Cherat Cement reported profits up by 3% in 1QFY23-24
Cherat Cement Co Ltd (CHCC), subsidiary of Gulham Faroque Group , has announced its financial results for the 1QFY23-24 ended 30 September 2023. It reported an increase in ...
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Continental Cement signs hydrogen MoU
Summit Materials , in partnership with its subsidiary Continental Cement Co , has signed a Memorandum of Understanding (MoU) with PCC Hydrogen Inc (PCCH2), a producer of nega...
Yamama Cement saw growth in revenue and profit in 9M23
Yamama Cement Co of Saudi Arabia recently announced its interim financial results for nine months, ending on 30 September 2023, at the Saudi stock exchange. The company earne...
Alternative fuel plant achieves 75,000t of valorised waste in first-year
Cementos Molins celebrates the first year of operation of its alternative raw materials plant, located within its facilities in Barcelona, Spain, with a significant milestone. ...
Heidelberg Materials named as Summit mystery bidder
Just weeks after it was reported that Summit Materials had entered into an agreement to merge with the US operations of Cementos Argos , Heidelberg Materials is allegedly ...
Najran Cement to buy 20-25 per cent stake in the building materials industry
Najran Cement Co of Saudi Arabia announced the signing of a non-binding memorandum of understanding (MoU) with Ayan for Commerce & Industry (Ayan), according to which Najran ...
Gas price increase expected for Pakistan's cement industry
According to local reporters, Pakistan's government will likely increase gas prices for commercial and domestic users to meet some conditionality of the IMF programme and overc...
Heidelberg Materials raises full-year outlook
In the course of preparing its quarterly statement for the first nine months of 2023, Heidelberg Materials has announced preliminary 3Q23 results above current capital market...
Vietnam’s cement market contracts 21% in 9M23
Cement sales in Vietnam dropped 21 per cent YoY to 4,031,951t in September 2023, according to the Vietnam National Cement Association (VNCA). Of this total, VICEM reported sale...
Bamburi Cement calls for collaborative approach on decarbonisation
Kenya’s Bamburi Cement has issued a rallying call to the country’s construction sector to encourage decarbonisation. According to Capital Business, the company is in talks wi...
Campulung modernisation is completed
KHD has successfully delivered upgrades to the pyroprocessing and cement grinding lines at Holcim Romania ’s Campulung cement plant . The project increases clinker productio...
After dip, freight rates seen stable to slightly higher
By Brannvoll ApS, Denmark The USG Supramax spot freight market was strong during the first half of the month. Rates were increasing thanks to consistent fronthaul demand wh...
CEMEX supplies Vertua to world's 10th-largest football stadium
CEMEX has supplied its Vertua water-permeable concrete for the renovation of the University of Alabama’s Bryant-Denny Football Stadium, the 10th-largest stadium in the world ...
Finnsement appoints responsibility director
Finnsement has appointed a responsibility director. The appointment is part of a wider organisational reform to respond to the challenges posed by the constantly changing oper...
Indocement looks to dominate Central Java market
This week Heidelberg Materials' subsidiary, PT Indocement Tunggal Prakarsa (Indocement), signed an agreement to acquire PT Semen Grobogan in Central Java, Indonesia. Despite be...
Deutsche Bank clamps down on emissions targets
Deutsche Bank has reportedly set emissions targets for loans to clients in the cement sector as part of the bank’s net-zero target for 55 per cent of its financed emissions. A...
Fives to supply FCB Horomill® to Cementos Moctezuma
With 14 machines already installed in Mexico, Cementos Moctezuma SA de CV has once again selected the FCB Horomill ® technology to increase the cement production capacity of i...
Pakistan's cement and clinker exports grow 44% in 3MFY23-24
Pakistan’s cement industry has sustained a noteworthy growth in cement and clinker exports during the first quarter of FY23-24 (July-September 2023) due to the continued depre...
UltraTech Cement posts volume growth of 16%
UltraTech Cement Ltd ( Aditya Birla Group ) has announced its financial results with a robust volume growth of 16 per cent for the quarter ended 30 September 2023. Ce...
Drop in oil, reversed by new Middle East situation adding uncertainty, while petcoke discounts attract buyers again
By Frank O. Brannvoll, Brannvoll ApS, Denmark A geopolitics crisis emerged with the Hamas attack on Israel at the beginning of October. The European Central Bank raised in...
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