BUA Cement renews CEO's term for five more years
BUA Cement Plc has notified the Nigerian Exchange Ltd (NGX) and the investing public of the decision of its Board of Directors to renew the contract of employment of the Mana...
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UltraTech Cement to acquire 8.7% stake in Star Cement
UltraTech Cement on Friday announced the purchase of 8.69 per cent in Meghalaya-based Star Cement for INR8.51bn (US$99.675mn). The latest acquisition is yet another indi...
Lafarge Africa reports US$37m net profit in 9M24
Lafarge Africa Plc ( Holcim group ) of Nigeria as reported a profit after tax of NGN57.3bn (US$37m) for the nine months ended 30 September 2024, marking a 46 per cent...
InterCement sees EBITDA rise 6% YoY in 3Q24
InterCement Participações SA reported EBITDA growth of six per cent YoY in the 3Q24, on the back of margin recovery in Brazil taking into account the sale of the African oper...
Blast at Maihar Cement factory kills worker, sparks worker unrest
A blast at a cement factory in Maihar district resulted in the death of a worker and led to unrest among employees, according to a report in The Times of India. The incident oc...
South Korea cement industry boosts use of alternative fuels as demand declines
Amid a prolonged slump in the construction sector and rising costs from high exchange rates and electricity prices, Korea's cement industry is increasingly turning to alternati...
Yamama Cement signs deal to launch major Saudi metals JV
Yamama Cement Company has signed a non-binding memorandum of understanding (MoU) with Obeikan Investment Group and Sultan Holding Company to establish a holding company focused...
SOCOCIM Industries secures IFC loan for decarbonisation
SOCOCIM ( Vicat group ) has been granted a green loan of CFA49bn (US$77.6m) from International Finance Corp (IFC) Africa, as part of the reduction of its carbon footprint. ...
Afghan government signs US$145m cement plant contract
The Afghan caretaker government’s Ministry of Mines and Petroleum has signed a US$145m contract for the construction of a cement plant for SAKO Afghan in eastern Logar province...
GCCA approves concentration in Georgian grey cement market
The Georgian Competition and Consumer Agency (GCCA) has approved the acquisition of equal 50 per cent stakes in LLC Max Import by Levan Varsimashvili and Gia Varsimashvili. Des...
Bangladesh resolves gas supply issue for LafargeHolcim plant
Bangladesh has addressed a critical gas supply issue for LafargeHolcim Bangladesh PLC , ensuring continued production of clinker, cement and aggregates at its key facility. Th...
Cementos Argos wins first spot in 2024 Corporate Sustainability Assessment
Cementos Argos achieved first place in the 2024 Corporate Sustainability Assessment and was included in the Dow Jones Sustainability Index (DJSI) with an extraordinary score ...
US & Puerto Rico Portland and blended cement market contracts 8% in September
Total shipments of Portland and blended cement in the USA and Puerto Rico fell 7.8 per cent YoY to 8.94Mt in September 2024, according to data published by the US Geological Su...
Taiwan Cement Corporation targets EUR1.4bn investment in Portugal by 2030
Taiwan Cement Corporation (TCC) will invest an additional EUR360m into Cimpor by 2030, bringing total investment in Portugal, including the March 2024 acquisition of Cimpor, ...
Cement demand in Spain up 4% in November
Cement consumption in Spain increased 4.3 per cent YoY to 1,345,612t in November 2024, according to Oficemen, the country’s cement association. In the January-November 2024...
CCI approves UltraTech's 33% equity share acquisition of The India Cements
UltraTech Cement ( Aditya Birla ) has been successful in a cquiring the equity shares of The India Cements Ltd having had receipt of approval from the Competition Commissi...
Cemex plant first to not use freshwater
In another step towards achieving sustainability of operations, Cemex Mexico eliminated the use of fresh water in the production of cement at its Valles plant located in the ...
Schwenk Zement signs offshore wind PPA with Iberdrola
Schwenk Zement GmbH & Co KG has signed a power purchasing agreement (PPA) with Iberdrola Germany for the supply of 1500GWh of electricity from the 315MW Windanker offshore wi...
Andritz awarded Broceni FEL 2 study for carbon capture project
Andritz has been awarded a front-end loading (FEL 2) study for Schwenk 's Broceni cement plant in Latvia. This comprehensive study will include an air quality control syste...
Adani Group unveils major investments in Bihar, including INR200bn thermal power plant
The Adani Group has announced plans to invest INR 200bn (US$2.4bn) in an ultra-supercritical thermal power plant in Bihar, alongside expansions in cement, logistics, and ener...
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