What to make of Holcim's Indian exit?
Holcim Group agreed to sell its Indian cement businesses this week for US$10.5bn in cash to the Adani Group. ICR reports on the deal and what this means for the Indian cement s...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Eagle Materials reports 15% increase in revenue
Eagle Materials has reported record revenue of US$1.9bn in the FY22, up 15 per cent YoY. Net earnings advanced by 10 per cent to US$374.2m over the same period, while adjusted ...
HeidelbergCement buys 50% share in CBI
HeidelbergCement has signed an agreement to acquire 50 per cent of shares of and invest into Continental Blue Investment SA (CBI) who controls the Ghanaian cement producer...
Southern Province revenue down 25% in 1Q22
Saudi Arabia-based Southern Province Cement Co has posted a revenue of SAR330m (US$88m) for the first three months of 2022. This represents a 25 per cent drop when compared w...
Cement giants in the running for Sika admixture business
Holcim and HeidelbergCement are reportedly among the companies competing for Sika AG’s US admixtures business, which is believed to be valued at US$800m-1bn. Sika is selling of...
Lafarge to face charges for paying Islamic state in Syria
A French appeals court has confirmed that the cement giant Lafarge must face charges of complicity in crimes against humanity over alleged payoffs to Islamic State group and ot...
Puerto Rican market contracts 5% in April
In April 2022 cement sales in Puerto Rico reached 1.3m bags of 42.6kg (94lb), or 55,250t, representing a five per cent drop when compared with April 2021, according to the coun...
Tabuk Cement sees 1Q losses
Saudi cement producer Tabuk Cement Co reported revenues of SAR62.18m (US$16.58m), down 19.2 per cent YoY, in the January-March 2022 period, according to the company Net loss...
CEMBUREAU supports REpower EU plan
C EMBUREAU , the association of the European cement industry, fully supports the objectives of the REPower EU plan issued by the European Commission. The European ceme...
Peru sees 10% hike in consumption in April
Cement dispatches in Peru increased 10 per cent YoY to 1.086Mt in April 2022 from 0.984Mt in the equivalent period of 2021, according to cement association, Asocem. Domestic ...
Titan Group invests US$37m in Norfolk import terminal
Titan Group is expanding its effective capacity in the USA with a new US$37m investment in its Norfolk import terminal in Virginia. The investment will upgrade Titan’s import...
Chile’s cement market contracts 5% in March
Chilean cement consumption decreased five per cent to 365,826t in March 2022 when compared with March 2021 when market volume reached 385,276t, according to the country’s const...
Pakistan's government to conduct cement industry report
Pakistan’s government plans to conduct research reports on the cement, automobile and fertiliser sectors in Pakistan. The feasibility report will be conducted by Pakistan Indus...
HeidelbergCement joins First Movers Coalition
HeidelbergCement has joined the First Movers Coalition (FMC), a public-private partnership between the US State Department, the World Economic Forum and forward-thinking comp...
Hail Cement posts 1Q22 sales losses of SAR6.9m
Saudi Arabia's Hail Cement Co has reported losses of SAR6.9m (US$1.8m) in the 1Q22 after it witnessed a drop in sales. The cement producer had made profits of SAR25.9m in the...
Cemex and Coolbrook to work on electric cement kiln
Cemex announced that it expects to work with Coolbrook to test their patented technology that uses electricity in place of fossil fuels in the heating process of cement produ...
UltraTech Cement opens second clinker line at Hirmi
UltraTech Cement , the country’s largest cement producer, has added 2.7Mta of capacity by commissioning a second clinker line at Hirmi Cement plant in Chhattisgarh. The comp...
Dominican Rep cement market expands 3% in 1Q22
In the first quarter of 2022, cement demand in the Dominican Republic grew by 2.9 per cent YoY, according to Adocem, the country’s cement association. However, costs of most ...
Star Cement posts net profit rise
Star Cement Ltd saw a 24.2 per cent advance in revenues to INR7.49bn (US$96.6m) in the January-March 2022 quarter from INR6.03bn in the corresponding period of the previous y...
HeidelbergCement’s ReConcrete-360˚ wins award
HeidelbergCement’s ReConcrete-360˚ concept has scooped the German Innovation Award for Climate and Environment (IKU) in the category ‘Process Innovations for Climate Protection...
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