News
Ambuja Cement, now a part of Adani Cement, reported a 68% drop in standalone net profit at ₹138 crore for the quarter ended 30 September, 2022 (Q3FY23) versus ₹441 crore during the same period last year. Shares of Ambuja were trading at ₹513.70 apiece on the NSE, marginally down at 0.77% in afternoon deals.
Region: India
Summit Materials, a leading vertically integrated construction materials company, announces Continental Cement Company, LLC ("Continental Cement"), a subsidiary of Summit, produced a 20 % Portland Limestone Cement (“PLC”), the lowest carbon Portland Limestone Cement to date as part of an innovative research project for the Minnesota Department of Transportation (MnDOT) and the National Road Research Alliance project.
Region: USA
16.09.2022 09:37Holcim closes India divestment
Holcim has closed the sale of its business in India to the Adani Group, comprising its full stakes in Ambuja Cement at a share price of INR 385 and in ACC at a share price of INR 2,300, resulting in cash proceeds of USD 6.4 billion for Holcim. This transaction strengthens Holcim’s balance sheet and enables the company to continue its acquisition strategy, building on recent investments of over CHF 5 billion in Solutions & Products.
Region: India
29.08.2022 17:36200 new mixer trucks will arrive to improve the experience of Argos customers and drivers in the USA
Argos, Grupo Argos’ cement company, is renewing its fleet of trucks in the United States by purchasing 200 mixer trucks with state-of-the-art technology. The goal is to improve the experience of its customers and employees through greater reliability, efficiency, safety, and comfort.
Region: USA
26.08.2022 16:58CRH: H1 2022 results
Group sales of $15.0 billion (H1 2021: $13.2 billion) were 14% ahead of the same period last year and 12% ahead on a like-for-like2 basis. EBITDA of $2.2 billion was 21% ahead of 2021 (H1 2021: $1.8 billion) reflecting a strong focus on commercial and operational initiatives which more than offset the impact of cost inflation. On a like-for-like basis EBITDA was 13% ahead and margins were maintained or expanded across all Divisions.
Region: Ireland
The proposed combination involves acquisition of 100 per cent stake in Holderind Investments Ltd by Endeavour Trade and Investment Ltd.
Region: India
