IFC loan proposed for new Al Douh Cement production line
IFC is proposing a corporate loan of up to US$65m to Al Douh Cement Co , one of the leading producers of cement in Iraq, to finance the company’s planned expansion of its prod...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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CARBIOW biofuel project gets underway
Work has officially begun on the Carbon Negative Biofuels from Organic Waste (CARBIOW) project, which aims to promote the conversion of organic waste to biofuels. The 42-month ...
CEMEX UK supports Capital Hydrogen
CEMEX UK has pledged its support of Capital Hydrogen, a partnership between Cadent, SGN and National Grid Gas Transmission, which plans to deliver a transition to low carbon ...
Sephaku Holdings posts net profit after tax of ZAR26.7m
Sephaku Holdings (Dangote Group) has posted net profit after tax of ZAR26.7m (US$1.54m) for the six months ended 30 September, building on the net profit after tax of ZAR17.8...
Chile’s cement demand falls 13% in September
Cement consumption in Chile declined by 12.5 per cent YoY to 292,714t in September 2022 from 334,603t in the year-ago period, according to the CChC, the Chilean construction ch...
Bangladesh earns cement revenue of US$2.77m in 4MFY23
During the first four months (July and October) of FY22-23 (July-June), Bangladesh exported cement worth US$2.77m compared to US$2.44m in the same four months last year. This t...
Iran’s cement demand stable in October
The Iranian cement market expanded 0.3 per cent to 5.22Mt in October 2022 from 5.05Mt in October 2021, according to the Iranian cement association. Domestic cement production...
Kuwait Portland Cement 3Q profit stable
Kuwait Portland Cement posted a 3Q total operating revenue of KWD32.7m (US$106.2m) in 3Q22, up from KWD27.6m in the equivalent period of 2021. The company’s net profit attrib...
Universal Cement sees 3Q profits surge
Taiwan-based Universal Cement Corp reported a 22.7 per cent YoY increase in revenue to TWD1783.1m (US$57.6m) in the third quarter of 2022 from TWD1453.2m in the same period a...
Asia Cement to start CCUS in 2025 with TCRK technology
TCRK, a fast-growing IP-led CO2 capture and usage business, is collaborating with Asia Cement to bring TCRK’s carbon capture technology to a major South Korean cement plant, ...
Demand for mineral products falls for second quarter in a row, says MPA
Demand for aggregates, asphalt and ready-mixed concrete has declined for the second quarter in a row in the 3Q22, according to the UK-based Mineral Products Association (MPA)....
JK Cement records net profit of INR1248m
JK Cement has reported that its standalone net profit declined by 26.1 per cent to INR1248m (US$15.5m) in the 2QFY22-23. This is against INR1688m in the year-ago period, the ...
Taiheiyo Cement posts 11% rise in sales
Japan’s Taiheiyo Cement Corp has posted consolidated net sales of JPY375,982m (US$2697m) in the six months ended 30 September 2022, marking a 10.6 per cent advance YoY. Op...
Burnpur Cement reports further losses
India-based Burnpur Cement Ltd has reported total revenue of INR330.3m (US$4.09m) in the quarter ended 30 September 2022. This compares to INR312.9m in the previous quarter and...
Holcim Philippines posts loss as expenses rise
Holcim Philippines has reported a 6.93 per cent increase in total revenue to PHP6.94bn (US$121.17m) in the third quarter of 2022, up from PHP6.49bn in the same period a year ...
Deccan Cements sees profits fall 72%
Deccan Cements Ltd has seen its total revenue decline from INR1927.3m (US$23.8m) in the quarter ended 30 September 2021 to INR1822m in the same period this year. Over the sam...
VICAT battles energy costs with higher cement prices
This week VICAT released its 9M22 results that saw the cement producer's consolidated sales reach EUR2697m, a YoY rise of 15.7 per cent compared to 9M21. Against a backdrop of...
Votorantim Cimentos achieves consolidated net revenue of BRL7.6bn in 3Q22
Votorantim Cimentos ended the 3Q22 with consolidated net revenue of BRL7.6bn (US$1.25bn), an increase of 19 per cent compared to the same period last year. Consolidated adju...
CEMEX validates its new 2030 decarbonisation goals
CEMEX has validated its 2030 decarbonisation goals through the Science Based Targets initiative (SBTi) for alignment under their new 1.5ºC scenario, the most ambitious pathwa...
Mangalam Cement sees power and fuel costs jump 144% YoY
Mangalam Cement Ltd , part of the BK Birla Group , has posted total revenue of INR4083m (US$50.54m) in the quarter ended 30 September 2022. This compares to INR5181m in the p...
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