Pioneer Cement’s profits shrink by 47% in FY21-22
Pioneer Cement Ltd earned a net profit after tax of PKR1.05bn (US$4.83m) in FY21-22 (July 2021-June 2022) compared to PKR1.97bn in the same period the previous year. This tr...
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CGF and Barclays to fund CCUS start-up company MOF Technologies
Clean Growth Fund and Barclays, via their Sustainable Impact Capital programme, have invested in MOF Technologies (MOF Tech) as part of their Series A funding round. An existi...
Imerys extends capacity in India
France-based Imerys, a world leader in mineral-based specialties, is planning to extend its capacity to meet rising demand from India’s cement and steel sectors. According to ...
Dangote responds to plant ownership claims
Dangote Industries Ltd (DIL), the parent organisation of Dangote Cement Plc (DCP), has issued a statement reiterating that it acquired the Obajana cement plant in Kogi Stat...
LafargeHolcim Côte d’Ivoire launch Bélier Blanc
The General Management of LafargeHolcim Côte d'Ivoire proceeded on 6 October 2022 to an official launch ceremony of its latest product ‘Bélier Blanc’, the first white cement...
JSW Cement announces 5Mta of new capacity
Just hours after acquiring a 100 per cent stake in Springway Mining from India Cements , JSW Cement has announced plans to invest over INR32,000m (US$388.8m) in an integrate...
Power Cement Ltd posts US$2.03m loss in FY22
Power Cement Ltd has reported a loss after taxation of PKR443m (US$2.03m) in its 2022 financial year, compared to a profit of PKR358m in the corresponding period last year, ...
UltraTech Cement receives EPD certificates for four products
UltraTech Cement has been granted Environmental Product Declaration (EPD) certificates for four of its cement products – ordinary Portland cement (OPC), Portland pozzolana C...
Dangote in crisis talks over violence at Obajana plant
Aliko Dangote, president of the Dangote Group , has met with state governors to try and resolve the crisis at the cement producer’s Obajana plant. In attendance at the meeti...
Claudius Peters Projects GmbH wins Aalborg Portland order
Claudius Peters Projects GmbH has won the contract to supply the basic and detail engineering, mechanical equipment, erection and supervision, as well as the commissioning for...
Petcoke stops fall
By Frank O. Brannvoll, Brannvoll ApS, Denmark Since ICR’s most recent energy report, the energy markets are fearing an upcoming recession due to higher rates to curb inflati...
WCA annual conference prompts MENA region to decarbonise
The fifth World Cement Association (WCA) annual conference took place between the 25-28 September in Dubai, UAE, allowing industry leaders and stakeholders to have an open dis...
Local Pakistan and export dispatches fall during September
Pakistan's cement industry has recorded a YoY fall of 6.83 per cent in dispatches during September 2022, with total cement dispatches (local and exports) shrinking to 4.276Mt ...
Indian cement sector profitability to reach new highs in FY25
India's cement sector profitability (EBITDA/t) may bottom out by the 2QFY23 before reaching new highs by FY25, according to Antique Research (AR). The Indian stockbroking c...
Bharathi Cement launches new terminal and new product
Bharathi Cement , part of Vicat , has inaugurated its new 0.75Mta bulk cement terminal in Coimbatore, in the South Indian state of Tamil Nadu. The new terminal in a fully aut...
Indian cement prices on the up
September 2022 saw the all-India average cement price go up by INR6/50kg bag (US$0.07), or 1.7 per cent, compared to the previous month. The highest price increase was seen in ...
Giant Cement plans Savannah Terminal with Georgia Kaolin Terminals, Inc
Giant Cement Company has signed an agreement with Georgia Kaolin Terminals, Inc, in Savannah, GA, USA, to build a 60,000t cement import terminal on the Savannah River for the...
Seratech's decarbonisation technology wins OBEL Award
UK-based Seratech Ltd has won the 2022 OBEL Award for its technology for the decarbonisation of cement and concrete. The award, a new international prize for architectural achi...
Adani in talks to acquire Jaiprakash cement unit
Adani Group is in advanced talks to acquire the cement unit of Jaiprakash Power Ventures Ltd, part of Jaiprakash Associates Ltd, according to Mint. The group is expected t...
Adani Group to invest US$848m in Rajasthan cement
India’s Adani Group has revealed plans to spend INR70bn (US$848m) doubling the group’s cement production capacity in the northern state of Rajasthan. This follows an announce...
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