CRH plc announces change of role for Board member
CRH plc announces that Mark Towe, currently president and chief executive of Oldcastle, will assume the new role of chairman, CRH Americas. He will work with the group chief ex...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Morgan cuts CR Cement target price
Morgan Stanley lowered its target price for China Resources Cement (CRC) to HK$5.1 from HK$5.6, and maintained its "overweight" rating. The research house said the slow seaso...
Colombian market expands 8.8% in July
Growth in Colombian cement demand continues as dispatches increased 8.8 per cent YoY to 1.152Mt, according to DANE, the country's statistics office. Key markets were Antioquia ...
Qalaa Holdings first-half revenues up by a third, Egypt
Qalaa Holdings (formerly Citadel Capital) released its consolidated financial results for the quarter ending 30 June 2015, reporting revenues of EGP2086.8m, up 33.7 per cent c...
UltraTech commissions Haryana grinding plant, India
UltraTech Cement has commissioned a 1.6Mta grinding unit at Jhajjhar in the northern Indian state of Haryana, lifting the company's total cement capacity to 63.1Mta. Clinker ...
PT Semen Baturaja eight-month net profit rises 27% YoY
PT Semen Baturaja Tbk reported a 27 per cent YoY increase in net profit to IDR224.7bn (US$15.3m) in the first eight months of the year, with strong sales growth seen by the pub...
Confidence Cement plans expansion, Bangladesh
Bangladesh-based Confidence Cement Ltd is planning to double capacity from the existing 2000tpd to 4000tpd. The new project is scheduled for completion in 2016. During the fir...
EPA announces a settlement with Lehigh Southwest, USA
The US Environmental Protection Agency (EPA) announced a settlement with Lehigh Southwest Cement Co for failing to properly report releases of toxic chemicals at its Cupertino,...
Spain: cement demand up 5.6% YoY 8M15
Spain’s cement consumption increased 5.6 per cent YoY to 7,397,362t in the first eight months of 2015, according to Oficemen, the country’s cement association. However, this pi...
Alkhalij to double its cement capacity
Part of Qatari Investors Group, Alkhalij Cement Company will invest around US$800m in its second production line, which is scheduled to come on-stream in 1Q16. The new capacit...
DG Khan Cement has strong FY15
DG Khan Cement, part of the Nishat Group, has posted net earnings of PKR7.63bn (US$73.1m) in the year ending 30 June, up 28 per cent compared to full-year earnings of PKR5.97bn...
Mexican cement firms line up for airport contracts
A group of 20 Mexican cement firms from AMCI, the association of independent concrete companies, are to invest MXN300m (EUR15.90m, US$18.03m) in the installation of a sector c...
Paraguay: INC distributors complain about cement supply
Several Paraguayan cement distributors have complained about supply issues which sees them receiving only 13-25 per cent of their normal order volumes. The state-run cement fir...
Ambuja cement is banned in Jammu and Kashmir
The sale of Ambuja cement has been banned in Jammu and Kashmir by the government after an investigation discovered the sale of underweight bags and irrational prices, said a st...
Zambezi Portland lowers cement price
Competition has forced Zambezi Portland Cement (ZPC) to introduce a new and cheaper cement brand onto the domestic market. The arrival of Dangote Cement in Zambia with its gre...
Sri Lanka: Holcim village inaugurated by President
Sri Lanka's President Maitripala Sirisena inaugurated Holcim Village in Akmeemana, Galle, this week. The initiative was constructed and conceived by Holcim under its Sustainabl...
Italcementi disposes of WCC stake
Italcementi Group, via its affiliate CimFra (China) Ltd SAS, has disposed of its 5.24 per cent stake in West China Cement (WCC) for an upfront consideration of HKD341m, equival...
SUEZ and Cemex launch new SRF facility, UK
Cemex and international recycling and waste management company SUEZ have launched a new Solid Recovered Fuel (SRF) facility which will supply the Rugby cement plant in the UK w...
Lafarge Malaysia Bhd to acquire Holcim Malaysia
Lafarge Malaysia Bhd plans to acquire Holcim (Malaysia) Sdn Bhd, for MYR330m (US$77.4m) cash, as part of parent company LafargeHolcim Ltd’s plans to consolidate operations in t...
San Miguel Corp to up investment spend
Philippine conglomerate San Miguel Corp said on Monday it is raising planned investment in cement manufacturing to almost US$1bn with the addition of three new cement plants to...
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