Oman Investment Authority starts sale of Oman Cement Co to Huaxin
The Oman Investment Authority (OIA) has started the process for divesting its majority stake in Oman Cement Co. Ibrahim bin Said al Eisari, director general of private ownership...
Weekly Newsletter
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Cementir reports significant revenue increases in Europe in 2022
Cementir's regional results showed significant revenue increases in Turkey, Europe, US and Malaysian markets. However, cement sales were under pressure in most regions. Cementir...
Gautam Adani sells off stake in Ambuja Cements
Gautam Adani is reportedly looking to sell a 4-5 per cent share in Ambuja Cements for around US$450m, according to the Financial Times. The move is designed to help lower debt l...
BUA Cement's revenue increased by 40% in 2022
BUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of prici...
Breedon records revenue of GBP1396m in 2022
During 2022, Breedon Group Plc grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent...
Dugongo Cimentos announces new plant
Dugongo Cimentos is building a new 6000tpd cement plant in Nacala-Porto, Nampula province, on the northern cost of Mozambique. The project is believed to cost US$192m, according...
Colombia's cement market contracts 4% in January
Colombian cement dispatches declined 3.5 per cent to 0.93Mt in January 2023 from 0.964Mt in January 2022, according to the country’s statistics office, DANE. When compared with ...
Fives to supply grinding unit for Xeuilley cement plant
Fives has been selected by Vicat for the modernisation of a grinding unit for the Xeuilley cement plant, France. The project involves the integration of a new FCB TSV™ 3600 THF ...
CRH proposes moving stock listing to New York
CRH is considering moving its main stock market listing from London to New York. According to the company, around 75 per cent of its income comes from the North American market....
CRH revenue up 12% YoY in 2022
CRH plc has reported a 12 per cent YoY increase in sales in 2022 to US$32.7bn. EBITDA over the same period advanced by 13 per cent to US$5.6bn, while the EBITDA margin is up 10b...