Dangote Cement records 34% rise in group revenue
Nigeria’s Dangote Cement has announced a 34.2 per cent YoY increase in group revenue to NGN1022bn (US$2.49bn) for the first nine months of the year, compared with NGN761.4bn in...
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Holcim sets 2050 entire value chain net-zero targets
Holcim has set industry-first 2050 net-zero targets, validated by the Science Based Targets initiative (SBTi), building on its 2030 commitments approved in September 2020. Set...
BUA Cement records 23% increase in profit
Nigeria’s BUA Cement has reported a 23.2 per cent increase in profit after tax to NGN65.91bn (US$160.54m) in the first nine months of the year, compared with NGN53.5bn seen in ...
Cementos Pacasmayo sees 25% increase in 3Q revenues
Peru-based Cementos Pacasmayo has reported a 24.5 per cent YoY increase in revenues to PEN507.2m (US$127m) in the 3Q21, on the back of higher sales volumes of cement, concrete ...
Trinidad Cement posts 3% decline in revenue
Trinidad Cement Ltd (TCL) has recorded a three per cent YoY decline in revenue to TTD467m (US$68.93m) during the third quarter of 2021. "Revenue for the quarter was mainly im...
Finnsement CEO adds CRH US Building Products position to duties
Finnsement CEO, Miikka Riionheimo, is set to take up a new position within the CRH Group's Building Products organisation. His position in Atlanta, USA, is senior vice preside...
Petcoke market stable, but coal to see return to normality?
Following on from ICR’s most recent energy report , the coal rally was at an all-time high but is now experiencing a sharp retracement down due to demand destruction and forec...
Soaring freight rates prompt cement sector reaction
This week, we are taking a look at the rising costs of dry bulk freight and the resulting impact on the cement industry. Earlier this month, the Baltic Dry Index, a global i...
Holcim sees another quarter of record profitable growth
Holcim has recorded net sales of CHF7.29bn (US$7.99bn) for the third quarter of 2021, up five per cent on a like-for-like basis compared to CHF6.46bn in the year-ago period. A ...
Cemex reports net sales of US$3.8bn in 3Q21
Cemex reports consolidated net sales of US$3.8bn in the 3Q21, a rise of eight per cent versus the 3Q20. EBITDA fell by one per cent to US$740m, due mainly to supply chain disru...
Bangladesh's cement industry export revenue dips in 03MF22
Bangladesh's cement industry has earned export revenue of US$1.59m in the first quarter of FY22 (July – Sept ), compared to US$1.81m in the year-ago period, a fall of 12.2 per...
Fives Pillard wins east European order
Fives Pillard is installing a raw material-drying hot gas generator for a cement plant in eastern Europe. The 75MW hot gas generator will operate with air at 250°C. ...
Vietnamese exports slip to 5.2Mt in September
Cement and clinker exports from Vietnam decreased 1.6 per cent to 5,232,812t in September 2021 from 5,320,173t in September 2020. Clinker exports were down 11 per cent to 3,838...
Extractive Sector Species Protection Code is launched
A new ‘Extractive Sector Species Protection Code of Conduct’ has been launched by a collaboration between teh European Commission, HeidelbergCement, CEMBUREAU, BirdLife Interna...
Cementarnica Usje posts 8% revenue increase
North Macedonia’s Cementarnica Usje has announced a seven per cent YoY fall in net profit to MKD1.1bn (US$20.7m) in the first nine months of 2021. Operating revenue advanced...
Votorantim faces civil action from Federal Prosecutors’ Office
Votorantim Cimentos SA, has stated that it became aware, through the media, of a public civil action filed by the Federal Prosecutors’ Office of São Paulo (MPF-SP) related to ...
Vietnamese cement market contracts 25% YoY in September
Cement sales in Vietnam fell by a quarter YoY but edged up by five per cent to 3,684,047t in September 2021, according to data published by the Vietnam National Cement Associat...
Siam Cement's revenue surges 31% YoY
Thailand’s Siam Cement PCL has seen its net profit decline 30 per cent YoY in the third quarter of 2021, falling to THB6.82bn (US$205m), as it recorded lower demand and an asse...
Norcem to invest in alternative fuel technology to lower CO2 emissions
Norcem is investing NOK80m (US$9.53m) at its Kjøpsvik cement plant to help reduce CO 2 emissions. Norcem's owners announce that the funds will be invested in the factory by 2...
Dalmia Bharat sees 11% climb in revenue
India’s Dalmia Bharat has reported a 10 per cent decline in net profit to INR2.09bn (US$27.93m) during the September quarter of FY21-22, compared with INR2.32bn in the year-ago...
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