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Companies circle for InterCement's assetsCompanhia Siderúrgica Nacional (CSN) and a consortium led by Votorantim Cimentos , including Polimix and Buzzi, have made binding proposals for the purchase of the assets in Brazil of Loma Neg...News - 26 February 2024 |
Prospects for the GCC industryThe Gulf Cooperation Council (GCC) economy has come under pressure from falling oil revenues, but economic diversification is paying off. Moving into 2024, cement market growth is expected across ...Articles - 19 February 2024 |
CEMEX reports 8% sales growth in 4Q23CEMEX has reported an eight per cent growth in sales in the 4Q23, plus a 20 per cent increase in EBITDA and a more than doubling of free cash flow (FCF) after maintenance capex to US$1.2bn. CE...News - 09 February 2024 |
Pakistan extends T&T implementation deadlineThe Federal Board of Revenue (FBR) has launched the Track and Trace System (TTS) that was to be rolled out across the cement, sugar, fertiliser, beverages, tobacco, POL products and steel sectors ...News - 02 February 2024 |
PPC concludes 51% CIMERWA stake disposalPPC has concluded the sale of its 51 per cent stake in CIMERWA , Rwanda. The South Africa-based cement producer sold its shareholding for US$42.5m to National Cement Holding Ltd. The sale enabl...News - 29 January 2024 |
PPC welcomes new executive committeeSouth African cement producer PPC has restructured its executive committee to help boost the company’s profitability amidst forecasts of low cement demand across the country, according to The He...News - 24 January 2024 |
Afghan coal price surge impacts northern Pakistan cement production costsA spike in Afghan coal prices has affected the cost of cement production in northern Pakistan. JS Research reports that the northern-based cement companies, which operate 20 of the 26 production l...News - 08 January 2024 |
InterCement completes sale of Africa businessesInterCement Participações SA has announced that the divestment of its businesses in South Africa and Mozambique – collectively known as the ‘Africa Business’ – to Huaxin Cement Co. Ltd (China), ha...News - 28 December 2023 |
USG Supramax market skyrocketing as demand/supply plays in owners’ favour and congestion impacts Panama CanalBy Brannvoll ApS, Denmark USG Supramax/Ultramax market remained healthy during the month with rates rising above previous issue’s levels as tonnage for November dates appeared tight, while dema...News - 27 December 2023 |
2023: what a year for the cement sector!An overview of 2023 in the cement world reveals how carbon capture and decarbonisation initiatives were fully embraced by the industry. The pipeline of new projects gained unstoppable momentum as ...News - 22 December 2023 |