Northern Region Cement posts 5% increase in 2022 net profit
Revenues of Northern Region Cement Co in Saudi Arabia increased by 10 per cent to SAR617.95m in 2022 from SAR561.91m in 2021. Net profits after zakat and tax advanced 5.4 p...
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Lucky Cement completes the buyback of shares
Lucky Cement Ltd ( Yunus Brothers ) informed Pakistan Stock Exchange (PSX) that it had completed the buyback of its 10m shares, which began on 29 September 2022, at spot pric...
City Cement reports drop in net profit in 2022
Sales of Saudi-Arabia-based City Cement saw a 13.1 per cent fall to SAR431.4m (US$115m) in 2022 from SAR496.7m in 2021, reports Reuters. Net profit after zakat and tax was ...
UK spring budget: MPA rues missed opportunity
The Mineral Products Association (MPA) has responded to the UK Government’s Spring Budget by calling for clearer action to accelerate investment, green growth and infrastructur...
CRH receives first fossil-free steel construction hauler
At CONEXPO 2023 in Las Vegas, Volvo Construction Equipment (Volvo CE) handed over the first construction machine made from fossil-free steel for a North American cement produce...
Industrial Demonstrations Program for decarbonisation launched in US
The Biden administration is directing US$6bn in funding to speed up decarbonisation projects in energy-hungry industries such as cement, steel and aluminium making, which contr...
Fives to supply Sococim Industries with Novaflam® burner
Fives' double expertise in combustion and cement will be key to help Sococim Industries ( Vicat group ) reach its goal to increase the performance of its new cement plant line ...
Akmenes Cementas to import SRF to replace coal
Lithuania-based Akmenes Cementas plans to import up to 200,000t of solid recovered fuel (SRF) each year, replacing its use of coal. According to the Baltic Business Daily, th...
TCL raises cement price
Trinidad Cement Ltd (TCL), part of CEMEX, will increase its cement prices by 20 March 2023. TCL TTD43.65 (US$6.44)/42.5kg bag and by eight per cent for Premium Plus to TTD47....
Holcim supplies landmark Croatian tunnel
Holcim has supplied more than 120,000m 3 of its ECOPact low-carbon concrete to a tunnel project in Croatia, reducing the project’s CO 2 emissions by 30 per cent. In additio...
Pakistan's cement producers play the long game
This week ICR looks at Pakistan 's cement sector where new capacity is coming on-stream and cement producers are jostling for increased market share in the north of the countr...
Lindner’s shredding technology at work in Mexico
Regenera, a CEMEX subsidiary, has committed itself to collecting and recovering waste and has established more than 10 waste collection centres throughout Mexico. However, th...
Ecocem Director speaks out against composition of Net Zero Industry Act
Ecocem ’s Founder and Managing Director, Donal O'Riain, has spoken out on what he terms a missed opportunity with the passing of Europe's Net Zero Industry ACT (NZIA). Mr Riai...
Holcim acquires Polish recast concrete producer
Holcim has acquired HM Factory, a provider of precast concrete solutions with net sales of CHF18m. Its solutions cover a wide variety of needs, such as walls, staircases and ...
ECDE exports 0.35Mt of clinker from Algeria
Algeria-based ECDE , part of the GICA group, has exported since the start of the year close to 350,000t of clinker from Algeria, according to ECDE CEO, Kada Dinar. GICA’s Ch...
Votorantim records strong Brazilian revenue in 2022 regional results
In Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, main...
PPC expects drop in South Africa and Botswana sales volumes
South Africa-based PPC forecasts a 4-7 per cent drop in sales volumes in its domestic market and Botswana for the 12 months ending 31 March 2023, according to Reuters. To pro...
China Shanshui Cement preliminary profit down 73%
China Shanshui Cement has posted a preliminary profit for the full year of CNY748.7m, down 73.0 per cent YoY on the back of falling sales, according to Reuters. The company’s o...
Votorantim Cimentos posts net revenue of BRL25.8bn in 2022
Votorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favoura...
Ecocem founder denounces narrow CCUS focus of UK government
Following the UK government’s announcement in its budget to invest GBP20bn (US$24.1bn/EUR22.8bn) in carbon capture technology, Donal O'Riain, Ecocem ’s founder and director, v...
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