Fitch affirms Siam Cement at 'A(tha)', Outlook Stable
Fitch Ratings (Thailand) Ltd has affirmed The Siam Cement Public Co Ltd's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior un...
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Martin Marietta Materials reports record full-year net sales and profitability
Martin Marietta Materials Inc reported its results for the 12 months to the end of December 2015 with record full-year net sales and profitability. Consolidated net sales in ...
New Holcim Romania CEO appointed
Sofiane Benmaghnia has been appointed the new CEO of Holcim Romania, effective 1 April 2016. He replaces François Petry who took over as CEO of Aggregates Industries, the UK su...
JK Cement resumes production at Karnataka unit, India
JK Cement has resumed production at its 3Mta facility in Baglakot, Karnataka, after operations were temporarily halted when the roof of a clinker silo caved in. "Production o...
Mexico: Holcim launches new cement
Holcim México has launched a new cement, Holcim Fuerte, on the local market. The product is targeted at the self-construction and housing sector. The new product offers a 30...
LafargeHolcim nominates new chairman of the Board of Directors
LafargeHolcim announced yesterday that Wolfgang Reitzle, chairman of the Board of Directors, has informed the Board that he will not stand for re-election at the company’s May ...
Dangote Cement to target 76.5Mta capacity in Africa by 2020, CEO tells Cemtech 25th anniversary conference
Cemtech’s 25th anniversary celebrations have commenced as the international conference and exhibition series opens its doors in Dubai, UAE, for its annual Cemtech Middle East &...
Oil prices tumble, demand rises
As the oil market is supplied with considerable volumes from US shale oil to ramped up production in Saudi Arabia and Iraq, oil prices have tumbled in the past six months. On t...
LafargeHolcim receives revised divestment order from India
LafargeHolcim has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants and two grindin...
FLSmidth receives large cement order in Algeria
FLSmidth has signed an EPC (Engineering, Procurement and Construction) contract with a value of more than EUR200m with SARL Amouda Ingineering for the supply of a greenfield ce...
Pakistan: cement export volumes down by almost one-third in 6MFY15-16
Pakistan recorded a marked fall in exports over the first six months of the current fiscal, largely on the back of weaker demand and increased competition. Export revenues w...
PCA: low crude prices impact oil well cement consumption
With oil prices having declined dramatically since mid-2014 due to a combination of global supply and demand issues, the implications for the US economy, as well as for cement ...
Domestic sales drive Pakistan dispatch growth
Pakistan cement dispatches increased by 6.38 per cent to 21.3Mt in the first seven months of the current fiscal compared to 20Mt in the corresponding period of FY14-15, accordi...
Russia's Sberbank sells 6.12% stake in LafargeHolcim
Russia's Sberbank confirmed on Friday it had sold a 6.12 per cent stake in LafargeHolcim to a group of foreign investors. Sberbank acquired a 6.12 per cent stake in LafargeHol...
Saudi Cement Co to temporarily halt Kiln Line 6
Saudi Cement Co has decided to temporarily stop kiln 6, which has a capacity of 3500tpd, until domestic market conditions improve, including the lifting of the export ban. T...
Akmenes posts decline in 2015 revenue
Lithuania's sole cement manufacturer Akmenes Cementas posted a decline of around six per cent in 2015 revenue to EUR55.4m from EUR59.2m a year earlier. Nearly 50 per cent of...
Argentina monthly demand down 7.5 per cent YoY
Argentina’s cement demand fell 7.5 per cent YoY and eight per cent MoM to 858,453t in January 2016, according to figures published by AFCP, the country’s cement association. Ex...
Cemex outlines 2016 investment spend
Cemex plans to invest US$700m in various maintenance and expansion projects in 2016, according to Fernando González, CEO of Cemex. Of the total sum US$450m will be allocated ...
Cemex reports positive net income for the first time in six years
Cemex announced yesterday that, on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, consolidated net sales increased by two per cent dur...
Cemex Latin American Holdings profits drop 65%
Cemex Latin American Holdings saw turnover decline by 17.3 per cent to US$1427.1m and EBITDA dropped by 22 per cent to US$449.8m with the margin declining from 33.5 to 31.5 per...
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