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Yamama Cement posts 140% increase in net profits in Q3 2024 25 October 2024 Cement Company has reported a 140% increase in net profits for Q3 2024, according to preliminary financial results shared via the Saudi Stock Exchange and Al Arabiya.net. The significant profit growth stems primarily from a substantial rise in sales,... Type: Article Category: Financial Fortescue unveils new green steel pilot plant and Q3 2024 financial results 25 October 2024 Fortescue has initiated the construction of a 150-ton green steel pilot plant at its Christmas Creek iron ore mine in the Pilbara (CW Group) [PAID={"id":"15,16,17","title":"The content you tried to access is only available to paid... Type: Article Category: Materials News Neste to discontinue green hydrogen project at Porvoo refinery 25 October 2024 announced the suspension of its planned renewable hydrogen project at the Porvoo refinery due to challenging market and financial conditions, according to Offshore Energy. The Finnish company initially aimed to construct a 120 MW electrolyzer to supply... Type: Article Category: Production India's steel tariff plans continue 24 October 2024 to impose such a tariff could take up to six months to finalize. India has been a net importer of steel since the last financial year, with major producers like JSW Steel, Tata Steel, and ArcelorMittal Nippon Steel India expressing concerns about the... Type: Article Category: Materials News Saint-Michel Paper Mill Closure 24 October 2024 closed due to escalating energy costs. Once recycling up to 80,000 tons of paper annually, the mill faced insurmountable financial pressures amid the global energy crisis. In just six months, energy expenses skyrocketed from €400,000 to €1.3 million,... Type: Article Category: Europe & Central Asia Stora Enso Retains Beihai Site 24 October 2024 of the Beihai site, with its local partners and the International Finance Corporation (IFC) holding the remaining shares. Financial adjustments related to this decision will reduce the Group’s EBIT by EUR 7.5 million per quarter, totaling EUR 30 million... Type: Article Category: Europe & Central Asia Heidelberg Materials expands concrete operations in Australia 23 October 2024 acquisition has already received informal clearance from the Australian Competition and Consumer Commission, although the financial terms of the transaction remain undisclosed. This acquisition signifies a key step in Heidelberg Materials’ strategy to... Type: Article Category: Mergers & Acquisitions Rayonier Restores Operations After Fire 23 October 2024 and 270,000 metric tons for fluff pulp. RYAM is collaborating with customers to mitigate any impacts and is assessing the financial effects of the incident, including potential insurance recovery. Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: North America Argentina's cement industry hits lowest levels since 2009 22 October 2024 September 2024, Argentina's cement and steel industries remain at their lowest levels since the 2009 global financial crisis, despite the absence of global economic issues. The country's deep economic challenges under the leadership of Javier Milei have... Type: Article Category: Markets & Competition Shipping Loan Refinancing Deal 22 October 2024 Global shipping company signs new agreement to enhance financial flexibility (CW Group) Diana Shipping Inc., a global leader in dry bulk shipping, has signed a US$80.2 million amended and restated loan agreement with Danish Ship Finance A/S, according... Type: Article Category: Ports & handling Ultratech Cement's Q2 profit falls 36 percent amid rising costs 21 October 2024 Ultratech remains optimistic about demand recovery and is focused on enhancing operational efficiencies to improve its financial performance in the coming quarters. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Financial Suzano Adjusts Pulp Production Amid Market Shift 21 October 2024 to paid subscribers.","link":"1"}] According to Portalcelulose, Suzano has reduced its pulp production by 4%, a move that financial analysts at BTG Pactual believe will have minimal financial impact. Despite market challenges, the bank maintains a... Type: Article Category: South America Financial hardship revives craft of clay brick making 21 October 2024 Rural communities in Syria return to clay bricks as costs rise (CW Group) In response to escalating material prices, residents of northern Deir Ezzor have returned to building with clay bricks, according to Enabbaladi. This trend, driven by economic... Type: Article Category: Concrete & Brick Cement prices decline in India 18 October 2024 Market adjustments impact cement costs this financial year (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Cement prices in India have declined by 10 percent year-on-year... Type: Article Category: Volume & Pricing HBRI uses sand-cement blocks 18 October 2024 and eco-friendly alternative to conventional bricks. The production of these sand-cement blocks offers significant financial advantages, with dredged sand costing substantially less than traditional materials. The cost of 500 cubic feet of dredged sand... Type: Article Category: Concrete & Brick USAID supports grain collection in Ukraine 17 October 2024 USAID AGRI-Ukraine initiative. This support included seeds, fertilizers, plant protection products, storage solutions, and financial resources, contributing to more than USD 1 billion in revenue for the Ukrainian economy. Furthermore, the initiative is... Type: Article Category: Markets & trade Port delays impacting coffee exports 17 October 2024 and frequent changes in shipping schedules, resulting in a loss of USD 580.55 million in foreign exchange revenue. The financial impact extends beyond lost revenue, with exporters incurring additional costs of BRL 5.938 billion due to storage fees and... Type: Article Category: Shipping & logistics Interfor exits Quebec operations 17 October 2024 to Chantiers Chibougamau once the sale is finalized. Interfor anticipates an impairment charge in its third-quarter financial results due to this divestiture. The sale will not involve any countervailing or anti-dumping duty deposits related to the... Type: Article Category: North America CWC and Woodsure partner to increase adoption of wood construction in Canada 17 October 2024 emphasized the significance of specialized insurance products in promoting the mass timber industry. By mitigating financial risks and addressing concerns related to fire safety and structural integrity, tailored insurance solutions can foster... Type: Article Category: Construction Indian cement demand set to increase 16 October 2024 Despite an initial slowdown, strong profitability and stable market conditions are expected to sustain the industry's financial health. The demand for cement is forecasted to reach 475 million tons this year, growing at a rate of 7-8 percent. Operating... 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