LafargeHolcim exits Chile as it sells Cemento Polpaico
LafargeHolcim will sell its majority stake in Chile's Cemento Polpaico to investment firm Inversiones Caburga Ltda, whose interests include the Chilean ready-mix market through...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Indonesia: minister to bring in regulation to stop capex expansion
In an effort to curb Indonesia’s burgeoning overcapacity, the government has announced that it is working on a regulation banning the issuance of new permits for cement plants,...
UK: Tarmac launches new packaging machine at Tunstead
Tarmac has unveiled a new, state-of-the-art cement packing facility at its Tunstead cement site, near Buxton, Derbyshire, UK. The launch comes as the site celebrates its 50th a...
Vietnam: inspection of polluted plants
A joint delegation from the Vietnamese Ministry of Industry and Trade and Ministry of Natural Resources and Environment were due to inspect cement plants that pose a high risk ...
Uganda: Government to construct plant in Karamoja
It has been reported that the Ugandan government has plans to construct a cement plant in the Karamoja sub-region through a public-private partnership with Moroto Ateker Cement...
China: Anhui Conch most shorted stock amid economic concerns
Shares in Anhui Conch have become the most shorted on the Hong Kong stock exchange as doubts grow over the sustainability of China’s property boom, Bloomberg reports. Disagr...
Pakistan: cement sales rise by 3.6% in September
The All Pakistan Cement Manufacturers Association (APCMA) has announced that cement sales in the month of September rose by 3.55 per cent, reports the Tribune Newspaper. Whi...
Ghana: cement companies cut prices to win market share
Improving economic conditions and Dangote’s aggressive pricing policies have been blamed for what looks to be a developing price war among Ghanaian cement companies, Ghanaweb r...
North Korea: cement production rises in response to flooding
North Korean state media have reported that workers at the Sangwon cement plant have increased production by 50 per cent as part of efforts to send aid to the flood-stricken no...
India: Sagar Cement sales rise 29% on consolidated basis
Sagar Cement has announced its sales and production figures for September, which saw the former rise by 29 per cent on a consolidated basis, but fall by 15 per cent on a standa...
China: Shanshui Cement to raise HK$456m from placing
Shanshui Cement announced that it has entered into a placement agreement, proposing the placing of 910-950m new shares at a price not less than HK$0.5/share. This placing price...
Italcementi shares to cease trading
Shares in Italcementi will be removed from the Milan stock exchange next Wednesday after the conclusion of HeidelbergCement’s takeover, Il Sole 24 Ore reports. Heidelberg ha...
India: production to resume at Malabar Cements
Minister of Industry, E P Jayarajan, announced that Malabar Cements will resume operations his month. Production was halted on 10 September 2016 as a result of raw materials sh...
Kazakhstan: struggling economy hits cement industry
With a slump in oil prices, geopolitical tension between Russia and the West, and a slowdown in the Chinese economy, Kazakhstan’s GDP grew just 0.1 per cent YoY in 1H16. Follow...
DR Congo: new plants to fight imports
This week it was announced that the Cementerie Kongo (CIMKO) greenfield cement plant project, a joint venture between Lucky Cement Ltd and the local Groupe Rawji, would be com...
Essroc Canada's integration to the HeidelbergCement Goup is approved
The integration Italcementi's business in Canada with the HeidelbergCement Group was formerly approved by the company's board of directors yesterday. Since 1 July 2016 Heidelb...
India: Birla Group front runner to buy Bhillai stake
Orient Cement, part of the Birla Group, has emerged as the front-runner to buy out Jaiprakash Associates’ 74 per cent stake in Bhillai Jaypee Cement, the Economic Times reports...
Cemex new management in CLH and Colombia
Cemex Latam Holdings has made senior level organisational changes at both CLH and Cemex Colombia. The following changes have been made and are effective immediately: Juan...
India: Ruling BJP party leader calls for Pakistan cement ban
Subramanian Swamy, leader of the BJP, has called on his colleague, Prime Minister Narendra Modi, to ban the import of cement from Pakistan, the Economic Times reports. "I re...
Egypt: NCC incurs US$13.5m losses
Egypt’s National Cement Company (NCC) incurred net losses of EGP119.9m (US$13.5m) during fiscal year 15-16, an improvement when compared to the EGP282.5m registered for the pre...
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