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Holcim records net sales of CH6834m in 2021Holcim recorded net sales of CH6834m (US$7367m) for 2021 were up 11.3 per cent on a like-for-like (LfL) basis and 16 per cent higher in Swiss francs, compared to the prior year. The record grow...News - 28 February 2022 |
India’s National Green Tribunal halts environmental clearances for Babarkot limestone miningThe National Green Tribunal (NGT) in India has stopped environmental clearances for two limestone mining sites in Babarkat village, Jafrabad, Amreli. The step results in a significant delay for U...News - 28 February 2022 |
Ambuja Cements targets rapid expansionHaving recently released its 2021 financial results this week, Ambuja Cements has announced expansion plans as it looks towards reaching 50Mta of cement capacity. ICR Research investigates the m...News - 25 February 2022 |
USG spot freight market sees pressure on ratesThe USG Supramax/Ultramax spot freight market had a negative month. Tonnage supply was bigger than the cargo list and ballasting vessels from the European continent only put additional pressure on...News - 25 February 2022 |
Ambuja Cements plans INR35bn capacity upgradeAmbuja Cements , owned by Switzerland-based Holcim , has announced a INR35bn (US$467m) investment plan for the 7Mta expansion in its existing capacities at Sankrail and Farakka in West Bengal an...News - 22 February 2022 |
Pakistan's cement and clinker exports declinePakistan's cement and clinker exports have decreased in the first seven months of the FY21-22. According to local analysts, historically, when domestic demand is booming, exports take a backseat...News - 22 February 2022 |
Geopolitical risk drives entire energy complex higher with oil at 8-year peak and coal supporting petcoke pricesBy Frank O. Brannvoll, Brannvoll ApS, Denmark The euro rose sharply from US$1.1150 to US$1.1450 after the European Central Bank hinted that rate hikes were on the way, based on fear of highe...News - 19 February 2022 |
Ambuja Cements record 23% net sales YoY growth in full year 2021Ambuja Cements (Holcim group) reports net sales for the full 2021year stood at INR 137,940m (US$1.83m) compared to INR 111,750m in the previous year, registering a growth of 23 per cent Y...News - 18 February 2022 |
ACC Ltd commissions new grinding capacity in TikariaACC Ltd has commissioned 1.6Mta grinding capacity in Tikaria , Uttar Pradesh, India. The project has expanded cement capacity at the Tikaria plant to 3.91Mta. “As announced earlier, the com...News - 16 February 2022 |
Bangladesh export dispatches rise in 7MFY22Bangladesh’s cement industry has earned export revenue of US$4.66m in the seven months of FY21-22 (July 2021-January 2022), compared to US$4.42m in the year-ago period. This reflects a growth of 5...News - 09 February 2022 |