UltraTech Cement expected to report 29% fall in profit
UltraTech Cement is expected to report a 29 per cent YoY drop in net profit to INR12,140m (US$151.9m) for the three months ended 30 June 2022, compared to INR17,000m in the s...
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Ragland Cement plant inaugurates new 1.65Mta line
National Cement Co 's Ragland cement plant, in Alabama, USA, has completed a two-year, US$300m project to install a new production line with alternative fuels. The key...
CEMEX gives Solid Cement expansion project update
CEMEX Philippines is building a US$356m new integrated cement line in its Solid Cement plant in Antipolo City, Rizal, Philippines, to raise the plant’s annual capacity by ...
Petcoke discounts higher as coal rises on EU sanctions and petcoke falls as demand-supply eases
By Frank O. Brannvoll, Brannvoll ApS, Denmark Energy markets are kept between higher prices due to supply distress, including strikes in refineries for higher wages and the...
TCC introduces World's first UHPC cabinet energy storage system
Taiwan Cement Corp (TCC) joined 7-11 to unveil its 10,000th store in Asia and introduced the “New Energy Convenience Store”. TCC combines the company’s strength in green ene...
Limak Cement Group has carbon footprint report independently verified
Limak Cement Group ’s Anka plant broke new ground in the Turkish cement industry and became the first cement factory with a verified carbon footprint report. The ceme...
Secil launches Concrete Verdi Zero
Secil has launched Concrete Verdi Zero, the first concrete with zero CO₂ emissions in Portugal, an innovative and sustainable product that meets the objectives of achieving ...
Lafarge Exshaw plant receives carbon capture funding
Lafarge Canada ’s Exshaw Cement plant is one of 11 recipients to receive funding from Emissions Reduction Alberta’s (ERA) CAD40m (US$31m) investment to kickstart CAD$20bn i...
Carbon price in range with new changes to EU-ETS and increased coal demand supporting prices
By Frank O. Brannvoll, Brannvoll ApS, Denmark Carbon prices remained as expected inside the uptrend channel of EUR82-95 with high daily volatility. Russian cuts in natural g...
GCCA and FICEM accelerate Latin American progress towards net zero
The Global Cement and Concrete Association (GCCA) and, regional affiliate, FICEM have co-hosted an event on 'Latin American cement and concrete industry – Towards Net Zero' in ...
Grasim Industries to set up building materials e-commerce platform
Grasim Industries, the flagship company of the Aditya Birla Group , is investing INR20,000m (US$250m) in a B2B e-commerce platform for building materials. The platform will p...
USG Supramax/Ultramax spot market remains under pressure
By Maria Vasyutenko, associate of Brannvoll ApS The USG Supramax/Ultramax spot freight market remained under pressure throughout July due to build-up of early tonnage, combi...
Ambuja Cement reports 18% revenue growth
Ambuja Cement has reported revenue of INR39.58bn (US$495.2m) in the April-June 2022 quarter, compared to INR33.42bn in the same quarter a year earlier. EBITDA over the same per...
FY22 ends with mixed export dispatches from Pakistan
The Federal Bureau of Statistics (FBS) of Pakistan has released cement export data for July 2021-June 2022. Both value and quantity of exports plummeted during this period whe...
HeidelbergCement India sees revenue increase
HeidelbergCement India has posted revenue of INR6001.5m (US$75.1m) in the quarter ended 30 June 2022, compared to INR5664.5m in the same quarter a year earlier. Profit over t...
Carbon Clean awards contract to KBR for Rüdersdorf Carbon capture project
Carbon Clean has awarded a Front End Engineering Design (FEED) contract to global engineering experts, KBR, for a groundbreaking carbon capture project at CEMEX ’s Rüdersdorf...
Ramco Cements reports rise in revenue in 2021-22
The Ramco Cements Ltd has reported revenue of INR60.1bn (US$752.3m) in the FY21-22, compared to INR53.03bn in FY20-21. Net profit over the same period has advanced from INR7....
Iranian cement market remains stable
Cement demand in Iran reached 5.8Mt in June 2022, edging up slightly when compared with 5.78Mt of cement sold in June 2021. Iranian cement plants produced 6.6Mt of clinker an...
Vietnamese market sees 4% contraction in June
Domestic cement dispatches in Vietnam slipped one per cent MoM and four per cent YoY to 5.590Mt in June 2022, according to the Vietnam National Cement Association (VNCA). Of th...
Holcim secures EU investment in CCUS projects
Holcim has secured investment from the European Union Innovation Fund in its carbon capture, utlisation and storage (CCUS) projects in Germany and Poland. The funding will supp...
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