News

Cement manufacturer Mira SA will soon launch the construction of an industrial complex in the North region of Cameroon. Reliable sources revealed that the CFA120 billion infrastructure will integrate a clinker production unit with an annual capacity of 700,000 tons.

CEMEX announced the plan to expand the production capacity at its subsidiary in Jamaica, Caribbean Cement Company Limited (“CCCL”). This expansion aims for an up to 30% increase CCCL’s cement capacity in Jamaica, through an investment of approximately US$40 million for the first phase of the project.

CEMEX announced that it is implementing hydrogen technology at its San Pedro De Macoris cement plant in the Dominican Republic. Fernando A. Gonzalez, CEO of CEMEX, was on hand for the project's inauguration, which is part of the company's Future in Action program that seeks to achieve carbon neutrality by 2050.

Summit Materials’ Hannibal plant, operated by Continental Cement Co., a subsidiary of Summit, converted 100 percent of its annual production to portland limestone cement (PLC)

The India Cements Limited has posted a net profit of 76 crore for the quarter ended June 30, 2022, an increase of 103% over that of the corresponding quarter last financial year at 37.4 crore. The leading cement manufacturer is likely to effect a revision of cement prices by next week due to rise in the cost of various commodities.

Horia Adrian, President and CEO of Holcim Philippines, Inc. said: “We are determined to deliver value to all our stakeholders despite soft market and cost pressures. Our strategy to embed sustainability in our operations is enabling us to manage current challenges and deliver sustainable business performance. We are committed to pursue initiatives to broaden our range of innovative and eco-friendly building solutions, advance operational efficiency through digitalization, and strengthen customer engagement for better business results and more positive impact.”

Argos, the cement company of Grupo Argos, presented its quarterly results, highlighting record revenues and strong demand for cement and ready-mix, mainly in the United States and Colombia, as well as stable operating results in an environment of high-cost inflation thanks to the success of its commercial strategy in all geographies, the flexibility of its fuel matrix and the partial hedging of fuel prices.