The World Cup in Brazil is in full swing, but the growth rate of cement demand in Brazil has declined. It is reported that the peak of the World Cup's pull on cement appeared in the previous year and last year. With the completion of the construction of the competition venues, the impact of the World Cup theme on the cement industry has ended. According to preliminary data released by the Brazilian National Cement Industry Association (SNIC), Brazil's cement sales in its domestic market totaled nearly 5.9 million tons in May 2014, down 0.7% from the same period last year.

2014-06-27

Recently, the 2014 FIFA World Cup is in full swing, and the eyes of the world are focused on Brazil. Among them, Mexico's cement giant, Cimex, also contributed to the construction of venues for the 2014 World Cup in Brazil.

2014-06-27

Although Lafarge (Pakistan) Cement Limited (LPCL) has not yet announced the final tender date for its 75.86% stake, the frequent activity of potential buyers indicates that Lafarge may be about to complete the sale of its assets in Pakistan.

2014-06-26

A cement World Cup competition has won the popularity of "fans" in the industry. In the opening week, in the match between the enterprise and the team, more netizens think that the characteristics of conch cement are more in line with the Brazilian team, Chinese building materials are more similar to the German team, and Sinoma Group is more in line with the characteristics of the Italian team.

2014-06-23

Indonesia's largest cement producer, Semen, plans to build a new $300 million cement plant in Vietnam as part of its expansion in Southeast Asia.

2014-06-18

The overseas strategy of Huaxin Cement has fallen again. The company announced on the evening of June 17 that its wholly-owned subsidiary, Huaxin Hong Kong (Cambodia) Investment Co., Ltd., as the main investor, had completed the capital increase of CCC Cambodia with 24 million US dollars in cash and became the largest shareholder of the latter.

2014-06-18

Bernard Fontana, Holcim's chief executive, recently visited Sri Lanka and told local media that the merger of Holcim and Lafarge was unlikely to have any negative impact on Sri Lanka. "Sri Lanka is a growing market and we are optimistic about the development in this market," Fontana told reporters. Holcim has been and continues to be committed to growth in Sri Lanka.

2014-06-16

The World Cup in Brazil is about to begin, the 12 stadiums for the competition are ready, and the growth of domestic demand for cement in Brazil has also declined. According to preliminary data released by the Brazilian National Cement Industry Association (SNIC), Brazil's cement sales in its domestic market totaled nearly 5.9 million tons in May 2014, a slight decrease of 0.7% compared with the same period last year.

2014-06-11

Recently, the European Commission has unconditionally approved Holcim's acquisition of Cemex West, an asset of Cemex in Germany, after a two-stage review.

2014-06-09

Lafarge, a French cement producer, plans to merge its operations in Nigeria and South Africa to create Lafarge Africa. It is reported that Lafarge Group will control 73% of the shares of Lafarge Africa and will remain listed on the Nigerian Stock Exchange.

2014-06-05

According to local media reports, Pakistan may increase the federal consumption tax on cement by 100 Pakistani rupees per ton in the upcoming budget for the 2014-15 fiscal year.

2014-06-03

Recently, Cade, Brazil's anti-monopoly agency, has decided to impose a fine of $1.4 billion on companies that monopolize cement prices in Brazil and require them to re-dispose of their assets.

2014-05-30

In 2012, when Italian Cement merged its business in China into Western Cement and became a shareholder of Western Cement, many people thought that Italian Cement had withdrawn from the Chinese market, but in fact it was not. Dr. Ma Weiping, President of Italian Cement China, told reporters that Italian Cement cooperated with local cement plants in China. We will continue to focus on our business market in China.

2014-05-23

Russian President Vladimir Putin paid an official visit to China on May 20. During the talks in Shanghai, Russian President Vladimir Putin and Chinese President Xi Jinping discussed a series of issues on the bilateral agenda and witnessed the signing of a series of important documents in the fields of economy, trade, energy and humanities. Among them are a series of contracts signed by European Cement Group, a Russian cement giant, with several Chinese enterprises, including equipment supply, engineering, installation supervision and staff training services, with a total price of more than 500 million US dollars.

2014-05-23

It is reported that Lafarge may be punished by the Competition Authority of Kenya (CAK) for price monopoly. CAK has accused Lafarge of alleged price-fixing in Kenya's cement market because of its large stakes in Kenya's East African Portland Cement Company (EAPCC) and Bamburi Cement Company.

2014-05-21

Olusegun Aganga of the Federal Ministry of Industry, Trade and Investment of Nigeria recently announced that the new national cement standard has been completed. After a grace period, both domestic and imported cement must comply with the standard and will be labeled "NlS 444-1".

2014-05-19

According to a comprehensive report by Hong Kong Wen Wei Po, the sovereignty dispute between China and Vietnam over the South China Sea has triggered large-scale anti-China riots in Vietnam. Nearly 5,000 people took to the streets in Vietnam's Binh Duong province yesterday, severely impacting more than 1,000 Taiwan-funded enterprises and injuring at least three Taiwanese businessmen. Among them, Taiwan's Happy Cement Co., Ltd. also has more cement business in Vietnam, because the two cement enterprises of Happy Cement in Vietnam are not in the riot demonstration area, their cement plants may not be affected by the riots.

2014-05-15

On April 26, the new cement clinker production line of Inner Mongolia Century Hengsheng Mining Co., Ltd. with a daily output of 5000 tons was formally completed and put into operation.

2014-05-07

Based on the 2022 World Cup in Qatar, the Qatari government plans to invest $208 billion in infrastructure development from 2013 to 2018. In 2014, the Qatari government is expected to spend nearly $50 billion on investment in construction projects, up 15% from the same period in 2013.

2014-04-23

Turkish cement companies have expressed interest in the merger opportunities arising from the planned merger of France's Lafarge Group and Switzerland's Holcim Group to create the world's largest cement company.

2014-04-18