News

Turkish cement company Cimsa is going to invest US$55 million (€49.96 million) in a new factory in Eskisehir, Turkey).

The company plans to produce white and grey cement at the new factory and the investment will start in the last quarter of 2015. The Eskisehir factory is expected to be opened in the first quarter of 2017 and it will have a convertible system to produce grey and white cement.

Grey clinker production capacity will be 1.4 million tonnes and white clinker production will be 415,000tonnes

The managing director of Semen Padang, Benny Wendry confirmed that the development of the Indarung VI cement plant will be completed according to schedule.

The plant will capacity of 3 million tonnes will help to increase Semen Padang's total production capacity to 10.4 million tonnes.

Physical work on the IDR 3.80trillion (€252.07 million/US$277.88 million) plant has reached 65% and it is scheduled to start operations in the last quarter of 2016.

In the third-quarter 2015, turnover for the French mineral and roofing group Imerys was up 8.8% (or down 5.6% on a constant perimeter and currency basis) to €1.03 billion.

In the first nine months, turnover was up 10.9% (or down 4.4% on a constant perimeter and currency basis) to €3.08 billion.

Net income group share was up 8.7% to €259.9 million.

Current operating profit was up 9.1% to €409 million.

At 30 September, 2015, the company's net debt stood at €1.6 billion, compared with €870 million

The global construction industry is expected to grow at an average annual rate of 3.9% over 2016-2020, according to a report by Timetric’s Construction Intelligence Center (CIC).

The industry has regained growth momentum worldwide, with expansion accelerating from an annual average of 2.7% a year in real terms in 2011–2013 to 3.1% in 2014. CIC forecasts a further rise to 3.8%% in 2015, and then an average annual increase of 3.9% in 2016–2020.

Based on the CIC’s Global 50, a grouping of the 50 largest

In September 2015, overall profit of the cement industry in China fell about CNY 4.1 billion (€586.23 million/US$645.88 million) to CNY 2.7 billion when compared with September 2014.

According to statistics released by the National Bureau of Statistics, overall profit of the cement industry fell around 65% or CNY 34.9 billion to about CNY 18.4 billion in January-September 2015.

The average monthly profit of the industry for the first nine months of 2015 was reported at CNY 2 billion, nearly one-third

The Belgian Cartel Damage Claims (CDC) is reported to have filed legal action amounting to more than €138 million (US$152.04 million) against the German building materials and cement producer HeidelbergCement at the regional court of Mannheim, Germany.

HeidelbergCement has been accused of “forming a cartel with other companies and enforcing excessive pricing.”

Misr Cement (Qena) is likely to acquire shares in ASEC Cement's units for EGP 1 billion (€113.12 million/US$124.53 million).

The deal will close by 20 November 2015.

According to a statement, Qena will buy a 55% stake in ASEC Ready Mix and a 46.5% stake in ASEC Minya Cement.

ASEC Ready Mix produces ready-mix concrete while ASEC Minya Cement produces cement.

Qalaa Holdings and its unit National Development and Trading Company hold a 70% stake in ASEC Cement.

Beton 6 of Vietnam will delist its 33 million shares from the Ho Chi Minh City Stock Exchange (HOSE) as part of its business restructuring programme.

The cement producer noted that the delisting will take effect from 27 November 2015, while it intends to re-list its shares on the HOSE on completion of the business restructuring.

With a total value of CNY 767 million (€110.3 million/US$121.43 million), a 100% equity interest in China-based cement maker Yaowangshan Cement will be acquired by West China Cement (WCC) from China Jiantou Trust.

The acquisition will be settled in cash. The value comprises of CNY 376 million in shareholders' loans and CNY 392 million of share capital.

The US-based Portland Cement Association (PCA) has announced the addition of Rachel Derby to its Washington, D.C. staff. Derby will serve as vice president of government affairs, focusing on legislative relationships and advocacy.

PCA has also revealed that A. Todd Johnston has been promoted to executive vice-president of government affairs, and Collin Long has been promoted to senior director of government affairs.

“We are very pleased to have Rachel join PCA,” said James G. Toscas, PCA president

Zulfikri Subli, the company secretary of Semen Baturaja, is reported as saying that the cement producer has reported sales of IDR 1.03 trillion (€67.84 million/US$74.68 million) in the third-quarter of 2015, up 26.44% from the same quarter in 2014.

During the first nine months of 2015, total sales were at 1.087 million tonnes, up 27% from 853,089tonnes in the same period in 2014.

By end 2015, the company is aiming for sales of 1.5-1.75 million tonnes.

The increased sales have been attributed to sa

Plans for a new clinker and grinding plant in Kitui, Kenya are being postponed by the local Athi River Mining (ARM).

Works on the project will begin after the company streamlines its business in Tanzania; increases its EBITDA margins by 2016/17 to 29%, and pays off some debts in US dollars.

The plant was to be built with US$150 million (€136.25 million) under a two-phase capital spending plan during 2017-2020 with stage two to involve $100 million.

Aree Chavaltcheewingul from Siam Cement Group (SCG) said that the Thai cement producer is to invest to build a cement plant in Sukabumi, West Java.

Work on the US$365 million (€331.55 million) plant, with capacity of 1.8 million tonnes/year, has started.

The Thai cement producer is planning to increase its research and development budget to IDR 2.62 trillion (€172.49 million/US$189.89 million) and IDR 3.245 trillion respectively in 2016 and 2017.

During the third-quarter of 2015, its operations in

On 3-4 December, 2015, Petrozavodsk, Russia, will host the international exhibition Karelian Stone: Roads of Karelia 2015.

Its organisers are the Ministry of Natural Resources of Karelia (North-West) and exhibition agency Euroforum.

The exhibition will feature materials, equipment, mining and road construction machinery and services for the mining and road sector enterprises.