Siam Cement Group eyes Vietnam expansion
Thailand's Siam Cement Group plans to expand its operations in Vietnam, especially in the cement and petrochemical sectors. "Our target is that we must have a cement factory ...
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Russian Sberbank gets 6% of LH from Eurocement in repurchase deal
Sberbank CIB, the investment banking arm of Russian lender Sberbank, announced on Friday it now holds six per cent of LafargeHolcim following a repurchase deal with Russian Eur...
Loesche wins Vietnamese grinding order
Hoang Phat Vissai Group Co Ltd has placed an order for four Loesche mills via Sinoma for raw material and finish grinding. For grinding raw material to a fineness of 12 per ce...
China Shanshui Cement defaults on CNY1.8bn bond
China Shanshui has defaulted on a CNY1.8bn three-year bond carrying an annual interest rate of 5.4 per cent that matured on Thursday, the South China Morning Post reports. The...
Dem Rep Congo: cement price notes 10.6% drop in Kinshasa
The price of cement in the Kinshasa market experienced a -10.6 per cent fall. The price of a 50kg bag fell from CDF12,300 (US$13.34) to CDF11,000. The price fall is due to ...
CPA: Construction products sales slow in 4Q but 'optimism for 2016 remains'
The Construction Product Association’s latest State of Trade Survey reports a slowdown in growth in sales of construction products in the fourth quarter of 2015, owing to domes...
Turkey: Askale orders KHD's COMFLEX roller press system for two cement plants
Askale Cimento has awarded KHD with an order for two new COMFLEX® grinding units at the Turkish cement producer's Akoluk and Bilecik plants. At the Akoluk works, the new COM...
New senior vice president announced to lead Tarmac business
Martin Riley, former managing director of Tarmac’s Aggregates & Asphalt business, has been appointed senior vice president of Tarmac. Cyrille Ragoucy has left the business afte...
LafargeHolcim planning potential disposal in South Korea
Glenwood Private Equity is in talks to buy South Korea-based Lafarge Halla Cement in cooperation with Eugene Group, the country’s largest ready-mixed concrete manufacturer, and...
Indonesia: exports offset slower domestic sales
Cement industry statistics show that full-year 2015 consumption in Indonesia increased by 0.8 per cent YoY to 60.4Mt, while including exports, sales were up by 2.1 per cent to ...
Cemex sets Dominican production record
Cemex has achieved a production of 2.2Mt of cement in its San Pedro de Macorís plant in the Dominican Republic. The figure is significantly above the rolling average of 1.8Mt o...
Saudi: Umm Al-Qura Cement Co net loss narrows
Umm Al-Qura Cement Co saw its full-year net loss narrow in 2015 to SAR24.07m compared to a net loss of SAR28m a year earlier. Operating losses were also down to SAR21.96m, co...
Tunisia: Ciments de Bizerte sees 1.78% turnover rise in 2015
Tunisia’s Les Ciments de Bizerte posted a turnover of TND57.177bn (US$27.9bn) in 2015, up 1.78 per cent YoY. Domestic turnover saw a rise of 14.83 per cent to TND56.9m while...
QNCC full-year profit up 10%
Qatar National Cement Company (QNCC) reported a 10.28 per cent rise in net profit to QAR463.5m (US$127.3m) for the 12 months to the end of December 2015 compared to QAR420.3m i...
US recovery to hold firm?
With this week seeing equity markets in turmoil and concerns over global economic growth conditions intensifying, question marks have been raised over whether US construction a...
Construction output 0.8% in euro area
In November 2015 compared with October 2015, seasonally-adjusted production in the construction sector increased by 0.8 per cent in the euro area (EA19) and by 0.7 per cent in ...
US November shipments - preliminary data
Preliminary data from the US Geological Survey shows that Portland and blended cement shipments in November 2015 reached 7.3Mt including 767,000t of imports. Shipments for the...
Hanson UK appoints new CEO
Daniel Cooper has been appointed chief executive officer of Hanson UK, replacing Patrick O’Shea, who stepped down at Christmas after eight years at the head of the construction...
Bolivia: Oruro plant online in 2017
Work on the new Oruro cement works in Caracollo, owned by Empresa Pública Productiva Cementos de Bolivia (Ecebol), is steadily progressing. Following an inspection of the co...
New Cameroon plant agreement signed
Mira Company has signed an agreement with the Cameroon’s Ministry of Industry and Technological Development to construct a 1Mta cement plant in Douala. The deal allows the Swis...
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