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InterCement's cement volumes remain stable in 3Q21 at 5.4Mt

InterCement reports that its total cement volume remained at a solid 5.4Mt in the 3Q21, reflecting stability YoY due to the sizeable comparison base of last year, when post pandemic pent-up demand...
News - 01 December 2021

PPC posts better-than-expected 1H in Zimbabwe

South Africa-based PPC has said its cement sales volume in Zimbabwe surpassed expectations as sales increased by 19 per cent in the six months to September as cement demand in the African country ...
News - 25 November 2021

Pakistani cement exporters face several challenges

The exports of cement and clinker from Pakistan have been affected by several factors, including a change in political set-up in Afghanistan, the persistent deadlock in trade between Islamabad and...
News - 24 November 2021

PPC sees 20% YoY rise in revenue

South Africa’s PPC Ltd has announced a 20 per cent YoY increase in revenue to ZAR5.13bn (US$324.5m) in the first half of the year, ended 30 September, compared with ZAR4.27bn in the year-ago perio...
News - 23 November 2021

Western Cape provincial government challenges cement import ban

South Africa’s Western Cape provincial government has reportedly challenged the recent decision by the National Treasury to ban the use of imported cement for state-awarded contracts, saying there...
News - 10 November 2021

Cemex reports net sales of US$3.8bn in 3Q21

Cemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disruption and a sudden r...
News - 29 October 2021

Sephaku Cement experiences second kiln stoppage

South Africa’s Sephaku Cement has experienced a further kiln stoppage, unrelated to the previous event announced on 30 September 2021. This second plant stoppage began on 16 October 2021 and is...
News - 22 October 2021

Dry bulk freight rates continue to soar

On 7 October 2021, the Baltic Dry Index, a global indicator of bulk freight rates, reached 5670, marking its highest level since September 2008. This compares to just 393 in mid-May 2020 at the he...
News - 13 October 2021

Cemex seeks to offset inflationary pressures with price hikes

Fernando A Gonzalez, CEO, opened yesterday's Cemex Day - Part II event with a look at some of the surprises of the last year. Not only has Cemex seen a 'V-shaped' recovery since the pandemic, it h...
News - 08 October 2021

Pakistan’s manufacturing costs rise

Coal FOB prices have increased from US$68/t in September 2020 to over US$210/t during September 2021, says the All Pakistan Manufacturing Cement Manufacturers Association (APCMA). Ocean freight...
News - 06 October 2021