Cementir post decline in 1H revenue but improves net profit
Cementir ’s consolidated revenue slipped by 3.4 per cent YoY to EUR811.8m in the first half of 2024 from EUR840.7m in the 1H23. Non-GAAP consolidated revenue declined by 7.5 per...
Weekly Newsletter
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UltraTech acquires additional stake in India Cements
UltraTech Cement is acquiring a 32.72 per cent share in India Cements , marking an investment of INR39,540m (US$472.2m). According to The Hindu, the move enables Aditya Birla -o...
Holcim's 1H24 profit growth driven by Solutions & Products
Holcim has announced record profitable growth in the first half of 2024. Net sales for the six-month period came in at CHF12,813m (US$14,516m), down 1.9 per cent YoY from CHF13,...
Cemex reports highest EBITDA margin in eight years
Cemex has reported strong 2Q24 results with a two per cent increase in EBITDA, while the EBITDA margin expanded to the highest level since 2016. The EBITDA margin was propelled ...
Breedon reports uptick in revenue in 1H24
Breedon Group has announced underlying revenue of GBP764.6m (US$985.9m) in the first half of 2024, up three per cent from GBP742.7m in the same period a year earlier. According ...
Saurashtra Cement publishes increase in revenue
Saurashtra Cement Ltd has reported consolidated revenue from operations of INR17.65bn (US$210m) in FY23-24 (ended 31 March 2024), up from INR16.45bn (seven per cent YoY). EBITDA...
Aggregates Industries UK names new CEO
Holcim has announced Lee Sleight as the new CEO of Aggregate Industries UK . He will take up his position on 1 August 2024. Mr Sleight joined the business in 2021 as managing di...
CIMERWA Plc acquires Prime Cement Ltd
Cement producer CIMERWA Plc has completed the purchase of Prime Cement Ltd. CIMERWA sent a notice to the Rwanda Stock Exchange (RSE) informing the regulator that it had finalise...
Cementos Pacasmayo reports stable net profit in 1H24
Peru-based Cementos Pacasmayo SAA reported a 3.4 per cent uptick in income to PEN457.1m in the second quarter of 2024 from PEN442m in the 2Q23, supported by the sales mix as con...
Heidelberg Materials to receives US$5m in funding from EPA
Heidelberg Materials North America is set to receive US$5m in funding from the US Environmental Protection Agency (EPA) for the development of a cloud-based tool that produces e...