Steppe Cement names new chairman
Steppe Cement Ltd on Monday said it has appointed Paul Rodzianko, independent non-executive director, as its independent non-executive chairman. Rodzianko is currently th...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Gulf Cement 1H profit down 29%, UAE
Gulf Cement Company reported a 29.34 per cent drop in first-half profit drop to AED30.89m (US$48.4m), compared to AED43.7m (US$12m) in the same period of 2014. On a more posit...
Buzzi Unicem: strong growth in America
Buzzi Unicem's first-half turnover improved by 4.9 per cent to EUR1238.2m and EBITDA rose by 20.3 per cent to EUR166.6m. The depreciation and impairment charges came down by 2...
Vicat’s cement volume declines but cement EBITDA improves
Vicat's first-half turnover improved by two per cent to EUR1243.6m, which amounts to a 6.1 per cent reduction on a comparative basis. EBITDA declined by 2.2 per cent to EUR203....
Dangote inaugurates Zambian plant
The Dangote Group on Tuesday inaugurated its 1.5Mta cement plant in Zambia together with a 30MW coal plant to power the factory. The project was inaugurated by Zambia's Presi...
Martin Marietta sees higher building volumes
Martin Marietta Materials, one of the top five US aggregates producers, has announced a first-half turnover 46.9 per cent ahead at US$1612.7m, thanks to the initial consolidati...
PCA: "Clean Power Plan" will impact all segments of US economy
Yesterday, President Obama authorised new US Environmental Protection Agency (EPA) regulations on emissions of CO2 from power plants. "These unprecedented regulations will h...
Vulcan’s profit falls following exceptional gains in previous year
Vulcan Materials' first-half turnover rose by 11.8 per cent to US$1526.4m, but EBITDA declined by 31.8 per cent to US$300.2m. The trading profit fell by 44.8 per cent to US$164...
Thermo Fisher Scientific Ecublens plant wins 2015 Swiss Industrial Excellence Award
Thermo Fisher Scientific today announced that its Ecublens, Switzerland, plant is the recipient of the 2015 Swiss Industrial Excellence Award, as chosen by an international jur...
LafargeHolcim Ltd to launch squeeze-out for remaining Lafarge SA shares
LafargeHolcim Ltd announces that it has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge SA. After surpassing the necessary 95 per ...
Cemex completes refinancing of its 2012 facilities agreement
Cemex announced yesterday that it has fully repaid the total amount outstanding of approximately US$1.94bn under the facilities agreement dated 17 September 2012, as amended fr...
US May shipments down 4.5% YoY
Total shipments of Portland and blended cement in the US and Puerto Rico in May 2015 fell by 4.5 per cent YoY to 7.8Mt, data from the US Geological Survey released yesterday sh...
Wet weather dampens Eagle Materials' 1Q
Eagle Materials' turnover, including its share of the Texas Lehigh cement joint venture, increased by 4.4 per cent to US$312m for the first quarter of fiscal 2016 ended 30 Jun...
DBN ups stake in Ohorongo Cement, Namibia
The Development Bank of Namibia has increased its stake in Ohorongo Cement, which is majority-owned by Schwenk Zement KG of Germany from 10 to 11.72 per cent. "The bank's deci...
Francis Flower acquires Hanson Cement's GGBS unit, UK
Mineral resources company Francis Flower yesterday announced the acquisition of the ground granulated blast furnace slag (GGBS) facility in Scunthorpe, UK, from Hanson Cement. ...
Spain: Cementos Portland Valderrivas 1H loss increases
Cementos Portland Valderrivas has seen 1H losses of EUR39.9m, 28.9 per cent higher than in 1H14, when it recorded a loss of EUR31m. The result is attributed to the lower sal...
US Senate passes DRIVE Act
By a bipartisan vote of 91 to 4, the US Senate on Thursday passed a six-year surface transportation authorisation. Passage of the “Developing a Reliable and Innovative Vision f...
CRH completes Lafarge-Holcim transaction
CRH announced that the transaction to acquire certain assets from Lafarge SA and Holcim Ltd for a total enterprise value of EUR6.5bn is now complete, with the exception of the ...
European Commission closes antitrust proceedings
European Union antitrust regulators on Friday scrapped a cartel investigation launched on 8 December 2010 against a number of cement producers with operations in Europe includi...
LafargeHolcim: results of the re-opened Public Exchange Offer
France's Financial Market Authority published on Friday the final results of the re-opened public exchange offer initiated by LafargeHolcim Ltd (formerly Holcim Ltd) for the s...
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