• Syria: Lafarge protected interests from ISIS

    According to French newspaper Le Monde, Lafarge entered into deals with armed groups in Syria, including the Islamic State, to protect its staff and business interests in the country. Lafarge is yet to respond to queries from Agence France-Presse (AFP), saying only that "Lafarge'

  • Australia: Adelaide Brighton working on LafargeHolcim takeover in Australasia

    Australia: Adelaide Brighton says it has prepared for an acquisition of the operations of LafargeHolcim in Australia and New Zealand. Chief executive Martin Brydon confirmed the plans to The Australian newspaper. He added that the plan includes measures to cope with competition i

  • Nigeria: Nigerian Bank of Industry investigated over cement fund

    Nigeria: The Economic and Financial Crimes Commission (EFCC) has raided the Lagos office of the Bank of Industry (BOI) following an investigation. Officials of the development bank say that the raid was part of the investigation by the EFCC of the allegation of misapplied funds b

  • Colombia: Cement production expected to increase in Colombia

    Colombia: Cement producers are reacting to a boom in infrastructure projects in Colombia by increasing production and upgrading existing production capacity. Demand for ordinary Portland cement is expected to grow in the short-term due to the government's 4G roads programme and t

  • India:Dungsam Cement waiting for Indian market to pick up

    Bhutan: Dungsam Cement is waiting for the market to improve in India following announcements of infrastructure development from the government. The latest budget in the neighbouring country is expected to boost demand for cement and steel in the north-eastern region of India and

  • Indonesia: Semen Indonesia looks to international markets

    Amid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 pe

  • Philippines: Cemex Philippines unit to launch up to US$526 million IPO

    Reuters are reporting that Cemex Holdings Philippines, a subsidiary of Cemex, will launch an initial public offering of up to US$526 million on 21 June. The company is offering 2.03 billion shares in an indicative range of 10.50 pesos to 12.00 pesos each. Cemex Holdings Philippin

  • Philippines: Bullish Ordoñez opens Cemtech Asia

    The Philippines will see cement consumption rise rapidly as the incoming Duterte administration continues its predecessor's focus on public works. That was the message delivered by the President of the Philippines Cement Manufacturers Association (CeMAP), Ernesto Ordoñez,