Vulcan Materials posts fall in revenues in 1Q24
US-based Vulcan Materials has reported total revenue of US$1546m in the first quarter of 2024, down from US$1649m in the same period a year earlier. Gross profit in the 1Q came ...
Weekly Newsletter
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Heidelberg Materials sees revenue dip 8% YoY in 1Q24
Heidelberg Materials has reported an eight per cent YoY decline in revenue to EUR4488m in the opening quarter of 2024. According to the company, the fall was the result of lower...
Birla Corp reports 127% jump in net profit
Birla Corp has continued its steady progress of the first three quarters of fiscal 2023-24 to end the year on a high, with record cement sales by volume and a 127 per cent growt...
Dyckerhoff plans major Deuna cement carbon capture installation
During the visit of Thuringia's Prime Minister, Bodo Ramelow, at the Dyckerhoff 's Deuna cement plant on 2 May, Dyckerhoff's Managing Director, Patrick Klein, announced that Dyc...
EAPC recommissions Athi River plant
East African Portland Cement (EAPC) has recommissioned its Athi River plant in Kenya, boosting the company’s cement production capacity by 1Mta over the next two years, reports ...
InterCement signs exclusivity agreement with CSN
Following its market announcement of 23 February 2024, InterCement Participações SA announced that in the context of the competitive process, organised by Banco BTG Pactual, it ...
Petcoke discount remains in cheap zone with good potential
By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal moved higher on the back of geopolitical tensions and was supported by oil and gas prices. Petcoke FOB picked up slightly from...
Weak first quarter for Spanish cement
Cement consumption in Spain dropped a notable 23.6 per cent YoY in March 2024, to 1.102Mt, down from 1.144Mt in March 2023, according to the Spanish cement association, Infoceme...
CEMEX upgraded by Fitch Ratings
CEMEX has reached full investment grade status after being upgraded to BBB- by rating agency Fitch Ratings. This follows S&P Global Ratings’ upgrade announced in March 2024. “Ac...
Uzbekistan sees opening of new 2.5Mta cement plant
The opening ceremony of a new 2.5Mta cement plant took place in the Andijan region of Uzbekistan, according to Trend. China-based Conch International Holdings Ltd and Zhejiang S...