Molins records a net profit of EUR184m in FY24
Molins has released its fourth quarter and full-year 2024 results. Net profit in 2024 reached a record level of EUR184m (US$191.4m), 22 per cent higher than the previous yea...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
Lafarge Africa reports 96% increase in net profit in 2024
Lafarge Africa plc, part of Holcim , has reported a 72 per cent advance in revenue in 2024, which surged to NGN696.8bn (US$464.8bn) from NGN405.5bn in 2023 as higher sales vol...
Fecto Cement exports increased in 1HFY24-25
According to Fecto Cement Ltd 's newly-released 1HFY24-25 report, the company's overall domestic sales volume declined by 14.2 per cent when compared with the 1HFY23-24, whic...
UltraTech Cement Ltd proposes to extend its diversification
UltraTech Cement Ltd ( Aditya Birla Group ) proposes to extend its footprint in the construction value chain, by entering the wires and cables market with a nominal capital e...
Raw material shortages cause Chhatak Cement Factory to close
Bangladesh’s oldest cement plant, Chhatak Cement Factory , which operates under the Bangladesh Chemical Industries Corporation (BCIC) of the Ministry of Industry, reportedly...
Speculators and increased fossil fuel use drive EUA prices higher
December EUA prices continued to increase for the second month, driven from longer positions from funds, despite the USA leaving the Paris Agreement. In addition, the EU emi...
CRH reports net income up 15% in 2024
CRH posted total revenues of USS$8.9bn in the fourth quarter of 2024, up two per cent YoY. The group's net income advanced by 24 per cent YoY to US$0.7bn in the 4Q24, resulting...
Iranian cement market contracted in 2024
Iranian domestic cement sales contracted 8.4 per cent YoY to 5.047Mt in December, down from 5.510Mt a year earlier, according to the Iranian cement association. Producers ma...
Star Cement proposes INR32bn plant in Assam
Star Cement Ltd has proposed the construction of a INR32bn (US$367.4m) integrated cement plant in Assam, India. The company signed a Memorandum of Understanding (MoU) of ...
Fauji Cement Co exhibits growth of 38 in profit during 1HFY24-25
Fauji Cement Co Ltd (FCCL) announced its financial results for 1HFY24-25 on the Pakistan Stock Exchange website on 25 February. The company reported earnings of PKR7.267bn (U...
Holcim Mexico mitigates 1.7Mt of CO2 in 2024
Holcim Mexico reported a reduction of 1.7Mt of CO 2 in 2024 by delivering more sustainable building materials in the country’s housing and infrastructure construction market...
Argentina’s government simplifies cement import and production rules
The government of Argentina has approved simplifying the rules for the import and production of cement to encourage competition and lower prices by reducing bureaucracy, report...
UltraTech Cement launches plastic waste initiative
UltraTech Cement Ltd, in partnership with Prayagraj Nagar Nigam, has launched a waste management initiative at the Maha Kumbh 2025 being held at Prayagraj, Uttar Pradesh. The...
Cemex considers selling Colombian operations
The cement industry in Colombia could be on the verge of a major shake-up with the possible exit of Cemex, as the company is reported to be exploring the sale of its operatio...
Colombia’s cement market contracts 6% in 2024
Colombian dispatches declined 8.4 per cent to 1.002Mt in December 2024 when compared with 1.094Mt delivered in December 2023, said the country’s statistics office, DANE. Of thi...
Philippines introduces duty on Portland and blended cement imports
The Philippine Department of Trade and Industry (DTI) has introduced a provisional safeguard duty of PHP400/t (US$6.90/t) on two types of cement imports to protect the domestic...
Ultracem sells stake in Honduran assets
Ultracem announced through Ultracem Centroamérica SA, it is selling part of its assets in Honduras. The deal was carried out through the indirect sale of Duracem Honduras sha...
Vietnam considers clinker export duty cut
To support its domestic cement industry, Vietnam’s government is considering a reduction of export duties on clinker, according to the official news website Baochinhphu. Th...
Arabian Cement reports 15% increase in net profit in 2024
Arabian Cement Co saw a two per cent drop in revenue to SAR857.9m (US$228.8m) in 2024 from SAR875.8m in 2023. However, the company’s net profit increased by 14.7 per cent YoY t...
Cimento Nacional signs PPA with Casa dos Ventos
Brazilian cement producer Cimento Nacional , part of Buzzi , has signed a power purchase agreement with renewables developer Casa dos Ventos, which will supply wind power fro...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
