GCC reports favourable performance in 4Q21 and 2021
GCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA ma...
Weekly Newsletter
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Akkermann Cement receives funds to acquire Akhangaracement JSC
Gazprombank has allocated funds for the acquisition by Akkermann Cement CA (part of the USM group) for a 98.6 per cent stake in Akhangaracement JSC in Uzbekistan. The transactio...
Mexico's cement market sees cement prices surge
The price of grey cement in Mexico increased on average 14.5 per cent per 50kg bag and 20 per cent per tonne of bulk cement in January 2022 when compared with December 2021, acc...
Ramco Cements sees 59% fall in 3Q net profit
India-based Ramco Cements Ltd reported a 59 per cent decrease in standalone profit after tax at INR830m for the quarter ended 31 December 2021 (3QFY21-22). In the 3QFY20-21 stan...
PT Indocement Tunggal Prakarsa reports sales volumes of 17Mt in 2021
PT Indocement Tunggal Prakarsa Tbk (INTP) (HeidelbergCement group) recorded sales of 17Mt in 2021, a three per cent increase from the previous year. "This achievement is more or...
Ciments du Maroc builds new grinding station at Nador
Ciments du Maroc , a subsidiary of HeidelbergCement (Germany), is building a new grinding station close to Nador in the north of Morocco that will support the development of the...
CBMI successfully ignite Lafarge Martres-Tolosane MK3 project
On 17 January 2022, the clinker production line of Sinoma CBMI Construction's MK3 project at Lafarge Martres-Tolosane , France, was successfully ignited. The main management per...
Savannah Cement seeks KES40bn to fund new clinker plant
Savannah Cement , Kenya, wants to raise KES39.7bn (US$350m) via a bond on the London Stock Exchange to build a clinker production plant. The firm has been relying on imported cl...
Sococim Industries selects Fives for new clinker production line
Fives FCB and Sococim Industries ( Vicat group ) have signed a contract for the supply of the new 6500tpd clinker production line at the Rufisque plant, Senegal. The Chairman of...
Dalmia Cement (Bharat) commences commercial production at Murli
Dalmia Cement (Bharat) (DCBL), (Dalmia Bharat group), has commenced commercial production at its Murli cement plant in Chandrapur district, Maharashtra, India. The company acqui...