Saudi Cement posts SAR113.8m net profit in 1Q24
Saudi Cement Co reported a net profit of SAR113.8m (US$30.3m) in the 1Q24, representing a 8.1 per cent drop YoY from SAR123.8m but a QoQ increase of 9.6 per cent from SAR103....
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CEMEX and MPP collaborate on decarbonisation
CEMEX and the Mission Possible Partnership (MPP), in partnership with the Bezos Earth Fund, are collaborating to conduct an analysis of the potential of decarbonisation lever...
Southeast Cement Corp’s disappointing 1Q24 results
Taiwan-based cement producer, Southeast Cement Corp Ltd, has reported its 1Q financial results for the period ending 31 March. The company saw a 9.3 per cent YoY increase i...
Yanbu Cement posts 14% increase in net profit
Yanbu Cement Co reported a 14.3 per cent YoY increase in net profit to SAR58.31m (US$15.5m) in the 1Q24 from SAR51.01m in the 1Q23. The company attributed the rise in profit ...
JK Cement sees revenue rise in March quarter
India-based JK Cement has reported total income of INR29,820.3m (US$357m) in the quarter ended 31 March 2024, compared to INR27,006.7m in the same quarter a year earlier. Pro...
Titan America to be listed in US equity market
Titan Cement International has announced its intention to proceed with the IPO of its US business ( Titan America ), with the aim of raising funds that will facilitate the gr...
InterCement reaches debenture holder agreement
InterCement Participaçoes SA has reached an agreement with its debentures holders to defer payments due under the series of Brazilian law-governed debentures issued by the co...
Cementir's 1Q24 regional market update
Cementir's results for the 1Q24 were overall in line with management's expectations despite the decline in revenues and EBITDA compared to the first quarter of the previous yea...
Kenyan capacity to rise despite stagnant cement consumption
Kenya's cement sector is preparing for another cement capacity rise. Devki Group group's Cemtech Ltd subsidiary has submitted the environmental impact assessment report for a n...
Cementir posts higher sales in 1Q24
Cementir cement and clinker sales volumes equal to 2.4Mt increased by 2.3 per cent in the 1Q24 compared to the same period of 2023 thanks to the increase recorded in Turkey, ...
C-Capture partners with Heidelberg Materials on carbon capture trial
C-Capture, a UK-based developer of next generation technology for carbon dioxide removal, has launched a new carbon capture trial in partnership with Heidelberg Materials . Th...
CRH announces new share buyback
CRH plc has completed the latest phase of its share buyback programme, returning a further US$0.3bn of cash to shareholders. Between 29 February 2024 and 9 May 2024, 3.7m ord...
Bangladesh's cement exports see a 49% YoY growth during 10MFY23-24
Bangladesh’s cement industry has witnessed substantial growth in its exports. It saw a 48.7 per cent YoY growth in cement export revenue, generating US$15.94m during the first ...
Start of Buzzi SpA share buyback programme
Buzzi SpA has announced the start of a share buyback programme pursuant to the authorisation passed at the 9 May shareholders’ meeting. Under such programme the company may rep...
Chia Hsin Cement reports TWD38.7m 1Q net loss
Taiwan-based Chia Hsin Cement has posted a net loss of TWD38.698m (US$1.19m) in the first quarter of 2024 from a net profit of TWD19.993m in the 1Q23. Over the same period,...
House of Representatives summons Nigerian producers
Dangote Cement and BUA Cement are among a number of cement producers that have been given 14 days to appear before the House of Representatives in Nigeria. The companies we...
IKN completes the start-up of two clinker coolers in India
Chettinad Cement has successfully installed the first IKN Pendulum cooler within the group. The IKN pendulum cooler, after a successful trial run, is now poised to deliver ex...
Cherat Cement exhibits mixed financial results in 3QFY23-24 and in 9MFY24
Cherat Cement (CHCC) reported net profit after tax (NPAT) of PKR1.2bn (US$4.32m) in 3QFY23-24, down 33 per cent QoQ and flat sequentially. This brings the 9MFY23-24 NPAT to P...
Sangwon Cement boosts production
The Sangwon Cement plant in North Korea has successfully completed the cement production task for the construction of regional-industry factories this year. The plant has ste...
CEMEX leads the field in WBA climate and energy benchmark
CEMEX has been recognised as the industry’s top-scoring company in the World Benchmarking Alliance’s 2024 Climate and Energy Benchmark. According to the company, thi...
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