Bolivian cement market contracts 13% in February
Bolivia’s cement consumption slipped 13.3 per cent from 262,895t in February 2020 to 228,018t in February 2021, according to the country’s statistics office, INE. Output from...
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Gebr Pfeiffer wins Burkina Faso mill order
Gebr Pfeiffer is again delivering an MVR vertical mill to Burkina Faso. The vertical mill type MVR 6000 C-6 with an installed gear power of 6800kW will be used in the seco...
Cementarnica Usje reports 5% rise in profit
North Macedonia's Cementarnica Usje (Titan group) has reported a 5.1 per cent YoY decline in net profit to MKD182.1m (US$3.6m) in the first quarter of 2021. However, operating ...
UltraTech Cement has CO2 reduction targets validated
The Science-Based Targets initiative (SBTi) has validated UltraTech’s carbon dioxide (CO 2 ) emissions reduction targets. In July 2020 the company had committed to set ‘science...
Buzzi Unicem reports consolidated net sales of EUR3.22bn for FY21
Buzzi Unicem’s financial statements for the year ended 31 December 2020 reported consolidated net sales came in at EUR3222.4m, virtually unchanged compared to EUR3221.4m in 201...
Colombian cement consumption advances 61% in March
Cement sales in Colombia increased 60.7 per cent to 1.189Mt in March 2021 from 0.74Mt in March 2020, according to DANE, the country’s statistics office. Sales in the retail sec...
Arabian Cement sees 49% surge in profit
Saudi Arabia’s Arabian Cement Co has seen a 48.5 per cent YoY surge in net profit to SAR67m (US$17.87m) in the first quarter of 2021, up from SAR45.1m in the 1Q20. Sales incr...
ADOCEM reports 30% increase in 1Q sales
Portland cement production in the Dominican Republic increased 23.8 per cent YoY to 1,247,386t in the first quarter of 2021, according to the Asociación Dominicana de Productor...
Lucky Cement posts 15% fall in revenue
Taiwan’s Lucky Cement has posted a 14.5 per cent YoY decline in April revenue to TWD345.56m (US$12.44m) from TWD404.2m in the year-ago period. In the first four months of 202...
UltraTech Cement reports consolidated net sales of INR142.3bn in 1Q21
UltraTech Cement Ltd saw consolidated net sales of INR142,320m (US$1.94bn) in the 1Q21 vis-à-vis INR106,890m over the corresponding period of the previous year. Profit before i...
Moroccan cement market expands 112% in April
Moroccan cement sales in April saw a 111.6 per cent YoY rise to 1.169Mt when compared with a low base of 0.552Mt in April 2020, according to the country’s cement producers’ ass...
Nigeria's cement price problem
This week we take a look at the price of Nigerian cement, which has soared in recent weeks, and possible solutions on the horizon. Retail cement prices in the country reporte...
Argentina's cement market shows 135% YoY growth
Cement demand in Argentina surged 134.6 per cent YoY to 956,373t in April 2021, according to the country’s cement association, AFCP. However, this does compare to the low base ...
UK hit by cement shortages
UK contractors and domestic retail buyers are both facing steep prices rises and supply shortages for cement amidst a booming recovery in construction activity. UK distributor...
Saudi Arabian producers report 15% decline in net profit
Saudi Arabian producers listed in the main market saw an estimated 15 per cent decline in total net profits to SAR892.5m (US$237.9m) in the first quarter of 2021, compared to a...
Nuvoco Vistas set to file papers for INR50bn IPO
India’s Nuvoco Vistas Corp is shortly expected to file preliminary papers with the Securities and Exchange Board of India to raise INR50bn (US$679.35m) through an initial publi...
Ecocem Materials announces EUR22.5m equity investment
Ireland’s Ecocem Materials has announced an EUR22.5m equity investment by Breakthrough Energy Ventures (BEV) and Breakthrough Energy Ventures Europe. BEV will also nominate a d...
BUA Cement announces plans for bond sale
Nigeria’s BUA Cement has announced plans to sell a second tranche of bonds under its NGN200bn (US$525.6m) programme to finance its expansion plans, following the release of the...
Zuari Cement cleared to resume operations
After being issued with a closure order by the Pollution Control Board last month, India’s Zuari Cement has filed a challenge to the Andhra Pradesh High Court. After hearing ...
HeidelbergCement sees revenue up 1% in 1Q21
HeidelbergCement has seen its revenue increase 0.7 per cent YoY to EUR3958m for the first quarter of 2021, or up four per cent on a like-for-like basis. The result from current...
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