Patrick Vericel becomes majority shareholder of MLT Minet Lacing Technology
Patrick Vericel has become the new majority shareholder of the MLT Group Conveyor solutions company, MLT Minet Lacing Technology, based in Saint-Chamond, France, h...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CRH reports 7% sales growth in 1Q23
CRH has reported a “positive start” to the year with 1Q23 sales up seven per cent YoY across the group. Americas Materials Solutions saw a 10 per cent advance in sales in the...
GCC reports 146% surge in 1Q net income
GCC SAB de CV posted its first-quarter 2023 consolidated sales, which saw a 17.9 per cent YoY increase to US$243.9m. EBITDA in the 1Q23 advanced 15.5 per cent YoY to US$63m. ...
OPEC + surprise cut sends oil sharply higher, coal stable petcoke sliding sending discount back to neutral zone
By Frank O. Brannvoll, Brannvoll ApS, Denmark The story of inflation and central bank rate hikes continues. Inflation figures from the US were at five per cent in March, ...
QualiCal wins order for PT Uniserv lime kiln
QualiCal's advanced lime kiln technology is set to enhance production capacity and environmental performance at PT Uniserv’s Indonesian plant. PT Uniserv of Indonesia, a lea...
Heidelberg Materials divests its joint venture in Georgia
Heidelberg Materials has completed the divestment of its joint venture in Georgia. The company previously held a 45 per cent stake in CaucasusCement Holding BV, the parent co...
Andrés Segú Undurraga resigns from Polpaico Board
Andrés Segú Undurraga has resigned from his position as director of Cemento Polpaico SA, Chile. His respective alternative director, José Tomás Edwards Alcalde, also resigned o...
MOF Technologies rebrands to Nuada
MOF Technologies, a UK-based company whose technology efficiently captures CO 2 directly from industrial sources, is rebranding to Nuada. Nuada’s next-generation ‘heatles...
Freight rates have potential to go higher after consolidation
By Brannvoll ApS, Denmark The USG Supramax freight market was taking a breather as charterers stepped away after the push in rates observed last month. Rates were slippin...
Pakistan's cement industry saw a mixed export revenue trend in 9MFY22-23 and March
Pakistan's cement industry saw a negative trend in export revenue on the back of a range of factors, including a slowdown in economic activity in Pakistan and overseas. Accordi...
Spanish cement demand up 24% in March
Cement consumption in Spain increased 23.5 per cent YoY to 1.4Mt in March 2023, according to Oficemen. The significant market growth in the third month was attributed to the lo...
Fauji Cement Co to become Pakistan's third-largest cement producer
Fauji Cement Co Ltd (FCCL) heads to become the third-largest cement producer with a total cement production capacity of 10.5Mta in Pakistan, according to AKD Research. FCC...
Hoffmann Green has a busy start to 2Q23
Hoffmann Green Cement Technologies has announced a number of major achievements at the start of the 2Q23. Firstly, it has extended its contract with GCC until the end of 2...
Oman Cement sales advance in 1Q23
Oman Cement Co has reported sales of OMR19.5m (US$50.65m) in the opening quarter of 2023, ending 31 March 2023. This compares to OMR16.96m in the same period a year earlier. ...
UltraTech Cement's Rawan plant wins Kaizen awards
UltraTech Cement ’s integrated cement manufacturing unit Rawan Cement Works, located in Rawan village of Raipur district, Chhattisgarh, has won three Platinum awards and one...
Holcim reports 8% organic growth in 1Q23
Holcim has reported organic sales growth of eight per cent to CHF5725m (US$6401m) in the first quarter of 2023. Over the same period, recurring EBIT came in at CHF493m, marki...
Peru’s cement market contracts 17% in March
Cement consumption in Peru declined by 17 per cent to 0.958Mt in March 2023 when compared with March 2022 when dispatches reached 1.151Mt, according to the country’s cement ass...
India adds 7Mta as expansion plans continue
India’s cement producers have added around 7Mta of cement production capacity in the last few weeks alone as their expansion plans continue. According to Argus Media, Ultra...
Cementa prepares groundwork for 2030 electricity supply at Slite plant
Cementa ( Heidelberg Materials ) is working purposefully in three areas to enable the transition to its carbon capture and storage (CCS) facility at its Slite plant by ...
CarbonRe gains valuable feedback from UK plant visit
The machine learning (ML) team at CarbonRe recently visited Breedon 's Hope Cement Works in Derbyshire, UK and spent a day talking with plant operators who are working with...
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