Cement News tagged under: Weekly Newsletter
Aktobecem to build cement plant in western Kazakhstan05 November 2024, Published under Cement NewsAktobecem plans to build a new cement plant in the Aktobe region, Kazakhstan, according to Trend News Agency. The 2Mta project is valued at US$143.1m. Aktobe’s aim, Askhatar Sakharov, met with investors from Singapore and Kazakhstan to discuss the development of the project. "We are ready to support the implementation of the cement plant project. This enterprise will make a significant contribution to the development of the construction industry in the region by providing the local market... |
CRH develops wind farm to power Romanian plant04 November 2024, Published under Cement NewsCRH has developed a new wind farm to provide renewable electricity to its Medgidia plant in Romania. The wind farm is the first of its kind in the country to exclusively power a cement plant. The farm will meet a significant proportion of the Medgidia plant’s annual energy requirements, helping lower the carbon footprint of the cement produced, while also contributing to Romania's clean energy transition. Enuice Heath, chief sustainability officer at CRH, said, “This is a significant ... |
Eagle Materials posts record 2Q revenue31 October 2024, Published under Cement NewsUS-based Eagle Materials Inc has reported a record revenue of US$623.6m in the 2QFY24-25 (ended 30 September 2024). Net earnings reached US$143.5m, according to a company statement. Revenue in the Heavy Materials business, which includes cement, concrete and aggregates, joint venture and intersegment cement revenue, slipped by two per cent to US$418.7m. Heavy Materials operating earnings were down nine per cent to US$114.9m. The reduced performance was attribute to lower sales volumes, o... |
Minister for the Economy visits Cimpor to see decarbonisation investments31 October 2024, Published under Cement NewsCimpor received a visit from Portugal's Minister of Economy, Pedro Reis, at the Alhandra Production Centre to present the company's strategic decarbonisation plan for the country, which represents a total of EUR360m to be invested in the Alhandra, Souselas and Loulé plants. This investment plan, which is already underway, aims to achieve carbon neutrality for Cimpor by 2050, which will place the historic Portuguese company at the forefront of the environmentally sustainable transition a... |
TCMA releases its Thailand 2050 Net Zero Cement & Concrete Roadmap31 October 2024, Published under Cement NewsThailand’s Cement Manufacturers Association (TCMA) has released the Thailand 2050 Net Zero Cement & Concrete Roadmap. The 70-page document has contributions from the Director General of the Department of Climate Change and Environment, TCMA, the Global Cement & Concrete Association (GCCA) and the Thins Concrete Association. The report discusses the commitment and pathway to net zero, looking at initial progress to decarbonise (1990-2020), a decade to deliver (2020-30), and full deployment o... |
Molins reports revenues of EUR1022m in 9M2431 October 2024, Published under Cement NewsMolins has announced its financial results for the first nine months of 2024 (9MFY24), a period highlighted by markets slowdown, albeit different across regions, amplified during the third quarter by adverse weather conditions and political and social instability in few countries. Molins reached revenues of EUR1022m (US$1109m), five per cent lower than in the 9MFY23, due to the negative impact of lower volumes and currency fluctuations, offset partly by the positive impact of selling pr... |
Malayan Cement reports 156% increase in pretax profit31 October 2024, Published under Cement NewsMalayan Cement Bhd , majority-owned by YTL Cement Bhd , has reported notable financial results for FY23-24 (ending 30 June 2024). The Malaysian building materials group posted a revenue of MYR4.45bn (US$1.02bn), representing an 18 per cent YoY growth from MYR3.76bn in the previous year. This rise was primarily driven by stabilised domestic cement prices and operational efficiencies across its business segments. Profit before tax surged to MYR647.5m, marking a significant 156 per cent incre... |
Cemex reports 3Q24 net sales of US$4bn29 October 2024, Published under Cement NewsCemex reported an EBITDA of US$747m and net sales of US$4.09bn in the 3Q24 in a period. Weather impact accounted for a little less than half of the LtL EBITDA shortfall in the quarter. Consolidated net income grew more than 200 per cent compared to the prior year. Cemex’s pricing strategy continued to be supportive in a lower volume environment, with prices for its products rising low-single digits. During the quarter, Cemex announced divestments of US$1.4bn, bringing YtD announced divesti... |
Indonesia's cement market contracts 3% in September29 October 2024, Published under Cement NewsCement sales in Indonesia in September 2024 declined by 2.9 per cent YoY to 6,073,134t from 6,254,889t in September 2023, according to data from the Indonesian cement association, ASI. The bagged segment saw a 4.8 per cent YoY drop to 4,214,415t in September 2024 from 4,385,065t but bulk deliveries were up 1.6 per cent YoY to 1,869,823t from 1,902,887t. Cement production from the country’s cement plants slipped by 1.2 per cent YoY to 6,241,096t in September 2024 from 6,138,228t in Septembe... |
Puerto Rico’s cement market contracts in June but sees July recovery28 October 2024, Published under Cement NewsPuerto Rican cement sales declined by 6.9 per cent YoY to 50,694t in June 2024 from 54,442.8t in June 2023 but recovered in July, increasing by 12.9 per cent from 48,478.8t in July 2023 to 54,698.4t, according to the Center of Economic Studies of the Economic Development Bank for Puerto Rico. In terms of production, total volumes by the country’s cement producers Cemex and Argos dropped by 18.9 per cent to 28,329t in June 2024 from 34,932t in June 2023. In July output advanced by 16.2 per ... |