CRH reports 8% sales growth in 9M23
CRH has posted sales of US$26.3bn for the first nine months of 2023, up eight per cent on the same period a year earlier. EBITDA in the 9M23 has come in at US$4.8bn, marking ...
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Maple Leaf Cement to move into hospital sector
Pakistan’s Maple Leaf Cement (MLCF) is investing PKR800-900m (US$2.77-3.12m) in a new solar power plant. The plant is expected to have a production capacity of 7.5MW. The com...
PPC reports 21% advance in revenue in 1HFY24
PPC has posted revenue of ZAR6172m (US$335.2m) in the 1HFY24 (ended 30 September 2023), up 20.9 per cent YoY. EBITDA advanced from ZAR728m in the 1HFY23 to ZAR1069m in the sa...
Shortlist of candidates for CIMA sale
Seven companies have been identified as potential purchasers of Cement Industries of Malaysia Bhd (CIMA), part of the UEM Group Bhd. According to The Edge Malaysia, of the se...
Pakistan to strategise industrial policy, including cement
Pakistan’s caretaker government has formed a 19-member Industrial Advisory Council to develop industrial policies, including for the cement industry. The council comprises memb...
EBRD and A³&Co support Arabian Cement on net zero journey
The European Bank for Reconstruction and Development (EBRD) and consulting firm A³&Co ® have joined forces to support Egypt’s Arabian Cement Co in its transition to net zero...
Thailand pins hopes on Land Bridge Project
Thailand’s economy grew much slower than expected in the third quarter of 2023. According to the country’s National Economic and Social Development Council (NESDC), GDP expand...
Aramit Cement reports ongoing losses
Bangladesh-based Aramit Cement Plc has announced its financial results for the 1QFY23-24 (July -September 2023) and FY23 (July 2022 –June 2023). The company reported an exten...
PPC sells Cimwera to National Cement Holding Ltd for US$42.5m
PPC Ltd has completed the sale of its 51 per cent stake in Rwandan cement producer Cimerwa to National Cement Holding Ltd for a cash consideration of US$42.5m. The deal is ...
Cement Industries (Sabah) reopens plant
Malaysia-based Cement Industries (Sabah) Sdn Bhd ’s cement plant at Sepanggar is operational again after a machinery breakdown. The facility experienced what the company des...
Korea's white cement levy on Egypt begins
South Korea’s anti-dumping duty on white Portland cement from Egypt has begun. The 72.23 per cent levy started on 15 November 2023 and will last for four months. The move is...
World's largest multi-compartment cement silo commissioned
Haver & Boecker, in conjunction with IBAU HAMBURG, has successfully completed the commissioning of the world’s largest multi-compartment cement silo at the Melbourne Cement fac...
Can Germany's construction sector avoid collapse?
This week the Financial Times cited that the growing collapse in the German housebuilding sector could spread through the wider economy. Germany's construction sector has plumm...
Hume Cement sees return to profit in 1QFY23-24
Malaysia-based Hume Cement reported a MYR48.33m net profit for the 1QFY23-24, ended 30 September 2023 versus a net loss of MYR12.04m in the year-ago period. Revenues advanced...
CEMEX and FREE to develop new solar power project
CEMEX Philippines has signed an agreement with Filinvest-ENGIE Renewable Energy Enterprise, Inc (FREE) for a 10.08MW solar project at CEMEX’s cement plant in Naga City , Ceb...
New ACC plant marks third investment by Holcim Romania
Holcim Romania has completed its EUR15m investment in its autoclaved aerated concrete (AAC) plant in Adjud, expanding the unit’s capacity by approximately 45 per cent. The pr...
Iran's cement consumption up 16% in October
Cement demand in Iran has increased by 16.3 per cent YoY to 6.07Mt in October 2023, reports the Iranian Cement Association. Clinker production slipped 2.3 per cent YoY to 6.93...
Crown Cement posts profit of BDT343m in 1QFY23-24
Crown Cement Plc of Bangladesh announced its financial results for the 1QFY23-24. The company reported a profit after taxation of BDT343m (US$3.09m) between July and Septembe...
TPI Polene reports 10% sales drop in 9M23
TPI Polene ’s sales performance in the 9M23 was 10 per cent lower YoY to THB33,528m (US$945.5m), while EBITDA generated was down 27 per cent YoY to THB8127m. The main factor f...
Holcim US rebrand reaches Atlanta
Holcim US has announced that the expansion of its rebrand has now touched down in Atlanta, Georgia, one of its major cement distribution markets. The transition will see the ...
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