• Cement maker China Shanshui says it can’t pay bond interest due to lack of seal

    Hong Kong-listed China Shanshui Cement says it cannot distribute interest on its 2017 notes to bondholders because of the lack of a company seal, highlighting the challenges facing investors trying to get paid after a series of domestic bond defaults since November. While the com

  • Vietnam:Jan-Apr cement consumption up 17.4%

    As at the middle of May Vietnam had produced 40 million tonnes of cement and clinker this year, 24 million tonnes of which have been sold, according to the Building Materials Department at the Ministry of Construction. Consumption has reached almost 32 per cent of the annual targ

  • South Valley Cement invests EGP 1.5 bn to double production through new cement license

    The South Valley Cement Company will invest EGP 1.5 bn in doubling its production capacity to 3 mn tonnes from 1.5 mn tonnes by expanding the Beni Suef facility through a new cement license, said company Chairman Ahmed El Mekaty. The company is currently preparing a feasibility s

  • Belgium cement consumption rises by 4.6% to 6.4Mt in 2015

    FEBELCEM, the federation of cement producers in Belgium, has reported that cement consumption rose by 4.6% year-on-year to 6.4Mt in 2015. It attributed the growth to favourable weather and growth in residential construction. It expressed concern that imports of cement also rose i

  • Italcementi : Upper Nazareth cement company facing $92K in fines for workplace hazards in Ohio

    May 10--An Upper Nazareth Township cement producer is facing $92,000in federal fines after it exposed its workers to machine, noise and respiratory hazards at its Ohio plant, the U.S. Labor Department'sOccupational Safety and Health Administration said. The Cleveland Area Office

  • Iran: Iran’s Cement Exports down by 20%

    Iranian cement and clinker exports fell by 20 percent over the past Iranian year (1394),IRNA reports. According to Abdolreza Sheikhan, the secretary of the Association of Cement Industry Entrepreneurs, Iran’s exports of cement and clinker shrank to nearly 15 million tons from 18

  • Chinese firm clinches deal to construct Sh15.5b cement plant in West Pokot

    China Investment Trustee International Corporation China (CITIC) has been contracted to carry out construction works at a cement factory planned for West Pokot. CITIC has already started shipping in machinery and equipment for the construction of Pokot Cement, which is schedul

  • Dalmia Cement withdraws appeal against Lafarge-Holcim deal

    Dalmia Cement has withdrawn the appeal filed before the competition tribunal against transfer of Lafarge's assets as approved by the Competition Commission, clearing the way for the merger of Lafarge and Holcim in India. Last month, the Competition Appellate Tribunal had stayed t