Taiheiyo’s Jiangnan-Onoda suspends cement business in Nanjing, China
Taiheiyo Cement Corp announced that its consolidated subsidiary Jiangnan-Onoda Cement Co Ltd has decided to suspend the cement manufacturing and sales business in Nanjing Cit...
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Cemento Polpaico sees 70% drop in profits in 2022
Chile’s Cemento Polpaico , owned by the Hurtado Vicuña Group , reported a 16.9 per cent increase in revenue in 2022 to CLP368,391m when compared with 2021 when revenue reache...
FLSmidth achieves waste heat bypass record at Cement Panam
Cement Panam ’s greenfield cement plant in the Dominican Republic set a new record for FLSmidth for the 300m distance covered for a waste heat bypass system from the clinker c...
National Cement Co Ltd to open 2.5Mta clinker plant in Kenya
Kenya-based National Cement Co Ltd (NCC) has announced it will open a new clinker plant in September 2023. Located in West Pokot, the new plant is expected to have a clinker ...
Shree Cement wins coal mine auction
India’s Shree Cement Ltd has been named as the highest bidder for the Datima Coal Mine Block, located in Surajpur Tehsil, Surguja District, Chattisgarh. The block was auction...
Magali Anderson joins Anglo American Plc
Global mining company, Anglo American, has announced that Magali Anderson will join its Board as a non-executive director and a member of its Board Sustainability Committee, wi...
Dangote Group posts 17% revenue rise in FY22
Dangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent ...
Adbri reports 8% rise in revenue in 2022
Adbri has reported an 8.4 per cent YoY increase in revenue in 2022 to AUD1.7bn (US$1142m), driven by price increases and volume growth across most product lines. Statutory ne...
SBTi validates Heidelberg Materials' 2030 CO2 reduction targets
The Science Based Targets initiative (SBTi) has validated Heidelberg Materials’ 2030 carbon reduction targets under its new 1.5°C framework. Heidelberg Materials commit...
Cementos Molins posts revenues of EUR1268m in 2022
Cementos Molins closed 2022 with revenues amounting to EUR1268m, up 31 per cent compared to previous year, driven by sales increase across all businesses and the significant ...
VDZ study researches future cement and concrete resources in 2050
The new VDZ study "Resources of the future for cement and concrete – Potential and action strategies" describes a possible 2050 scenario aimed at further reducing primary raw...
IFC invests EUR242m in Sococim Industries
The International Finance Corporation (IFC), the investment arm of the World Bank, has confirmed that it is investing EUR242m in Senegal-based cement producer, Sococim Industr...
BUA Cement sees 12% increase in net profit in 2022
Nigeria-based BUA Cement reported a 40.3 per cent increase in revenues to NGN360,989m (US$7783.4m) in 2022 when compared with a revenue of NGN257,327m in 2021. Profit befor...
Arabian Cement posts 12% rise in profits in 2022
Saudi-Arabia-based Arabian Cement has reported net profits after zakat and tax of SAR181m (US$48.3m) in 2022, representing a YoY increase of 12.1 per cent from SAR161.5m. T...
Oil in narrow range while coal continues lower – petcoke pressured lower as discounts fall sharply
By Frank O. Brannvoll, Brannvoll ApS, Denmark The markets are still dominated by hawkish statements from central banks due to the stubbornly high inflation both in the USA a...
Pakistan manufacturers post strong 1HFY22-23 financial results
According to the Pakistan Stock exchange (PSX), Pioneer Cement Ltd (PIOC) earned a profit of PKR1.76bn (US$6.81m) in 1HFY22-23 compared to PKR1.14bn made in the previous year...
CEMEX España enters CCU agreement with ETFuels
CEMEX España has signed an agreement with the green fuel producer ETFuels to transform CO 2 from the CEMEX cement plant in Alicante , Spain, into green fuels. Under the agr...
Corporacion Moctezuma 2022 net profit slips 3%
Corporación Moctezuma posted a 14.5 per cent YoY growth in revenues to MXN4368.7m (US$237.3m) in the fourth quarter of 2022. The company reported EBITDA of MXN1677.8m in the 4...
FLSmidth report 3% EBITA margin growth for cement in 2022
FLSmidth announced a positive 3.3 per cent EBITA margin improvement for its cement division in 2022, compared to -0.3 per cent in 2021. Cement EBITA amounted to DKK204m (US...
USG freight rates sharply down due to lack of cargoes
By Brannvoll ApS, Denmark The USG Supramax freight market was in free-fall throughout January amid a severe lack of new cargo offers for spot delivery dates. Despite the gra...
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