JSW Cement invests US$360m in new plant
JSW Cement is planning to build a new cement plant in Rajasthan, giving the company access to India’s northern markets. The proposed facility will have a cement capacity of u...
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Holcim expands alternative thermal energy capacity at Hagerstown
Holcim US Inc 's Hagerstown plant in Maryland, USA, is accelerating its net-zero journey by expanding its alternative thermal energy capacity to 45 per cent, representing 58...
Eagle Materials expands Laramie plant
Eagle Materials has announced plans to modernise and expand its cement plant in Laramie, Wyoming, USA, and related distribution facilities, to serve the growing northern Colo...
Improvement in construction and real estate underpins rise in Kenyan cement demand
A steady advance in building and construction sector credit supported the expansion of the cement industry in the third quarter of 2023, according to the Kenya Bankers Associat...
Pakistan's cement export trend continues to excel in 10MFY23-24
Pakistan’s cement and clinker exports increased by 35.9 per cent in the 10MFY23-24 (July 2023-April 2024) to US$204.54m (5.301Mt), compared to US$150.48m (3.24Mt) in the 10MFY2...
Buzzi to increase stake in Cement Nacional to 100%
Italy-based Buzzi SpA said it will increase its stake in Brazilian cement producer Cimento Nacional (NCPAR) to 100 per cent from the current 50 per cent as its joint ventur...
Botswana to boost production by 20% by September
Cement production in Botswana is expected to increase by 20 per cent in preparation for new import restrictions being introduced by the country’s government from the strat of O...
Udaipur Cement Works 4Q net profit up 17%
India-based Udaipur Cement Works posted a net revenue of INR34.835bn (US$418.3m) in the January-March 2024 quarter (4QFY23-24), an increase of 18.2 per cent YoY from INR29.46...
The India Cements posts revenue advance YoY
The India Cements Ltd has reported standalone revenue of INR12,700.5m (US$152.6m) in the quarter ended 31 March 2024. This compares to INR10,987.3m in the previous quarter an...
Najran Cement net 1Q profit drops 26%
Saudi Arabia-based Najran Cement Co saw a 3.9 per cent decline to SAR138.12m (SAR36.83m) in the 1Q24 from SAR143.68m in the 1Q23. The company’s net profit saw a 25.7 per ce...
Dandot Cement Co faces initial issues in trial production
According to Dandot Cement Co Ltd’s nine-month report, the company lost RPKR129m (US$0.463m) in 9MFY23-24, compared to PKR118m during the same months last year. The company’s...
Venezuelan sanctions reimposed, Russia pauses coal export fee, while petcoke discount remains attractive
By Frank O. Brannvoll, Brannvoll ApS, Denmark The war premium and geopolitical tensions eased during April and the energy market’s focus has again shifted towards the demand...
Cementos Molins unveils new corporate identity
Cementos Molins has unveiled its new corporate identity with the new brand consolidating the company's various existing commercial brands in Spain under a single identity. Alig...
US building materials groups report strong 1Q24
CemNet has a look across the pond at how three US building materials companies have fared in the 1Q24. While results were stronger than expected in the 1Q24 for several cement ...
Baltic CCS project gains EU recognition
A cement carbon capture project in Lithuania and Latvia has been granted Project of Common Interest (PCI) status by the European Commission, recognising it as a project that wi...
Afrimat boosts revenue by 24% in FY23-24 as Lafarge integration continues
Andries Van Heerden, Afrimat's Group CEO, stated that he was exceptionally pleased with the group’s performance for the year ended 29 February 2024, which was supported by a...
Al Jouf Cement sees net profit advance 21% in 1Q24
Saudi Arabia’s Al Jouf Cement Co saw its consolidated net profit advance to SAR12.45m (US$3.32m) in the first quarter of 2024, up 21.2 per cent from SAR10.27m in the same per...
Thatta Cement Co shows strong profit growth in 9MFY23-24
Thatta Cement Co Ltd reported that in the nine months ending on 31 March (9MFY23-24), the company earned a net profit of PKR888.2m (US$3.19m) when compared to PKR80.6m in the...
Hume Cement doubles profits
Malaysia’s Hume Cement Industries has reported net profit of MYR61.06m (US$13.04m) in the third quarter of the current financial year, ended 31 March 2024. This has more than...
Ciments de Bizerte posts 53% turnover drop in 1Q24 due to lack of petcoke
Tunisia-based Les Ciments de Bizerte saw a 52.6 per cent drop in turnover to TND12.262m (US$3.9m) in the first quarter of 2024 from TND25.858m. The drop in turnover was due t...
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