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BofAML forecasts 2H16 oil price recovery; downside risks prevail as OPEC meeting ends in acrimony

Brent crude oil prices are expected see a recovery in the second half of next year, leading to average price of US$5...

Holcim to close five Belgian concrete plants

Holcim Belgique announced the closure of five concrete plants in Belgium to union representatives. The step will aff...

Mexico: Cruz Azul opens second Palmar de Bravo line

Mexico's Cooperative la Cruz Azul recently opened a second production line at its Palmar de Bravo cement works, oper...

China’s ICBC and Anouar sign US$171m financing agreement

Morocco’s investment group Anouar Invest has signed a financing agreement with the Industrial and Commercial Bank of...

US October shipment update – preliminary data

Portland and blended cement shipments in the US and Puerto Rico amounted to 9.32Mt in October, according to prelimin...

Competition Appellate Tribunal sets aside penalty on 11 cement companies

The Competition Appellate Tribunal of India has set aside a US$945m penalty imposed on 11 cement firms by the Compe...

Moody's places Votorantim Cimentos' Baa3 ratings under review for downgrade

Moody's Investors Service has placed Votorantim Cimentos SA's Baa3 senior unsecured rated debt and issuer rating un...

Egypt: Beni Suef Cement starts SRC production

Beni Suef Cement has started to produce sulphate-resistant cement (SRC) for use in tunnels and other special project...

Vice chairman of Vassiliko Cement resigns

The executive vice chairman of Vassiliko Cement Works (VCW), Maurizio Caneppele, resigned last week, according to an...

IKN wins contract for pyroline in Germany

In August 2015, IKN was awarded the contract for the engineering, supply and installation of a complete 4000tpd pyro...