Trinidad Cement post-tax profit soars in 2023
Trinidad Cement Ltd (TCL) saw revenue increase by 8.2 per cent YoY to TTD2.229bn (US$328.8m) from TTD2.061bn in 2022. EBITDA slipped by one per cent YoY to TTD514m, of whic...
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Funding boost for Peruvian construction sector
International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) have provided the final tranche of a US$400m financing package to global finance grou...
Boral to acquire Booyal Quarries
Boral Ltd has agreed to acquire Booyal Quarries in the Wide Bay region in Queensland, Australia. The strategic acquisition will secure the supply of quarry materials to Boral...
Holcim US invests US$20.5m in Fremont low-carbon cement storage
Holcim (US) has expanded its low-carbon cement storage capacity with a 50,000t storage dome in Fremont, Nebraska, USA. Located on a 10.1ha (25 acre) plot, the 35.4m (116ft) c...
Bangladesh likely to break cement export target in 12MFY23-24
Bangladesh recorded 48.7 per cent YoY growth in cement export revenue to US$14.39m in the first nine months of FY23-24 (July 2023-March 2024) from US$9.68m in the same correspo...
Polish cement producers voice concern over Ukraine imports
The Association of Polish Cement Producers has raised concerns over the 350 per cent surge in cement imports from Ukraine. "The scale of imports from Ukraine is growing almos...
Cameroon's cement capacity begins to soar
Cameroon's cement market has a new addition. In the last month, Cimpor Global Holdings' XAF39bn (US$64.5m) cement works in the southern port town of Kribi has begun operation. ...
Steppe Cement posts 24% drop in 1Q revenue
Kazakhstan-based Steppe Cement reported revenue of KZT3.779bn (US$8.4m) in the first quarter of 2024, down 23.5 per cent from KZT4.938bn in the year-ago period. The company's...
UltraTech Cement Ltd completes 100MW solar energy project
UltraTech Cement Ltd has completed a 100MW solar energy project under the Group Captive scheme in the state of Rajasthan. This is the company’s first project for sourcing pow...
Heidelberg Materials France to close two plants
Ciments Calcia , part of Heidelberg Materials France , is closing two of its plants as part of a restructuring programme. The two sites due to close are in Beffes (Cher) an...
All 50 US States give environmentally conscious cement the green light
Every US state department of transportation and the District of Columbia now permit the use of Portland limestone cement (PLC). The Portland Cement Association (PCA) commends t...
Mexico implements new 25kg bag
Mexico's National Cement Chamber (Canacem) announced the implementation of 25kg bags of cement in accordance with NOM-036-1-STPS-2018, Ergonomic risk factors at work - Identifi...
Holcim acquires concrete construction systems specialist Tensolite
Holcim has signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with US$22m of net sales in 2...
Brenntag acquires Lawrence Industries
Brenntag Specialties, a leader in chemicals and ingredients distribution based in Germany, has acquired Lawrence Industries Ltd, an independent specialties distributor in the ...
CNBM reports 10% YoY revenue drop
CNBM has reported revenue of CNY210.2bn (US$29.1bn) in 2023, down 10.1 per cent on the previous year. This was primarily attributed to a fall in the group’s basic building ma...
South African construction index expands
Afrimat has released the findings of its Afrimat Construction Index (ACI) for the 4Q23. The ACI is a composite index of the level of activity within the South African building ...
Exports driving Pakistan cement sales
Total cement dispatches in Pakistan rose 3.9 per cent YoY to 3.941Mt in March 2024 from 3.795Mt a year earlier, according to the All Pakistan Cement Manufacturers Association. ...
Scott Bros and Teesside University join forces on on low-carbon concrete
UK-based aggregates firm Scott Bros is working with Teesside University to run trials to see by much it can reduce the OPC content in concrete. The company, which specialises...
Capex falls behind targets for PPC
PPC has announced that its capital expenditure fell behind targets for the period ending March 2024. This was due to a delay in the company’s fly ash project in Zimbabwe, whi...
Sinai Cement sees sales surge in 2023
Egypt’s Sinai Cement has reported a surge in sales, with EGP4.28bn (US$90.68m) posted for 2023, compared to EGP2.34bn in the previous year. A consolidated net loss after t...
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