GCCA launches Innovandi Open Challenge 2024
The Global Cement and Concrete Association (GCCA) has launched Innovandi Open Challenge 2024. This is a pioneering international programme that brings together tech start-ups a...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Doğu Anadolu Cement starts trading on Borsa Istanbul
Having completed the public offering for Doğu Anadolu Cement, Turkey-based Limak Holding reports that the company will begin trading on Borsa Istanbul on 22 February 2024. ...
Aggregate Industries to establish Southampton import facility
Aggregate Industries ’ cement business is expanding by establishing a new cement storage facility for deepsea shipping lines at the Port of Southampton, UK. As part of a 20-ye...
Qassim Cement Co is to acquire all of Hail Cement Co's shares
Two cement producers in Saudi Arabia are in the amalgamation process and have informed their intention with limited details to the local bourse. According to a notification of ...
LafargeHolcim Bangladesh initiates plastic waste facility
LafargeHolcim Bangladesh ( Holcim group ) and Sylhet City Corp (SCC) launched a joint initiative to install a material recovery facility at BDT153m (US$1.39m) to sustain plas...
Sika reports record sales, up 7%, in 2023
Sika posted record sales of CHF11,238.6m, up 7.1 per cent with an increase of 14.5 per cent in terms of local currencies in 2023. Operating profit adjusted for one-time M&A e...
Cherat Cement saw 12 per cent profit growth in 1HFY23-24
Cherat Cement (CHCC) has recently uploaded its financial results to the Pakistan Stock Exchange (PSX) website. The company reported a 2QFY23-24 net profit after tax (NPAT) of...
Politics dominates the energy market, oil stabilises but coal drifts lower while petcoke rises on lower freight rates
By Frank O. Brannvoll, Brannvoll ApS, Denmark The oil price remains subject to a risk premium due to the Israel-Gaza conflict. Providing the situation does not escalate, t...
Raysut Cement Co announced a change of board member
Raysut Cement Co informed the Muscat Stock Exchange on 18 February that Mubeen Jaleel Khan resigned as a board member due to personal reasons. This was effective from 15 Febr...
Cementos Molins appoints Javier Sueiras as CIO
Spain-based Cementos Molins has named Javier Sueiras as its new Chief Information Officer (CIO). Mr Sueiras will lead the IT Solutions and Services area, focussing on promo...
Peruvian market expands 9% in January
Cement dispatches in Peru increased nine per cent to 1.016Mt in January 2024 when compared with 0.928Mt in January 2023, according to the Peruvian cement association, ASOCEM. O...
Technip Energies awarded CCUS design and engineering contract
Technip Energies, a world-leading engineering and technology player for the energy transition, has been selected as one of the partners for a front-end engineering and design (...
Holcim Mexico is investing US$55m in new mill
Holcim Mexico will invest US$55m in the construction of a new mill at its cement plant located in the municipality of Macuspana , Tabasco. The mill will process the company'...
Electrified Thermal Solutions secures US$5M decarbonisation funding
In late January, the US Department of Energy (DOE) announced a US$171m investment, funding 49 projects across 21 states to help cut industrial greenhouse gas (GHG) emissions. E...
Vicat posts better than expected results in 2023
Vicat posted 2023 EBITDA of EUR740m, a rise of 30 per cent compared to 2022, an improvement on analysts CIC Market Solutions’ expectations of EUR709-716m. Several factors ...
WCA launches CBAM communication campaign
The World Cement Association (WCA) is working to support the roll-out of the EU’s Carbon Border Adjustment Mechanism (CBAM) by joining its stakeholder communication campaign. T...
Mali's path to cement self-sufficiency
Set on expansion in west Africa, CIMAF announced this week that it had laid the foundation stone for its new grinding plant in Mali. Other cement producers have also targeted...
Crown Cement's net profits rise 649% in 1HFY23-24
Crown Cement PLC , one of Bangladesh’s leading cement manufacturers, recently uploaded its financial results on the Dhaka Stock Exchange (DSX). The company witnessed a hefty s...
CEMEX and Orcan energy extend WHR agreement
CEMEX and Orcan Energy have signed a large-scale partnership to decarbonise cement production through waste heat recovery (WHR). Building on the initial WHR collaboration at ...
Summit reports 10% revenue advance in 2023
Summit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 p...
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