• Cemex announces offering of senior secured notes

    Cemex, S.A.B. de C.V. has announced that Cemex Finance LLC, an indirect wholly-owned subsidiary of Cemex, intends to offer senior secured notes denominated in Euros subject to market and other conditions. Cemex intends to use the net proceeds from the offering of the Notes for ge

  • Australian competition body appeals against low Cement Australia fine

    Australia: The Australian Competition and Consumer Commission (ACCC) has filed an appeal against a US$12.6m fine against Cement Australia, which it views is too low. On 16 May 2016 a Federal Court published orders imposing a penalty of US$13.7m on the cement producer. One order w

  • Semen Indonesia Retains market share in South Kaltmantan

    Semen Indonesia seeks to maintain the market share of 26 percent in South Kalimantan region, reports Berita Satu. The company official said, "The impact of the sale must exist. Sales fell an average of 40 percent. But we continue to holistic solutions with fast and innovative." T

  • 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