Ramco Cements commissions new 2.25Mta plant
India’s The Ramco Cements Ltd has commissioned its fifth integrated cement plant at Kolumigundla, Kurnool District, Andhra Pradesh. The INR30,000m (US$366m) works has a clink...
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Sharp falls testing support - increased auctions combine with an exodus of speculators
By Frank O. Brannvoll, Brannvoll ApS, Denmark After reaching a new all-time high of EUR99.40 just below the magic EUR100, the carbon market has lost 33 per cent, falling to...
Steppe Cement sees 65% surge in 1H post-tax consolidated profit
Steppe Cement has announced a consolidated profit after tax of US$10.2m for the six months ended 30 June 2022, up 65 per cent YoY. The Kazakstan cement producer’s gross mar...
Cement demand getting back on track, says India Cements
Despite the ongoing ressures from rising fuel, power and logistics costs, growing construction activity is expected to put cement demand in India back on track, according to Mr...
Cemex to develop lightweight concrete for windfarm platforms
CEMEX has announced that it is part of a consortium that has received a grant from the European Commission to build a full-scale prototype of a floating offshore windmill wit...
Russian cement producers ask for import duties
The strengthening of the ruble has made imports of cement from Iran, Kazakhstan and Belarus more profitable, according to Esmerk Russian News. As a result, total imports of ...
Adani Group announces US$100bn investment plan
The Adani Group plans to invest US$100bn over the next decade, according to its owner Gautam Adani. The group’s most recent investment was its US$6.5bn acquisition of Ambuja...
Saint-Gobain acquires GCP Applied Technologies
Saint-Gobain has acquired all of the outstanding shares of GCP Applied Technologies for US$32/share, in cash, in a transaction valued at approximately US$2.3bn. GCP will delist...
Oil falling below US$90, coal and gas surge to new highs – petcoke may resume upward curve, but still buyers’ market
By Frank O. Brannvoll, Brannvoll ApS, Denmark The perfect storm has hit European energy end users, as EU sanctions against Russian energy exports are now backfiring in terms...
PT Semen Indonesia reports 2% drop in 1H revenues
PT Semen Indonesia saw a 2.1 per cent slip in total revenues to IDR15.876trn in the 1H22 when compared with the year-ago period. The company attributed the decrease mainly to...
Norway's EA approves full-scale CCUS plant at Brevik
Norwegian environmental agency, Miljødirektoratet, has approved Norcem ’s plan for a full-scale CO 2 capture plant at the company’s Brevik plant. The environment agency has...
Ciments de Bizerte reports TND12m loss in 1H22
Tunisia-based Ciments de Bizerte posted a loss of TND11.9m (US$3.6m) in the first half of 2022 when compared with a profit of TND1.3m in the 1H21. The company’s operating res...
Holcim supports waste recycling in Philippines
Holcim Philippines Inc and its waste management unit, Geocycle, pledged to support the municipalities of Binangonan, Cainta and Taytay in Rizal in managing their waste sustai...
Tajikistan leading cement importer in Uzbekistan
The State Committee of Uzbekistan on Statistics said the country receives the largest part of its cement imports from Tajikistan, which exported in the 8M22 approximately 625,0...
Cement deliveries in USA and Puerto Rico remain stable in July
Portland and blended cement shipments in the USA and Puerto Rico remained stable at 9.6Mt in July 2022 when compared with July 2021, according to the US Geological Survey (USGS...
LafargeHolcim Morocco reports 27% drop in 1H net income
LafargeHolcim Maroc posted a 27 per cent YoY drop in net income to MAD759m (US$69.5m) at the end of June 2022. Consolidated turnover stood at MAD4004m, level with the year-...
Semen Indonesia integrates Semen Baturaja
PT Semen Indonesia Tbk (SMGR) announced it will acquire 7.49bn shares, or a 75.51 per cent stake, of PT Semen Baturaja Tbk (SMBR). As a result, Semen Indonesia will become ...
Sagar Cements' Bayyavaram plant scoops energy awards
Sagar Cements ’ Bayyavaram grinding plant has been recognised as an Excellent Energy Efficient Unit by the Confederation of Indian Industry at this year’s Energy Management ...
Pakistan cement demand expected to rise in floods aftermath
Sindh Chief Minister Murad Ali Shah has stated that the provincial government would start building homes and other civil infrastructures for flood victims as soon the water has...
USG Supramax/Ultramax prices see significant drop
By Brannvoll ApS, Denmark It has been a month of negative corrections in the USG Supramax/Ultramax segment amid a growing tonnage list, as well as an absence of fresh cargo ...
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