CRH faces investor opposition over CEO pay
Institutional Shareholder Services (ISS) has told investors in CRH to vote against the remuneration plan for Albert Manifold, the firm’s chief executive, according to reports b...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
US cement shipments up 26% YoY in February
Preliminary data from the US Geological Survey shows that Portland and blended cement shipments in February 2016 amounted to 6.0Mt, including 630,000t of imports. These figures...
Germany: thyssenkrupp to install new kiln line at Schelklingen
Engineering firm thyssenkrupp has signed a deal with HeidelbergCement to install a new 4500tpd kiln line at the latter's Schelklingen plant in Baden-Württemberg. The new line i...
Dangote: 1Q2016 profits down 22% as volumes rise 70%
Dangote Cement has released its results for the year to March 31 2016. During this period volume sales grew 69.6 per cent to 6.4Mt, while profits slipped from NGN70bn (US$352m)...
Russia: Ninth PetroCem conference gets underway
The ninth PetroCem Conference and Exhibition opened its doors on Monday when Russia's cement industry and more than 500 international delegates met for discussions in St Peters...
Cementos Molins plans US$189mn investment in Argentina
Cementos Molins SA, Spain, the main stakeholder in Argentina's Cementos Avellaneda, said on Monday it plans to invest US$189mn to expand production at the company's local facil...
Cemex offers to buy back up to $400 mln in debt
Cemex, Mexico, said on Monday it had launched an offer to buy back up to US$400mn of debt on senior note issues due to mature in 2018, 2019 and 2022. The company said in a sta...
Pakistan: Exports fall 24% in first nine months of 2015/16
Pakistan’s cement exports fell during 9MFY2016 on a YoY basis dropping by 24.4 per cent in volume terms and 28.9 per cent in US dollar values. Figures released by the Pakist...
Lucky Cement posts PKR9.61bn net profit in nine months
Lucky Cement Limited, Pakistan, reported net profit of PKR9.61bn (US$91.72m) for the nine months ended March 31, 2016, which is 3.3 percent higher than the same period last yea...
UltraTech profits rise 10% in 1Q16, operational costs cut
UltraTech Cement, India reported a 10 per cent YoY rise in consolidated profit after tax for the quarter ended March. The company reported a consolidated net profit of INR7230m...
DG Khan Cement announces INR2.29bn profit, up 16%
DG Khan Cement on Friday announced a net profit of INR2.29bn (US$34.32m) in the third quarter of fiscal year 2015-16 (3QFY16), up 16 per cent compared to INR1.98bn in the same ...
Morgan Stanley: cement consumption to grow 4% YoY to 2020
New research from Morgan Stanley predicts that worldwide cement demand excluding China has turned a corner and will grow at an annualised rate of four per cent between 2016 and...
LafargeHolcim considering Vietnam exit
LafargeHolcim Group, a joint venture between Swiss Holcim Ltd. and French Lafarge Group, may withdraw from Vietnam due to oversupply of cement in the domestic market, said Nguy...
Lucky Cement land acquisition is legal
Land acquired by Lucky Cement, Pakistan, in a Buchal Kalan, Kallar Kahar, Punjab for a new cement factory has been declared legal, according to a report in The Express Tribune....
Qatar National first quarter profits slip
Qatar National Cement Co. has released an interim financial statement for the three-month period ended March 31, 2016. The statements show that the net profit over the period f...
Umar appointed new MD of AshakaCem
AshakaCem, a subsidiary of Lafarge Africa and member of the LafargeHolcim group, has appointed Alhaji Rabiu Abdullahi Umar as its new Managing Director. In a statement release...
Italcementi workers presents demands
The Italian unions Feneal Uil, Filca Cisl and Cgil Fillea representing Italcementi cement workers, have announced a strike in response to the industrial plan proposed by the go...
Semen Indonesia signs cost-cutting deal with Pertamina
Semen Indonesia (SI) has signed an agreement with oil and gas firm Pertamina that will see the latter provide oil for SI’s needs in production, transportation and logistics. ...
China Resources Cement sees profits fall by 99%
China Resources Cement (CRC) has seen profits attributable to owners fall by 99 per cent to HKD6.6m (US$850,000) for the first three months of 2016 as compared to the same peri...
Cemex Latam Holdings SA's 1Q16 sales down 11%
Cemex Latam Holdings SA (CLH) announced today that consolidated net sales reached US$316m during the 1Q16, a decline of 11 per cent versus 1Q15. This decline is mainly explaine...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
