Weekly Newsletter

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Ghana cement prices rise again

Ghana cement prices rise again

Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered mass...

UltraTech reports net sales of US$1.64bn

UltraTech reports net sales of US$1.64bn

UltraTech Cement Ltd ( Aditya Birla Group ) has announced consolidated net sales of INR135,960m (US$1.64bn) for the quarter ended 30 September 2022, versus INR117,430m in the co...

Lafarge Cement fined US$778m for ISIS payments

Lafarge Cement fined US$778m for ISIS payments

Lafarge Cement has agreed to plead guilty and pay a fine of US$777.8m for payments it made to terror organisation ISIS to keep operating a cement plant in Syria. The payments to...

Yamama Cement sees 49% jump in revenue in 3Q22

Yamama Cement sees 49% jump in revenue in 3Q22

Saudi Arabia's Yamama Cement has reported a 23.6 per cent advance in revenue to SAR684.2m (US$182.5m) in the first nine months of 2022. This compares to SAR553.5m in the same pe...

HeidelbergCement India sees 88% slump in profit

HeidelbergCement India sees 88% slump in profit

HeidelbergCement India Ltd has reported a 12.2 per cent YoY decline in revenue in the quarter ended 30 September 2022. Revenue for the three-month period came in at INR5060m (US...

Brazil's cement market contracts in September

Brazil's cement market contracts in September

Brazilian total cement sales declined by 3.8 per cent YoY to 5.5Mt, according to the country’s cement association, SNIC. Per working day, sales fell by 3.5 per cent YoY to 238,0...

JSW Cement announces 5Mta of new capacity

JSW Cement announces 5Mta of new capacity

Just hours after acquiring a 100 per cent stake in Springway Mining from India Cements , JSW Cement has announced plans to invest over INR32,000m (US$388.8m) in an integrated gr...