Adani Group announces US$100bn investment plan
The Adani Group plans to invest US$100bn over the next decade, according to its owner Gautam Adani. The group’s most recent investment was its US$6.5bn acquisition of Ambuja Cem...
Weekly Newsletter
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PT Semen Indonesia reports 2% drop in 1H revenues
PT Semen Indonesia saw a 2.1 per cent slip in total revenues to IDR15.876trn in the 1H22 when compared with the year-ago period. The company attributed the decrease mainly to lo...
Norway's EA approves full-scale CCUS plant at Brevik
Norwegian environmental agency, Miljødirektoratet, has approved Norcem ’s plan for a full-scale CO 2 capture plant at the company’s Brevik plant. The environment agency has amen...
USG Supramax/Ultramax prices see significant drop
By Brannvoll ApS, Denmark It has been a month of negative corrections in the USG Supramax/Ultramax segment amid a growing tonnage list, as well as an absence of fresh cargo offe...
Kohat Cement's profit increased by 44% in FY21-22
Kohat Cement Co Ltd (KOHC) has announced an increase of 43.7 per cent in its profit on a YoY basis during its financial results for the year ended 30 June 2022. It reported a pr...
Oman Cement commissions WTE plant
As part of efforts to reduce its reliance on natural gas, Oman Cement plans to commission a waste-to-energy (WTE) plant, using shredded scrap tyres. The plant is expected to be ...
Kenyan cement consumption grows by 18% in 1H22
Kenyan cement consumption grew 18 per cent in the half year ended June, driven by increased construction activities in the private sector that defied a surge in cement prices, a...
Fauji Cement more than doubles revenue in FY2022
Pakistan-based Fauji Cement Company Ltd has reported revenue of PKR54,243m (US$227m) in the year ended 30 June 2022, compared to PKR24,271m in the same period a year earlier. Ov...
Makin Teguh Sdn Bhd launches Lahad Datu cement plant
Makin Teguh Sdn Bhd (MTSB), in which Bornoil holds a 30 per cent stake, has opened a new cement plant, located adjacent to Borneo’s first limestone and marble quarry in Sabah, n...
Hoffmann Green sees 11% YoY rise in cement sales
France-based Hoffmann Green Cement Technologies , a specialist in the production of clinker-free cement, has reported revenue of EUR544,000 in the first half of 2022, up from EU...