• RUSSIA - Conch builds $500m cement plant in Russia

    Conch intends to build a plant in the Ulyanovsk region, the governor’s press office announced on Tuesday. On the 19th of July, within the framework of the Russia-Chinese Council for Cooperation Between Regions of Volga Federal District and Upper and Middle Channels of Yangtze Ri

  • UltraTech Cement’s net profit on the rise

    Bloomberg are reporting that UltraTech Cement’s net profit increased 28.3% to Rs 775 crore in the first quarter of the financial year 2016-17, compared to the same period last year. Total revenue increased 3.9% to Rs 6182 crore from the same quarter last year. Analysts had proje

  • Sinoma signs US$370m deal with Dangote for clinker line and slag grinding plant

    Nigeria: Sinoma International, a subsidiary of Sinoma, has signed two engineering, procurement and construction deals with Dangote Cement worth a total of US$370m. The first, project worth US$281m, is to build a 6000t/day clinker production line for Okpella Cement, a subsidiary o

  • Taiwan Cement to expand microalgae production to tackle CO2

    Taiwan: Taiwan Cement plans to expand its microalgae unit to boost astaxanthin production from waste CO2. The cement producer intends to invest US$6.25m towards enlarging its existing microalgae unit into a 20-hectare outdoor microalgae farm with an estimated annual production va

  • Sandvik to sell Mining Systems operations

    Sweden: Sandvik has signed an agreement to divest its Mining Systems operations to the private equity company CoBe Capital. Sandvik will maintain ownership of on-going projects that are close to completion. The deal is expected to complete during the fourth quarter of 2016. No pu

  • Department of Trade and Industry ask Philippines cement producers to explain price disparity

    Philippines: The Department of Trade and Industry (DTI) has asked cement producers to explain differences in cement prices in certain areas of the country. Price monitoring by the DTI has spotted discrepancies between the high price of cement in Region XII, specifically in Cotaba

  • CAC joins Carbon Pricing Leadership Coalition

    The Cement Association of Canada has announced that it has become a member of the Carbon Pricing Leadership Coalition as a strategic partner and to join with other leading Canadian companies participating in a joint strategic statement issued by the Honourable Catherine McKenna,

  • Cemex Philippines rises 4.2%

    Reuters are reporting that shares of Cemex Holdings Philippines Inc opened at 11.20 pesos, above the offer price for Southeast Asia's second-largest initial public offering this year. The IPO was priced at 10.75 pesos, raising 25.13 billion Philippine pesos (US$537 million), the