Deccan Cements sees revenue decline
India's Deccan Cements Ltd has reported total revenue of INR1709m (US$20.52m) in the quarter ended 30 September 2023, down from INR1952m in the previous quarter and INR1822m ...
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Northern Region Cement awards EPC contract for new line
KHD Humboldt Wedag and AVIC have been awarded a major EPC contract for engineering, equipment supply, construction, commissioning and site services for a new 3500tpd production...
JK Cement reports uptick in revenue
JK Cement Ltd has posted total revenue of INR25,984m (US$312.3m) in the three months ended 30 September 2023. This compares to INR21,584m in the same period a year earlier. P...
Premier Cement Mills continues to report losses in FY22-23
Bangladesh cement producer Premier Cement Mills (PCM) announced its financial results for the Fy22-23, which ended 30 June 2023, a week before. It reported a loss after taxat...
TPI Polene Plc achieves 5-star corporate governance rating
Both TPI Polene Plc (TPIPL) and TPI Polene Power Plc (TPIPP) have achieved the five-star “Excellent” rating of its Corporate Governance Practices for the year 2023 as assesse...
UNTHA appoints global marketing director
Austria-based shredding technology specialist UNTHA has appointed a new global marketing director as part of its plans for significant growth over the next five years. Katie M...
Martin Marietta posts improved 3Q results
Martin Marietta Materials Inc posted total revenues of US$1994.1m in the 3Q23, up 10.1 per cent YoY from US$1811.7m. Gross profit improved 38.6 per cent YoY to US$676m in the...
Saudi Cement sees drop in 3Q profit
Saudi Cement Co reported a 15.4 per cent drop in quarterly net profit after tax and zakat to SAR68.3m (US$18.2M) in the 3Q23 when compared with the year-ago period when net p...
SRM Group ventures into cement
India’s SRM Group has entered the cement business with the launch of a new subsidiary, SRMPR Cement. The Chennai-based company invested INR2250m in a 420,000tpa cement capacity...
JK Lakshmi Cement to invest INR2.25bn in Surat expansion
JK Lakshmi Cement announced it will be spending INR2.25bn (US$27m) to expand its Surat plant in Gujarat, India. Cement capacity at the plant will be increased by 1.35Mta by...
Kakatiya Cement returns to black in 2QFY23-24
India-based Kakatiya Cement Sugar & Industries reported a standalone net profit of INR18m in the 2QFY23-24 when compared to a net loss of INR49.9m in the year-ago period. Ope...
FOA call for compliance of the Axle Load Regime
A public notice from the Fleet Operators Association (FOA) of Pakistan urges strict implementation of the axle load regime (ALR) and the National Trucking Policy to save human ...
Attock Cement re-appoints Nawaz as CEO
Attock Cement Pakistan informed Pakistan Stock Exchange Ltd (PSX) on 3 November that after the recent election of directors held on 23 October 2023, Babar Bashir Nawaz was re...
CEMEX to reassess regional strategy?
This week CemNet investigates CEMEX's strategy in central America and the Caribbean. The Mexico-based cement producer may consider exiting the Dominican Republic, while looking...
Italy's cement production up 5% in August
Italian cement production saw a five per cent increase YoY in August 2023, reaching an index value of 62 when compared with the base year of 2015, according to the national con...
Indonesia’s increased 9M23 demand sees positive results for key producers
Indonesian cement consumption increased 4.4 per cent YoY and 2.7 per cent MoM to 6.12Mt in October 2023, as infrastructure projects in Sumatra were completed and work progresse...
ClimeCo leads development of low-carbon cement protocol
ClimeCo, a leading global sustainability company, recently leveraged its industrial and methodology expertise to lead the development of Climate Action Reserve’s (CAR) new US ...
1QFY23-24 is a good omen for Pakistan’s cement industry
Pakistan’s cement industry saw healthy growth in profit after tax (PAT) between July and September 2023 (1QFY23-24) on the back of a 32 per cent YoY advancement in sal...
Israel-Gaza war drives coal higher with petcoke reversing its drop
By Frank O. Brannvoll, Brannvoll ApS, Denmark Coal was driven higher by the energy complex responding to the Israel-Gaza war and is now at the top of the US$100-140 range. ...
Inauguration of Sokoto plant expansion by January 2024
BUA Cement has revealed its plan to inaugurate its Sokoto plant expansion by January 2024. Abdulsamad Rabiu, the Chairman of BUA Group , made this announcement during his v...
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