South Africa: PPC lines up banks for rights issue
South African’s largest producer, PPC, has announced that it has come to an agreement with four banks to underwrite its proposed ZAR4bn (US$260m) rights issue, Reuters Africa r...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Cemex stock falls over Brexit fears
Cemex saw a further day of losses at the Mexican Stock Exchange (BMV). Since Friday, its shares have fallen 14.74 per cent following the announcement of the UK’s departure from...
Vietnam: order for FLSmidth
Vietnamese cement producer Tan Thang Cement have awarded FLSmidth a contract for the supply of main equipment to a greenfield plant in the country. The Engineering and Procurem...
CRH reported to carry out due diligence on HeidelbergCement's US assets
Ireland-based building materials giant CRH is reportedly among bidders for the US assets put up for sale by HeidelbergCement to appease competition authorities over its Italcem...
Cemex celebrates Panama Canal expansion inauguration
As the Panama Canal expansion was successfully inaugurated on Sunday, Cemex celebrated along with other suppliers and local dignitaries. The company supplied close to 1Mt of s...
Spain: cement demand down 7.5% YoY
Spanish cement consumption saw a 7.5 per cent YoY drop in May 2016 to 965,465t, according to the latest figures published by Oficemen, the country’s cement association. In t...
Two new orders for KHD
KHD has been awarded a contract by Cementos Argos for a works in Colombia. Cementos Argos ordered three Pyrojet Burners for coal and gas firing, to be installed at its plant in...
South Korea: Sungshin shares down
South Korean company Sungshin Cement has been ranked in the bottom quartile of BSS News Bites South Korean performers for the past year. The company’s performance saw it placed...
Pakistan: rising coal prices trouble cement sector
The All Pakistan Cement Manufacturers Association (APCMA) has called on the government to remove import duties on coal following a 16 per cent rise in price, The Nation reports...
Egypt: Suez Cement ranked bottom
Egyptian company Suez Cement has ranked in the bottom quartile of the country’s performers for the year just passed. The company’s performance saw it ranked 144/144 in the BSS ...
Holcim Indonesia in lower quartile
Holcim Indonesia has ranked in the lower quartile of Indonesian performers for the past year. The company was ranked 274/325 in the BSS News Bites ranking of Indonesian perform...
Cementos Argos completes Panama Canal shipments
Cementos Argos completed the shipment of 1.1Mt of cement in May to the Panama Canal expansion project. Around 760,000t of Type II cement and 340,000t of pozzolan-based product ...
Russia: CNBM to buy shares in Eurocement
China National Building Materials Group Corporation (CNBM) plans to become a shareholder of Russian cement producer Eurocement Group, the latter company said in a statement Mon...
Brazil: Votorantim opens BRL860m plant
Votorantim Cimentos opened its 1.2Mta cement plant in Primavera, Pará yesterday. Votorantim expects the plant to reach 50-60 per cent capacity this year. The new works cost B...
Japan: Taiheiyo Cement plans 75MW biomass power plant
Japan's Taiheiyo Cement will construct a biomass-fired unit with 75MW in Ofuna Factory, Iwate prefecture. The new unit is understood to burn domestic and imported biomass fuel....
Ukraine: cement production in May rises 6.7%
Ukraine's State Statistics Service reports that in May 2016, production increased by 6.7 per cent compared to April. For the period January-May 2016 cement production increased...
Azerbaijan: Cement production drops by 30% in year to May
Cement production in Azerbaijan has fallen by 30.3 per cent for the five months to May 2016, Azer press reports. The national statistics committee put the decline in output ...
Vietnam: Viet-Dung Quat cement plant forced to close
Dai Viet-Dung Quat cement plant has been forced to temporarily shut down in the central province of Quang Ngai due to environmental pollution. Since 26 May, the locals have gat...
Pakistan: Environment agency orders two plant closures
Pakistan’s Environmental Protection Agency (EPA) has ordered two cement plants to close for filing to install measures to control dust emissions, according to reports in the lo...
Iran: Turkmenistan exports reach US$1bn
Deputy Minister of Industry, Valiollah Afkhamirad has said that the country's exports to Turkmenistan have reached US$1bn. He added that Tehran is seeking now more than ever to...
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