Brevik plant completes stack mounting of CCS project
Following installation of the first half of the absorber at Heidelberg Material ’s Brevik CCS plant in Norway two weeks ago, with only 1mm of leeway, the stack has now been moun...
Weekly Newsletter
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Hail Cement's posts net profits of SAR24.5m
In the 1H23 Hail Cement recovered net profits after zakat and tax valued at SAR24.48m (US$6.53m), compared to net losses of SAR13.72m during the same period a year earlier. Reve...
Anhui Conch in 2Q23 totals CNY6.8bn
Anhui Conch Cement ’s first-half net profit of CNY6.8bn (US$932m) is lower than expected, falling 32 per cent YoY. The decline is due to lower average selling prices and weak ce...
Iran's cement market expands by 32% in July
Iranian cement consumption increased by 32.2 per cent to 7.09Mt in July 2023 when compared with July 2022, according to the Iranian Cement Association. Domestic cement productio...
Taiheiyo to build new terminal in Philippines
Japan-based Taiheiyo Cement Corp (TCC) will build a new cement terminal in Calaca, Batangas, Philippines, to enable the company to serve the Luzon market from its pant in San Fe...
Unacem sees 9% advance in 2Q revenues
Peruvian Unacem Group saw a nine per cent increase in its 2Q revenues to PEN1559m (US$419.8m) in the 2Q23. The advance was attributed mainly to the incorporation of thermo-elect...
CRH attracts new investors prior to US move
CRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announ...
Edmonton plant start CCUS system
Heidelberg Materials' Edmonton cement plant is one key step closer to pouring the foundations of a full-scale carbon capture utilisation and storage (CCUS) system that could hel...
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...
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 ...