Search Results
Cement players expect demand in FY24 to remain stableTopline Securities hosted the Pakistan Cement Conference 2023, where top executives of major cement players Maple Leaf Cement (MLCF), Lucky Cement (LUCK), DG Khan Cement (DGKC), Cherat Cem...News - 16 June 2023 |
South Valley Cement reports loss in 1Q23Egypt’s South Valley Cement Co has reported net losses after tax of EGP37.05m (US$1.19m) in the opening quarter of 2023, up from EGP31.2m in the same period a year earlier. Sales over the same t...News - 06 June 2023 |
CEMEX acquires mortar plant in SpainCEMEX has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions. The new plant is equipped with the latest technology to ena...News - 24 May 2023 |
New slide in oil pushing coal lower and petcoke below US$100 due to demand fears after new rate hikesBy Frank O. Brannvoll, Brannvoll ApS, Denmark IMF downgraded global growth to 2.8 per cent and warned of a “rocky recovery” due to inflation and falling demand. The US Federal Reserve (Fed) ...News - 22 May 2023 |
Clinker substitution takes hold in AfricaGhana's cement producers have struck out on a decarbonisation and low-carbon cement path. By using local resources for raw materials and reducing the clinker factor, cement manufacturers are targe...News - 12 May 2023 |
Votorantim Cimentos revenue jumps 18% in 1Q23Votorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 per cent to BRL779m,...News - 12 May 2023 |
Osvaldo Ayres new global CEO Votorantim Cimentos, Marcelo Castelli new board memberOsvaldo Ayres Filho, Votorantim Cimentos’ current COO, has been promoted to the position of global CEO of the company. He succeeds Marcelo Castelli, who will become a member of the Board of Direct...News - 09 May 2023 |
Cemex sales up 9% YoY in 1Q23Cemex has reported strong results in the opening quarter of 2023 with sales expanding by nine per cent YoY to US$4036m and EBITDA seeing six per cent growth to US$733m, driven by pricing, decele...News - 03 May 2023 |
Patrick Vericel becomes majority shareholder of MLT Minet Lacing TechnologyPatrick Vericel has become the new majority shareholder of the MLT Group Conveyor solutions company, MLT Minet Lacing Technology, based in Saint-Chamond, France, has announced that on...News - 27 April 2023 |
OPEC + surprise cut sends oil sharply higher, coal stable petcoke sliding sending discount back to neutral zoneBy Frank O. Brannvoll, Brannvoll ApS, Denmark The story of inflation and central bank rate hikes continues. Inflation figures from the US were at five per cent in March, awaiting another 0.2...News - 26 April 2023 |