Holcim breaks ground on GO4ZERO plant
Holcim has broken ground on its state-of-the-art GO4ZERO plant in Obourg , Belgium. The plant, which marks an investment of more than EUR500m, is expected to produce 2Mta of...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Morocco’s cement deliveries advance 21% in April
Cement deliveries in Morocco by APC members – Asment Témara , Ciments de l’Atlas , Ciments du Maroc , LafargeHolcim Maroc and Novacim – increased by 21.1 per cent YoY to...
CRH revenue up 2% YoY in 1Q24
CRH has reported total revenue of US$6.5bn in the opening quarter of 2024, ended 31 March. This marks a two per cent expansion compared to the same period a year earlier. Adj...
LafargeHolcim Bangladesh net profit stands BDT1.627bn in 1Q24
According to the latest quarterly report of LafargeHolcim Bangladesh Ltd ( LHBL), a frontline cement producer in Bangladesh, revenue and net profit shrank by three and 15 per ...
Colombian market contracts 19% in March
Cement dispatches in Colombia fell 19.1 per cent YoY to 0.941Mt in March 2024 from 1.163Mt in March 2023, according to the nation’s statistics office, DANE. Bagged cement sales...
Andhra Cements posts income growth QoQ
India’s Andhra Cements , part of Sagar Cements , has posted total income of INR993m (US$11.89m) in the quarter ending 31 March 2024. This is up from INR984m in the previous q...
Menzel opens new headquarters and motor plant
Motor and drive specialist Menzel Elektromotoren has celebrated the opening of its new headquarters near Berlin with a grand inauguration party. In honour of company founder Ku...
Votorantim Cimentos improves 1Q margins
Votorantim Cimentos ended the 1Q24 with better margins due to higher sales volume and lower costs. The company’s global cement sales totalled 8.1Mt, up one per cent YoY comp...
CEMEX signs solar agreement for Clinchfield plant
CEMEX USA has entered into an off-site renewable energy agreement with Georgia Power for its Clinchfield cement plant as part of its ongoing decarbonisation drive. Through ...
FLSmidth reports 55% increase in 1Q EBITA
FLSmidth posted a 1Q24 total revenue of DKK4839m, down 19.6 per cent YoY from DKK6016m. Total order intake was down 6.8 per cent YoY to DKK5248m from DKK5632m. However, EBITA i...
S&P upgrades CEMEX investment grade
Rating agency Standard & Poor’s (S&P) has upgraded CEMEX ’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating pe...
Bangladesh forecasts demand for clinker by 2027
Bangladesh has estimated a significant growth in demand for raw materials for steel and cement industries by 2027. According to the country's Industries Minister, Nurul Majid M...
Pakistan's State Bank notes export growth in 1HFY23-24
The State Bank of Pakistan (SBP) has reported that the country’s cement sector shows significant export growth during the 1HFY23-24. Cement production saw a modest rise of 1...
Hail Cement sees 19% drop in 1Q net profit
Hail Cement posted 1Q24 sales of SAR73.8m (US$19.7m), up by 19.2 per cent when compared with SAR61.9m in the 1Q23. The company’s gross profit declined by 11 per cent to SAR...
Gunmen abduct Dangote workers at Okpella
Gunmen stormed Dangote Cement ’s Okpella plant in Edo State, Nigeria, on 14 May, abducting dozens of plant workers, according to Business Day. Eye witnesses say the gunmen o...
Italian cement expanding amid strong government spending
Italian cement output continues to expand, rising 10 per cent YoY in February 2024, according to the latest data from Italian concrete association, Federbeton. This follows a 1...
Saudi cement sales up 13% YoY in April
Saudi Arabian cement sales increased by 12.5 per cent YoY in April 2024 but fell 18.4 per cent compared to the previous month. According to Aljazira Capital, domestic cement di...
Holcim France steps up decarbonisation investments
Holcim is deploying an extra EUR60m to continue the decarbonisation of its industrial sites in France. These funds also come in addition to the EUR200m already invested over th...
ENVEA acquires Asia Pacific Air Quality Group
Environmental management solutions company ENVEA has acquired Asia Pacific Air Quality Group (APAQ Group). ENVEA views the acquisition as core to developing its presence and re...
PIBTL handled 5,366,521t of cargo in 9MFY23-24
Pakistan International Bulk Terminal Ltd (PIBTL) recently announced its 9MFY23-24 financial statements for 31 March 2024, on the Pakistan Stock Exchange (PSE) website, followed...
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