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CEMEX grows sales by 10% in 2Q23

CEMEX has reported its 2Q23 results with a 10 per cent growth in sales to US$4566m, a 29 per cent increase in operating EBITDA to US$961m, and an EBITDA margin expanding by 3.3 percentage points t...
News - 28 July 2023

Lucky Cement receives KCCI Export Trophy Award

Lucky Cement Ltd ( Yunus Brothers ) has received the KCCI Export Trophy Awards for its outstanding achievements in the international market. CEO of Lucky Cement Ltd, Muhammad Ali Tabba, was hono...
News - 27 July 2023

Uganda’s upturn awaits

Despite Uganda’s cement market remaining flat in FY21-22, expectations are for a revival in demand growth with the introduction of new infrastructure and housing plans. The country’s domestic indu...
Articles - 25 July 2023

Pakistan cement earns an export revenue of US$190m in FY23 (July -June)

Pakistan's cement industry saw a negative growth in exports in FY22-23 (ended 30 June 2023). Value and quantity were both down during this period. Pakistan cement industry's export earnings i...
News - 24 July 2023

InterCement sells African businesses to Huaxin Cement

InterCement Participações S.A . has reached an agreement with Huaxin Cement Co Ltd regarding the sale of InterCement’s businesses in Mozambique and South Africa. Following the announcement of t...
News - 04 July 2023

Khayah Cement boosts capacity to 1Mta

Zimbabwe-based Khayah Cement (previously Lafarge Cement Zimbabwe) has announced that it doubled its milling capacity in 2022. The second half of the year saw the company successfully commission ...
News - 04 July 2023

OPEC+ actions lift oil and the energy complex – coal and petcoke fall to 2020 levels on lower demand

By Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still caught in the fear that higher interest rates to fight inflation could start a recession and see demand fall. The market expe...
News - 30 June 2023

Afrimat acquires Lafarge South Africa Holdings

Lafarge South Africa Holdings (LSA) is being acquired by South Africa-based mining and materials company, Afrimat, The deal includes all the subsidiaries of the LSA Group, which will become part...
News - 22 June 2023

Pakistan cement exports continue mixed trend in 11MFY22-23

The cement industry in Pakistan continued to experience a mixed picture in export revenue during the first 11 months of the current financial year, which runs from July 2022 to June 2023. While th...
News - 21 June 2023

Tunisia’s times of uncertainty

The Tunisian cement sector is striving to maintain profitability as the domestic construction sector struggles to sustain a post-pandemic recovery. Exports are providing one way for the domestic p...
Articles - 19 June 2023