IFC to fund Diamond Cement Guinea with US$30m loan
The International Finance Corporation (IFC) has agreed to provide a US$30m loan to Diamond Cement Guinea , a subsidiary of West African Cement (WACEM), to support the completion...
Weekly Newsletter
4,275 posts · Page 146 of 428
Spanish cement consumption grows by 9% in April
Spanish cement consumption grew by 8.8 per cent in April to 1,346,704t, according Oficemen (Spanish Cement Association). This figure represents the recovery of 108,632t compared...
New cement and clinker plants for Burundi
Burundi company Intracom is finalising the process to set up clinker and cement plants in Kigoma, according to the Daily News. The cement plant will have a capacity of 0.6Mta wh...
Robust demand and pricing support 23% revenue advance for Titan in 1Q22
Titan Cement International SA has announced a 22.6 per cent YoY increase in revenue to EUR454.6m in the opening quarter of 2022. This has been attributed to strong pricing acros...
HeidelbergCement reports on a difficult 1Q22
HeidelbergCement recorded sales volumes in most business lines around the same level of the previous year in the 1Q22. At 28.4Mt (previous year: 28.4Mt), group-wide cement and c...
Carbon Clean raises US$150m in latest round of funding
Carbon Clean has closed the largest-ever equity funding round for a point source carbon capture company with US$150m raised from existing investor Chevron. Chevron led the round...
Brazilian cement sales down 3% in April
Cement sales in Brazil slipped 2.8 per cent in April 2022 to 5.138Mt from 5.288Mt in April 2021, according to the national cement association, SNIC. The association attributed t...
Inflationary pressures impact Argos results in the 1Q22
Argos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly...
Colombian cement market expands 6% in March
Grey cement dispatches in Colombia increased 5.7 per cent to 1.257Mt in March 2022 from 1.189Mt in March 2021, according to the country’s statistics office, DANE. When compared ...
Dangote volumes up 4% in 1Q22
Dangote has reported a 24.2 per cent YoY increase in group revenue to NGN413.2bn (US$995.4bn) in the opening quarter of 2022. Group EBITDA over the same period advanced by 18.6 ...