• Nigeria: Lafarge Africa launches US$302m refinancing bond

    Nigeria: Lafarge Africa is marketing a US$302m bond to refinance some of the US Dollar-denominated debt held by its subsidiary United Company of Nigeria (UNICEM), which it bought in 2015. Chief finance officer Anders Kristiansson said that there was strong interest for the bond a

  • Cemex to sell major cement assets in US

    US: Mexico’s Cemex has agreed to sell a raft of assets in the US in a US$400m divestment to pay down the company's debt. The assets include the Lyons cement plant in Colorado, the Odessa cement plant in Texas, three terminals in Texas and building materials businesses in Texas a

  • India: JK Cement’s Fujairah plant expansion to come online by 2017

    UAE: India's JK Cement has revealed that its plant in Fujairah, UAE is due to reach full production capacity by 2017. At full capacity the plant will be able to produce 0.6Mt/yr of cement. The plant is unusual in that it can produce both grey and white cement from the same kiln.

  • UK financier to take 40% stake in ARM

    Kenya: The UK-based development financier CDC is set to acquire a 40% stake in ARM Cement, after the firm injected US$140m into the family-owned Kenyan cement manufacturer. The CDC funds will allow ARM to retire expensive short-term loans that have been weighing down the company

  • LafargeHolcim considers leaving Vietnam cement market due to oversupply

    Vietnam: LafargeHolcim is considering leaving Vietnam due to oversupply of cement in the local market, according to Nguyen Cong Bao, general director of Holcim Vietnam. The company met with the Ministry of Construction to notify it of its forthcoming business plans in Vietnam. Ba

  • Update on the cement industry in Central Asia

    A few news stories in recent weeks have emerged concerning falling cement sales in Central Asian countries. Steppe Cement reported in mid-April 2016 that its cement sales had fallen by 12% year-on-year to US$5.98m in the first quarter of 2016 from US$6.79m in the same period in 2

  • CRH reports 9% rise in sales in first quarter of 2016

    Ireland: CRH has reported in a trading update that its overall sales rose by 9% year-on-year in the first quarter of 2016. By region it saw a 22% increase in the Americas, a 12% increase in Asia and no increase in Europe. No specific figures were released in the statement issued

  • Dangote Cement expects to increase earnings in 2016

    Bloomberg are reporting that Dangote Cement expects to increase earnings in 2016 as cement volumes rise, despite an economic downturn in its home market of Nigeria and pressures elsewhere on the continent. Demand in the company’s home market of Nigeria should remain strong this