• CHIAN - Jinyuan Cement to raise CNY1.36bn in private share placement

    Jinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans. In June Jinyuan Cement bought a 51% stake in a Jiangsu-based new materials technology firm from the Jinyuan Holding Group for CNY2.

  • Cement production to reach 5.3Mt/yr in Mozambique by end of 2016

    Mozambique: Cement production capacity in Mozambique is expected to increase to 5.3Mt/yr by the end of 2016, up from 2Mt/yr, with the opening of three new cement plants. CIF-Moz and Limak Cements will be opening plants in the southern province of Maputo and Fabrica Cimentos de Ca

  • Qatar to get through 5.7Mt of cement in 2017

    Qatar/Saudi Arabia: Saudi Arabia's decision to lift its cement export ban may help to meet Qatar's growing demand ahead of the FIFA World Cup 2022. Official data suggests that the peak demand for cement from Qatar's thriving construction and infrastructure industries is expected

  • Risk in global construction at its highest level

    Based on the Q2 2016 update of Timetric’s Construction Risk Index (CRI), risk has increased globally, with the unweighted global average score rising to 41.68 from 41.12 in Q1 2016. This is the highest level of risk in the 11 quarters since the CRI was established. Risk has pick

  • HeidelbergCement completes Italcementi acquisition

    HeidelbergCement AG has completed the acquisition of a 45% shareholding in Italcementi S.p.A. from Italmobiliare S.p.A. All conditions for the closing of the transaction have been fulfilled following the approval by the relevant competition authorities. “Today’s closing is an i

  • East African cement on the rise

    Increasing cement demand in East Africa, fuelled by greater construction investment in countries such as Kenya, Ethiopia, Uganda and Tanzania, is increasing equipment supply to the region – especially from Germany and China. Cement demand in East Africa is set to grow so expansi

  • New concrete plant opens in Moreton Valence

    Local Gloucester man, Lee Mills, has taken control of a new concrete plant at the Old Airfield, Moreton Valence. The plant, which represents an investment of £0.7 million by Cemex UK will produce readymixed concrete for construction and building projects in the area. Working alo

  • Oman's Raysut Cement drop 2.4% in Q2

    According to multiple sources, Oman's Raysut Cement reported a 2.4 % decrease in second-quarter net profit. The cement firm made 4.82 million rials (US$12.52 million) in the three months ending June 30. This compared with 4.94 million rials in the same period of 2015. Forecasts p