Malayan Cement reports 156% increase in pretax profit
Malayan Cement Bhd , majority-owned by YTL Cement Bhd , has reported notable financial results for FY23-24 (ending 30 June 2024). The Malaysian building materials group posted a...
Weekly Newsletter
4,275 posts · Page 71 of 428
Cemex reports 3Q24 net sales of US$4bn
Cemex reported an EBITDA of US$747m and net sales of US$4.09bn in the 3Q24 in a period. Weather impact accounted for a little less than half of the LtL EBITDA shortfall in the q...
Indonesia's cement market contracts 3% in September
Cement sales in Indonesia in September 2024 declined by 2.9 per cent YoY to 6,073,134t from 6,254,889t in September 2023, according to data from the Indonesian cement associatio...
Puerto Rico’s cement market contracts in June but sees July recovery
Puerto Rican cement sales declined by 6.9 per cent YoY to 50,694t in June 2024 from 54,442.8t in June 2023 but recovered in July, increasing by 12.9 per cent from 48,478.8t in J...
ACCSION CO2 capture project wins EUR220m EU Innovation funding
Aalborg Portland A/S ( Cementir group ) and project partner Air Liquide have received EUR220m in support from the EU Innovation Fund to establish a large-scale CO 2 capture faci...
OPEC+ struggles to support oil as petcoke offers tempting discounts
In a market dominated by geopolitical news from the Middle East (Israel–Hezbollah–Gaza) and a new nuclear doctrine from Russia, which puts the next steps in the war in Ukraine i...
Holcim awarded grant for CCUS project in France
Holcim has been selected for a new grant from the EU’s Innovation Fund for its breakthrough carbon capture and storage (CCUS) project in Martres-Tolosane, France. This grant for...
Dalmia Cement plans 100% renewably-powered plant in Madhya Pradesh
Dalmia Cement has announced plans to construct a 4Mta cement plant in Madhya Pradesh, becoming the first such facility in India to operate entirely on renewable energy. The proj...
Cemex receives funding for Rüdersdorf CCUS project
A consortium comprised of Cemex and Linde, a leading global industrial gases and engineering company, has been selected to receive EUR157m (US$169.3m) in funding from the EU Inn...
Vietnamese cement market expands 6% but exports fall 14% in September
Vietnamese cement sales increased six per cent YoY but fell 14 per cent MoM to 4,252,989t in September 2024, according to the latest data by the VNCA, the country’s cement assoc...