News

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.

During the first six months of 2022, cement and clinker sales volumes, amounting to 5.4 million tonnes, dropped by 0.8% compared to the same period of 2021. The decline is mainly attributable to the
performance of Turkey, China and Denmark.

Revenue in the first half of 2022 increases significantly by 12% to €9,950 million

The management of Nigeria’s second-largest cement manufacturing company, BUA Cement Plc, said it has commenced the process of obtaining loans for the expansion of its integrated plant in Kalambaina, Sokoto State.

Cementos Pacasmayo S.A.A. and subsidiaries, a leading cement company serving the Peruvian construction industry, announced its consolidated results for the second quarter (“2Q22”) and the six months (“6M22”) ended June 30, 2022. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Peruvian Soles.

Aditya Birla group firm UltraTech Cement reported a decline of 6.94 per cent in its consolidated net profit at Rs 1,582.02 crore in the June 2022 quarter, impacted by inflationary trends.

Xelmont Ltd, an indirect wholly-owned subsidiary of Mudajaya Group Bhd, has entered into a share sale and purchase agreement with Minyi Holdings Ltd to acquire the entire equity interest in Real Jade Ltd for RM224.32mil to be fully satisfied by cash.