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S&P upgrades CEMEX investment grade

Rating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investme...

Andhra Cements posts income growth QoQ

India’s Andhra Cements , part of Sagar Cements , has posted total income of INR993m (US$11.89m) in the quarter end...

Bangladesh forecasts demand for clinker by 2027

Bangladesh has estimated a significant growth in demand for raw materials for steel and cement industries by 2027. A...

Pakistan's State Bank notes export growth in 1HFY23-24

The State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth durin...

CRH revenue up 2% YoY in 1Q24

CRH has reported total revenue of US$6.5bn in the opening quarter of 2024, ended 31 March. This marks a two per ce...

US building materials groups report strong 1Q24

CemNet has a look across the pond at how three US building materials companies have fared in the 1Q24. While results...

Italian cement expanding amid strong government spending

Italian cement output continues to expand, rising 10 per cent YoY in February 2024, according to the latest data fro...

Gunmen abduct Dangote workers at Okpella

Gunmen stormed Dangote Cement ’s Okpella plant in Edo State, Nigeria, on 14 May, abducting dozens of plant worker...

Hail Cement sees 19% drop in 1Q net profit

Hail Cement posted 1Q24 sales of SAR73.8m (US$19.7m), up by 19.2 per cent when compared with SAR61.9m in the 1Q23....

Saudi cement sales up 13% YoY in April

Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previ...