FLSmidth reports 28% revenue increase in 1H23
FLSmidth has reported revenue of DKK12,415m (US$1822m) in the first half of 2023, compared to DKK9733m in the same period a year earlier. EBITDA fell from DKK770m in the 1H22 to...
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Monarch Cement posts increased net sales in 1H23
US-based The Monarch Cement Co has reported condensed consolidated net sales of US$121.94m in the first half of 2023, up from US$95.85m in the same period a year earlier. Gross ...
CEMEX updates sustainability-linked Financing Framework
CEMEX has updated its sustainability-linked Financing Framework to align with its more ambitious 2030 decarbonisation targets, announced on November 2022 and validated by the Sc...
Votorantim Cimentos reports BRL470m net profit in 2Q23
Votorantim Cimentos ended the 2Q23 with BRL470m net profit, a 28 per cent increase compared to BRL366m (US$74.68m) in the same period last year. The company’s global net revenue...
Boral reports 17% YoY jump in revenue in FY23
Australia-based Boral has reported a 17 per cent YoY increase in revenue to AUD3460.6m (US$2267m) in the fiscal year ended 30 June 2023 (FY23). EBITDA over the same period advan...
Argos reports a 26% EBITDA growth in 1H23
Argos (Group Argos) had a solid operating period in the 1H23 recording an EBITDA of US$278m, an increase of 26 per cent and a sales rise of eight per cent or US$1.5bn. During th...
Brazilian cement demand slips in July
Cement sales in Brazil decreased by 0.5 per cent YoY to 5.476Mt in July 2023 from 5.503Mt in the year-ago period, according to the national cement association, SNIC. While the m...
Mining sector dominates FLSmidth 1Q23 results
FLSmidth has reported group revenue of DKK6016m (US$886.6m) in the first quarter of 2023, up 27.8 per cent from the DKK4706m recorded in the 1Q22. Group EBITA over the same peri...
Buzzi SpA sees 1H23 volumes decline in Europe
Buzzi SpA reported cement volumes declining across much of western Europe in the 1H23, while the USA saw volumes rise significantly. Hydraulic binders and clinker sales in Italy...
Rwanda commissions new cement plant
Rwandan President, Paul Kagame, inaugurated on 3 August 2023 the AnJia Cement Factory, a Chinese-funded cement plant Muhanga Industrial park, Southern Province, Rwanda. The AnJi...