South Africa: PPC shares drop
PPC Ltd shares plunged after it said talks with a credit ratings agency will probably lead to a downgrade. The company is preparing a capital raising of ZAR4bn (US$254m) to be ...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Creditors seek to sell Hyundai Cement stake
Creditors of Hyundai Cement seek to sell their majority stake in the South Korean cement producer as early as July, according to local news reports. State-run Korea Developm...
China: West China Cement to agree to Anhui Conch ownership
Yesterday, shares in West China Cement rose nearly six per cent on news that a sufficient majority of option-holders had agreed to an acquisition by largest listed Chinese peer...
LafargeHolcim appoints head of organisation and Algeria CEO
LafargeHolcim has appointmented Caroline Luscombe as the group’s new head of organisation and human resources and member of the executive committee from 1 July 2016, based in Z...
Bangladesh remains Vietnam's strongest export market
From January to April, Vietnam exported 5.99Mt of cement and clinker to Bangladesh, which remains Vietnam's largest export market with US$64.46m. The Philippines (US$58.47m), ...
France: Daniel Group to buy Lafarge quarries
Daniel Group is to buy three assets of Lafarge in France. The Baudreix-Mirepeix site comprises a 200,000tpa alluvial gravel quarry and a concrete plant. The agreement will also...
Spain: April cement demand contracts 3.3%
Cement consumption in Spain fell 3.3 per cent YoY in April, slipping to 946,329t, according to Oficemen. The latest data bring the figures for the first four months of 2016 ...
Rwanda: rail and energy projects to boost cement demand
The Rwandan government’s announcement of two major infrastructure projects is set to be a boon for the country’s cement producers, the Mail and Guardian Africa reports. The ...
Iraq promises to remove Iran import ban
Iraq has promised to remove the ban placed on Iranian cement imports, according to Adolreza Sheikhan, secretary of Iran's Cement Industry Employers Association. Following me...
Indonesia: PT Semen Baturaja acquires syndicated plant loan
Semen Baturaja plans an IDR3.32trn (US$245m) unit in Baturaja, Ogan Komering Ulu, South Sumatra and to carry this project the company has sought a loan from PT Bank Negara Indo...
Lafarge Africa appoints new group managing director
Lafarge Africa Plc has announced the appointment of Michel Puchercos as its new group managing director/CEO. A French national, Mr Puchercos has worked in South Korea, Kenya...
Russia: Spassktsement net profit falls to RUB365.25m in 2015
Net profit of Spassktsement OAO fell to RUB365.25m (US$5.45m) in 2015, a drop from RUB1.05bn over the same period in 2014, the company reported. Revenue increased in the accou...
Pakistan: Dewan denies sale of 50% stake
It has been rumoured that 50 per cent of Dewan Cement Ltd (DCL) shares are being sold to undisclosed strategic buyers. As a result the company’s share value and volume experien...
Philippines 1Q16 cement sales up 13%
Philippines cement sales increased by 12.8 per cent YoY in the first quarter of 2016, according to Ernesto Ordoñez, President of the Cement Manufacturers' Association of the Ph...
India: petition fails to stop Birla Corp and Reliance deal
Calcutta High Court justice Jyotirmoy Bhattacharya on Thursday dismissed petitions filed by a Birla faction seeking injunction in Birla Corporation's (Birla Corp) plan to buy R...
India: Ramco 4Q16 results
Ramco Cements has announced a more than two-fold increase in its net profit to INR2bn (US$30m) for the its fourth quarter ended 31 March 2016, compared to INR934m (US$13.8m) fo...
Egypt: Helwan Cement Company orders Gebr Pfeiffer mill
The Helwan Cement Company, an Italcementi subsidiary, has ordered a new Gebr Pfeiffer coal mill for its cement works. Delivery of the mill will start as early as the end of 201...
Bangladesh: FDI from Netherlands
Bangladesh’s cement sector attracted foreign direct investment (FDI) of US$31.3m in 2015, according to a Bangladesh Central Bank report. This figure is up 41.5 per cent from th...
USA: FCT wins burner orders for Lehigh and Graymont
Lehigh Cement, Redding, USA, part of the HeildebergCement Group, has awarded FCT Combustion an order for its TURBUJET™ burner for coal and petcoke, natural fas and solid wastes...
India: Positive outlook for growth, but challenges remain
Cement consumption in India doubled between 2005 and 2015, but still lags behind China’s at a comparable stage of development. In 2001, the World Bank calculations put China’s ...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
