Adani Group to invest US$848m in Rajasthan cement
India’s Adani Group has revealed plans to spend INR70bn (US$848m) doubling the group’s cement production capacity in the northern state of Rajasthan. This follows an announcemen...
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Fecto Cement reports 37% revenue growth
Fecto Cement ’s net sales revenue in the 2022 financial year came in at PKR6775m (US$30.8m), compared to PKR4961m in the previous year, marking a YoY increase of 36.56 per cent....
Eagle Cement majority stake to San Miguel
San Miguel Corp (SMC) is to acquire an 88.5 per cent stake in Eagle Cement Corp , reports GMA News. SMC said its boards of directors authorised the management of the corporation...
Votorantim adopts new logo and rebrands
Votorantim Cimentos is introducing its new corporate brand that aims to be more contemporary and representative of the diversity of its people, products and businesses, combinin...
Cemtech industry conference: Cembureau warns that EU ETS costs risk carbon leakage
The European cement industry is facing increased costs imposed by the EU Emissions Trading System (ETS), which is creating a competitive disadvantage with countries outside of t...
Italy's cement output contracts 13% in July
Cement production in Italy fell by 13 per cent YoY in July 2021, according to the country’s construction chamber, Federbeton. When compared with the 2015 base index production t...
India Cements in talks to sell Madhya Pradesh project
India Cements is reportedly in talks with a number of companies over the sale of its project in Madhya Pradesh. India Cements had planned to set up a 3Mta integrated cement plan...
Colombian grey cement market expands 8% in August
Grey cement consumption in Colombia grew by 8.4 per cent YoY in August 2022 to 1.19Mt from 1.098Mt, according to the country’s statistics office, DANE. Of this total, bulk shipm...
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...
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...