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HSBC downgrades Holcim

HSBC downgrades Holcim to neutral from overweight and raises target to CHF77 from CHF75 on expectations of a recover...

Fitch Affirms Siam Cement at 'A(tha)'; Outlook Stable

Fitch Ratings (Thailand) Limited has affirmed The Siam Cement Public Company Ltd's (SCC) national long-term rating a...

Development Bank of Ethiopia withdraws Habesha Cement loan

The Development Bank of Ethiopia (DBE) has withdrawn an ETB1.52bn (US$82.9m) loan agreement made with Habesha Cement...

Nuh Cimento appoints general manager, Turkey

Hayrettin Sener, factory director of Turkey-based cement producer Nuh Cimento company, has been appointed General Ma...

PPC targets African expansion strategy

PPC said in a trading update that it is pursuing additional buyout opportunities in Africa, which it expects to anno...

Siam Cement profits recover in 4Q12

Siam Cement (SCC) said its profits more than doubled in the 4Q12 after sales rebounded from flooding a year earlier ...

Egypt's cement sector faces decline in natural gas supply

In a filing sent to the Egyptian Exchange, Suez Cement reported that Egypt's cement sector is facing a decline in na...

Oman Cement posts 4Q12 record performance

Oman Cement posted the best quarterly performance in the 4Q12 with sales revenue reaching OMR15.308m (US$39.7m) show...

Kenya: Cemtech gains cement plant licences

The government has granted all required licences for the construction of the KES12bn (US$136.9m) Pokot Cement Factor...

Holcim Apasco: cement consumption in Mexico expanded 3.5% in 2012

Holcim’s Mexican arm, Holcim Apasco, estimates that cement demand in the country grew 3.5 per cent in 2012 compared ...