KHD secures first Pyrorotor® contract in Turkey
After demonstrating continuous success over the last few years, predominantly in the Asia-Pacific region, KHD has now received its first Pyrorotor ® order in Turkey. A modula...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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ASEC wins two-year operation and maintenance contract with BMIC
Arab Swiss Engineering Co (ASEC) has won a two-year contract for the operation and maintenance of Building Material Industries Co ’s Assuit cement plant , Egypt. This follows...
Votorantim Cimentos records strong performances in Brazil and North America in 2Q22
Votorantim Cimentos’ regional results in the 2Q22 recorded strong revenues despite inflationary pressures. The domestic market of Brazil and operations in Europe, Asia and A...
Loma Negra posts 8% increase in 2Q revenues
Argentina-based Loma Negra , part of InterCement do Brasil SA , reported an eight per cent YoY increase in net sales revenues to ARS25,268m in the second quarter of 2022. The...
Grasim Industries sees 41% YoY rise in revenue in 1QFY23
Grasim Industries has reported a 41 per cent YoY increase in consolidated revenue in the 1QFY23. The three-month period saw revenue of INR280,420m (US$3518m), compared to INR19...
Asia Cement reports TWD4458m net profit in 2Q22
Taiwan’s Asia Cement Corp posted revenues of TWD24,488m (US$816.3m) in the second quarter of 2022, up 9.2 per cent when compared with the 2Q21. Pretax profit came in at TWD...
India Cements doubles 1Q net profit
India Cements Ltd (ICL) reported that net profit for the 1QFY2023 more than doubled to INR760m (US$9.54m) over the year-earlier period. Revenue from operations rose by 41 ...
Ghori Cement completes phase 2 of modernisation
Ghori Cement in Afghanistan has increased production with the start of Phase 2 of its modernisation programme, raising cement output from 350tpd to 520tpd, according to local...
Padeswood Cement shortlisted for BEIS Phase 2
Hanson's Padeswood cement works ( HeidelbergCement ) in Wales, UK, has been shortlisted for funding as part of the Department for Business, Energy and Industrial Strategy’s (...
Margins squeezed for Indian cement producers
India remains one the fastest-growing economies at 7.4 per cent GDP growth in 2022, according to the IMF. Cement demand has also risen and is forecast to rise by 7-8 per cent ...
Votorantim Cimentos earns revenue of BRL6.7bn in 2Q22
Votorantim Cimentos ended the 2Q22 with consolidated net revenue of BRL6.7bn (US$1.3m), an increase of 15 per cent compared to the same period last year. This result...
Holcim Philippines sees net profit slump in 1H22
Holcim Philippines Inc has reported revenue of PHP12.2bn (US$219.2m) in the first half of 2022, down from PHP13.7bn in the same period a year earlier. EBITDA has declined fro...
Fujairah Cement sees narrowing 2Q loss
UAE-based Fujairah Cement Industries Co reported a loss of -AED14.2m (US$3.86m) in the second quarter of 2022, an improved result when compared with a loss of -AED21.1m in th...
Sumitomo Osaka Cement reports JPY1bn loss
Japan-based Sumitomo Osaka Cement Co Ltd reported a 1QFY22-23 revenue of JPY45.5bn (US$337.4m), up from JPY43.78bn in the 1QFY21-22. The company posted an operating loss of ...
Bangladesh expects a 15% growth in cement exports in FY22-23
Bangladesh has set an export target for the cement industry at US$11m during the 12 months of the ongoing financial year, ending 31 June 2023, compared to US$9.57m earned in FY...
Keerthi Industries reports revenue fall
India-based Keerthi Industries Ltd, formerly Suvarna Cements Ltd, has reported unaudited revenue of INR571.67m (US$7.2m) in the quarter ended 30 June 2022, compared to INR714.1...
KHD signs package of contracts with UltraTech Cement
Humboldt Wedag India Private Ltd, a subsidiary of KHD Humboldt Wedag International AG, has signed a package of contracts with UltraTech Cement Ltd. According to Dow Jones Ne...
FLSmidth to complete ThyssenKrupp Mining acquisition in August
FLSmidth has announced that all conditions and requirements for the acquisition of thyssenkrupp’s Mining business (TK Mining) have been met. In accordance with the sale and pu...
Argos generates revenue of COP2.9trn in 2Q22
Argos, ( Grupo Argos ) recorded revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environ...
Tokyo Cement Co (Lanka) sees 76% increase in 2Q revenues
Tokyo Cement (Co) Lanka plc posted a 76 per cent YoY increase in revenues to LKR11,442m (US$31.8m) in the three months ended 30 June 2022 (2QFY22-23). In the equivalent quart...
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