Vietnam sales eight-month update
Vietnam sold 46.92Mt of cement and clinker in the first eight months of this year, rising 10 per cent from a year earlier and fulfilling 65 per cent of the annual target, accor...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
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Mexican cement prices increase
Mexican newspaper Reforma reported that cement prices in the country were increased by about six per cent on 1 September. This is the third price hike in the year which sugges...
Philippine quarries set to expand
Four applications for expansion of mining areas have been approved by the Mines and Geosciences Bureau (MGB) since the government relaxed rules in November last year. "We hav...
RAK Cement buys back 68,560 shares, UAE
Ras Al Khaimah Cement Co decided to repurchase 68,560 of its shares on Thursday at AED0.83/share. Accordingly, the total number of treasury shares rose to 10.29m with 45.6m sh...
PPC Zimbabwe's capacity to rise to 1.5Mta in 2016
Pretoria Portland Cement (PPC) plans to expand its cement capacity to 1.5Mta from the current 1.1Mta, following the completion of the company's new Msasa cement plant next year...
Zimbabwe offers Dangote growth
The Nigerian billionaire, Aliko Dangote, head of the Dangote Group, visited Zimbabwe this week and struck investment deals in mining, cement manufacturing and power generation....
Nigeria: Dangote Cement reduces prices by NGN6000/t
Dangote Cement announced that it will lower the price of its 3X cement by NGN300/50kg bag or NGN6000/t. Onne van der Weijde, Dangote’s director general, has indicated that th...
Canada: McInnis seeks tax agreement for port facility
McInnis Cement wants a tax stabilisation agreement for a US$40m distribution centre to be built at the Port of Providence. The City Council will consider a "bifurcated" tax s...
Reliance Cement joins e-commerce world
Reliance Cement Co Pvt, a subsidiary of Reliance Infrastructure, has announced its entry into e-commerce via a new "e-tailing" facility, which will be initially available in Ut...
China: BBMG Corp’s CFO resigns
Wang Hongjun, BBMG Corp’s chief financial officer, has resigned his post due to 'work re-designation' without further elaboration. The Beijing-headquartered cement producer an...
HeidelbergCement strengthens finances for Italcementi deal
HeidelbergCement has strengthened its financing to prepare itself for the acquisition of Italcementi. On 31 August, the cement producer completed the disposal of its lime busin...
Pakistan: Fauji Cement earnings rise 57% in FY15
Fauji Cement Company Limited (FCCL) boosted its net earnings by more than a half to PKR4bn (US$39m) in FY15, the company’s financial results revealed on Tuesday. Higher margin...
Pakistan’s cement exports continue to fall
Pakistan cement manufacturers and exporters during the month of July 2015 exported 469,406t of cement and earned export revenue of US$ 27.52m compared to 508,541t at US$30.25m ...
Egypt: South Valley Cement to double capacity
Tamer Abdel Rahman, investor relations manager of South Valley Cement, said that the company intends to double its production capacity to 3.2Mta. He added that the intended inc...
Chile: Cemento Polpaico to pay US$14.6m in back-taxes
Cemento Polpaico reported that the Chilean tax office (SII) has ordered the cement producer to pay U$14.6m in back-taxes for the years 2012 and 2013. Liquidations have led to...
LafargeHolcim to pay post-merger dividend
Following the successful closing of the merger of Lafarge and Holcim, the new LafargeHolcim Ltd has announced that it will distribute an exceptional scrip dividend of one new-i...
Ghana's cement producers seek protection
Ghana's cement producers are under pressure from cheap Chinese imports of bagged cement. The domestic producers have been supported in their struggle by a customs review of the...
Simon Vivian announced as new MPA chairman
Simon Vivian, currently chief executive of Breedon Aggregates Ltd, the UK’s largest independent aggregates business, has been appointed MPA chairman for the next tw...
Fitch Downgrades Shanshui to 'B-'; Outlook Negative
Fitch Ratings has downgraded China Shanshui Cement Group Ltd's (Shanshui) Long-Term Issuer Default Rating (IDR) and senior unsecured ratings to 'B-' from 'B+'. The agency has a...
Lucky Cement close to winning limestone licence in Punjab province, Pakistan
Lucky Cement Ltd is close to winning a permit to extract limestone in Punjab province, signalling expansion plans for the Pakistan producer, according to a report by Bloomberg....
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