UltraTech agrees to acquire India Cements grinding facility
India’s leading cement producer, UltraTech Cement , has agreed to purchase a 1.1Mta grinding facility in Parli in Maharashtra for INR3.15bn (US$37.8m) from India Cements Limited...
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VNCA calls for government intervention in Vietnam cement industry
The Vietnam National Cement Association (VNCA) has reported that the country’s cement sector is in crisis, as a number of major players are at risk of bankruptcy or foreign acqu...
CEMEX Philippines opens a new strategic warehouse in Batangas
In response to increasing demand for high-quality construction materials in the region, CEMEX Philippines has opened a strategic warehouse in Barangay Pangao West, Ibaan, Batang...
Indian cement stocks boosted 3% due to increasing bag prices
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...
Indian cement leaders will expand capacity by 42.1Mta in FY24-25
UltraTech Cement announced plans to commission an additional 5.4Mta of production capacity, which will bring its overall capacity to 151Mta. This expansion is part of a wider ef...
West China Cement Ltd announces a 65% drop in net profit
West China Cement Ltd has reported a 65.3 per cent decrease in its net income from CNY1214.8m (US$168.7m) in 2022 to CNY421.3m in 2023. This came as sales revenue rose slightly ...
Asian producers warned over carbon price liability
Asian cement companies will see consistent negative margins in the next decade if they do not decarbonise, according to a report by the Imperial College Business School. The rep...
Taiwan Cement plant has 107MWh battery commissioned
Nhoa Energy, a unit of Nhoa SA, formerly Engie EPS, has announced the commissioning of a 107.3MWh energy storage project at a Chinese plant of Taiwan Cement Group (TCC Group). A...
Cement production growth fuels record-high emissions in China
A 4.1 per cent YoY increase in China’s cement production in the first quarter of 2023 has contributed to a four per cent rise in the country’s CO 2 emissions, marking a record h...
India focusses on net zero concrete
Representatives of more than 75 renowned academic institutions and businesses from across the world have gathered in New Delhi, in India, to participate in the Innovandi Global ...