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In the Philippines, the board of Southeast Asia Cement Holdings has approved the change of company name to Global Ferronickel Holdings.

Meanwhile, SAC Holdings' 90% shares were sold to Platinum Group Metals Corporation (PGMC).

A total of 6.29 billion shares or 89.82% issued shares capital and outstanding capital stock were involved in the transaction.

As part of a regional integration support project, Kenyan manufacturer Savannah Cement confirmed ongoing plans for its East African expansion.

According to the company, local dealers will be appointed in Burundi and Rwanda to raise the availability of products in both countries, while dealers have been appointed in Arusha and Mwanza in Tanzania to cater for inland cement demand.

In addition, Savannah Cement also plans to build a clinker manufacturing facility, commission a second grinding unit and has

The Algerian Minister of Industry and Mines, Abdesselam Bouchouareb, is reported to have announced to officers of the China State Construction Engineering Corporation (CSCEC) that he wants Chinese companies to actively participate in the growth of industry in Algeria.

The Minister declared its plans to support any investment initiatives that would create jobs and bring wealth and a transfer of know-how to Algeria, notably bringing up a new mining law which has advantages for investors and the country's m

The Construction Products Association (CPA) envisages a 5.3% rise in output in 2015. In comparison, the British Chambers of Commerce predicts UK economic growth of 2.7%.

The Prime Minister of Morocco has approved the merger of the Moroccan subsidiaries of cement companies Lafarge and Holcim on condition that there be no job cuts and that the merger be in the interest of both management and employees.

The new entity, which aims to become world leader in the cement market, should have 60% of the Moroccan market share, placing it first ahead of Ciments du Maroc (subsidiary of Italian group Italcementi).

US-based mining company Vanguard Mining intends to set up a cement plant in Indonesia's East Nusa Tenggara.

This was disclosed by the Indonesian Cement Association's chairman, Widodo Santoso. Vanguard is to invest an estimated US$490 million/€387.49 million) in the project, which will be carried out in several stages.

The cement plant will have 2 million tonnes in annual capacity.

An auction for sale of a 14.99% state in the charter capital of Uraltranstrom (Yekaterinburg, Urals), manufacturer of reinforced concrete and aggregates, has produced no bids.

The starting price was set at RUB 39.24 million (€781,146.61 USD 987,809.73).

Bank loans worth between IDR 600 billion (€39.29 million/US$50.20 million) and IDR 840 billion are being sought by Indonesia-based cement manufacturer Semen Indonesia for financing the set-up of a new cement plant in Papua's Jayapura.

The company will likely secure the loans in 2015, while the plant will commence construction in 2015. The plant is worth IDR 1.2 trillion and it will be Papua's first cement plant. The plant will be able to manufacture between 600,000tonnes and 1 million tonnes of cement.

Spain's main construction materials manufacturers experienced a 2.9% reduction in revenue volume during 2013, according to the latest Annual Construction Report from Alimarket.

Although it is at a slower rate, the reduction represents another year of decrease for the Spanish materials industry.

It is hoped that 2014 will finally mark a turning point.

Together, the 700 companies included in the report had sales of €57.27 billion (US$74.21 billion).