Sika requests "fast track" remedy from CMA
Sika AG and MBCC Group have asked the UK’s Competition & Markets Authority (CMA) to consider a “fast-track” remedy to address concerns that their merger could harm the construc...
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GCC market to expand at a CAGR of 6% in 2022-32
The Gulf Corporation Council (GCC) cement market is predicted to grow at a CAGR of six per cent between 2022 and 2032, according to a report by Future Market Insights. Demand f...
Obajana to reopen, Kogi State Government to court
An agreement has been reached between Kogi State Government and Dangote Group to reopen the Obajana cement plant in Nigeria. Minister of Police Affairs, Mohammed Dingyadi...
Coal and gas lower, while petcoke continues upwards, driven by demand from India and China
By Frank O. Brannvoll, Brannvoll ApS, Denmark The same geopolitical factors as last month are dominating the energy markets. The persistently-high inflation is driving th...
Stronger freight prices seen as demand growing in grain season
The USG Supramax/Ultramax market is in a positive mode. Excessive tonnage supply was absorbed fast as demand was gradually appearing, particularly on fronthaul routes. Chartere...
GCCA and ACI join forces to promote concrete sustainability
The Global Cement and Concrete Association (GCCA) and the American Concrete Institute (ACI) have signed an International Partnership Agreement (IPA) to develop and disseminate ...
Fauji Cement revenue up 27% YoY
Pakistan-based Fauji Cement Co Ltd (FCCL) has posted consolidated revenue of PKR14,700m (US$66.7m) in the quarter ended 30 September 2022. This compares to PKR11,577m in the ...
Ghana cement prices rise again
Cement prices is Ghana have risen to over GHC80(US$5.91)/50kg bag of cement on the back of rapid depreciation of the cedi against the dollar. The depreciation has triggered mas...
Asian Paints enters JV for new white cement plant
Asian Paints is joining forces with Riddhi Siddhi Crusher & Land Transport, based in Fujairah, and Associated Soap Stone Distributing Co Pvt Ltd (ASSD) to set up a white cement...
High cost impacts Pakistan cement export in 3MFY22
According to Intermarket Securities Ltd, in 1QFY22-23 (July-September 2022) overall cement industry utilisation stood at 56 per cent, compared to 72 per cent in the same period...
Usje posts 41% net profit drop in 9M22
Cementarnica Usje , the North Macedonian subsidiary of Titan, reported a drop in net profit by 41 per cent to MKD621.2m (US$9.9m) in the first nine months of 2022 when compare...
SDCC profit hampered by fuel costs in 2QFY22-23
India-based Shree Digvijay Cement Co Ltd (SDCC) has reported revenue from operations of INR1620.1m (US$19.6m) in the quarter ended 30 September 2022 (2QFY23), compared to INR...
Ambuja Cements posts 68% decline in profit in 3QFY23
Ambuja Cements has posted a 68 per cent fall in standalone net profit in the 3QFY23 ended 30 September 2022. According to Mint, net profit for the three-month period came in ...
Continental Cement produces lowest carbon PLC to date
Continental Cement Company LLC , a subsidiary of Summit Materials , has produced a 20 per cent Portland limestone cement (PLC), the lowest carbon PLC to date, as part of a re...
Thomas Gruppe acquires Opterra Zement GmbH and Opterra Beton GmbH
Thomas Gruppe has confirmed the acquisition of Opterra Zement GmbH and Opterra Beton GmbH (east Germany), which have been owned by CRH Plc since 2015 as part of the pre-mer...
Vietnamese cement producers come under pressure
Vietnam's cement sector has come under pressure from falling consumption, particularly in its key export markets. Exports of clinker and cement amounted to 24.7Mt in the first ...
Cement sector fuels Indian M&A record
Adani Group ’s acquisition of Ambuja Cements and ACC has contributed to a new record in merger and acquisition (M&A) activity in India. According to data by Refinitiv, the...
Bestway Cement fires new kiln line at Mianwali plant
Company Secretary of Bestway Cement Ltd , Hassan Niazi, has informed Pakistan Stock Exchange (PSX) that the company has achieved the major milestone of lighting up the kiln a...
LafargeHolcim Bangladesh reports 9% sales growth in 9M22
LafargeHolcim Bangladesh (LHBL), a joint venture between Holcim Group and Cementos Molins, has reported positive trends in net profit, net sales, operating profit and earning...
Continental Cement achieves a 20% lower carbon Portland cement
Continental Cement Company LLC ( Summit Materials Inc ) produced a 20 per cent Portland limestone cement (PLC), the lowest-carbon Portland limestone cement to date as part...
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