Norcem opens Verdal terminal
Norcem ( HeidelbergCement Group ) has opened its new cement terminal in Verdal, Norway. The terminal has been under construction for several years and will take over th...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Burundi to allow cement imports
The Burundi government has announced plans to allow the import of cement in a bid to get prices under control. A shortage of cement in the country due to a lack of production c...
Lucky Cement wins environmental award
Lucky Cement Ltd has won the Environment Excellence Award at the 19th Annual Environment Excellence Awards 2022, organised by The National Forum of Environment and Health (N...
UltraTech Cement announces fresh capex plans
UltraTech Cement 's chairman, Kumar Mangalam Birla, addressed shareholders at the company's 22 nd Annual General Meeting (AGM) stating that the company’s Board of Directors a...
Vietnamese cement consumption falls 27% in July
Cement consumption in Vietnam came in at 5.95Mt in July 2022, down 27 per cent compared to July 2021, according to data from the Department of Building Materials under the Mini...
Lafarge Emirates Cement uses first-of-its-kind finance facility to install WHR system
Standard Chartered, a UK-based banking and financial services company, has closed a ‘transition trade’ facility with Lafarge Emirates Cement to enable the cement producer to ...
Attock Cement makes loss after super tax
Attock Cement Pakistan Ltd (ACPL) has announced its financial result for 4QFY21-22 (April-June 2022), posting a loss after tax of PKR59m (US$274,781) compared to a profit aft...
Misr Qena Cement Co records 24% profit rise in 1H22
The consolidated financial statements of Misr Qena Cement Co revealed an increase in the company's profits by 24 per cent during the first half of this year. The company a...
Al Jouf Cement appoints new CEO
Saudi Arabia-based Al Jouf Cement has appointed Abdul Karim Al-Nuhair as CEO, effective from 21 August 2022. Mr Al-Nahair replaces Jamal bin Salem Al-Amer who resigned as ...
Energy markets react to higher interest rates – coal demand surges to all-time high, petcoke now buyers’ market
By Frank O. Brannvoll, Brannvoll ApS, Denmark Inflation keeps rising and while central banks have started aggressive interest rate hikes to curb it, these may be too late. ...
Qassim Cement Co sees 73% fall in profits in 1H22
Qassim Cement Co posted a 73 per cent drop in profit during the 1H22, hit by lower cement demand. The Saudi cement producer’s profit fell to SAR54m (US$14m), compared to SAR2...
Summit Materials Inc records revenue of US$631.9m in 1H22
Summit Materials Inc reported net revenue of US$631.9m in the 1H22, a rise of 2.2 per cent from US$618.5m in the 1H21. This advance is due to increases in average sales price...
Nepali cement producers raise prices
Nepali cement manufacturers have increased the price of their products by NPR50/bag (US$0.39/bag), due to soaring raw materials prices. Cement manufacturers said demand at p...
Steep fall in Pakistan cement exports in July 2022
Pakistan began the new fiscal (July 2022) by registering lower cement and clinker exports in value and volume terms, with declines seen on both a MoM and YoY basis. Experts att...
Indian producers turn to Venezuela for petcoke supplies
The surge in global coal prices has prompted Indian cement producers to turn to petcoke instead with the country importing significant volumes from Venezuela for the first time...
Fuel and power costs soar in Nigeria
Dangote Cement and BUA Cement spent a combined NGN173.54bn (US$413.8m) on fuel and power in the first half of 2022, up 38.3 per cent on the same period a year earlier. Fuel...
CCI approves Adani acquisition of Ambuja and ACC stakes
The Competition Commission of India (CCI) has approved the acquisition of Holcim ’s stake in Ambuja Cements Ltd and its subsidiary ACC Ltd by the Adani Group. The deal, w...
Arabian Cement sees revenue and profit surge in 1H22
Arabian Cement has reported revenue of EGP2.129bn (US$111.2m) in the first half of 2022, significantly up from the EGP964.9m seen in the same period a year earlier. Consolid...
West China Cement issues profit warning
West China Cement has issued a profit warning for the six months ended 30 June 2022. According to the company, net profit attributable to shareholders is expected to fall by ...
Lafarge Canada opens first EV charging station
Lafarge Canada (Holcim group) has announced the opening of the company’s first four electric vehicle charging stations in Canada at its Kent Ave ready-mixed concrete plant in...
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