USG Supramax rates seeing end-of-month decrease
By Brannvoll ApS, Denmark It was a positive start to the month for Supramax shipowners in the USG region. The rates were increasing on fronthaul routes on the back of the ti...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
CO2 capture and storage - a German pipe dream waiting to happen?
This week, a report on Germany's CO2 pipeline infrastructure by the country's cement industry association, VDZ, estimated that a total of 4800km of CO2 pipelines is needed, cos...
Votorantim Cimentos announces a 123% increase in net profit in 2023
Votorantim Cimentos has reported a 123 per cent growth in net profit in 2023 to BRL2.6bn (US$522.7m), from BRL1.2bn in 2022. The company’s consolidated global net revenue was...
CEMEX reveals strategy for EBITDA growth
CEMEX has outlined its strategy to achieve high single-digit EBITDA growth in the medium term. According to the company, since 2020 it has focussed on rebalancing its portfol...
Heidelberg Materials Italy signs clean energy PPA
Heidelberg Materials Italy ( Italcementi ) has signed a power purchase agreement (PPA) with OX2, Europe’s leading producer of renewable energy. The PPA covers the supply of a...
Cemvision raises EUR10m in landmark climate tech seed round
In the largest known green cement seed round to date, Sweden-based Cemvision joins forces with its compatriot investors Polar Structure and BackingMinds, and SF-based Zacua Ven...
Lucky Cement diversifies mining business
The Competition Commission of Pakistan (CCP) has recently approved two mergers (cement and fertiliser firms) in the mining of copper and minerals in the Balochistan province of...
Kuwait Cement reports a 59% fall in quarterly profit
Kuwait Cement Co KSC has reported a 59.3 per cent drop in quarterly net profit from KWD2.7m (US$8.8m) to KWD1.1m between January 1 to 31 March 2024. The company's quarter...
Arabian Cement awarded three EPDs
Arabian Cement Co has been awarded the Environmental Product Declaration (EPD) certificate for three of its key products – clinker OPC, CEM II/A-P 42.5N, and CEM I/42.5N. ...
TUSDEC initiates global chain study
Technology Upgradation and Skill Development Co (TUSDEC), established by Pakistan's Ministry of Industries and Production, has announced that it is working to upgrade the techn...
Peru's cement market contracts 2% in February
Peruvian cement dispatches slipped by two per cent YoY to 0.89Mt in February 2024 when compared with the previous year’s equivalent period, said the country’s cement associatio...
Successful kiln lift at Mergelstetten's catch4climate project
A 700t crane was used to lift the kiln into position at Mergelstetten cement plant, Germany, for the ‘catch4climate’ CO 2 capture project on 7 March 2024. The four Europe...
Syrian Hama plant restores Plant No 3 to working order
General Company for Cement and Building Materials in Hama province, Syria, has restored Plant No 3 to operational status, after the completion of comprehensive maintenance of...
Anhui Conch sees profit decline in 2023
Anhui Conch Cement has reported turnover of CNY140,999m (US$19,588m) in 2023. This compares to CNY132,021m in the previous year. Gross profit declined from CNY27,190m in 2...
Indian fair trade regulator approves UltraTech’s acquisition of Kesoram cement business
The Completion Commission of India (CCI) has approved UltraTech Cement ’s proposed acquisition of Kesoram Cement Business , the cement arm of Indian conglomerate Kesoram Ind...
Heidelberg Materials opens new bagging centre at Mitchell plant
Heidelberg Materials North America has installed a state-of-the-art packaging system at its Mitchell plant in Indiana, the second-largest cement plant in North America. The...
Holcim acquires two COMOSA ready-mix plants
Holcim has acquired two ready-mix concrete plants of COMOSA in Querétaro, central Mexico. The acquisition is expected to strengthen Holcim’s presence in the local market, whi...
Track and trace system for cement and auxiliary products in Pakistan
The Federal Board of Revenue of the Government of Pakistan (FBR) is seeking applications for the grant of five-year licence(s) under Licensing Rules, 2019, of track and trace s...
Indian cement demand growth to decline in 4QFY23-24
India is expected to see a fall in cement demand growth in the final quarter of the current fiscal year (January-March 2024), due to a slowdown in construction activity, advers...
Holcim Switzerland acquires Cand-Landi Group
Holcim Switzerland has acquired the Cand-Landi Group. This transaction is the result of a successful partnership that the two companies have maintained for many years to bett...
Stay Informed in this ever-changing landscape
Don't miss the latest cement industry updates. Subscribe to International Cement Review today!
