• 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

  • INDONESIA - Indonesia sees Cement supply swamped as foreign producers move in

    Indonesia's large market and its strategic position in Southeast Asia have drawn foreign cement companies to invest in the country, creating competition for existing producers, which are already struggling to maintain their market share amid a surplus in production capacity. Thre

  • Irish Cement to cut proposed alternative fuels usage at Limerick plant

    Ireland: Irish Cement is planning to cut the amount alternative fuels it intends to co-process at its Limerick cement plant to 90,000t/yr. The cement producer withdrew its initial planning application in March 2016 but has resubmitted a new application with a lower amount of alte

  • Anhui Conch net profit drops by 45% to US$123m in first quarter of 2016

    China: Anhui Conch Cement’s net profit has dropped by 45% year-on-year to US$123m in the first quarter of 2016 from US$233m in the same period in 2015. Its revenue fell by 5.5% to US$1.63bn from US$1.73bn. It attributed the decreases in profit and sales revenue to falling prices.