A score of cement companies mixed financial results in 9MFY22-23
Several of Pakistan’s cement firms have presented their financial result for the 3QFY22-23 and 9MFY22-23 in April/May 2023. During the accounting period of nine months, they r...
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Rising cement prices hit housebuilding in Nigeria
Rising cement prices in Nigeria are hampering housing development plans across the country. According to a survey by The Guardian, prices of building materials have soared by ...
Hail Cement returns to profit in 1Q23
Saudi Arabian cement producer Hail Cement Co saw revenue decline by 9.9 per cent YoY to SAR61.85m (US$16.5m) in January-March 2023 from SAR68.61m. The company posted a prof...
Universal Cement reports reports lower 1Q profit
Taiwan-based Universal Cement Corp reported revenue of TWD1835m (US$59.4m) in the January-March 2023, up 19.8 per cent when compared with the equivalent quarter of 2022, whe...
Clinker substitution takes hold in Africa
Ghana's cement producers have struck out on a decarbonisation and low-carbon cement path. By using local resources for raw materials and reducing the clinker factor, cement man...
Votorantim Cimentos revenue jumps 18% in 1Q23
Votorantim Cimentos has reported global revenue of BRL5.8bn (US$1.17bn) in the first quarter of 2023, up 18 per cent YoY. Adjusted EBITDA over the same period advanced by 85 ...
FLSmidth reports 6% rise in cement revenue in 1Q23
In the 1Q23 FLSmidth’s cement revenue increased by six per cent excluding currency effects, and by nine per cent excluding Russia, when compared to the 1Q22. Cement EBITA conti...
DoE announces funding to accelerate two cement industry CCUS projects
The US Department of Energy (DoE) Office of Clean Energy Demonstrations has announced the selection of eight projects for award negotiations, as part of the Carbon Capture Dem...
BUA Cement posts 9.7% rise in net revenue in 1Q23
BUA Cement reports its net revenues rose by 9.7 per cent to NGN106.4bn for the quarter from NGN97bn (US$209.7m) in the same period a year ago. BUA Cement’s 1Q23 reven...
UltraTech Cement Ltd recognised by BSC International Safety Awards
UltraTech Cement Ltd’ s five integrated units, one bulk terminal and one grinding unit have been recognised by the British Safety Council (BSC), winning awards for excellence ...
Verder Group acquires Formulaction SA
Gerard Meunier, CEO of Formulaction (left) and Andries Verder, owner of the Verder Group (right) The Verder Group has acquired Formulaction SA of France. As par...
Titan reports a robust 1Q performance
Titan Cement International SA saw a “very strong start to the year” with first-quarter 2023 sales up 29.3 per cent YoY to EUR588.1m, driven by increased demand in some key ma...
Loma Negra 1Q net profit sees 19% drop
Loma Negra , part of InterCement do Brasil , posted net sales revenues of ARS40,590m (US$197m) in the 1Q23, up 2.9 per cent YoY, on the back of good top line performance of c...
UK government funds CCS trial at Breedon Cement
The UK government is handing Breedon Cement GBP230,000 (US$290,338/EUR264,453) to investigate the use of carbon capture and storage facilities (CCS) in its cement production....
Cementos Pacasmayo 1Q net profit down by 5%
Revenues of Peru-based Cementos Pacasmayo SA declined 8.6 per cent YoY to PEN480m (US$131.4m) in the first quarter of 2023. "The intense rains that hit the north of the cou...
Fijian cement prices fall
Fijian cement prices are set to fall following the decline in prices for imported clinker. Pacific Cement PTE Ltd will implement new prices for its general blended bag cement...
Taiwan Cement reports 9% increase in April revenues
Taiwan Cement Co reported revenues of TWD9.1bn (US$296.4m) in April 2023, up 9.4 per cent from TWD8.319bn in April 2022. In the first four months of 2023 the company saw it...
Geocycle and Lafarge Canada to divert waste to Brookfield plant
Driven by its Strategy 2025 ‘Accelerating Green Growth’, Geocycle Canada and Lafarge Canada have been paving the way to use low-carbon alternative fuels to divert household...
Heidelberg Materials reports strong 1Q revenue growth
Heidelberg Materials announced a 13.4 per cent YoY increase in revenues (adjusted for scope of consolidation and exchange rate effects) to EUR4896m in the first quarter of 20...
Cementir posts 1Q23 revenue of EUR414.8m
Cementir ’s revenue totalled EUR414.8m in the 1Q23, up 14.5 per cent from the 1Q22. EBITDA reached EUR81.2m, a 33.8 per cent YoY advance while profit before taxes totalled EUR...
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