Who will pay the price of industry decarbonisation?
This week, equity research house Redburn released a report assessing the cost of decarbonisation in the cement industry. It concluded that the full cost of decarbonisation woul...
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
Earlier news
Newest first
US Portland and blended cement shipments edge up in 11M19
Portland and blended cement Total shipments of Portland and blended cement, including imports, in the USA and Puerto Rico increased 3.2 per cent YoY to 10.1Mt in October 2019...
Vietnam to add 7.1Mta of cement capacity in 2020
Two new cement plants in Vietnam will go into operation this year, according to Nguyen Quang Cung, president of the Vietnam Cement Association. The first is in Tan Thang commun...
Tokyo Cement Co (Lanka) Ltd sees revenues fall in 4Q19
Tokyo Cement Co (Lanka) Ltd earned profits of LKR257m (US$1.42m) in the December quarter. Revenues fell 13 per cent to LKR8.2bn in the quarter, but cost of sales fell at a fast...
Revati Cement plans 3Mta unit in Madhya Pradesh
India’s Revati Cement has announced plans to set up a greenfield integrated cement plant in Satna, Madhya Pradesh. The project is expected to have a cement and clinker capac...
Wonder Cement launches new grinding unit
India’s Wonder Cement has launched operations at its new 2Mta grinding unit in Bhadnawar, Madhya Pradesh. This plant will be followed by the commissioning of another grinding u...
Birla Corp sees 200% rise in net profit
India’s Birla Corp has announced a 200 per cent YoY increase in its net profit to INR810m (US$11.32m) for the 3QFY19-20, while revenue advanced 10.7 per cent to INR17.35bn. EBI...
Cemex Holdings Philippines raises PHP12.7bn from SRO
Cemex Holdings Philippines completed a stock rights offering last week, raising PHP12.77bn (US$250.6m) from selling 8.29bn common shares. The proceeds are expected to be used...
Ciments de Bizerte posts 32% increase in turnover in 2019
In the 4Q19 Tunisia-based Ciments de Bizerte saw its local turnover increase by 56.6 per cent YoY to TND29.068m (US$10.3m) from TND18.559m in the 4Q18. Export turnover reached ...
Ramco Cements records 5% revenue rise
India’s Ramco Cements saw a 6.3 per cent YoY decline in standalone net profit for the quarter ending 31 December 2019, falling to INR950m (US$13.28m) from INR1.01bn. However, r...
Orient Cement reports modest decline in income
India’s Orient Cement has reported a 1.3 per cent YoY decline in total income to INR5.67bn (US$79.3m) during the 3QFY19-20. However, the company considerably narrowed its net l...
Lucky Cement reports profit fall during 1H20
Lucky Cement Ltd of Pakistan has announced its financial results for 1HFY19-20, posting earnings of PKR1.937bn (US$12.54m), down 65 per cent when compared with earnings of PKR5...
JK Lakshmi Cement records 251% surge in net profit
India’s JK Lakshmi Cement has seen a 251 per cent YoY surge in its net profit to INR493.1m (US$6.92m) in the October-December 2019 period, compared with INR140.5m in the previo...
Corporate clean energy surges in 2019
The world witnessed a surge in corporate sustainability commitment in 2019 as corporations purchased a record amount of clean energy through power purchase agreements (PPAs), w...
Shree Digvijay Cement announces 9% rise in income
India’s Shree Digvijay Cement has announced an 8.5 per cent increase in total income to INR1.23bn (US$17.2m) for the 3QFY19-20, compared with INR1.13bn in the year-ago period. ...
CDP raises Cemex rating on climate change leadership
CDP has raised its rating of Cemex from B in 2018 to A- in 2019 for the company's commitment to climate protection. The rating covers Cemex's improvement in governance, risk ma...
Hoffmann Green granted US patent
France-based Hoffmann Green Cement Technologies has been granted a patent for its H-P2A technology in the USA. H-P2A (High-Performance Alkaline Activation) is a geopolymer te...
Τitan launches its Group Digital Centre of Competence
Titan Cement Group has launched its Group Digital Center of Competence, to improve its operational efficiency and competitiveness, and to develop new ways of connecting with it...
Nexe Grupa reportedly looks to acquire Cemex Croatia
Croatia’s Nexe Grupa is reportedly interested in acquiring the local unit of Cemex, which is still for sale following HeidelbergCement’s bid to buy it several years ago, accord...
Siam Cement sees 32% decline in profit for the 4Q19
Thailand’s Siam Cement has seen a 32 per cent YoY decrease in profit to THB7.1bn (US$230.3m) for the October-December 2019 period. Overall revenue fell nine per cent YoY to THB...
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