Search Results
India prepares for the upturnAfter a strong first quarter, India’s cement demand experienced a setback in April and May. However, monsoon preparations helped the market recover in the following month and the outlook following...Articles - 03 October 2016 |
Lafarge Zimbabwe finds cash shortages restrictiveLafarge Zimbabwe's cement sales for the interim period "were subdued due to increased competitive activity in the total market following the influx of cement imports into the country as well as ...News - 03 October 2016 |
Lafarge Zimbabwe losses increase to US$2.2mLafarge Zimbabwe has announced a 1H16 loss of US$2.2m, an increase from the 1H15 US$1.3m loss, the Insider reports. Competition from cheap imported cement and rising output from other domestic ...News - 30 September 2016 |
UltraTech CementUltraTech is one of 10 companies being fined by the Competition Commission of India (CCI) for allegedly conspiring to fix cement prices, contravening competition law. The total fine amounts to US$...Corporate - 27 September 2016 |
Nigeria: Lafarge Africa refinances with five-year bondsLafarge Africa (LafargeHolcim Group) has raised NGN60bn (US$184m) by issuing three and five-year bonds through book building. The cement producer issued a three-year bond at 14.25 per cent to rais...News - 23 September 2016 |
UK cement after BrexitThe UK’s cement sector has seen substantial change in the last 12 months, with new cement producers coming to the market and a raft of legislation to ensure a competitive market for customers goin...Articles - 21 September 2016 |
Malaysia: Lafarge to pay for dust cleaningLafarge Cement Sdn Bhd has agreed to bear the cost of cleaning up the homes of residents in three villages affected by dust accidentally released from one of its plants last Monday as a result of ...News - 16 September 2016 |
India: Nirma raises US$598m to finance Lafarge acquisitionNirma Group, which in July won the race to buy Lafarge India for a reported US$1.4bn, has raised INR40bn (US$598m) from a bond sale to finance the purchase, the Economic Times reports. Nirma ha...News - 16 September 2016 |
Kenyan cement firms feel the squeezeThis week the Kenyan National Bureau of Statistics announced that KES2.2bn (US$21.7m) of cement was imported from China in the 1H16 - a 10-fold YoY increase. While full-year domestic cement consum...News - 16 September 2016 |
USA: Lafarge to part-close Joppa plantLafarge North America has announced it is to close one of the two kiln lines at its Joppa plant in southern Illinois and lay off about 40 workers. The move, reported by local media, has been at...News - 15 September 2016 |