News

Cement manufacturer LafargeHolcim expects around €300 million in its annual turnover in Spain, where it has over 10million tonnes of annual cement production capacity.

It operates a waste treatment plant, five terminals, 13 quarries, 40 mortar plants and five cement grinding plants in Spain.

CI Regio, owned by a Slovak entrepreneur Miroslav Remeta, is planning to invest €9.54 million (US$ 10.33 million) in technologies for processing of concrete steel used in concrete-steel structures.

S-Production of Slovakia has been awarded the contract for the supply of these technologies for the company in Presov.

The Titan Demontazh Stroy company (TDS), affiliated with a major St Petersburg's holding company Titan, has bought seven concrete plants in St Petersburg and four in Moscow from the LSR group.

Experts estimate the cost of transaction at RUB 1.5 billion (€24.33 million/US$ 26.35 million). The transaction will be closed after approval of the Federal Antimonopoly Service scheduled for August 2015.

According to the representatives of TDS, the plants' purchase is a part of the high-technology concrete prod

Lafarge Africa (Lafarge)'s newly-built US$400 million (€369.29 million) power plant in Ogun State in Nigeria is likely to start operation in October 2015.

The 220MW power plant would benefit 1.4 million households and help mitigate energy problems of many companies in the country.

The project was carried out in collaboration with Wartsila and the International Finance Corporation (IFC), according to Guillaume Roux, CEO of Lafarge Nigeria.

The financial and advisory services for the plant would be

Aggregate Industries has expanded its offering to include cement.

Parent company LafargeHolcim has transferred two cement plants in County Staffordshire, England, and Northern Ireland to the business.

The move follows the sale of Lafarge's Tarmac business to Irish rival CRH as part of its merger with Holcim.

US-based construction materials company, Summit Materials, has concluded a US$450 million (€411.46 million) purchase of seven terminals by the Mississippi River Valley as well as a cement plant located in Davenport, Iowa.

The assets were acquired from Lafarge North America.

For the acquisition, $350 million (€320 million) in cash, which Summit Materials secured via a senior note offering in July 2015, as well as other funds from its credit line expansion was used.

As part of the transaction, Summit

The BaselCement holding company's plants in Russia produced over 1 million tonnes of cement and clinker in January-June of 2015, 4% up year-on-year.

The Serebryansky cement plant produced almost 650,000tonnes of cement, and its share in the Moscow region's market increased by 3% to 9%.

The Achinsky Cement Company, which accounts for 10% in the market of the Siberian federal district, doubled the high-grade cement (PC 500-D0 and CEM I 42,5B) delivery volume to 64,000tonnes.

The products are made usi

For its second quarter (Q2) of 2015, Suez Cement's net profit declined 57.26% year-on-year to EGP 60.9 million (€7.18 million/US$ 7.77 million) from EGP 142.5 million.

During the quarter under review, the company's revenue fell 15% when compared to Q2 of the previous year.

Suez Cement's Q2 performance was attributed to the company's process of diversifying its energy sources to reduce shortages that affected the company's profits negatively.

A total of 4.83 million shares in Anhui Conch Cement have been disposed of by JP Morgan, which is Anhui Conch Cement's substantial shareholder, at an average price of HKD 26.59 (€3.17/US$ 3.43) each, according to information released by the Hong Kong Stock Exchange.

JP Morgan bagged HKD 128.43 million via the disposal and reduced its shareholding in Anhui Conch Cement to 13.98%, which is equivalent to 181.77 million shares in the latter.

A banking source reported that lenders to Binani Cement in India have restructured INR 30 billion (€436.28 million/US$ 472.55 million) of loans, and added an INR 3 billion term loan.

The Joint Lenders' Forum (JLF) has also approved an INR 1.92 billion working capital limit for the company.

The Central Bank of India leads the 18-bank term loan and the 14-bank consortium on the working capital.

Binani Cement posted an INR 1.97 billion loss in the 2014 fiscal, compared to an INR 1.2 billion profit t

Work at eight limestone mines in Vietnam's northern province of Ha Nam for the Thanh Thang Cement Project received the approval of Prime Minister Nguyen Tan Dung.

The project has a capacity of producing 2.3 million tonnes/year.

The eight mines are in various communes in Thanh Liem District, with areas ranging between 46.6hectares and 151.3hectares, and their operationwill start in 2018.

Aboitiz Equity Ventures says it will invest US$531 million in the cement business after formalising a deal with Irish cement maker CRH to buy the Philippine assets of Lafarge, reports Reuters.

The announcement came around two months after cement companies Holcim and Lafarge, which have agreed to merge, said CRH would buy some of their assets for $7.12 billion.

In May, Aboitiz said it was looking to partner with CRH to buy Lafarge's assets in the Philippines as the local power-to-banking conglomerate s

The Eurocement Group has signed an agreement with KamAZ for the purchase of about 300 LNG-powered dump trucks and 400 LNG-powered tractor units within the next three years. Experts say that the deal could have amounted to about RUB 2 billion (€32.44 million/US$ 35.13 million).

Mexican cement giant Cemex’s consolidated net sales reached US$3.8 billion during the second quarter of 2015, a like-for-like increase of 5% on the same period of 2014. Operating EBITDA increased by 1% during the quarter to US$744 million.

Cemex says the increase in consolidated net sales on a like-to-like basis was due to higher prices in its products, in local currency terms, in most of its operations, as well as improved volumes in most of its products in Mexico, the US, and its Northern Europe and As