CEMEX supplies longest bridge in the Philippines
CEMEX has announced that it was the sole supplier of cement for the construction of the longest bridge in the Philippines. The company supplied nearly 70,000t of cement for the ...
Weekly Newsletter
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Holcim closes Brazilian deal
Holcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of US$1.025bn. The deal was closed following approvals from ...
Sweden receives EU funding to tackle climate neutrality
Under the European Commission’s Just Transition Fund (JTF) Programme, Sweden is to receive EUR155.7m in EU grants to support its journey to climate neutrality by 2045. The JTF s...
Ethiopian investor plans US$1bn cement plant
Worku Ayetenew, a wealthy Ethiopian investor, wants to build a US$1bn cement plant. Mr Ayetenew is seeking a partner for the new cement factory, while he has already requested t...
Adbri increases revenue by 8% in 1H22
Adbri ’s revenue increased to NZD812.4m (US$501.4m) in the 1H22, up eight per cent on 1H21 driven primarily by strong construction and mining sector demand and improved pricing ...
Colombian cement market expands 4% in June
Colombia’s cement demand advanced 4.2 per cent in June 2022 to 1.117Mt from 1.072Mt in June 2021, according to the country’s statistics office, DANE. When compared with June 201...
Brazil's cement sales decline by 7% in July
Cement sales in Brazil fell by 6.6 per cent YoY to 5.51Mt in July 2022 from 5.899Mt in July 2021, according to the Brazilian cement association, SNIC. However, when considering ...
UltraTech Cement announces fresh capex plans
UltraTech Cement 's chairman, Kumar Mangalam Birla, addressed shareholders at the company's 22 nd Annual General Meeting (AGM) stating that the company’s Board of Directors appr...
Vietnamese cement consumption falls 27% in July
Cement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Minis...
Fuel and power costs soar in Nigeria
Dangote Cement and BUA Cement spent a combined NGN173.54bn (US$413.8m) on fuel and power in the first half of 2022, up 38.3 per cent on the same period a year earlier. Fuel and ...