CNBM begins restructuring cement business
China National Building Materials (CNBM) has begun restructuring its cement business and has subsequently sold China United Cement, Sinoma Cement, as well as a 99.9 per cent sta...
Weekly Newsletter
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PCA releases winter US regional cement consumption forecasts
The PCA Market Intelligence Group has released its cement consumption and construction spending forecasts in the USA. Northeast The Northeast has been hit hard by COVID-19, lead...
HeidelbergCement to partner in world's first low-carbon industrial cluster
HeidelbergCement's British subsidiary Hanson UK has become a partner in the HyNet North West consortium, which aims to create the world’s first low-carbon industrial cluster in ...
Caribbean Cement reports 13% increase in revenue
Jamaica's Caribbean Cement Co has reported a 13 per cent YoY increase in revenue to JMD20.1bn (US$132.94m) in 2020. The rise in revenue has been attributed to stronger domestic ...
Semen Indonesia records 4Q20 results earnings of IDR1.25trn
PT Semen Indonesia (SMGR) booked 4Q20 earnings of IDR1.25trn (US$87.5m), up 35 per cent YoY, bringing 2020 earnings to IDR2.8trn, a rise of 17 per cent YoY, helped by lower inte...
Raysut Cement reports 8% rise in total revenue
Oman's Raysut Cement Group has reported an OMR14.06m (US$36.57m) net loss for the full-year 2020 period, against an OMR2.26m profit in the previous year. The results were attrib...
Cementos Molins records net profits of EUR93m in 2020
Cementos Molins announced the group's net profit rose by four per cent YoY to EUR93m in 2020. In comparable terms of exchange rates and adjustment for hyperinflation of Argentin...
HeidelbergCement resets for the future
HeidelbergCement released its preliminary figures for the full-year 2020 during the week , seeing an impressive operational performance deliver strong financial results, in spit...
LafargeHolcim FY20 net sales dip to CHF23,142m
LafargeHolcim announced FY20 net sales of CHF23,142m (US$25,588m), down 5.6 per cent on a like-for-like basis (LfL) compared to the prior year and down 13.4 per cent on a report...
Cementos Argos reports 16% rise in EBITDA
Colombia's Cementos Argos has reported an adjusted EBITDA of COP448bn (US$125.66m) in the final quarter of 2020, an increase of 16.3 per cent YoY compared to COP385bn in the yea...