OYAK Cement reports third quarter financial results
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11h ago
Türkiye: OYAK Cement has announced net sales of US$333m and a 17% year-on-year rise in earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$111m for the third quarter of 2024. The company recorded a net profit of US$61.3m for the third quarter and US$155m for the first nine months of 2024 ..read more
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RLJ Infracement to increase Mirzapur plant capacity
Global Cement
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11h ago
India: RLJ Infracement will enhance the production capacity of its Mirzapur plant by 0.36Mt/yr. The company has also terminated its supply agreement with Rockhill Hi-Tech Cement ..read more
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October cement sales increase in Puerto Rico
Global Cement
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11h ago
Puerto Rico: The Puerto Rico Economic Development Bank (BDE) has reported an increase in cement sales, reaching 1.41 million 43kg bags in October 2024, the highest since March 2023. This marks a 15% rise from October 2023, with recent months averaging 1.28 million bags. BDE President Luis Alemañy said "We see a recovery in the construction sector, particularly in cement sales, which predicts a good impact on infrastructure development and job creation in Puerto Rico. Although the 2024 fiscal year closed with a 1% decrease in cement sales compared to the previous year, the start of the 2025 f ..read more
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Shandong to curb cement production in winter
Global Cement
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11h ago
China: Shandong Province will curb cement production from 15 November 2024 to 15 March 2025 to reduce air pollution. The measure, similar to last winter's, was announced by the Province's industry and environment ministries. Shandong's reliance on inefficient captive coal-fired power plants means the measure could reduce coal demand significantly ..read more
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Votorantim Cimentos reports 2024 third quarter financial results
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1d ago
Brazil: Votorantim Cimentos has reported that its net profit surged by 24% in the third quarter of 2024 compared to the same period of 2024, to reach US$179m. Its net revenue increased by 6% year-on-year to reach US$1.33bn. However, when excluding currency fluctuations, revenue decreased by 1%. This highlights the significant impact of foreign exchange rates on Votorantim's global operations. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 20% to US386m. Cement sales volume increased by 3% to 10Mt during the quarter. The company said that these figures ..read more
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What will the next Trump presidency mean for the cement sector?
Global Cement
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1d ago
On 6 November 2024, Donald Trump appeared before followers in Florida, US, to declare victory in the 47th US presidential election. A sea of red baseball caps reflected the promise of the former president, now once again president-elect, to Make America Great Again. What Trump’s triumph means for the cement industry is not so straightforward. One lesson of President Trump’s 2017 – 2021 tenure as 45th president is that a Trump presidency comes with winners and losers. Alongside the international heads of state posting their congratulations to Trump via social media was the Portland Cement Asso ..read more
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Aamir Ghani and Mohammed Yasin Fecto reappointed as heads of Fecto Cement
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1d ago
Pakistan: Fecto Cement has reappointed Aamir Ghani and Mohammed Yasin Fecto as its chair and CEO respectively. The move followed a formal revaluation of the company leadership, according to Pakistan Press International. It said that the change aims to streamline operations and reinforce the strategic direction of the cement producer. The company operates an integrated plant at Sangjani near to Islamabad ..read more
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Taiheiyo Cement reports declining profit
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1d ago
Japan: Taiheiyo Cement has reported net sales of US$2.86bn for the six months that ended on 30 September 2024, a 5.5% increase compared to US$2.71bn a year earlier. However, the company’s operating profit for the six-month period was US$115m, a decrease of more than 50% compared to US$325m in the first six months of the prior financial year ..read more
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Sumitomo Osaka sees decline in sales
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1d ago
Japan: Sumitomo Osaka Cement has reported net sales of US708m for the six months to 30 September 2024, a decline of 0.3% compared to US$710m a year earlier. The company’s net profit slumped to US$6.1m in the six-month period from US$37.5m in the first six months of the 2023 financial year, a fall of 87.4% year-on-year ..read more
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Çimsa to increase calcium aluminate cement capacity
Global Cement
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1d ago
Türkiye: Çimsa will invest US$31.8m in an expansion to its calcium aluminate cement production facilities at its Mersin Cement subsidiary. The upgrade will reportedly be completed by the end of the first half of 2026 ..read more
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