Vortex Asia-Pacific reopens Shanghai office
As COVID-19 restrictions ease, solids and bulk handling components company Vortex Asia-Pacific is pleased to announce it has reopened a physical office in Shanghai, China. ...
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Holcim Brazil asset sale expected
LafargeHolcim (Holcim group) is understood to be considering the sale of its assets in Brazil and CSN Cimentos, Cimentos Mizu and Cement Apodi (Titan Cement joint venture) are ...
Ambuja Cements plans 1.5Mta Ropar expansion
India’s Ambuja Cements has announced plans to expand capacity at its Ropar plant in Punjab over the next two years, representing an investment of INR3.1bn (US$41.68m). The 1.5M...
Holcim Philippines reports successful 1H21
Holcim Philippines posted net sales of PHP13.661m in the first half of 2021, up 19.6 per cent when compared with PHP11.419m in the 1H20. Operating EBITDA increased to 3.151m ...
Swedish cement shortage could impact climate transition
Malin Löfsjögård, CEO of Swedish trade association Svensk Betong, says that the potential cement shortage starting in autumn 2021 could be detrimental to the planned climate tr...
Caribbean Cement triples 1H profit
Caribbean Cement’s profit for the first half of 2021 has tripled to JMD3bn (US$19.3m) from JMD1bn in the 1H20, on the back of stronger domestic demand. The company’s revenues...
Cemex set to reach its 2021 EBITDA guidance of US$3.1bn
After Cemex reported strong 2Q21 results and reiterating US$3.1bn EBITDA guidance for 2021, market analysts UBS state that it has confidence that the company will reach its 202...
Cementos Argos achieves ‘outstanding’ FTSE4Good recognition
Argos, (Grupo Argos) is the only Colombian company on the FTSE4Good Sustainability Index to achieve an outstanding listing in its category for its environmental, social, govern...
New entrants to help meet Nigeria's increasing cement demand
This week Nigeria has caught attention with announcements of new cement capacity. Not only has Dangote Cement cut the tape on its US$1bn cement plant near Okpella in Edo State,...
Cementir sees 1H net profit rise of 140%
Cementir reported a 16.5 per cent rise in revenues for the first half of 2021 to EUR664.5m from EUR570.4m in the 1H20. The increase reflects an 18.7 per cent rise in the sales ...
Titan Cement’s reports strong US and Greek revenues in the 1H21
Titan Cement reported that in the USA the positive momentum in US fundamentals continued in the first half of the year. Revenue in the USA recorded a 10.2 per cent increase in ...
Eagle Materials reports cement revenues up 3% in 1QFY22
Eagle Materials Inc's financial results for the first quarter of FY22, ended 30 June 2021 saw revenue in the Heavy Materials sector, which includes cement, concrete and aggrega...
FLSmidth to acquire thyssenkrupp Industrial Solutions mining business
FLSmidth and thyssenkrupp Industrial Solutions have reached an agreement that FLSmidth will acquire thyssenkrupp’s mining business (TK Mining) for an enterprise value of EUR325...
Titan Cement International SA announces in consolidated revenues of EUR821.1m in 1H21
Titan Group announced consolidated revenue amounted to EUR821.1m in the 1H21, up 4.4 per cent versus the 1H20, reflecting growing demand in most markets and a supportive pricin...
Puerto Rico sees first fall in sales since April 2020
In June 2021, 1.3m bags, or 55,429t of cement were sold in Puerto Rico, according to the Banco de Desarrollo Económico. This represents a YoY decline of 18.8 per cent from 68,...
Holcim records net sales of CHF12,566m in 1H21
Holcim announced 1H21 net sales of CHF12,566m (US$13,640m) compared to CHF10,693m in the 1H20, a rise of 16.6 per cent LfL. Operating profit (EBIT) reached CHF1794 up from CHF1...
HeidelbergCement enjoys improved 1H results
HeidelbergCement’s positive sales development in the first quarter of 2021 continued in the second quarter, leading to a 9.7 per cent YoY increase in cement and clinker sales v...
US Portland and blended cement market expands 6% in May
Total shipments of Portland and blended cement in the USA and Puerto Rico advanced 5.6 per cent to 9.2Mt in May 2021 when compared with May 2020, according to the US Geological...
JSW Cement partners with new investors to accelerate growth
India-based JSW Cement has entered into definitive agreements to raise up to INR15.000bn (US$201.2m) from two global private equity investors, Apollo Global Management Inc (th...
Yamama Cement achieved a net profit of SAR132.6m in 1H21
Saudi Arabia-based Yamama Cement recorded a net profit after zakat and tax of SAR132.6m (US$35.3m) in the 1H21, a 24 per cent fall from SAR174.8m in the same period a year ago...
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