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Due to an oversupply of cement in Vietnam, it is being reported that there is a possibility that LafargeHolcim Group may exit from the country. It is estimated that the production of cement in the country is 81.56 million tonnes, while in 2016, consumption demand for cement is between 75 million tonnes and 77 million tonnes.

Ireland-based CRH saw its overall group revenues rise by 9% in Q1 2016, with a 22% rise in its American segment and a 12% increase in Asia. The building material firm also spent €85 million on investments and takeovers while selling €78 million worth of assets.

The power of three is often said to lead to success – but it’s the power of four that Cotswold Stone Solutions is toasting in 2016. The Cheltenham, county Gloucestershire, England-based company goes from strength to strength with the acquisition of a new quarry, a state-of-the-art new processing plant, planning permission for an existing quarry extension, and the appointment of a well-known industry heavyweight to the firm’s board of directors.

According to Francesco Caltagirone Jr, t CEO of Italian cement manufacturer Cementir, cement consumption dropped 7% in Italy in the first quarter of 2016. He says consumption should become stable in the future. Caltagirone also said that before the market crisis that hit the country, cement production capacity was higher than 40 million of tonnes, while now it equals 20 million of tonnes.

For the quarter ended 31 March, 2016, after-tax profit of Pakistan’s Lucky Cement declined 2.65% to PKR 4.10 billion (€34.83 million US$39.12 million) from PKR 4.20 billion in the same period of 2015. Its revenue, on the other hand, grew 2% to PKR 21 billion from PKR 20.5 billion in the quarter under review.

Breedon Aggregates says it is continuing to make good progress with pre-integration planning for the acquisition of Hope Construction Materials. “We also welcome today’s positive response from the Competition and Markets Authority [CMA] regarding the undertakings we have offered to alleviate its concerns over competition in a limited number of local ready-mixed concrete markets,” said Peter Tom, chairman of Breedon Aggregates.

Tomas Kuta will become Volvo Construction Equipment’s new Senior Vice President, Sales on 1 June 2016. Having worked for the company since 1997 in a variety of senior management roles, Kuta’s new leading role will see him responsible for leading the development and delivery of Volvo CE’s global sales strategy. He will serve as part of the executive management team and report to company President Martin Weissburg.

Cementir Holding (Cementir), the Italian cement and construction materials specialist, may be considering new acquisitions in Europe in order to “reinforce or complete its geographical presence,” according to Francesco Caltagirone Jr, its CEO. He is reported as saying that the company excludes the possibility of carrying out acquisitions in the US, and it prefers to “focus on sectors where it can become a leading operator.” For example, Caltagirone said that Cementir intends to focus on the white cement sec

In Bihar of India, a new grinding plant has been commissioned by Ultratech Cement. The Pataliputra plant has a 1.6 million tonne/year capacity and is the 15th grinding unit of the company. It will cater to the eastern Indian markets where growth in cement demand has been higher than the average in the industry over the past two to three years.

An order has been placed by Turkey-based Adana Cimento Sanayii (Adana Cement) with Germany-based Loesche for a vertical roller mill for the company’s works in southern Turkey. Adana Cement will use the mill, type LM 46.6, to grind 200tonnes/hour of raw material to white cement.

Cement manufacturer PPC Zimbabwe, owned by South Africa-based PPC, says that the construction of its major cement plant in Harare, Zimbabwe, is now over 50% complete. The facility is expected to become operational before the end of 2016. The plant will make 700,000tonnes of cement/year when complete.

In the next three years, the Greek cement group Omilos Eterion Iraklis, part of the Switzerland-based group LafargeHolcim, will invest an amount of more than €20 million towards the implementation of its business plan initiatives, product innovations and its further growth within the Greek market.

Trimble is partnering with the University of Cambridge in England to collaborate on research to advance technology development in the engineering and construction industry. Trimble will work closely with the university’s Laing O’Rourke Centre Construction Information Technology Laboratory (CIT). CIT is a state-of-the-art research facility with a mission to solve complex engineering problems and automate difficult construction tasks with decision support tools. These cutting-edge tools will recognise data pa

IronPlanet and Cat Auction Services have staged their inaugural European unreserved public auction including quality used Caterpillar equipment. Hosted by Finning, the groundbreaking event was staged at Rockingham Motor Speedway near Corby, in Northamptonshire, England, on Wednesday 20 April 2016. Around 60% of bids for the large array of used Caterpillar from Finning equipment, as well as used equipment from a number of other leading OEMs including JCB, Doosan and Volvo, came from online customers from acr

Volvo Construction Equipment president Martin Weissburg believes the brand’s increasingly popular heavyweight champions will allow the industry giant to push for growth – despite flat sales in Q1 2016. “Our market share continues to increase in the heavy machine segment and the introduction of larger articulated haulers and excavators will generate significant productivity gains for customers and allow Volvo CE to enter new segments,” said Weissburg.

Hyundai Heavy Industries Group (HHI Group) has set an ambitious 2016 equipment sales target of US$22 billion (€19.46 billion).

And the Construction Equipment division of Hyundai Heavy Industries – part of the South Korean-headquartered HHI Group - is expecting Hyundai Heavy Industries Europe (HHI Europe) to play a key role in achieving this worldwide sales goal after its most successful year ever in 2015 – with more than 5,000 units sold and 8% growth in turnover for construction equipment and forklifts.

For the nine months ended March 2016, profits of Cherat Cement increased by 11% to PKR 1.04 billion (€8.8 million/US$9.93 million) from PKR 938.21 million in the same period of 2015 in Pakistan.

The company's total sales were reported at PKR 5.22 billion against PKR 4.72 billion in the period under review.

Earnings per share, however, declined 2.15% to PKR 5.91.

In August or September 2016, an initial public offering (IPO) will be launched by Waskita Beton Precast (Waskita Beton) in Indonesia.

Proceeds raised from the IPO will be used by the company for expansion.

It estimated that IDR 3 trillion (€201.65 million/US$227.53 million) to IDR 4 trillion will be raised by the concrete producer from the transaction.

The company is a Waskita Karya unit, and in 2016 output capacity will be raised by Waskita Beton to 2.4 million tonnes.

According to Lafarge Algérie, Algeria will produce a surplus of 2 million tonnes of cement in 2016, thus switching from cement importer to cement exporter.

The country will achieve this performance thanks to a 7 million tonne production increase of the three main cement producers, Lafarge, Gica and a private operator.

Lafarge will increase its gypsum production capacities in Algeria by 50% and open 15 Batistore construction material supermarkets by late 2016, while the Cilas cement plant of Biskra wil

Buzzi Unicem, the Italian construction materials specialist, has successfully carried out the placement of a bond with a nominal value of €500 million (US$564.16 million) and a seven-year duration.

The notes were placed exclusively with qualified investors, bearing a minimum denomination of €100,000 and a fixed annual coupon of 2.125%.

The emission price was 99.397% of the nominal value.

The placement was oversubscribed by six times the offer.

Standard & Poor's confirmed a BB+ rating for the not