Semen Padang: 2016 Indonesia sales forecast up 6%
Cement demand in Indonesia is expected to rise by 5.5-6 per cent in 2016, according to Semen Padang's marketing director, Pudjo Suseno. Sales on the island of Sumatra, where...
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Pakistan exports fall 25% in 5MFY15-16
Cement exports from Pakistan have fallen by more than 25 per cent in the first five months of the current fiscal year. Between July and November 2015 cement exports reached 2.5...
Nepal approves Chinese US$140m cement plant
Nepal has endorsed a foreign direct investment (FDI) proposal by China’s Huaxin Cement Co to establish a cement plant in Nepal. The US$140m cement works project is in partnersh...
Pakistan gypsum shortage concern
As Pakistan’s cement consumption rises, the country’s cement producers have voiced their concerns about dwindling reserves of gypsum and unchecked exports of the raw material t...
Italcementi sells Italgen and BravoSolution to parent
In connection with the agreement between its parent Italmobiliare and HeidelbergCement announced by Italmobiliare on 28 July 2015, the Italcementi Board of Directors today appr...
Thailand’s SCG to invest US$200m in Cambodia building materials sector
Siam Cement Group (SCG) will invest US$200m to expand its operations in Cambodia between 2016-20. The company will focus on the cement and building materials sectors, which h...
UltraTech appoints K K Maheshwari as MD
UltraTech Cement appoints K K Maheshwari as Managing Director and Additional Director for a period of four with effect from 1 April 2016. Mr Maheshwari is a chartered accounta...
Limak plans EUR1bn Africa spending spree
Turkey's Limak Cement is currently in talks to acquire African cement operations to the value of EUR1bn, according to senior executive quoted by Reuters. While there was no cer...
CEMBUREAU: recovery continues in 3Q15
The third quarter of 2015 saw no GDP recession anywhere across the EU, according to the European cement association, CEMBUREAU, which published its Quarterly Economic Report fo...
APCMA asks to impose 20% regulatory duty on Iranian cement
All Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Finance to impose regulatory duty on cement imports from Iran to save the local industry. In...
India: Petron Engineering wins contract from Ramco
Mumbai-based Petron Engineering Construction Ltd has informed the local stock exchange earlier this week that it has received a Letter of Intent from Ramco Cements for civil an...
Ssangyong Cement creditors reject Taiheiyo offer
The administration responsible for selling South Korea's Ssangyong Cement is likely to reject an offer made by Japan’s Taiheiyo Cement Corp, Ssangyong’s second-largest sharehol...
Vietnam: La Hien hits 2015 target
Vietnam’s La Hien Cement Joint Stock Co has reached its 2015 production and sales targets. By 14 December, the company had produced and sold 652,148t of cement, surpassing the ...
Optimism returns to US and wider markets
This week saw the first rise in US interest rates in seven years as the US Federal Reserve signalled its belief that the economy was getting back on its feet and that the finan...
US cement prices to see 8% growth in 2015
Following the Great Recession when US cement prices contracted for five years, they appear to be back in the lift. In 2013-14 domestic prices increased by five per cent YoY...
Lafarge Zambia to raise cement exports to DR Congo
Cement exports to the Democratic Republic of Congo (DRC) are expected to increase after Lafarge Cement Zambia Plc drew up an agreement with Zambia Railways Ltd (ZRL) to export ...
UltraTech Cement 2Q net profit up
UltraTech Cement Ltd has reported that net profit after taxes and minority interest for the second quarter ended 30 September 2015 was INR4.27bn (US$64m), or INR15.55 per dilut...
Votorantim's Cubatão plant affected by steel closure
Following the closure of the Usiminas steel works in São Paulo, Votorantim Cimentos' Cubatão cement plant will no longer be supplied with steel slag from the Brazilian steel pr...
Fiji's construction sector is thriving
Construction activity continues to thrive as revealed by partial indicators of the Reserve Bank of Fiji. The central bank revealed that up to September 2015 domestic cement sa...
CMA consults on cement price announcement order
The Competition and Markets Authority (CMA) has said it is consulting on a further draft order to prohibit Great Britain cement suppliers from sending price announcement lette...
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