• Nine companies bid for Lafarge India assets

    India: LafargeHolcim has received nine non-binding offers for its subsidiary Lafarge India. The bidders include multinational cement producers CRH, HeidelbergCement and China Resources. Local companies which have made bids include JSW Infrastructure, Piramal Enterprises and Ramky

  • Ratings agency says LafargeHolcim to benefit from Indian infrastructure spending growth

    India: Government plans to increase spending on infrastructure projects will benefit LafargeHolcim according to Moody's Investor Service. The second largest cement producer in India will gain from uneven regional demand, with a much larger scale and more prominent operations in n

  • Vietnam PM approves Thaicement Ha Tien works

    Vietnam’s Prime Minister, Nguyen Xuan Phuc, has approved the investment in Thaicement’s 4.5Mta Ha Tien plant in the Mekong delta province of Kien Giang as part of projects to be implemented during the 2011-2020 period with a vision to 2030.

  • Dangote launches construction of 6Mt/yr cement plants in Okpella

    Nigeria: Dangote Cement has started building a 6Mt/yr cement plant in Okpella, Edo. The Nigerian cement producer has invested US$1bn in the plant, according to All Africa. The company is also building another 6Mt/yr cement plant in Itori, Ogun. Its cement production capacity in N

  • HeidelbergCement to use Italcementi presence in Thailand for future expansion

    Thailand: Thailand will continue to be Italcementi Group's production base in the Association of Southeast Asian Nations (ASEAN) and as its springboard for expanding into Myanmar after HeidelbergCement acquires a 45% stake in the company in July 2016. Carlo Pesenti, the chief exe

  • Islamic State kidnaps over 200 workers from Al-Badiyeh Cement Company

    Syria: Over 200 workers and contractors from the Al-Badiyeh Cement Company have been kidnapped by a group affiliated to Islamic State of Iraq and Syria (ISIS). The Ministry of Industry said in a statement to the Syrian Arab News Agency (SANA) that the Ministry has been in contact

  • Dangote starts building 3Mt/yr clinker grinding plant in Ivory Coast

    Ivory Coast: Dangote Cement has started to build a 3Mt/yr clinker grinding plant in Yongbon near Abidjan. The plant will be cost US$200m and be completed by late 2017 according to Devakumar Edwin, Dangote Group Executive Director, Strategy, Projects and Portfolio Management. The

  • INDIA - Consolidation in industry to support cement prices

    Consolidation in the cement industry over the last couple of years, along with big-ticket government spending, is likely to hold up cement prices while pushing up demand. Merger/acquisition deals like JP Associates Ltd-UltraTech Cement Ltd and Birla Corp. Ltd-Reliance Infrastruct