Eagle Materials achieves record revenue
Eagle Materials has reported record revenue of US$511m in the third quarter of fiscal 2023 ended 31 December 2022, marking a YoY increase of 10 per cent. Record net earnings wer...
Weekly Newsletter
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New target markets for East African Portland Cement Co
Following its KES500m (US$4m) plant upgrade, The East African Portland Cement (EAPC) is planning to expand within the East African Community member countries and is targeting ce...
Titan announces increase in EBITDA after strong 4Q22
Titan Cement has issued a trading update ahead of the group’s full-year results on 22 March 2023, as the preliminary results for EBITDA in the fourth quarter of 2022 are signifi...
ANRAV CCUS project funding signing completed
The EU Innovation Fund Grant Agreement for Heidelberg Materials ’ pioneering CCUS project ANRAV has been officially signed in Brussels. ANRAV aims to be the first full-chain CCU...
UltraTech Cement Ltd posts consolidated net sales of INR152,990m in 3QFY22
UltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results for the quarter ended 31 December 2022. Consolidated net sales totalled INR152,990m (US$1.88bn) c...
USG freight market sees softening rates
By Brannvoll ApS, Denmark USG Supramax freight market sentiment throughout the month was about negative undertones due to a somewhat thinner cargo book. Rates for shipments from...
Cementos Portland Valderrivas plans EUR5.48m Hontoria investment
Cementos Portland Valderrivas plans to invest EUR5.48m in the installation of a chlorine bypass at its plant in Hontoria , Palencia, Spain. The bypass will enable the plant to i...
Colombian environment ministry recognises Argos carbon neutrality contribution
Colombia’s Ministry of Environmental and Sustainable Development has recognised cement producer Argos , part of Grupo Argos, as an active participant in the National Carbon Neut...
Sagar Cements wins bid to acquire Andhra Cements
Sagar Cements Ltd has been named as the successful bidder to acquire Andhra Cements Ltd. The Committee of Creditors at Andhra Cements voted with a majority in favour of the reso...
Livetouch Investments to build its second Zimbabwe cement plant
Livetouch Investments is building a second cement plant in Zvishavane, Midlands, Zimbabwe, to the tune of US$20m under the first phase of the project. The first phase of the cem...