Anhui Conch still outperforming rivals, claims Fitch
Fitch Ratings claims that Anhui Conch Cement Company Ltd has maintained its financial strength and improved its market share in 2015, despite seeing a sharp decline in its dome...
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Cemex to invest in seven energy projects
Cemex has plans for seven energy projects in Mexico, including wind parks, according to its CEO, Fernando González Olivieri. The structure of the investment would run along s...
Brazil: Votorantim Cimentos downgraded to BBB-
Fitch Ratings has downgraded the foreign currency Issuer Default Rating (IDR) and senior unsecured rating of Votorantim Cimentos to 'BBB-' from 'BBB'. The rating outlook remain...
OCL invests in West Bengal's first solar power plant
OCL India, part of the Dalmia Bharat Group, has inaugurated West Bengal’s first and largest solar power plant. The 5.5MW photovoltaic plant will deliver power to its grinding u...
Anhui Conch sees growth in overseas markets
Anhui Conch recently released its FY15 results with an considerable profit fall of 32 per cent. Despite being a leading Chinese cement producer the company has certainly felt t...
China Shanshui Cement loses almost US$1bn in 2015
China Shanshui Cement Group has declared a full-year net loss of US$988m for 2015 following a troubled year for the company that included the replacement of its entire board in...
CRH and HeidelbergCement named in West Bank lawsuit
CRH and HeidelbergCement are among a number of defendants named in a US$34.5bn lawsuit brought on behalf of Palestinians by US lawyers in Washington DC. The case, which was ...
Colombia's cement market expands 6% in Feb 2016
Colombia's cement consumption in February rose by 6.1 per cent YoY to 1.046Mt from 0.987Mt the previous year, according to the country's statistics office, DANE. Building co...
Chile: Bío Bío sees 4.2% profit rise in 2015
Chilean cement producer Cementos Bío Bío saw its profits rise by 4.17 per cent to CLP21,141.17m (US$31.32m) in 2015 when compared with CLP20,295.75m noted the previous year. ...
Lafarge inaugurates new solid waste grinding unit in France
Lafarge has inaugurated a new solid waste grinding facility at its Saint-Pierre-la-Cour cement works in Mayenne, France. The new unit will help the French cement producer to in...
PPC appoint Peter Nelson as new chairman
South African-based PPC has appointed Peter Nelson as interim chairman of the listed cement and lime producer, following the retirement of former chairman, Bheki Sibiya, at the...
India: UltraTech purchase of 22.4Mta capacity set to be announced
UltraTech Cement, already India's largest cement producer, is expected to confirm its purchase of Jaiprakash Associates' cement business. A report by CNBC-TV18 states that t...
Iran offers export of cement to Pakistan under barter
Iran has reportedly offered to export cement on barter basis following a trade mission to Pakistan, led by the country's president, Hassan Rouhani. Pakistan's Ministry of Comm...
PCA revises down 2016 US consumption forecast
Cement consumption in the United States will continue to rise by 3.4 per cent, according to a report from the Portland Cement Association (PCA). This is down slightly compar...
LafargeHolcim’s US$3bn spin-off in the making?
LafargeHolcim is reported to have chosen Citi and JP Morgan to explore the sale of its US$3bn Australasian operations, according to the Business Spectator. The news follows ...
India: railway holds talks with cement industry
Ravindra Gupta, general manager of South Central Railway (SCR), met with the domestic cement industry to assure them of all possible help from the railways to improve the movem...
Kenya: ARM nears final talks with foreign investor
Kenya's ARM Cement Ltd expects to conclude talks on a foreign investor taking a US$140m stake in the company by 15 April. The investment is expected to be concluded by June, t...
Turkey: Aumund to supply Çimsa Cimento
The Turkish Çimsa Cimento ordered 24 Aumund machines for the mill at Çimsa, including 18 deep drawn pan conveyors, five bucket elevators with central chain and a pivoting pan c...
Myanmar: revived factory plans draw protesters
Hundreds of locals in the Karen State capital Hpa-an gathered on Tuesday to voice objections to a recently-revived proposal there to develop a limestone quarry and cement facto...
LafargeHolcim to target emerging markets
LafargeHolcim Ltd is confident that a rally will continue in emerging markets this year. Higher cement buying in countries such as India, Indonesia, the Philippines and Vietnam...
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