Three workers died in a fire in a fuel tank at Lafarge Malaysia’s Rawang cement plant.
Asia & Pacific Rim
HeidelbergCement saw cement and clinker sales up 2% in 3Q17 on positive reports from all geographies except North and East Europe and Central Asia.
Quarterly earnings fell in 3Q17, continuing a tough year for the cement maker amid challenging market conditions.
Net income at Cemex Holdings Philippines has fallen by two thirds so far in 2017, despite a slight pick up in business in 3Q17.
LafargeHolcim reported a solid rise in like-for-like cement sales in 3Q17, while earnings benefitted from growth in the Americas and Europe.
China will drag down average cement consumption growth over the next five years, as the country continues to battle overcapacity, counterbalancing a rosier outlook elsewhere.
Dalian Cement has switched to a synthetic grease from ExxonMobil on its hammer crusher, reducing operating costs.
Two Eagle Cement projects have been approved under the Philippine’s Investment Priorities Plant, allowing the company to receive tax incentives on its investment.
Cemex is celebrating 25 years since it first implemented its international diversification strategy.
The listed units of CNBM and Sinoma are to merge, following the combination of their parent companies last year.
CEMEX Holdings Philippines has been fined over a spillage of heavy fuel oil at its SOLID Cement subsidiary in September 2015.
Indonesia’s construction sector will grow 7% per year over the next decade – although the growth will be regionally uneven and challenged by land acquisition delays.