Argos' adjusted EBITDA totals COP672bn in 4Q23
For the fourth quarter of 2023, Argos ' adjusted EBITDA stood at COP676bn (US$172.2m), increasing 12 per cent compared to 4Q22. The results were driven by strong pricing dynamic...
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Electrified Thermal Solutions secures US$5M decarbonisation funding
In late January, the US Department of Energy (DOE) announced a US$171m investment, funding 49 projects across 21 states to help cut industrial greenhouse gas (GHG) emissions. El...
Summit reports 10% revenue advance in 2023
Summit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per ...
US and Puerto Rican market expands 3% in November
Total cement dispatches of Portland and blended cement in the USA and Puerto Rico, including imports, picked up by 2.6 per cent YoY to 8.7Mt in November 2023, according to the U...
Medcem announces terminal partnerships in UK
Turkey’s Medcem has announced a partnership with Brett Concrete, one of the largest independent concrete companies in the UK, to establish a terminal at Sheerness Port in Kent, ...
CalPortland launches dedicated Carbon Reduction Team
CalPortland has announced the creation of a Carbon Reduction Team focussed on research and development and the implementation of decarbonisation projects. The team will be led b...
Sublime Systems wins award to advance electrolyser technology
US-based Sublime Systems has been awarded US$6.7m from the Department of Energy Industrial Efficiency and Decabonization Office to advance its innovative electrolyser technology...
US DoT announces funding for slag in cement research
The US Department of Transportation (DoT) has announced a US$5m funding opportunity for a research initiative on the use of steel slag in cement and concrete. The funding will s...
CRH completes Hunter plant and Texan ready-mix acquisitions
CRH has completed the US$2.1bn acquisition of Martin Marietta Materials Inc in Texas, USA. The deal was first announced on 21 November 2023 and the combined assets are expected ...
Monarch Cement embarks on groundbreaking solar project
US-based Monarch Cement Co and Evergy Energy Solutions are collaborating on a groundbreaking solar project that is expected to serve as a model for the cement industry’s use of ...