Cimerwa looking to cut costs as it eyes export markets
Busisiwe Legodi, Cimerwa's chief executive officer, has reaffirmed her company’s commitment to developing export markets in neighbouring Burundi and eastern DR Congo. Speaki...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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USA: GCC Dacotah unveils US$90m investment
GCC Dacotah has announced a US$90m investment to upgrade and restart Kiln Line 6 at its cement plant in Rapid City, South Dakota. Mayor Steve Allender welcomed the news. "Const...
Cambodia: work begins on Kampot cement plant
Work started last weekend on Cambodia’s largest cement plant, which will be built in Kampot province with an investment of US$262m by Chip Mong Insee Cement. Chip Mong Insee is...
Vietnam: Hon Quan cement plant under consideration
ThaiGroup JSC, formerly known as Xuan Thanh Group Joint Stock Company, is considering construction of a cement plant in Hin Quan, Vietnam. The investment would be approximatel...
Bahrain: 10% stake in Falcon Cement snapped up
Abu Dhabi Financial Group (ADFG) will buy a 10 per cent of Bahrain-based Falcon Cement Company from the Bahraini Islamic investment bank GFH Financial Group. The US$120m integr...
Lafarge India initiates sale of cement units
French cement-maker Lafarge's India arm has initiated the process of sale of its India business with the appointment of two investment bankers. The business comprising cements ...
HeidelbergCement's refinancing for Italcementi acquisition reduced
HeidelbergCement priced a eurobond issue under its EUR10bn Euro Medium Term Note (EMTN) programme with an issuance volume of EUR1bn and a maturity date of 30 March 2023. The bo...
Malawi to ease ban on cement imports
Malawi's government has relaxed its ban on the importation of cement to protect consumers from exploitation of high prices by the local industry. Following the issuing of impor...
ThyssenKrupp Industrial Solutions to expand in MENA
Thyssenkrupp sees future growth in the MENA, and particularly in Saudi Arabia and Egypt, for its industrial solutions business area. Boris van Thiel, thyssenkrupp's CEO of t...
Ambuja Cement prepares for 6-7% growth in 5 years
India’s second-largest cement producer, Ambuja Cement, expects cement demand to grow by 6-7 per cent in the next five years as the Indian government ramps up infrastructure inv...
ACC forecasts 6% demand growth in 2016
India’s ACC predicts domestic cement demand to rise by six per cent in 2016 as spending on housing and infrastructure increases. The company’s clinker and grinding facilities...
Ecocem to invest EUR5m in two UK terminals
Ireland-based Ecocem will open a new terminal at Runcorn, on the Manchester Ship Canal, to help the company import into the UK, and plans a second terminal later this year in t...
LafargeHolcim brands CRH purchase write-down claims "without merit"
CRH is disputing the value of the assets it purchased in February last year as part of the requirement from competition regulators to allow the creation of LafargeHolcim. Th...
Cement Australia stake up for sale?
One of the two main shareholders of Cement Australia is reported to consider a potential sale of its 50 per cent stake, according to market sources. The value of Cement Aust...
Attock Cement orders second IKN Pendulum cooler
The management of Attock Cement Pakistan Ltd and IKN GmbH agreed a deal for the supply of another latest generation IKN Pendulum Cooler. The cooler with a capacity of 4000tpd...
Ukraine: Pushka Cement reports UAH5.8m loss in 2015
Kramatorsk-based Pushka Cement Plant in the Donetsk region of Ukraine has preliminarily reported loss of UAH5.835m (US$219,364) for 2015. The Eurocement Ukraine subsidiary repo...
New Sandbag report claims ETS is not working
Sandbag, a UK-based think tank, has released a report about the EU Emissions Trading Scheme (ETS) and argues that the ETS has actually led to an extra 15Mt of CO 2 being relea...
Pakistan: new trade policy carries incentive for cement export
Pakistan’s government plans to increase country cement exports and other commodities, in particular though the Strategic Trade Policy Framework (STPF) 2015-18. The governmen...
Indonesia: PT Indocement streamlines operational efficiency
Indonesia's second-largest cement producer, PT Indocement Tungall Prakarsa, has seen its net profit fall decelerate as operational efficiency measures have successfully taken h...
HeidelbergCement improves margins and profit
HeidelbergCement's turnover increased by 6.7 per cent last year to EUR13,465m and the EBITDA improved by a 14.2 per cent to EUR2612.7m and the trading profit advanced by 15.7 p...
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