• Votorantim cement sales volumes fall by 6% to 35Mt in 2015

    Brazil: Votorantim’s cement sales volumes fell by 6% year-on-year to 35Mt in 2015 from 37Mt in 2014. However, net revenue from the group’s cement business rose by 6% to US$3.82bn. The Brazilian industrial group blamed the loss of sales volumes on the poor economic situation in

  • Yanbu Cement profit falls in first quarter of 2016

    Saudi Arabia: Yanbu Cement Company has reported an 11.1% year-on-year fall in its net profit to US$49m in the first quarter of 2016 from US$55m in the same period in 2015. The cement producer has blamed the profit loss on a fall in sales and a rise in fuel prices.

  • HeidelbergCement announces the integration plan for Italcementi

    HeidelbergCement has announced the project to restructure the Italian operations of Italcementi S.p.A. On 28 July 2015, HeidelbergCement had entered into an agreement to acquire a 45% stake in Italcementi from Italmobiliare S.p.A., the holding company of the Pesenti family, which

  • Jaiprakash surges on deal to sell cement plants

    Reuters are reporting that Jaiprakash Associates has gained as much as 13% to a month-high of 8.75 rupees, with UltraTech Cement up as much as 1%. The UltraTech board approved the deal to buy identified JAL cement plants at an enterprise value of 159 billion rupees (US$2.40 billi

  • HeidelbergCement to cut jobs in Italy

    According to Bloomberg’s latest report, HeidelbergCement AG will cut jobs in Italy and sell assets in Belgium as it absorbs Italcementi SpA. HeidelbergCement announced that the move aimed at returning the Italian business to profitability will affect about 400 of the 2500 pos

  • Vietnam cements sales rise by 9.8% to 15.7Mt in first quarter of 2016

    Vietnam: Total clinker and cement sales rose by 9.8% year-on-year to 15.71Mt in the first quarter of 2016, the Building Material Department under the Ministry of Construction has said. The sales figure represents 20.7% of the country’s target for 2016. In March 2016, the country

  • Derba Cement plans US$300m expansion

    Derba Cement is planning to build a US$300m expansion to its cement plant. The new plant in Chancho City, Sululta will have a production capacity of 2.5Mt/yr. The project is expected to take 18 – 24 months to complete once started, according to the Cihan News Agency. The subsidi

  • INDONESIA - Arrival of New Players Causes Pressure on Indonesia’s Cement Prices

    The cement manufacturers in Indonesia are in need of participating in a cement price war in order to gain market share in Southeast Asia's largest economy. According to analysts a price war cannot be avoided due to the influx of new players in Indonesia's cement industry. This in