Heidelberg Materials places first sustainability-linked bond
Heidelberg Materials successfully placed its first sustainability-linked bond (ISIN XS2577874782) with an issue volume of EUR750m and a term until 2032 via HeidelbergCement AG a...
Weekly Newsletter
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CEMEX launches Bio-sourced admixture range
CEMEX has launched of a new range of bio-sourced admixtures designed for a reduced carbon footprint. These admixtures use natural, renewable and locally-sourced raw materials an...
US market expands in October 2022
Shipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased by 8.8 per cent YoY to 10.7Mt in October 2022, according to the US Geological S...
Steppe Cement records 11% revenue growth in 2022
Steppe Cement Ltd recorded 11 per cent revenue growth in 2022 to KZT40m (US$86,560) from KZT36m a year earlier, citing positive market conditions as it focussed on the Kazakh do...
Adani Group investment to soar
The Adani Group will invest over INR600,000m (US$7.4m) in a number of sectors in Madhya Predesh that would create thousands of jobs. This would reshape the economy of several di...
MPA calls for electrification push by UK government
The Mineral Products Association (MPA) has welcomed the UK government’s announcement of the new Energy Bill Discount Scheme (EBDS), extending the Energy Bill Relief Scheme. The ...
Antoing plant set to capture 97% of its emissions
Heidelberg Materials says that it will build a new hybrid carbon capture (CCUS) unit at its subsidiary SA Cimenteries CBR 's cement plant in Antoing , Belgium, that will almost ...
VICEM records 30% drop in profit in 2022
Vietnam’s VICEM has reported profits of VND1.53trn (US$63.9m) in 2022, down 30 per cent YoY. Revenue, meanwhile, advanced 17 per cent to VND39.45trn over the same period, report...
South Korean producers set to hike cement prices
South Korea’s major cement producers are implementing another hike in wholesale prices amid strengthening in the key ingredient bituminous coal and construction activity, adding...
INSEE Cement appoints new CEO
Sri Lanka’s INSEE Cement has appointed Jan Kunigk as its new chief executive officer, effective from 1 January 2023. Mr Kunigk replaces Nandana Ekanayake, who is retiring from t...