Pakistan anticipates rise in cement exports to Afghanistan
On 15 August the Taliban took over Kabul and declared their rule over Afghanistan. Taliban spokesperson Zabihullah Mujahid said at his first press conference that the Taliban wo...
Weekly Newsletter
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AdBri sees 95% surge in profit for the 1H21
Australia’s AdBri has posted a net profit after tax of AUD56.6m (US$41m) in the first half of 2021, up 94.5 per cent on the year-ago period. Revenue also advanced 7.4 per cent Y...
Iraq to see new US$250m cement project
Iraq has reportedly awarded a project to a Spanish company to construct a cement plant at a cost of around US$250m. Iraqi Industry Minister, Manhal Al-Khabbaz, said the plant in...
Kenya consumption up 27% in 5M21
Cement consumption in Kenya advanced 26.6 per cent YoY to 3.35Mt in the January-May 2021 period when compared with 2.64Mt in the 5M20, according to the Kenya National Bureau of ...
PCA outlines regional US cement consumption growth trends for 2021-23
The PCA's Market Intelligence team has released its latest US regional cement consumption forecasts from its June 2021 economic update, which did not take into account the possi...
Peru sees demand up 26% in July 2021
Peru’s cement market grew 26 per cent YoY to 1.135Mt in July 2021, compared with 0.904Mt in the year-ago period, according to the country’s cement association, Asocem. Cement pr...
Uzbekistan posts 23% production increase in 1H21
Uzbekistan has reported a 23 per cent YoY increase in Portland cement production to 5.8Mt in the first half of 2021, according to the State Statistics Committee of Uzbekistan. T...
Saudi Cement buys 37% share of United Cement
Saudi Cement Co has acquired a 37 per cent stake in United Cement Industrial Co (UCIC) for SAR28m (US$330,426), as announced in Saudi Cement’s 2Q21 company report. Accordingly, ...
Sinai Cement records 1H21 net loss of EGP253m
Sinai Cement Co reported a standalone net loss of EGP252.666m (US$16m) in the 1H21, according to the company’s financial statements. This marked a YoY rise of three per cent whe...
Chia Hsin Cement records 11% rise in revenue
Taiwan’s Chia Hsin Cement has posted a 10.7 per cent increase in revenue to TWD550.39m (US$19.76m) in the second quarter of the year, compared to TWD496.99m in the 2Q20. However...