• India cement consumption to improve by 2018; analysts predict sluggish '16

    India's cement consumption could go up by 9% only in full-year 2018, said analysts from JP Morgan, who expect demand in 2016 to be gradual. A sharp contrast to 2015, where the India cement sector outperformed the broader markets; large caps and mid caps delivered positive return

  • Zambia: ZCCM-IH in the process of constructing a cement plant in Ndola

    THE Zambia Consolidated Copper Mines Investment (ZCCM-IH) is in the process of constructing a cement plant in Ndola with an initial investment of US$600 million. ZCCM-IH chief executive officer, Pius Kasolo said the plant which would be setup at Ndola Lime on the Copperbelt would

  • Saudi Cement Q4 net profit falls 32.8 pct, misses estimates

    Saudi Cement reported a 32.8 percent drop in fourth-quarter net profit on Sunday, missing estimates as sales fell and it booked an impairment for two kilns. DUBAI, Jan 17 (Reuters) - Saudi Cement reported a 32.8 percent drop in fourth-quarter net profit on Sunday, missing estimat

  • Kenya: Kenya’s ARM cement rolls out east african expansion plans

    East Africa’s largest cement maker, ARM Cement Ltd, says it is increasing investment in plants across the region as the battle for the cement market in East Africa heats up. In view of this, the company is embarking on a multi billion-shilling investment programme that will see

  • India: Jaiprakash to sell Jaypee Bhilai plant stake to Shree Cement

    India: In an attempt to service its US$5.99bn debt, Jaiprakash Associates has signed an agreement with Shree Cement to divest its stake in the 2.1Mt/yr Bhilai Jaypee Cement plant for an enterprise value of US$314 – 329m. Jaiprakash Associates is finding it difficult to service i

  • Pakistan:Lucky Cement wins quality standard award

    Pakistan: Lucky Cement Limited has received the Quality Standard Award 2015. The awards were held by The Consumers Eye Pakistan (TCEP) to encourage local manufacturers that are maintaining quality standards and have ISO/PSQCA certification in manufacturing standardised products.

  • India:Lafarge plans to exit India operations

    India: Lafarge India has submitted a revised proposal to the Competition Commission of India (CCI) to sell its entire 11Mt/yr assets in India. The decision comes after the company's plan to sell its 5.15Mt/yr cement capacity in Chhattisgarh and Jharkhand to Birla Corporation for

  • Saudi:Estanda completes cement ball mill commissioning

    Saudi Arabia: Estanda has successfully completed the commissioning of a cement ball mill for a cement manufacturing company in Saudi Arabia. The project was carried out on cement mill line 2, which operates in parallel with the cement mill line 1, which had already been renovated