Moroccan cement demand expands 33% in June
Cement consumption in Morocco increased 33 per cent YoY to 1,129,708t in June 2020 when compared with June 2019, when demand stood at 849,524t, according to data by the country...
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Titan Global Finance Plc makes EUR250m notes offering
Titan Global Finance Plc, subsidiary of Titan Cement International SA, has made a EUR250m notes offering that will mature in 2027, with a 2.75 per cent coupon per annum. The o...
Argos makes top 5 in FTSE4Good World Index for corporate governance in construction sector
Argos has been chosen as one of the top five companies in the world in the construction materials sector with the best corporate governance, environmental and social management...
Colombian cement demand declines 33% in May
Domestic dispatches of grey cement in Colombia fell by 33.1 per cent to 705,900t in May 2020 when compared with May 2019, when they stood at 1.055Mt, according to the country’s...
Najran Cement Co fully repays loan for WHR project
Najran Cement Co has fully repaid the remaining amount of a SAR45m (US$12m) existing loan, which was used to finance the company's waste heat recovery project. The credit fa...
Malaysia’s CMS sees 64% drop in net profit
Malaysia-based Cahya Mata Sarawak Bhd (CMS) reported a 32.5 per cent drop in revenue to MRY282.5m (US$65.9m) in the first quarter of 2020. Its cement segment saw revenues fall ...
Egyptian cement exports decline by 32% Jan-May 2020
Egyptian cement exports declined by roughly 32 per cent during the first five months of 2020 to US$47m, compared to US$68m during the same period in 2019. Egypt exported ceme...
JSW Group reportedly set to reduce imports from China
Parth Jindal, managing director of JSW Cement, has announced on social media that JSW Group plans to reduce its net imports from China. "The JSW Group have a net import of US$...
Andhra Cement January-March net sales down 85% YoY
India-based Andhra Cement has reported standalone net sales of INR109.5m (US$1.44m) in January-March 2020, down 85.4 per cent when compared with INR749.4m in January-March 2019...
Raysut Cement targets east African expansion
Oman's Raysut Cement plans a five-fold increase in its cement production capacity, says Joey Ghose, Raysut Cement's CEO. The expansion would see Raysut Cement increase producti...
Power Cement begins commercial operations at 7700tpd plant
Pakistan’s Power Cement Ltd has announced that its 7700tpd clinker production plant has reached its rated capacity and will therefore begin commercial production from 1 July 20...
BCIC and EDII to build cement plant in Bangladesh
Bangladesh Chemical Industries Corp and Saudi-based Engineering Dimension International Investment have agreed to build a cement plant under the name of Saudi Bangla Integrated...
Cemex Ventures to recycle plastic to produce concrete and aggregates via Arqlite
Cemex Ventures is investing in US-based Arqlite SPC, a start-up that produces light recycled aggregates from plastic waste. The product benefits from a low CO 2 footprint and ...
Anjani Portland Cement reports net profit rise in FY19-20
India’s Anjani Portland Cement has reported a 14.7 per cent decline in total income to INR1.03bn (US$13.63m) for the final quarter of FY19-20, compared to INR1.21bn in the year...
Work on Potosí to resume
Construction work on the new state-owned Potosí cement works in Bolivia will resume in July, according to House of Representatives member Gonzalo Barrientos. "In July, the wo...
Cement production falls 29% in Fiji
In the Reserve Bank of Fiji’s economic review for June 2020, it has found domestic cement production to have fallen 28.7 per cent YoY in the 5M20. The results have been largely...
University of Seville and FLACEMA sign power cost research collaboration
The University of Seville and the Andalusian Labour Foundation for Cement and Environment (FLACEMA), Spain, have signed a scientific collaboration agreement to launch an indust...
Cemex cancels El Musel project due to COVID-19
Cemex is cancelling its terminal project that would see the company import 150,000tpa of cement via the Ingeniero Olano dock in El Musel, Gijón, Spain. In February 2019 Cemex ...
Innovandi launches online workshops
The Global Cement and Concrete Association’s research network, Innovandi has launched a week of online workshops to take place from 29 June to 03 July. The event is expected...
Bashundhara Industrial Complex secures land for bagging factory
Bangladesh’s Bashundhara Industrial Complex has signed an agreement for 16 acres of land, located 1km away from Mongla port and another 20km away from the site of a proposed ai...
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