Conch offer shows price just one factor in Lafarge deal
China’s Anhui Conch lost out in the race to acquire Lafarge India despite the fact that its offer of INR95bn (US$1.4bn) was higher than the INR94bn bid submitted by Nirma Group...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Mozambique is on course to more than double its cement capacity
Three new factories are due to open before the end of the year in Mozambique as the country's cement capacity is expanded from just over 2Mta to around 5.3Mta. Greenfield p...
Kazakhstan: Steppe Cement sees 6% rise in 1H16 sales
Steppe Cement Ltd sold 761,771t of cement for KZT8190m (US$23,970.4) during the first half of the year, a rose six per cent compared with 717,654t of cement for KZT8277m a year...
UK: Hope Cement launches bagged product range
Hope Construction Materials have officially unveiled its new high-performance bagged cement products, which, for the first time, are all available in the company’s own packagin...
Spain: FCC refinances Portland Valderrivas debt
In the restructuring of the group, Spain’s FCC plans to refinance the syndicated debt of Cementos Portland Valderrivas (CPV), in which it owns a 77.9 per cent stake. Funds from...
Oman: Raysut Cement 2Q16 profits fall 2%
Raysut Cement Company (RCC) reported a decline by two per cent in its second-quarter profits, according to a bourse statement. Profits reached OMR4.8m in 2Q16, compared to OMR...
Vietnam: cement and clinker sales reach 38.7Mt in 1H16
Vietnam's Building Material Department, under the Ministry of Construction, reports that cement producers in the country sold 38.7Mt of cement and clinker in the first half of...
Lafarge Canada set for next phase of AF project
Lafarge Canada is about to commence the next phase of a project to test the suitability of a variety of alternative fuels, the Kingston Whig-Standard reports. In conjunction...
Oman Cement’s 1H16 profits up 25%
Oman Cement has announced its profits are up by a quarter YoY for the 1H2016. In the first six months of the year, the company made a profit of OMR6.8m (US$17.7m), Muscat Daily...
Ghana: Dangote creates 5000 jobs
To improve the access and availability of cement across the country, Dangote Cement Ghana has acquired 1000 new trucks for the distribution of cement into all parts of Ghana. T...
thyssenkrupp appoints new board members
Michael Höllermann and Johan P Cnossen will form part of thyssenkrupp Industrial Solutions’ management board from 1 August 2016. Michael Höllermann will be appointed Chief Hu...
Safety award for Hanson Cement
Hanson UK, part of the HeidelbergCement Group, has been awarded a Tanker Safety Award at the 2016 Tip-ex and Tank-ex awards, recognising the company’s dedicated approach to veh...
IFC grants Cemex EUR106m "green" loan
The International Finance Corp (IFC) has granted Cemex a loan of EUR106m to support the company’s sustainable development investment in emerging markets. After a thorough as...
Freight: 30m dwt of scrapping needed
With newbuilds arriving faster than owners are able to scrap their old carriers, the growing oversupply in the dry bulk shipping market is clear. Higher levels of ship scrappin...
Spain: consumption decreases 2.3% in 1H16
Cement sales in Spain slipped by 0.9 per cent to 1,048,116t while for 1H16 they fell 2.3 per cent to 5,525,720t. The continued fall in demand is attributed to the lack of const...
China: Jinyuan Cement to raise CNY1.36bn in private share placement
Jinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans. In June Jinyuan Cement b...
Argentina: domestic demand down 19% in June 2016
Argentina’s cement demand contracted 18.8 per cent YoY in June 2016 to 857,525t from 1,055,434t in June 2015 and by 2.7 per cent MoM from 881,663t in May 2016, according to dat...
UAE firm bids for Holcim Lanka Ltd
Dubai-based Onyx Group owned by Sri Lankan businessman, Nandana Lokuwithana, is said to have joined bidders in the process to buy Holcim Lanka Ltd, according to Business Standa...
Algeria: CILAS clinker line successfully commissioned
Algeria's CILAS saw the successful start-up of its new clinker production line with the ignition of the kiln on 10 July 2016, 11 days ahead of schedule, in the presence of Didi...
Nigeria: cement prices increase
According to The Guardian Nigeria market research, there has been a fluctuating increase in cement prices since May 2016. Previously prices had been reduced by Dangote Cement P...
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