Ghana: CMAG condemn minister's permit for Chinese imports
The Cement Manufacturers Association of Ghana (CMAG) has expressed its disatisfaction at Ekwow Spio-Garbrah, Ghana's Minister of Trade & Industry, for offering a permit to a Ch...
Pakistan: Flying Cement profits up 24%
Pakistan's Flying Cement Co Ltd has reported that it earned profit after tax of PKR145.69m (US$1.38m) in FY16, up by 24 per cent from last year. The cement producer does not an...
Semen Indonesia to continue Rembang construction
Despite the decision of Indonesia’s Supreme Court to cancel an environmental permit for Semen Indonesia's Rembang plant, the cement producer will continue the construction of t...
USA: centenary up for Victorville plant
Cemex Victorville has been celebrating its 100th-year anniversary in producing cement in the Victor Valley for customers in California and western USA. The plant, which opened...
EC to investigate HeidelbergCement-Schwenk acquisition of Cemex Croatia
The plans of HeidelbergCement and Schwenk to acquire Cemex's Croatian subsidiary will be subject to review by the European Commission (EC). The transaction would result in t...
Indonesia: September figures weaker
Due to a lower demand from the domestic housing industry, Indonesian cement sales for the month of September fell 3.3 per cent to 5.64Mt compared to September of 2015, accordin...
Kazakh cement consumption shows signs of slowing
Cement consumption growth in Kazakhstan is expected to decelerate in 2016, breaking with the decade-long trend of demand expansion of 15-30 per cent annually. Only in 2009, con...
Oman Cement profit surges 39%
Oman Cement Co announced that it has achieved a 38.78 per cent growth in net profit, reaching OMR9.68m (US$25.14m) for 9M16, compared to OMR6.98m for the same period a year ear...
Uganda: Intercem completes Kampala Cement upgrades
Intercem has completed the installation of a 90tph cement grinding plant with a ball mill, a clinker storage unit and four 1000t steel cement silos to Kampala Cement Co Ltd. Al...
India: Orient Cement will increase debt with acquisition
The interest burden of Orient Cement is expected to increase following the acquisition of the cement assets of Jaiprakash Associates, valued at INR19.5bn (US$291.48m). The acqu...
Saudi Arabia: Qassim Cement reports lower-than-expected 3Q16 profits
Saudi Arabia’s Qassim Cement reported a profit of SAR70.4m (US$18.8m) in 3Q16 and an operating profit of S AR78.3m. The results were lower than expected, according to Al Rahji ...
China: consolidation on production capacity by 2020
The China Cement Association (CCA) has advised that the merger of leading cement companies will likely concentrate the industry’s capacity, informing that government that by ye...
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