Yanbu Cement Co nine-month net profit down 2%
Saudi-based Yanbu Cement Company reported a two per cent decline in net profit over the first nine months of 2015 to SAR597m (US$159m), compared to SAR609m in the same period o...
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Vicem Hoang Mai Cement plans new plant, Vietnam
Vicem Hoang Mai Cement JSC has announced plans to build a cement factory at an estimated cost of VND10.8trn (US$480m) in the central Vietnam province of Nghe An. The Hoang Mai...
Dominican Republic: Cemex introduces social and business programme
Cemex has introduced its inclusive social and business programme portfolio in the Dominican Republic in order to improve access to housing, employment, construction and assiste...
Huaxin Cement to launch 5Mta project in Kazakhstan
Shanghai-listed Huaxin Cement Co, Ltd will erect a cement project with a capacity of 5Mta in Kazakhstan. The new dry-process cement production line will start construction by t...
S&P raises Italcementi outlook to positive
Standard & Poor's (S&P) has raised its outlook on Italcementi and its French subsidiary Ciments Francais to positive from stable. The BB/B ratings are affirmed. The outlook re...
South Africa 2Q volumes edge ahead
Domestic cement demand in South Africa increased by 1.5 per cent YoY to 3.08Mt in the second quarter of 2015, according to a volume update posted on PPC’s website yesterday. T...
Pakistan: August export volumes and revenue down YoY
Pakistan exported 558,049t of cement on revenues of US$32.08m in August 2015, down 42.88 and 44.36 per cent in terms of volume and revenue on a YoY basis, according to the coun...
Saudi Arabia: Qassim Cement sees 6% rise in 3Q profit
Saudi-based producer Qassim Cement reported a six per cent rise in third-quarter profit to SAR115m (US$30.7m), versus SAR109m in the same quarter of last year, according to a b...
Tanzania: Dangote Cement awards 150,000t coal contract to Tancoal
Dangote Cement in Tanzania awarded Tancoal Energy Ltd, part of Australia’s Intra Energy Corp Ltd, the contract for more than 150,000t of coal, which will be supplied over the c...
Vietnam may fall short of full-year export target
Vietnam’s cement sector is unlikely to fulfill this year’s export target of over 20Mt of cement and clinker, the Vietnam National Cement Association (VNCA) said. Cement and cl...
Cementos Portland Valderrivas appoints new directors
Cementos Portland Valderrivas (CPV), part of Spain’s FCC, has appointed Carlos Manuel Jarque, current CEO of FCC, and Juan Rodriguez Torres, FCC adviser and newly-appointed non...
China: BBMG to issue CNY1bn medium term notes
Cement producer and property developer BBMG Corporation announced that it will issue CNY1bn (US$157.6m) medium term notes on the interbank market on 14 October 2015 to be used ...
Taiheiyo Cement selected for second consecutive year for DJSI Asia Pacific
Taiheiyo Cement was selected for the second consecutive year as a component of the Dow Jones Sustainability Asia/Pacific Index (DJSI Asia Pacific) in 2015. This index is the A...
Preliminary Pakistan data indicates September sales decline
Total cement industry dispatches in the month of September 2015 have decreased by eight per cent YoY, dragged down by a steep fall in exports, according to provisional cement s...
Reliance Group to exit cement business?
The Reliance Group has decided to exit the cement business by putting privately-held Reliance Cements up for sale, the Economic Times of India reports. Reliance Group has rece...
Estanda surpervises Mozambique cement mill assembly
Estanda reported that in August it supervised the assembly of a cement mill for Intercement's plant in Mozambique. This cement mill project incorporated design and redesign o...
Aalborg welcomes decision to phase out NOx tax
Following Denmark's Budget 2016 announcement, domestic cement producer Aalborg Portland has “warmly” welcomed the government's decision to phase out the NOx tax from 1 July 201...
HSBC lowers China Resources Cement target price
HSBC Global Research lowered its target price for China Resources Cement to HKD4.30 from HKD4.40 and maintained its "hold" rating. CRC recently said that based on the prelimin...
China Resources Cement issues profit warning
China Resources Cement (CRC) has said that based on the preliminary assessment of the group’s unaudited consolidated management accounts for the nine months ended 30 September ...
World Bank/Ecofys affirms sensitivity of cement sector to carbon leakage
While other factors such as raw materials, energy, labour and knowledge also have to be considered in terms of carbon leakage, the impact of carbon pricing on a cost-competitiv...
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