Riyadh Cement reports drop in 1H profit
Saudi Arabian cement producer Riyadh Cement Co posted a 28.8 per cent decline in 1H22 sales to SAR285.6m (US$76.2m) from SAR401.4m in the 1H21. The company’s net profit aft...
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Bangladesh sees imports of raw materials rise
The import of raw materials used in cement production has increased in recent months despite raw material prices increasing. In the July-August 2022 period a total of 5.12Mt of...
RAK White Cement board approves delisting from Boursa Kuwait
The board of Ras Al Khaimah Co for White Cement and Construction Materials has approved the delisting of the UAE company’s shares from Boursa Kuwait. The company retains its ...
Larestan plant switches to gas
To reduce the burning of mazut, an eco-unfriendly fuel, at the Larestan Cement Plant in Fars Province, Iran, the works has now been connected to the national gas grid. A 35km...
CRH welcomes John Lydon as director of group development
CRH has appointed John Lydon as its new director of group development. Mr Lydon joins the building materials group from stockbroking firm Davy where he was head of capital ma...
Colombia’s cement consumption slips in July
Cement demand in Colombia slipped by 0.6 per cent YoY in July 2022 to 1.125Mt from 1.132Mt in July 2021, reports the country’s statistics office, DANE. When compared with 2019 ...
Cembureau warns of EU plant closures
In light of rising energy prices across Europe, CEMBUREAU has issued advice for its members to help support energy-intensive industries and households alike. According to CEMBU...
Cement capacity outpaces production in Pakistan
Pakistan's cement industry saw a fall of 3.6 per cent to 48.011Mt in cement production between July 2021 to June 2022 from 49.79 Mt produced in the year-ago period, says data r...
Sweden receives EU funding to tackle climate neutrality
Under the European Commission’s Just Transition Fund (JTF) Programme, Sweden is to receive EUR155.7m in EU grants to support its journey to climate neutrality by 2045. The JTF ...
Australia's BGC Group pulls out of sale
Australia’s BGC Group has pulled out of plans to sell the business, marking the second time in the past five years the group has attempted to sell the company with no luck. A...
Riyadh Cement reports 47% profit fall in 1H22
Saudi-based Riyadh Cement has reported a 47 per cent YoY decline in profit to SAR85m (US$22.67m) in the opening six months of 2022. Over the same period, the company saw i...
Dzata Cement calls for raw material VAT waiver
Ghana-based Dzata Cement has urged the government to grant waivers on VAT charged on cement raw materials. According to the Managing Director of Dzata Cement, Nana Phillip ...
Denmark installs cement-free pipes
Danish utility company, Aarhus Vand A/S, has become the first customer to install IBF’s Geoprime ® , cement-free pipes. IBF, Denmark’s leading concrete manufacturer, has re...
SIG sees revenue fall 2% in 1H22
In the first half of 2022, Semen Indonesia Group (SIG) has reported revenue of IDR15,876bn (US$1064m), down 2.1 per cent on the same period last year. The decline was mainly ...
Pakistan cement market continues contraction in August
Pakistan Cement Manufacturers Association (APCMA) estimated a decline in Pakistan cement dispatches in August and July-August 2022 (2MFY21-22) as the country experiences econom...
Cement and concrete industry accelerates decarbonisation in Africa
The Global Cement and Concrete Association (GCCA) and the United Cities and Local Government of Africa (UCLG Africa) have signed a Memorandum of Understanding (MoU) at Africa C...
Ghana raises cement prices
Cement prices in Ghana have risen to GHS73/50kg bag (US$7.30/50kg bag) as producers are forced to hike up prices due to the depreciation of the cedi. The resulting increase ...
Morgan Stanley invests in ACC
Morgan Stanley has bought a stake in Indian cement producer ACC Ltd. According to Mint, Morgan Stanley Asia (Singapore) has purchased 941,557 ACC shares at INR2290 each, mark...
Cameroon government lowers price of cement
The government of Cameroon has announced a decrease in the price of bagged cement. The drop comes in view of the country’s increasing cement production capacity, according to t...
Cruz Azul will see power supply restored
Cruz Azul and Mexico’s Federal Electricity Commission have reached an agreement and the state power supplier must reconnect power to the cement plant in Tula, Hidalgo state, by...
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