Argos' adjusted EBITDA totals COP672bn in 4Q23
For the fourth quarter of 2023, Argos ' adjusted EBITDA stood at COP676bn (US$172.2m), increasing 12 per cent compared to 4Q22. The results were driven by strong pricing dynamic...
Weekly Newsletter
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FLSmidth reports 39% increase in net profit
In its consolidated results of 2023, Denmark-based FLSmidth reported a 10 per cent increase in revenue to DKK24,106m from DKK21,849m in 2022. The company’s gross profit increase...
Qassim Cement Co is to acquire all of Hail Cement Co's shares
Two cement producers in Saudi Arabia are in the amalgamation process and have informed their intention with limited details to the local bourse. According to a notification of b...
Holcim Mexico is investing US$55m in new mill
Holcim Mexico will invest US$55m in the construction of a new mill at its cement plant located in the municipality of Macuspana , Tabasco. The mill will process the company's EC...
Summit reports 10% revenue advance in 2023
Summit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per ...
US and Puerto Rican market expands 3% in November
Total cement dispatches of Portland and blended cement in the USA and Puerto Rico, including imports, picked up by 2.6 per cent YoY to 8.7Mt in November 2023, according to the U...
Medcem announces terminal partnerships in UK
Turkey’s Medcem has announced a partnership with Brett Concrete, one of the largest independent concrete companies in the UK, to establish a terminal at Sheerness Port in Kent, ...
Gamma Civic and Cemindo Gemilang acquire Cementis Madagascar
Cementis (Madagascar) SA has been acquired by Mauritius-based Gamma Civic Ltd, in collaboration with its Indonesian strategic partner, Cemindo Gemilang. The new company will be ...
Sublime Systems wins award to advance electrolyser technology
US-based Sublime Systems has been awarded US$6.7m from the Department of Energy Industrial Efficiency and Decabonization Office to advance its innovative electrolyser technology...
The Ramco Cements announces expansion plans
The Ramco Cements Ltd has announced plans to double capacity at its Kalavatala plant in Andhra Pradesh, India. According to The Hindu, the company intends to set up a second lin...