Weekly Newsletter

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US and Puerto Rico imports increase 16% in July

US and Puerto Rico imports increase 16% in July

Portland and blended cement shipments in the USA and Puerto Rico slipped 2.1 per cent to 9.3Mt in July 2023 when compared with July 2022, when 9.5Mt was shipped, according to th...

Shree Cement approves NCDs to fund expansion

Shree Cement approves NCDs to fund expansion

Shree Cement has approved plans to raise INR7000m (US$84.11m) through the issue of non-convertible debentures (NCD) on a private placement basis. According to Realty, the secure...

CRH completes latest phase of buyback

CRH completes latest phase of buyback

CRH plc has completed the latest phase of its share buyback programme, returning a further US$1bn in cash to shareholders. Between 30 June 2023 and 22 September 2023, 17.7m ordi...

CEMEX in refinancing talks with banks

CEMEX in refinancing talks with banks

CEMEX is in talks with its banks over the refinancing of a US$3bn credit facility, according to Reuters. Fernando Gonzalez, the company’s CEO, hinted that refinancing might be a...

Cementos Argos inaugurates solar park in Honduras

Cementos Argos inaugurates solar park in Honduras

Cementos Argos has opened its new solar park at its Choloma unit in Río Blanquito, Honduras. The facility is the second-largest in the Honduran cement industry. The company has ...

PPC reports improved results in 5MFY23-24

PPC reports improved results in 5MFY23-24

Revenue for PPC ’s South Africa and Botswana operations (excluding Zimbabwe and Rwanda) increased by five per cent YoY in the first five months of FY23-24 (April-August 2023), s...