India: two new cement plant sites could go to auction
Two proposed cement plants at Gumma, Chaupal, in the Shimla district and at Nauradhar in the Sirmaur district of Himachal Pradesh, India, could be sold via public auction. Th...
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Pakistan: Attock Cement selects Hefei for new plant
Attock Cement Pakistan Ltd has awarded a contract to Hefei Cement Research and Design Institute (China) for a new 4000tpd plant in Hub, Balochistan, the cement producer said. ...
India: average price declines in December
The average cement price in India declined by 7.3 per cent YoY in December mainly due to weak demand, according to a report by Reliance Securities published in the Economic Tim...
Algeria’s GICA plans to produce 23Mt in 2019
Algerian cement producer, Groupe Industriel des ciments d’Algerie (GICA) expects to increase its cement capacity in four plants and build a further two works. This will raise c...
China Shanshui Cement regains control of Shandong Shanshui Cement
China Shanshui Cement Group Ltd said Monday it has regained control of Shandong Shanshui Cement Group Co, but three former directors of Shandong Shanshui and a group of people ...
Egypt's Ministry of Industry to issue a condition of contract for new production licences
Egypt's Minister of Industry and Foreign Trade, Tarek Qabil, announced that the ministry would issue conditions for tender documents and requirement specifications of cement pr...
Jaypee gets green nod to expand limestone mining in Andhra Pradesh
Jaypee Cement has received the green approval for expansion of limestone mining capacity from 3.47Mta to 6Mta in Andhra Pradesh, entailing an investment of INR950m (US14.3m). ...
Cimpor sells a minority stake in Paraguay producer
Cimpor has sold a 16 per cent stake in Ygauazu Cementos of Paraguay for a total of EUR32m, the company announced in a statement. The sale reflects a 14x EBITDA multiple. Cimpor...
ARM in talks with international institutional investor
Kenyan producer ARM Cement is in ongoing talks with a strategic investor to support its expansion plan. The investment will be in the form of preference shares which may be con...
Ferus Smit delivers world’s first LNG-powered cement tanker
In the weeks before Christmas 2015, Ferus Smit delivered her Nb. 423, the first LNG powered cement tanker to her owners. The delivery was preceded by an extensive programme ...
Production in construction up by 0.5 per cent in euro area
In October 2015 compared with September 2015, seasonally adjusted production in the construction sector increased by 0.5 per cent in the euro area (EA19) and by 0.1 per cent in...
New Cameroon plant agreement signed
The Switzerland-based Mira company is reportedly looking to construct a new cement plant in Douala, Cameroon, under an agreement signed with the government, local press have re...
Brazil November sales update
Preliminary industry data and market estimates published by Sindicato Nacional da Indústria do Cimento (SNIC) indicate that cement sales in the Brazilian cement market reached ...
Hahn & Company to buy Ssangyong Cement
Hahn & Co, Korea’s leading private equity group, has been selected as the preferred bidder for a 46.14 per cent stake in Ssangyong Cement. Hahn & Company already owns part of t...
Saudi Cement shuts down two kilns
Saudi Cement Co has closed down two kilns indefinitely as a result of high inventory, absence of growth in Saudi demand and the continuing ban on exports, it said in a bourse s...
Cementir outbids Buzzi to buy Sacci
Shares of Italian cement group Buzzi Unicem fell after Cementir outbid its offer for the cement and ready-mix concrete business units of the Italian group Sacci SpA. Sacci has...
Cimpor sells quarries in Brazil
Polimix Concreto, Ltda., a Brazil-based producer of cement and concrete products, has acquired the Guarulhos and Barueri quarries in Sao Paulo, Brazil from Cimpor - Cimentos de...
Shansui Cement management in turmoil
China Shanshui Cement Group, which last month defaulted on a CNY2bn bond and saw its entire board ousted early this month, says it has reported the loss of key documents, data ...
Jaypee Group’s cement assets up for grabs
Jaypee Group is planning for an outright sale of its 20Mt portfolio of cement assets worth an estimated INR190 (US$2.86bn) enterprise valuation. UltraTech, Dalmia Bharat backe...
Vietnam production increases by nearly 11 per cent in 2015
Vietnam is estimated to have produced 67.9Mt of cement in 2015, up 10.7 per cent from a year ago, including 6.6Mt in December, up 11.9 per cent, the government-run General Stat...
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