INSEE Cement Sri Lanka signs environmental MoUs
INSEE Cement Sri Lanka, has signed two memoranda of understanding (MoUs) with the Ministry of Environment and the Central Environmental Authority of Sri Lanka to support t...
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ICSID rules in Egyptian states favour in Spanish cement case
After seven years of arbitration proceedings, the International Center for Settlement of Investment Disputes (ICSID) has turned down a lawsuit filed by Spanish companies Cem...
HeidelbergCement announces a 8% fall in revenues for 9M20
HeidelbergCement announced its January-September 2020 revenue decreased by 7.9 per cent to EUR13,140m in comparison with the previous year's EUR14,273m. Excluding consolidat...
Colombian cement consumption up 5% in September
Cement dispatches in Colombia increased to 1.131Mt in September 2020, up 4.9 per cent from 1.078Mt in September 2019, according to DANE, the national statistics office. Outpu...
JK Lakshmi Cement sees 87% rise in net profit
India’s JK Lakshmi Cement has seen an 86.9 per cent YoY rise in consolidated net profit to INR929.3m (US$12.5m) for the quarter ending 30 September 2020, compared with INR497.2...
Chilean market contraction slows in 3Q
Chilean cement dispatches fell 13 per cent to 868,487t in July-September 2020 from 998,291t in the 3Q19, according to the country’s chamber of construction, CChC. The latest da...
Gulf Cement Co sees net loss widen in the 9M20
UAE-based Gulf Cement Co has recorded a net loss of AED268.13m (US$73.01m) for the first nine months of 2020, widening from an AED3.86m loss in the year-ago period. The company...
Cem'In'EU speaks out on Carbon Border Adjustment Mechanism
Cem'In'EU, a French industrial start-up committed to produce a low-carbon cement, calls upon the European Commission to design a well-fitted Carbon Border Adjustment Mechanism ...
APCMA posts highest monthly dispatches in October 2020
All Pakistan Cement Manufacturers Association (APCMA) has released overseas and domestic dispatches data of 5.735Mt for October 2020, which is in line with the statement by Lu...
Vicat reports sales of EUR2.07bn
Vicat Group’s consolidated sales reached EUR2.066bn in the first nine months of 2020, stable on a reported basis and up 2.1 per cent YoY at constant scope and exchange rates. E...
Tokyo Cement (Lanka) Plc increases profits by 163% in FY2Q21
Tokyo Cement (Lanka) Plc reported earnings of LKR2.12bn (US$11.49m) for the FY2Q21 on revenues of LKR11.4bn. Profits and revenues were up 163 per cent and 13 per cent, respect...
COVID-19 closes WACEM's Tabligbo plant
The West African Cement plant (WACEM) has shut down its grinding plant in Togo for two weeks. The 1.8Mta Tabligbo plant has closed to halt the spread of COVID-19. The Min...
Ramco Cements posts 40% increase in net profit
India’s Ramco Cements has reported a 40 per cent YoY increase in net profit to INR2.36bn (US$31.69m) for the second quarter of the FY20-21. However, revenue was down 4.6 per ce...
Cemex and Carbon Upcycling to increase industrial waste use
Cemex SAB de CV has signed an agreement with Carbon Upcycling Technologies to improve processing of residue or byproducts from industrial processes and to capture CO 2 to p...
FLSmidth reports 33% decline in 3Q cement revenues
In the 3Q20 FLSmidth’s revenue amounted to DKK3834m (US$4181m) compared to DKK4736m in the 3Q19, down 19 per cent. Organic revenue decreased by 12 per cent, comprising a one p...
Cementos Pacasmayo sees EBITDA rise 8% in 3Q
Peru's Cementos Pacasmayo saw its sales volume of cement, concrete and precast rise 14.2 per cent YoY to 819,700t in the third quarter of 2020, reaching historical record level...
Pakistan records 33% growth in October cement dispatches
Pakistan's domestic and overseas cement dispatches figures for October 2020 are officially yet to be released by the All Pakistan Cement Manufacturer Association (APCMA), but ...
Power Cement sees net sales surge 459%
Pakistan’s Power Cement saw its net sales surge 458.9 per cent YoY in the quarter ending 30 September 2020, rising to PKR3.26bn (US$20.36m) from PKR583m. However, the company...
US claims 18% of Turkey's cement exports in the 9M20
The USA represented an 18 per cent share of Turkish cement exports during the first nine months of the year, the largest share amongst the export destinations, according to the...
Lafarge Africa sees revenue increase 10%
Lafarge Africa has reported a 10.3 per cent YoY increase in revenue to NGN179.88bn (US$464.57m) for the 9M20, against NGN163.1m in the year-ago period. Its profit after tax fro...
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