Southeast Cement Co reports 5% rise in October revenue
Taiwan’s Southeast Cement Co has seen a 5.4 per cent YoY improvement in October revenue to TWD151.36m (US$5.46m), compared to TWD143.59m in the year-ago period. In the Januar...
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Earlier cement industry news and analysis from International Cement Review's global newsroom.
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WCA CEO will call for government action to cut CO2 emissions at COP26
Urgent action in three key areas could save around 900Mta of CO 2 annually by 2030, says Ian Riley, World Cement Association CEO. Ian Riley will speak at the Sustainable In...
Cemex closes US$3.5bn credit agreement
Cemex has closed a new US$3.25bn syndicated credit agreement, with it being the first debt issued under its sustainability-linked financing framework. The proceeds have been us...
HeidelbergCement sets 2030 CCUS targets
Dr Dominik von Achten, chairman of the Managing Board of HeidelbergCement, has set out HeidelbergCement’s 2030 targets for carbon capture and storage utilisation (CCUS) during...
APCMA reports declining local and export dispatches
All Pakistan Cement Manufacturers Association (APCMA) reports that cement dispatches declined by 9.1 per cent to 5.214Mt in October 2021 against 5.735Mt in the year-ago period...
Qassim Cement sees sales down 27% YoY
Saudi Arabia’s Qassim Cement has reported a net profit of SAR60.4m (US$16.11m) in the third quarter of 2021, down 49.7 per cent YoY from SAR110.1m. Sales also decreased 26.5 ...
Semapa reports 68% climb in profit
Portugal’s Semapa has recorded a net profit of EUR122.2m (US$141.17m) in the first nine months of 2021, up 68 per cent on EUR72.8m in the 9M20. The group’s consolidated turno...
Prince of Wales visits Renfrew CCUS project
The Prince of Wales visited the world’s smallest industrial carbon capture technology, pioneered by Carbon Clean, at a site visit in Renfrew, Glasgow, during COP26. The Prin...
Fecto Cement appoints chairman and chief executive
Pakistan’s Fecto Cement has appointed Aamir Ghani and Mohammed Yasin Fecto as chairman and chief executive, respectively, with effect from 1 November 2021. The appointment has...
Martin Marietta thrives going west
This week, Martin Marietta, USA, released its third-quarter 2021 results with its Building Material business segment achieving a record US$1.39bn of revenues for the period. IC...
Holcim and Cemex among founding members of First Movers Coalition
Holcim and Cemex are among the companies that have joined the First Movers Coalition (FMC) as founding members at COP26 to drive green demand and carbon technologies to advance...
GCCA looks to Roadmap implementation at COP26
At the COP26 meeting yesterday, the Global Cement and Concrete Association (GCCA) held a webinar session entitled ‘From Global Commitment to Local Action – Implementing the Cem...
Ukraine sees production rise 15% YoY in 9M21
Cement production in Ukraine increased 15.2 per cent YoY in the first nine months of 2021, according to Ukrcement. The association also expects the country to consume more than...
Tokyo Cement Co (Lanka) sees revenue up 4%
Tokyo Cement Co (Lanka) has reported a four per cent YoY increase in revenue to LKR11.88bn (US$58.96m) in the third quarter of 2021. However, net profit fell 94 per cent to LKR...
INSEE Cement adds import vessels to address cement scarcity in Sri Lanka
INSEE Cement has added two more import vessels to its operations in order to increase cement supply across Sri Lanka, according to the Daily Mirror. "INSEE Cement continues ...
Udaipur Cement receives CRISIL AA/Stable/A1+ rating
Udaipur Cement Works Ltd (UCWL), a subsidiary of JK Lakshmi Cement, has been independently assigned AA/Stable/A1+ ratings to its bank facilities by CRISIL. AA Rating fo...
HeidelbergCement sees 7% rise in revenue for 9M21
HeidelbergCement has posted a seven per cent YoY increase in revenue to EUR13.996bn (US$16.17bn) for the first nine months of the year, against EUR13.14bn in the year-ago perio...
Vicat posts 9M21 consolidated sales up 4% YoY
Vicat reported consolidated sales in the third quarter of 2021 of EUR794m, up 4.2 per cent YoY on a reported basis and up 19.7 percent at constant scope and exchange rates when...
Summit Materials posts 3% improvement in revenue
US-based Summit Materials has announced its third quarter results for 2021, recording an 18.2 per cent YoY decrease in net income to US$74.2m from US$90.7m in the year-ago peri...
Cementos Molins completes Calucem acquisition
Cementos Molins has successfully closed the acquisition of Calucem, announced in early August, following all regulatory approvals, according to the company. Julio Rodríguez, ...
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