Adani Group to set up new cement grinding unit
Adani Group has announced plans to set up a 2Mta cement grinding unit in Guna, Madhya Pradesh, India. At the same time, the group is going to develop a state-of-the-art prope...
South Asia
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UltraTech secures US$500m sustainably-linked financing for FY27 expansion goal
UltraTech Cement , India's leading cement manufacturer, has unveiled an ambitious plan to expand its production capacity to over 200Mta by FY27. This strateg...
Adani Group holding company sells US$500m stake in Ambuja Cements Ltd
Holderind Investments, an Adani Group -owned company, is selling US$500m worth of shares in Ambuja Cements Ltd , according to a Reuters report released on 22 August 2024. ...
Dalmia Bharat Ltd shares 1H24 results
Dalmia Bharat Ltd has shared its financial results for the first half of 2024, ended 30 June 2024. The installed cement capacity on this date was 45.6Mta. Sales volume saw ...
LC3 and LC2 – the low-carbon business opportunity
Increasing urbanisation is expected to result in a significant share of the world population living in a built environment that, unless sustainable construction materials are u...
Holcim Philippines appoints new president and CEO
Nicolas George has been appointed as the new president and chief executive officer of Holcim Philippines . Mr George, who took up the role on 1 August 2024, takes over from Ho...
Siam Cement Groups revises down 2024 targets
A slowdown in the Thai economy has prompted Siam Cement Group (SCG) to lower its revenue expectations for 2024. The company had forecast growth of 20 per cent this year but h...
Ramco Cements sees 55% fall in net profit
The Ramco Cements Ltd reported a 55 per cent fall in net profit to INR355m (US$4.24m) during the quarter ended 30 June 2024, compared to INR793m in the same quarter of 2023. ...
YTL Cement to acquire NSL
Malaysian cement producer, YTL Cement, has agreed to acquire Singapore-based NSL for MYR792m (US$169.5m). According to Business Today, NSL is principally involved in the prov...
Boiler explosion kills two and injures 14 at UltraTech plant
A boiler explosion at the UltraTech Cement factory in the Jaggaihpet region of India has reportedly killed two workers and injured 14 others. Of the injured, Av...