New CEO for LafargeHolcim's US cement business
LafargeHolcim has announced the appointment of Toufic Tabbara as CEO of its US cement operations. "Toufic is a proven leader in this industry. With a professional background tha...
Weekly Newsletter
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YTL Corp net profit rises 9% in 3QFY21
YTL Corp Bhd recorded a nine per cent increase in its net profit to MYR93.5m (US$22.6m) for the third financial quarter ended 31 March 2021 (3QFY21), up from MYR85.4m in the pre...
Bestway Cement to set up greenfield cement plant in Punjab
Bestway Cement Ltd has informed the Pakistan Stock Exchange on 27 May that it is setting up a greenfield cement plant with a clinker capacity of 7200tpd, near Paikhel, Mianwali,...
Anjani Portland to acquire controlling stake in Bhavya Cements
India’s Anjani Portland Cement has entered into a share purchase agreement for the acquisition of a controlling stake in Bhavya Cements, at a price of INR51.53/share (US$0.7/sha...
Dugongo Cement plant inaugurated
Mozambican President Filipe Nyusi inaugurated the 2Mta Dugongo Cement plant, in the southernmost district of Matutuine, on Wednesday. The US$330m investment by the Chinese West ...
Cienfuegos restarts production
The Carlos Marx cement plant in Cienfuegos, Cuba, has recommenced production after being paralysed since 14 January due to a lack of petcoke. A new cargo of petcoke was reported...
Shree Cement records 22% revenue increase
India’s Shree Cement has posted a 22.2 per cent YoY increase in standalone revenue from operations to INR39.31bn (US$540.6m) in the quarter ending 31 March 2021, against INR32.1...
Heracles reports static turnover of EUR188.5m in 2020
Heracles Group of Companies ’ (LafargeHolcim group) turnover in Greece remained almost unchanged in 2020 compared to 2019 when the company first returned to profitability after ...
Complaint filed against Lehigh Cement's proposed acquisition of Keystone Cement
The Federal Trade Commission is seeking to block Lehigh Cement Co LLC’s US$151m acquisition of rival Pennsylvania-based cement producer Keystone Cement Co (Element Group), alleg...
Votorantim Cimentos reports BRL22m net profits in 1Q21
Votorantim Cimentos ended the 1Q21 with net profit of BRL227m (US$42.8m), reversing the BRL380m loss posted in the 1Q20. The company's global net revenue in the first quarter of...