Morocco’s cement market slips 16% in July
Cement sales in Morocco declined 16.3 per cent YoY to 898,429t in July 2021 from 1,073,680t in July 2020, according to the Ministry of Housing and Urbanisation, which cites da...
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Anjani Portland Cement sees 51% revenue increase
India’s Anjani Portland Cement has seen its revenue surge 50.5 per cent YoY to INR1.22bn (US$16.48m) in the quarter ending 30 June 2021, compared with INR813.7m in the same per...
Chia Hsin Cement records 11% rise in revenue
Taiwan’s Chia Hsin Cement has posted a 10.7 per cent increase in revenue to TWD550.39m (US$19.76m) in the second quarter of the year, compared to TWD496.99m in the 2Q20. Howe...
Norm is awarded API certification
Norm has become the first cement producer in Azerbaijan to receive American Petroleum Institute (API) certification and has now launched its oil-well cement production. Norm...
Sharp coal rally drives petcoke higher to widen discounts – new demand fears and OPEC+ agreement sent oil falling
By Brannvoll Aps, Denmark The euro is seen in the US$1.17-1.20 range with the US infrastructure package expected to support the dollar in the short-term. As forecast, infl...
Top two Indonesian cement producers evolve growth strategies
This week, CemNet featured a plethora of half-yearly financial reports from leading cement producers, including Semen Indonesia Group (SIG). SIG operates in a domestic market w...
Qassim Cement announces 10,000tpd new line
Qassim Cement Co has announced a new 10,000tpd production line at its plant in Buraydah, Saudi Arabia, that will replace some of the current production lines. The project...
ACC sets out 2030 sustainability targets
ACC has become the first company in the Indian construction sector to sign the “Business Ambition for 1.5°C” commitment with 2030 intermediate targets approved by the Science B...
Climbing regional cement shipments for Argos in the 1H21
Argos announced its 1H21 results this week with regional cement shipments climbing in the USA and in the Caribbean and Latin America. In the USA cement volumes saw a soli...
Loma Negra records 47% advance in net revenue
Argentina's Loma Negra has reported a 46.6 per cent YoY increase in net revenue to ARS14.269bn (US$147m) in the quarter ending 30 June 2021, mostly driven by its cement segment...
India Cements reports 35% increase in revenue
India Cements has seen its standalone profit more than double to INR374m (US$5.034m) in the first quarter of FY21-22. Revenue from operations also advanced 35.1 per cent YoY to...
Argos opts for Klaveness Digital's CargoValue shipping platform
Argos has signed on with Klaveness Digital to roll out shipping and logistics platform 'CargoValue' throughout the supply chain. Following a successful pilot project during the...
Arabian Cement Co sees net loss widen in 1H21
Egypt’s Arabian Cement Co has seen its consolidated net loss after tax widen to EGP23.28m (US$1.48m) in the first half of 2021, compared to EGP5.63m in the year-ago period. S...
Argos records 1H21 cement shipments of 8.6Mt
Argos recorded cement shipments of 8.6Mt in the 1H21, an increase of 26.9 per cent compared to the 1H20. The advance was supported by the performance of the group in the USA, t...
FLSmidth reports 2Q21 strong order intake and improved profitability
FLSmidth’s order intake in the 2Q21 increased 42 per cent compared to the 2Q20 and by 38 per cent to DKK4615m (US$97m) YoY. Cement service order intake reached DKK875 in the 2...
Holcim takes drone work to new heights at Siggenthal
Holcim Switzerland's Siggenthal cement plant is being used as a pilot site for Holcim Group's global “Plants of Tomorrow” initiative. As part of the programme, the plant is te...
Czech Republic sees domestic sales up 4% in 2020
The Czech Republic’s cement output declined 1.2 per cent YoY to 4.51Mt in 2020, which was still the second-highest level since 2008, according to preliminary data. Overall dome...
Votorantim Cimentos sees regional sales pick-up in 2Q21
Votorantim Cimentos recorded strong sales in all operating regions in the 2Q21. Price rises and reduced restrictions from the pandemic aided beter results than in the same per...
Shree Cement appoints new chief sustainability officer
India’s Shree Cement has appointed Shrinath Savoor as its new chief sustainability officer (CSO), with effect from 9 August 2021. The new CSO will steer the company efforts ...
Brazil's cement market expansion decelerates in July
Cement sales in Brazil remained almost level in July 2021 at 5.9Mt, representing a 0.1 per cent YoY increase from 5.897Mt in July 2020, according to SNIC, the industry’s profes...
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