News

. Cementos Molins released its results for the first nine months of 2022, a period highlighted by an economic growth slowdown, high inflation costs, especially in Spain, and supply chain disruptions. Despite this challenging environment, Cementos Molins once again delivered a strong quarterly performance, and continues to move forward to exceed the targets defined in the strategic plan 2020-2023.

As part of the continued expansion of its broad portfolio of CCUS technologies, Heidelberg Materials has signed an indefinite global licence agreement with the technology company Leilac, a Calix subsidiary.

CEMEX announced today continued solid top line growth, with third quarter Net Sales growing 13%. Pricing was the main driver with cement, ready-mix and aggregates, increasing double digits. EBITDA and EBITDA margin continued to be impacted by persistent inflationary headwinds that outpaced the company’s pricing efforts.

In the second half of this year, the Company will commission another 15.4 mtpa of greenfield / brownfield expansion and start the next financial year with a capacity of 131.25 mtpa in India.

The company has posted volume growth of 10 per cent in its ready-mix concrete to 0.75 mt for the reviewed quarter, against 0.68 Mt in the corresponding quarter , against 0.68 Mt in the corresponding quarter the previous year.

Saudi-based cement producer Al Jouf Cement Co. suffered a 74 percent decline in profits during the first nine months of 2022, due to a downward trend in cement prices and sales.

The US Department of Energy’s Solar Energy Technologies Office (SETO) has invested $4.1 million to accelerate the large-scale development and deployment of concentrating solar-thermal power (CSP) technology for industrial decarbonization and electrical power generation and storage.