Cement News tagged under: Business Report

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Indian cement stocks boosted 3% due to increasing bag prices

09 April 2024, Published under Cement News

Indian cement stocks have seen significant price increases, as major companies have imposed price hikes on bags of cement (averaging INR10-INR15 per bag).  The five key producers ( UltraTech Cement , Shree Cements , Ambuja Cement , ACC and Dalmia Bharat ) all experienced gains in share price, ranging between one and three per cent on 3 April 2024.  Sources in the industry have reported that various companies in the region have announced prices increases of INR10-15 per bag in t...

PPC's success in Zimbabwe is contrasted by surrounding regions

29 March 2024, Published under Cement News

South Africa-based cement manufacturer PPC Cement SA (PTY) Ltd  has announced that its operations in Zimbabwe are now debt free, with EBITDA improving 13.6 per cent, for the 10-month period ending January 2024).  However, in contrast, sales volumes for its South Africa and Botswana operations fell by four per cent when compared to the equivalent period in the previous year. A spokesperson for PPC said, “Sales volumes in the coastal region experienced a sharper decline than in the inland ...

Brimstone secures US$189m to decarbonise cement industry

26 March 2024, Published under Cement News

Brimstone , the California-based building materials company that specialises in low-carbon cement production, has been awarded an investment of US$189m by the US Department of Energy (DOE) Office of Clean Energy Demonstrations (OCED). The funding is to be used to finance the construction of a commercial-scale cement plant which incorporates Brimstone’s advanced decarbonisation technology.  The proposed plant would produce up to 140,000tpa of high-quality ordinary Portland cement (OPC) wh...