News List

  • US first quarter update 2016

    Delegates at the IEEE-IAS/PCA Cement Industry Technical Conference in Dallas, Texas this week may have smiles upon their faces if the following data is correct. The US cement industry has rocketed into 2016 with solid sales growth. Multinational cement producer balance shee

  • Cementos Argos profit up 31 percent in Q1 due to expansion

    Top Colombian cement maker Cementos Argos reported a 31 percent jump in its net profit in the first quarter compared to the same period last year due to expansions in local and foreign operations.

    Net profit was 122 billion Colombian pesos ($41.7 million) in th

  • Lafarge Africa approves acquisition of UNICEM

    Nigeria: The board of directors of Lafarge Africa has approved the acquisition of an additional 50% equity interest in the Untied Cement Company of Nigeria (UNICEM). The purchase was handled on the same terms of its initial acquisition of 35%. Following the

  • Azerbaijan to build plant and trade center in Dagestan

    A large cement plant and trade and logistics center will be built between Makhachkala and Kaspiysk in Dagestan in cooperation with Azerbaijani investors.

    The due statement was made by Dagestani president Ramazan Abdulatipov on his Instagram page.

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  • Harbin Xiaoling Cement takes environment ministry to court

    China: Harbin Xiaoling Cement in Heilongjiang province has taken the environment ministry to court after its approval to operate was rejected following complaints by residents. The cement company’s representatives say the ministry was wrong to overrule a

  • Austrian cement industry grows by 4% to 4.6Mt in 2015

    Austria: The Federation of Austrian Cement Industry (VÖZ) has reported that its national cement market volumes grew by 4% year-on-year to 4.6Mt in 2015. Overall sales turnover increased by 4.3% to Euro388m. Alongside this, the use of alternative fuels

  • 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.

  • 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

  • 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

  • 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

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