Azerbaijan cement production up 5% in 2023
Azerbaijani cement companies produced 3.725Mt of cement in 2023, up 4.6 per cent YoY, according to the State Statistics Committee. Clinker output reached 3.869Mt, representing ...
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Lucky Cement records 92 per cent jump in profit
Lucky Cement Ltd posted its financial result for 1HFY24 at the Pakistan Stock Exchange (PSX) on 26 January. The company announced unconsolidated earnings of PKR13.710bn (US$4...
FOB discounts fall while ARA discounts return to neutral
Coal fell sharply below US$100, due to weak demand and large stocks, on 22 January 2024, while oil hovered around the US$80/bbl mark as freight issues in the Suez Canal and the...
Inform collaborates with ready-mix software company
AI-powered optimisation software company Inform has formed two new collaborations. The first is with BCMI, an innovative leader in cloud-based software company, for ready-mix c...
Kohat Cement welcomes new company secretary
Nadeem Atta Sheikh, chief executive at Kohat Cement , informed the Pakistan Stock Exchange Ltd (PSX) on the 26 January that Muhammad Ahsan Yousaf has ceased to be the company ...
Adani Group's fast-track expansion
Adani Group has seen fast-track expansion since May 2022, when it was the successful bidder to acquire Holcim India, consisting of ACC Ltd and Ambuja Cements. Built on a divers...
ACC reports 375% surge in PAT
India’s ACC Ltd has reported a 139 per cent YoY leap in operating EBITDA to INR9050m (US$108.87m) in the 3QFY23-24. Profit after tax over the same period has advanced by 375 ...
Votorantim Cimentos to invest BRL5bn until 2028
Votorantim Cimentos announced BRL5bn (US$1bn) in investments, which BRL1.5bn (US$300m) are already in place, to expand the company's cement capacity by 10 per cent in the nex...
Holcim US collaborates on membrane CC technology
Holcim US, Ohio State University and GTI Energy are joining forces to design, build and test a cost-effective membrane carbon capture technology, funded in part by the US Dep...
Cement dispatches show mixed trend in January
The All Pakistan Cement Manufacturers Associations (APCMA) is yet to issue January 2024 cement dispatches data about local consumption and export. However, Topline Pakistan Res...
Holcim orders 1000 Mercedes-Benz battery-powered trucks
Holcim will deploy a total of 1000 units of Mercedes-Benz Trucks’ new eActros 600 battery-powered electric truck, which premiered in October 2023, to its European fleet. This...
Enhancing productivity dominates construction start-ups, reports CEMEX
CEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX, has released its list of the most promising construction technology (Contech) start-ups of 20...
Dalmia Bharat Ltd records INR2660m profit in 3QFY24
Dalmia Bharat Ltd reported profit after tax of INR2660m (US$32m) in the 3QFY23-24, up 22 per cent from INR2180m in the 3QFY22-23. Sales volume reached 6.8Mt in the 3QFY23-24....
Petrofac wins CO2 capture role at Cauldon Cement plant
Petrofac’s consulting team, based in Woking, UK, is delivering several early engineering scopes, including feasibility and technology selection, that will identify opportunitie...
JK Cement sees continued revenue growth
JK Cement has reported total income of INR28,199m (US$339.12m) in the three months ended 31 December 2023. This compares to INR25,984m in the previous quarter and INR23,581m ...
Geocycle Egypt completes new SRF platform
Geocycle Egypt has launched its SRF hub, giving it precise control over the quantity and premium quality of alternative fuel at 15MJ/t RDF, adhering to our specifications and s...
Uzbek cement output up 3% in 11M23
Cement producers in Uzbekistan produced 11.1Mt of cement in the January-November 2023 period, according to the Statistics Agency of Uzbekistan. When compared with the previous ...
NCCB appoint new chairman
Neeraj Akhoury, president of the Cement Manufacturers’ Association and MD of Shree Cement Ltd, has been appointed as the chairman of the National Council for Cement and Buildin...
Vietnam cement sales contract 16% in 2023
Cement sales in Vietnam declined by seven per cent to 5,295,422t in December 2023, reports the Vietnam National Cement Association (VNCA). Of this total, 1,567,174t of cement w...
Dangote Cement attracts substantial investment
Dangote Cement has become the first company to be valued at NGN10trn (US$11.76bn) on the Nigerian stock market. The company’s share price advanced by 9.99 per cent on 22 Janu...
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