India: government to relax mining lease transfer rules
The government of India plans to enact a law that will allow companies that received mining licences without having gone through the auction process to transfer these leases, l...
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Arkan appoints new chief operating officer, UAE
Arkan Building Materials, a leading construction and building materials company in the UAE, has appointed Abdelaziz Asad as its new chief operating officer. Mr Asad, a UAE nat...
HeidelbergCement starts new CI programme
HeidelbergCement has started its Aggregates-CI programme (Continuous Improvement) to continuously optimise the operational and commercial working processes in the area of aggre...
ABB to supply Semen Bosowa Maros
ABB has won an order from Tianjin Cement Industry Design & Research Institute Co Ltd, a subsidiary of the Sinoma Group (China), for its variable-speed drive solution for a dua...
Fitch Affirms Cementos Pacasmayo at 'BBB-'; Outlook Stable
Fitch Ratings has affirmed the ratings of Peruvian producer Cementos Pacasmayo at 'BBB-'. The Rating Outlook remains Stable. The ratings reflect the company's solid business...
Emami places order for third Gebr Pfeiffer cement mill
Emami Cement Ltd has placed an order for a Gebr Pfeiffer grinding plant which will be installed in Odisha state, India. The contract includes an MVR 6000 C-6 with an installed...
HeidelbergCement Ukraine appoints Thiede as board chairperson
HeidelbergCement Ukraine, has appointed Silvio Thiede as chairperson of the board, the company said in a statement published by the Ukrainian News Agency. On 4 January the sup...
Vicem sets 2016 export target
Vietnam's largest cement producer, Vicem, has set an export target of 3Mt in 2016, comprising 1Mt of cement and 2Mt of clinker. In 2015 Vicem exported 2.1Mt, including 860,000t...
CRH exits Israeli operations
CRH confirmed it has exited the Israeli market, having sold its 25 per cent equity stake in its Israeli operations. Nesher Cement is majority-owned by Clal Industries (7...
FLSmidth announces new orders in the Americas
FLSmidth has announced three new orders at cement plants in Canada, Colombia and Bolivia. Lehigh Hanson Materials Ltd Lehigh Hanson Materials Ltd, owned by HeidelbergCem...
Argentina’s demand rises 3.6% YoY in December
In December 2015 Argentina’s cement producers dispatched 937,907t of cement, including exports, which represents a fall of 5.9 per cent MoM but a 3.6 per cent increase YoY, acc...
Pakistan records increased domestic dispatches in first six months
Pakistan cement industry saw noticeable growth during the first six months of the current fiscal on the back of higher domestic demand. The data released by the All Pakistan C...
Changes to Arawak Cement Co's executive board, Barbados
Rupert Greene has resigned from his position as general manager of Arawak Cement Co Ltd (ACCL), effective 31 December 2015. ACCL, a wholly-owned subsidiary of the Trinidad C...
Yanbu Cement Co 4Q15 net profit up 8.3% YoY
Saudi producer Yanbu Cement Co posted 8.3 per cent YoY growth in net profit to SAR209m (US$55.6m) for the fourth quarter of 2015, up from SAR193m in the prior-year period. The ...
Fitch: Shanshui's rating unaffected by plan to buy back USD bonds
Fitch Ratings says that China Shanshui Cement Group Ltd's announcement that it intends to offer to repurchase its US$500m 7.5 per cent senior notes due 2020 (2020 notes) does n...
CRH confirms total disposal proceeds of EUR1bn for 2015
CRH plc confirmed today total disposal proceeds of approximately EUR1bn in 2015. This comprises the previously announced sale of its clay and concrete products operations in th...
Paraguay: demand up 8%, prices to fall 15%
In 2015 Paraguayan cement producer Industria Nacional del Cemento (INC) sold 12.4m bags of cement, an increase of eight per cent YoY, according to Jorge Méndez, CEO of INC. M...
Credit Suisse upgrades China Resources Cement rating
Credit Suisse raised its target price for China Resources Cement (CRC) at HKD3 (US$0.39), but upgraded its rating from "neutral" to "outperform". The research house cited its ...
Domestic deliveries drive Vicem's 11-month sales rise
Vietnam Cement Industry Corporation (Vicem), the country’s leading cement producer, sold 20.06Mt of cement and clinker in the first 11 months of 2015, up 2.9 per cent from a ye...
Saudi Arabia: Qassim Cement Co 4Q net rises 4.6%
Qassim Cement Co recorded net earnings of SAR141m (US$37.5m) during the fourth quarter of 2015, a rise of 4.6 per cent from SAR134m in the year-ago period. Full-year net earni...
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