Lucky Cement invested PKR100bn in the last few years
Lucky Cement ( Yunus Brothers Group) has invested over PKR100bn (US$325.3m) in the past 4-5 years, which includes PKR30bn in Lucky Electric Power Co (LEPCL), PKR50bn in ceme...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CEMEX supplies Vertua to Khalifa Port expansion
CEMEX will provide over 200,000m 3 of Vertua lower-carbon concrete for the development of the topside infrastructure for the expansion of the Khalifa Port in the UAE, one of...
MPA welcomes Lex Russell as new chair
The Mineral Products Association (MPA) has appointed Lex Russell, managing director of CEMEX UK Materials, as its new chair for the next two years. Mr Russell takes over from...
US and Puerto Rican cement market contracts in June
Total shipments of Portland and blended cement in the USA and Puerto Rico slipped 2.5 per cent to 10.5Mt in June 2023 when compared with June 2022, according to the US Geologic...
CTP to supply WHR to Cimpor plants
Oyak group is investing in technology to mitigate the carbon footprint of its cement plants through its Cimpor subsidiary, which is equipping Souselas and Alhandra in Port...
CEMEX in talks to sell Dominican Republic business
CEMEX is reportedly considering selling its assets in the Dominican Republic. According to Bloomberg, the cement producer is working with J P Morgan Chase & Co on the potenti...
Hoffmann Green Cement Technologies to build green plants in Saudi Arabia
Hoffmann Green Cement Technologies (HGCT) has signed a 22-year exclusive licensing agreement with Saudi-based Shurfah Group that will see the construction of several green ceme...
Holcim opens its Innovation Hub
Holcim has announced the opening of its Innovation Hub to showcase its sustainable building solutions and serve as a co-creation lab to accelerate low-carbon, circular and en...
Ramco Cements commissions WHRS at Kolimigundla
Ramco Cements has announced the successful commissioning of its 12MW waste heat recovery system (WHRS) at its Kolimigundla plant in India. This takes the company’s total WH...
Italy’s cement exports see 28% rise in May
Cement production in Italy increased by four per cent YoY in June 2023, according to the national construction chamber, Federbeton. When compared with the 2015 base index, the ...
Argos MD forecasts further investments in the USA and Caribbean
Juan Esteban Calle, MD of Argos SA has revealed that the company is looking to invest in the USA and nearby markets to increase imports. “In the United States, we are maki...
Adani Cements plans green capacity expansion
The new capacity additions for Adani Cements would be only for manufacturing of green cement, as it looks to double the production of the commodity to about 140Mta by FY27-28. ...
Petcoke rallies and higher coal sees stable discounts
By Frank O. Brannvoll, Brannvoll Aps, Denmark Petcoke rallied in August, driven by a lack of supply and higher coal prices led to stable discounts in the neutral zone. Petco...
Minister visits Sigus cement and calls for more competitive cement pricing
Sigus Cement ( GICA Group ) recently welcomed the inspection field visit of the Minister of Industry and Pharmaceutical Production, Ali Aoun, to the wilaya of Umm Al-Bawaqi, ...
PPC appoints new CEO
South Africa-based cement producer PPC has appointed Matias Cardarelli as its new CEO. Mr Cardarelli was employed previously as CEO and chairperson of Natal Portland Cemen...
JSW Cement reveals IPO plans to fund expansion
JSW Cement is planning to launch an initial public offering (IPO) in 2024 to raise INR40,000m (US$483.8m) to fund its ongoing expansion plans, reports Live Mint. “I...
Fitch downgrades West China Cement
Fitch Ratings has downgraded West China Cement Ltd ’s (WCC) long-term issuer default rating (IDR) and its senior unsecured debt rating from BB to BB- due to the cement produce...
BUA Cement says new plants will drive down cement prices
BUA Cement has said that it hopes the completion of its two new plants this year would result in the lowering of cement prices in Nigeria. The company plans to add 6Mta of ce...
Bangladesh's mega infrastructure projects provide cement demand
The Bangladesh government is implementing around a dozen mega projects using locally-made construction materials instead of imported alternatives. Bangladesh Prime Minister, Sh...
Southern Province Cement posts net profit of SAR68m in 2Q23
In the January-June 2023 period, Southern Province Cement logged net profits after zakat and tax valued at SAR68m (US$18.1m) down 54.6 per cent YoY from SAR150m. Revenues ...
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