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Vicat sees 8% like-for-like advance in 1Q sales

Vicat reported a 1.2 per cent YoY (+7.9 per cent like for like (lfl)) uptick in consolidated sales to EUR911m in the first quarter of 2024 from EUR899m in the 1Q23. The company attributes the posi...
News - 01 May 2024

UltraTech Cement sales up 9% YoY

India’s UltraTech Cement , part of the Aditya Birla Group, has reported a strong performance in the 4QFY24, ended 31 March 2024. Consolidated net sales for the three-month period came in at INR20...
News - 30 April 2024

Sanghi Industries sees revenue decline YoY

Sanghi Industries has posted revenue of INR2883.3m (US$34.5m) in the quarter ended 31 March 2024. This compares to INR2270.1m in the same period a year earlier. Net loss over the same period cam...
News - 30 April 2024

ERP for increased cement industry efficiency

Enterprise resource planning (ERP) brings together the myriad of data flows in a cement company, enabling staff to make informed decisions on how to manage operations. This article provides an ove...
Articles - 30 April 2024

Indian cement demand continues apace but undersupply looms

Indian cement consumption rose 7.9 per cent YoY in 2023, amounting to 418Mt, according to ICR Research. Per capita consumption increased to 293kg in 2023, up from 273kg a year earlier, but is stil...
News - 30 April 2024

Shiva Cement reports loss in FY24

India-based Shiva Cement Ltd has reported revenue from operations of INR1444.5m (US$17.3m) in the quarter ended 31 March 2024. This compares to INR978.5m in the previous quarter. The company saw...
News - 29 April 2024

Saint-Gobain sales slip 6% in 1Q24

Saint-Gobain has reported total group sales of EUR11,356m in the first quarter of 2024, down 5.8 per cent from EUR12,406m in the same period a year earlier. According to the company, the decline...
News - 29 April 2024

Indian cement demand to grow by 6-7% in FY24-25

Indian cement volume growth recovered to a healthy 7-8 per cent YoY in the last quarter (1 January 2024-31 March 2024) of FY23-24, on aggressive volume push, after growing ~15 per cent YoY in the...
News - 26 April 2024

Oil rallies above US$90, coal and petcoke dragged higher as geopolitical tensions increase

By Frank O. Brannvoll, Brannvoll ApS, Denmark Geopolitics once again dominated the energy complex. Fear of the Gaza conflict spreading towards Lebanon and Iran added a risk premium to oil, d...
News - 26 April 2024

Limited USGC demand for Supramax/Ultramax shipments leads to rate cuts by owners

By Brannvoll ApS, Denmark The USG Supramax/Ultramax freight market showed positive tendencies during the first half of March, mainly driven by a strong market in the east coast of South America...
News - 25 April 2024