• Success for LafargeHolcim CILAS project in Algeria

    On 10 July 2016, the ignition of the rotary kiln marked the successful start-up of the clinker production line of CILAS, 11 days ahead of the contract schedule. Representatives of the Owner and the EPC Contractor CBMI pushed the ignition button together at the ceremony. The owner

  • Lafarge India sale moves to final stage

    The five bidders that gave their final bids for Lafarge India’s 11Mt/yr cement business have been called to London, UK for the final leg of discussions, which started on 7 July 2016. Multinational bidders, including Mexico’s Cemex and China’s Anhui Conch, are believed to have

  • Norway: Norway expects full carbon capture and storage by 2022

    The Ministry of oil and energy of Norway has announced that it expects to complete every step in the development of carbon capture and storage (CCS), i.e. capturing CO2 emissions from an industrial plant, transporting it by ship and injecting it into a depleted oil and gas reserv

  • TCC International Holdings issues profit warning

    TCC International Holdings expects to swing to a loss in the first half of 2016, compared to a net profit US$10.5m in the first half of 2015.The Hong Kong-listed cement producer said that the expected loss was due to lower selling prices for its cement products and a foreign-exch

  • Philippines: Cement firm opens IPO to local small investors

    The Philippine Stock Exchange has allowed the subscription of local small investors to the IPO (initial public offering) shares of Cemex Holdings Philippines Inc. which is debuting on the stock market on July 18."The company, which will use the stock symbol 'CHP', will be offerin

  • Heidelberg acquires Suez Cement Group

    On Friday, Heidelberg bought 157.17m ordinary shares, which included Suez Cement Group shares that were formerly owned by Italcementi. Heidelberg Concrete completed the acquisition of 45% of the shares of Italcementi from Italmobiliare after an agreement was signed on 28 July 201

  • ​India: JP Associates seeks to call off cement biz sale to UltraTech Cement

    In a new twist in the JP Associates-UltraTech Cement deal, the former now wants to call off the Rs 15,900 crore deal to sell its Cement business to the latter, ET Now quoted sources as saying. Shares of JP Associates closed 5.40 per cent higher at Rs 9.09 in reaction to the de

  • Pakistan: Cement sales rise to 39m tonnes

    Cement dispatches during the outgoing fiscal year grew by 9.82 per cent to 38.87m tonnes compared to 35.34m tonnes the preceding year. It should be noted that additional taxes have been imposed in the budget 2016-17 that increased the cement price by Rs35 per bag. Local cement sa