German cement demand reaches 26.6Mt in 2015
German cement consumption reached approximately 26.6Mt in 2015, some 2.2 per cent less than the previous year, according to German Cement Works Association (VDZ). The outlook f...
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Glenwood PE to acquire Lafarge Halla
South Korea’s Glenwood Private Equity (PE) has inked a deal to acquire Lafarge Halla Cement Corp. from LafargeHolcim Ltd. for about KRW630bn (US$542m), said the company Thursda...
Semen Indonesia sets up Aceh joint venture
PT Semen Indonesia Tbk and PT Samana Citra Agung on 17 March signed agreement to set up a joint venture company, called PT Semen Indonesia Aceh, which will engage in producing ...
Tokyo Cement recommences clinker imports from Japan
Sri-Lanka based Tokyo Cement Group has recommenced clinker imports from Japan for the exclusive use in its ‘NIPPON-PRO’ cement. Dashantha Udawatte, Group Marketing Manager at ...
AfriSam breaks ground on new Lesotho facility
AfriSam has broken ground on a blending and packing facility with an initial capacity of 0.2Mta at the company’s existing distribution centre in Maseru, Lesotho, South Africa. ...
Fitch: West China Cement's weaker operating results outweighed by Anhui Conch's takeover
Fitch Ratings believes West China Cement Ltd's weaker operations – as reflected in the 2015 results – is outweighed by its pending takeover by Anhui Conch Cement Company Limite...
LafargeHolcim: synergies and net debt targets exceeded in 2015
LafargeHolcim’s FY15 results show a 4Q15 net loss of CHF2.86bn (US$2.94bn), including CHF3bn impact of asset impairment and other charges. The company’s net debt level was reco...
Spanish demand up 8.4% in February
Demand for cement in Spain has grown 8.4 per cent YoY to 891,297t in February, according to the latest figures of Oficemen, the country’s cement association. According to Ani...
Irish Cement's AF plans opposed by local Green Party
Irish Cement’s plans to convert its Limerick plant to burn alternative fuels have run into opposition from the local Green Party. Earlier in March, the CRH group company s...
Kenya: Bamburi Cement sees 50% profit hike in 2015
Bamburi Cement’s profit jumped 50.4 per cent YoY to KES5.8bn (US$748m) in 2015 as both domestic and overseas sales saw growth. Operating expenses increased 29 per cent YoY to K...
Ghana to restrict cement imports
The Ghanaian government has announced plans to restrict cement imports into the country with Dr Ekwow Spio-Garbrah, Minister of Trade and Industry, proposing the curtailment. ...
US January shipments - preliminary data
Preliminary data from the US Geological Survey shows that Portland and blended cement shipments in January 2016 amounted to 5.3Mt, including 540,000t of imports. This represent...
Zimbabwe: Filabusi cement plant in planning stages
Local entrepreneurs plan to establish a cement manufacturing company in Filabusi, Insiza district, with a cement capacity of 0.5Mta, according to the Zimbabwe Chronicle. Phila...
Domicem inaugurates new mill
Domicem, owned by Italy’s Colacem, has inaugurated its new vertical mill at its plant in south-central San Cristobal province of the Dominican Republic. The new mill was supp...
Pakistan: APCMA calls for federal exise duty reduction
The All Pakistan Cement Manufacturers Association (APCMA), in its budget proposal, has recommended a reduction in federal excise duty (FED) to be stepped to zero to alleviate t...
PPC eyes longer-term growth outside of Africa
PPC has unveiled a new expansion strategy that envisages doubling the business every 10 years and growing beyond its traditional markets in Africa. In an investor presentati...
Cementir: hearing with creditors and opening of creditors’ vote for Sacci's composition
Cementir Holding has announced that the hearing with creditors for Sacci’s composition, which includes the offer to purchase its business divisions submitted by Cementir Holdin...
Sberbank and Eurocement agree debt restructuring deal
Russia's leading cement producer, Eurocement group, and Sberbank CIB have agreed on conditions for restructuring the company’s loan portfolio. The deal envisages pushing bac...
Philippines: Norzagaray plant inaugurates Horomill grinding mill
Republic Cement & Building Materials Inc inaugurated a 0.85Mta grinding mill at its cement plant in Norzagaray, Bulacan province, Philippines, on Tuesday. Renato Sunico, pres...
Vietnam cement and clinker inventory at 3Mt in Feb
Vietnam's total cement and clinker inventory last month amounted to 3Mt, most of which included clinker, according to local press reports. State-owned Vietnam Cement Industry C...
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