Green cement volumes to rise at a CARG of 7.6% up to 2024
According to report published by Grand View Research, global green cement market is expected to reach US$37.76bn by 2024. Growing awareness regarding reduction in carbon emiss...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Russia: new general director appointed at Mordovcement
Karel Okleshtek has been appointed the new general director of the Mordovcement plant (included in Eurocement Group). Previously, he headed a plant of the international group H...
India: Malabar Cement MD arrested over concessions to dealers
Malabar Cement managing director K Padmakumar has been arrested in a corruption case. Raids were carried out by the authorities on 1 September 2016 at Malabar cement office at...
India: Assam cement companies bring down prices
Following an initial reluctance, cement companies in Assam, India, have started to lower cement prices, according to reports in The Telegraph. Cement producers including To...
Kohat Cement reports profit increase of 32.7%
Kohat Cement announced a profit after tax of PKR4.4bn (US$42.1m) for the financial year ending 30 June 2016, a 32.7 per cent increase from the PKR3.2bn achieved in the correspo...
Vietnam: multiple mergers and acquisitions
Siam City Cement (SCCC) is set to purchase 65 per cent of the stakes in LafargeHolcim Vietnam in a deal valued at US$524m. The acquisition is due to be completed in the 4Q once...
Nigeria: cement price rise will impact house building
Cement dealers in Umuahia have spoken out against the rise in the retail price of cement, which have been raised by almost 50 per cent recently. The hike was caused by the high...
New MD for Twiga Cement
Tanzania Portland Cement Company, or Twiga Cement, has appointed a new managing director following the departure of the company’s previous MD decision to take on a new role in ...
Cimpor takes massive provisions in Brazil
Cimpor's first-half turnover dropped by 31.1 per cent to EUR897.3m, while EBITDA declined by 39.1 per cent to EUR170.1m. The amortisation and provision charge jumped from EUR10...
Lucky Cement's profits up 9.3%
As a result of an increase in turnover, Lucky Cement's full year profits increased by 9.3 per cent. The company reported earnings of PKR16.15bn (US$154.67m) compared to PKR14....
New 100,000t silo for Vassiliko Cement Works
Vassiliko Cement Works is scheduled to take an additional clinker silo into service in 18 months' time at its cement plant near Limassol, Cyprus. The new 100,000t structure is ...
Indian cement producers to appeal CCI fines
LafargeHolcim, India Cements and Ramco Cements have said that they will appeal against yesterday’s ruling by the Competition Commission of India (CCI) which levied fines totall...
Sumitomo Osaka 1.4Mt coal consumption in 2015
Japanese cement manufacturer Sumitomo Osaka Cement reported that it had consumed 1.41Mt of coal for the fiscal year 2015 (year end 31 March 2016). This figure is a 2.7 per cent...
Cemex awarded for environmental efforts
Cemex was awarded the Honourable Mention for the 2016 National Award of Ecological Merit by Mexico’s Secretariat of Environment and Natural Resources. The award is the most imp...
Nabil Francis new Managing Director of Ciments du Maroc
The Board of Directors of Ciments du Maroc has appointed Nabil Frances as new Managing Director, replacing Mario Bracci as of 1 September. Mr Francis was first employed by It...
Cementos Bío-Bío 1H16 profits down 10%
Chile’s Cementos Bío-Bío saw its profits during the first half of 2016 fall by 10.1 per cent to CLP9168.69m from CLP10,200.19m reported in 1H15. Revenues increased 6.6 per ce...
Competition Commission of India imposes US$944m fine for cartelisation
The Competition Commission of India (CCI) has levied a fine of INR63.2bn (US$944m) on 10 cement companies whom it accuses of conspiring to fix prices in contravention of compet...
Malaysia: CMSB 1H16 cement profits down 24%
Cahya Mata Sarawak Berhad (CMSB) has announced its earnings figures for the first half of 2016, including those of its cement division. This recorded a pretax profit of MYR41.7...
Dangote announces price rise, starts coal mining in November
Dangote Cement's sales growth remains robust with Nigerian vollumes up 15 per cent in July and August. However, in the current quarter, the company has seen disruption to the g...
Pakistan: DG Khan sees profit up 15%, expands capacity by a further 2.2Mta
Pakistan cement producer DK Khan Cement Co announced a 15 per cent YoY rise to PKR8.79bn (US$83.9m) in its profit after tax in FY16 from PKR7.624bn in FY15. Its sales rose t...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
