Kohat Cement completes the buyback of 5m shares
Kohat Cement Co Ltd (KOHC) informed Pakistan Stock Exchange Ltd (PSX) on 3 August that in compliance with Regulation 10(g) of the listed companies (buy-back of shares) regula...
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Kunda Nordic Tsement is now Heidelberg Materials Kunda AS
Kunda Nordic Tsement ( Heidelberg Materials ) has changed its name to Heidelberg Materials Kunda AS . The name change followed the roll-out of the Heidelberg Materials global ...
Dangote Cement appoints independent non-executive director
Dangote Cement Plc has appointed Alvaro Poncioni Mérian as independent non-executive director. Mr Mérian is founder and managing partner of EDNAM Capital, UK, and founder and...
Buzzi SpA reports consolidated EBITDA up 58% in 1H23
Buzzi SpA announced its 1H23 results reporting that consolidated EBITDA stood at EUR575.3m, up 57.6 per cent compared to EUR365.1m of the previous year. The figure for the ...
Nigerian cement sector expands 16% YoY in 1H23
Three of Nigeria’s leading cement producers have reported combined revenue of NGN1.37trn (US$1788m) in the opening six months of 2023, despite the challenging business environm...
India Cements reports loss in June 2023 quarter
The India Cements Ltd has reported revenue from operations of INR13,930.4m (US$168.3m) in the quarter ended 30 June 2023, down from INR14,462.3m in the same quarter a year ea...
Rwanda commissions new cement plant
Rwandan President, Paul Kagame, inaugurated on 3 August 2023 the AnJia Cement Factory, a Chinese-funded cement plant Muhanga Industrial park, Southern Province, Rwanda. The An...
Pakistan started with a massive growth in cement dispatches in 1MFY23-24
Pakistan recorded a considerable growth of 57.4 per cent in cement dispatches in July 2023, when total cement dispatches totalled 3.21Mt against 2.04Mt dispatched in July 2022...
Solar kiln scaled to industrially-viable levels
CEMEX and Synhelion have announced a significant milestone to develop fully solar-driven cement production by scaling their technology to industrially-viable levels. This inc...
Bangladesh sets a target export revenue of US$15m in FY23-24
Bangladesh had set a higher target export revenue of US$15m against US$13.66m earned in the last fiscal year of FY22-23. The encouraging figure/trend of July 2023 would lead t...
Titan commits to a greener future
This week we take a look at Titan Group's 2022 Sustainability Report. The vertically-integrated Greek building materials company has a global presence, stretching from Brazil a...
Adani Group updates expansion plans following SIL acquisition
The Adani Group has provided an update on its plans following the announcement of its acquisition of a majority stake in Sanghi Industries Ltd (SIL). According to The Telegra...
Eagle Materials Inc's heavy materials division achieves revenue of US$396m in 1QFY23-24
Eagle Materials Inc 's first quarter of FY23-24 ended 30 June 2023 saw revenue in the heavy materials sector joint venture (JV) and intersegment cement revenue reach US$396m,...
Dalmia Cement (Bharat) Ltd orders Gebr Pfeiffer VRMs
Dalmia Cement (Bharat) Ltd has ordered one MVR 3750 C-4 each for two cement grinding plants, one in Ariyalur and one in Kadapa , India. The mills will produce ordinary Po...
Romcim SA’s takeover move gets green light from Competition Council
Romcim SA, a Romania-based producer of cement, concrete and other construction materials, has had its takeover of Bauelemente Reinvest SRL and its subsidiary Bauelemente SRL ap...
Vulcan Materials reports on strong aggregates sector in 2Q23
Vulcan Materials Co has announced total revenues of US$2113m in the second quarter of 2023, up from US$1954m in the same period a year earlier. Adjusted EBITDA has come in at U...
Borneo Cement (Sabah) to complete 1.75Mta capacity project by 3Q25
Following a joint venture agreement between Sabah Economic Development Corp (Sedco) and Sri Alam Setia Sdn Bhd that will see the creation of Borneo Cement (Sabah) Sdn Bhd, a ne...
CEMEX and Ecocem start concrete trials at Heathrow Airport
CEMEX is partnering Heathrow Airport and Ecocem on a trial to explore the viability of lower-carbon concrete at the site. Following a series of lab and plant trials, the...
UltraTech Cement invests in wind power company
UltraTech Cement has entered a Share Subscription and Shareholders Agreement and Energy Offtake Agreement with VEH Radiant Energy Pvt Ltd for the purpose of acquiring 26 per...
Prism Johnson turns a profit in June quarter
India-based Prism Johnson saw its net sales advance seven per cent YoY to INR19.04bn (US$230.4m) in the quarter ended 30 June 2023. Over the same period, consolidated profit ...
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