• Egypt:IDA receives more requests for cement licenses

    Egyptian Industrial Development Authority (IDA) received eight requests from the local and international companies for gray Portland cement licenses after the deadline ended on May 31,2016, reports Daily News Egypt. “The authority will immediately begin studying submitted docume

  • Cement Benefits From China-Pakistan Economic Corridor

    The China-Pakistan Economic Corridor is expected to boost cement production in Pakistan, reports Finance Sina. The joint project between China and Pakistan brought hopes for an investment wave in Pakistan that will benefit the country’s entire industrial sector, especially the c

  • Cemex closes Bangladesh and Thailand transaction

    Cemex, S.A.B. de C.V. has announced that it has closed the sale of its operations in Bangladesh and Thailand to Siam City Cement Public Company Limited for approximately US$53 million. The proceeds obtained from this transaction will be used mainly for debt reduction and for gene

  • Cemex Philippines starts pre-marketing

    According to the latest Reuters report, Cemex Holdings Philippines Inc has started pre-marketing for an initial public offering of shares worth up to US$500 million, with Citigroup, HSBC and JP Morgan as joint global coordinators and BDO Capital as local bookrunner. In a prelimin

  • Pakistan may increase federal excise duty on cement

    The Pakistani federal government has proposed to increase Federal Excise Duty (FED) on cement by almost 100 percent from the next fiscal year, reports Radio Kapi. Currently, the domestic cement industry is paying FED in percentage, while as per budget proposals 2016-17, a fixed F

  • Brazil: InterCement sales drop by 28% to Euro454m in first quarter of 2016

    InterCement’s sales have fallen by 28% year-on-year to Euro454m for the first quarter of 2016 from Euro637m in the same period in 2015. Its cement and clinker sales volumes fell by 11.2% to 6.03Mt from 6.79Mt. Its earnings before interest, taxation, depreciation and amortisation

  • Indonesia: Krakatau Semen Indonesia orders Loesche slag grinding mill

    PT Krakatau Semen Indonesia has ordered a slag grinding mill from Loesche for its Cigading grinding plant in Cilegon, Banten. Krakatau Semen will use a Loesche mill with an LDC classifier to grind ground granulated blast furnace slag to a fineness of 4500cm2/g. The scope of suppl

  • China’s huge cement industry latest to face massive cuts

    China’s cement industry, the largest on earth, needs to rapidly dismantle large numbers of factories as part of a newly urgent effort to cut overcapacity, the country’s top administrative authority says. China should slash 500 million tonnes of cement-making capacity in three y