HeidelbergCement's announces dividend and new appointments at AGM
HeidelbergCement held its 133rd Annual General Meeting on Thursday 12 May 2022 in virtual form announcing that f or the 2021 financial year, the shareholders will receive ...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Votorantim Cimentos' see net revenue regional rises in Brazil and North America
In Brazil Votorantim Cimentos ’ net revenue in the 1Q22 was BRL2.7bn (US$525.6m), a 21 per cent increase compared to 1Q21. Despite the instability of the local market, macroec...
Eastern Province Cement sees 52% drop in 1Q profits
Saudi Arabian cement producer Eastern Province Cement Co reported a net profit after zakat and tax of SAR29m (US$7.7m) in the 1Q22, down 51.7 per cent YoY. Revenues decline...
Asia Cement reports 21% decline in 1Q net profit
Taiwan-based Asia Cement Corp posted a revenue of TWD19.681bn (US$659.1m) in 1Q22, up 10.1 per cent from TWD17.877bn in the 1Q21. However, pretax profit declined 27.6 per c...
Cheetah Cement ordered closure
Namibia’s labour ministry has ordered Chinese-owned Cheetah Cement plant at Otjiwarongo to stop production due to health concerns. The ministry says a team of occupational ...
Robust demand and pricing support 23% revenue advance for Titan in 1Q22
Titan Cement International SA has announced a 22.6 per cent YoY increase in revenue to EUR454.6m in the opening quarter of 2022. This has been attributed to strong pricing ac...
HeidelbergCement reports on a difficult 1Q22
HeidelbergCement recorded sales volumes in most business lines around the same level of the previous year in the 1Q22. At 28.4Mt (previous year: 28.4Mt), group-wide cement an...
Votorantim Cimentos earns revenues of BRL4.9bn in the 1Q22
Votorantim Cimentos ended the 1Q22 with consolidated net revenue of BRL4.9bn (US$953.1m), an increase of 22 per cent compared to the same period last year. This was primarily...
Carbon Clean raises US$150m in latest round of funding
Carbon Clean has closed the largest-ever equity funding round for a point source carbon capture company with US$150m raised from existing investor Chevron. Chevron led the roun...
Dalmia Cement (Bharat) Ltd will expand Belagavi cement plant
Dalmia Cement (Bharat) Ltd is expanding its existing manufacturing plant at Belagavi in north Karnataka by investing INR3000m (US$38.3m). The company expects the investment...
Ethiopia prohibits cement plants employing agents to sell cement
The Ministry of Industry in Ethiopia has directed cement factories to exclude agents from the market network ,and sell the product directly, according to Addis Standard. ...
Minister thanks by Spanish industry for energy auction agreement
Teresa Ribera, Spain’s third vice president and minister for the ecological transition and the demographic challenge, has been personally thanked for her efforts and commitment...
Brazilian cement sales down 3% in April
Cement sales in Brazil slipped 2.8 per cent in April 2022 to 5.138Mt from 5.288Mt in April 2021, according to the national cement association, SNIC. The association attribute...
JSW Group to submit bid for Holcim India
JSW Group has revealed plans to submit a US$7bn bid for a controlling stake in Holcim’s India assets. Holcim currently holds a 63.1 per cent share in Ambuja Cements and a...
Dalmia Bharat Ltd records rising sales volumes of 22.2Mt in FY22
Dalmia Bharat Ltd reported its FY22, for the period ending 31 March 2022, with sales volumes reaching 22.2Mt compared to 20.7Mt in FY21. The company’s EBITDA totalled INR112,...
Cemex extends Executive Variable Compensation programme
Cemex has announced that it is expanding its Executive Variable Compensation programme, further reinforcing its commitment to carbon neutrality. The Executive Variable Compen...
Inflationary pressures impact Argos results in the 1Q22
Argos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainl...
Morocco’s market contracts 23% in April
Moroccan cement deliveries by Asment Temara ( Votorantim Cimentos ), Ciments de l'Atlas ( Addoha Group ), Ciments du Maroc ( HeidelbergCement Group ) and LafargeHolcim M...
HeidelbergCement parters Giatec Scientific with a minority investment
HeidelbergCement continues to advance its digital transformation by acquiring a strategic minority stake in Canada-based technology company Giatec Scientific through a low si...
Colombian cement market expands 6% in March
Grey cement dispatches in Colombia increased 5.7 per cent to 1.257Mt in March 2022 from 1.189Mt in March 2021, according to the country’s statistics office, DANE. When compared...
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