SCG to cut costs after 75% profits decline in 9M2024

04 November 2024 The company addresses challenges with cost-cutting and innovation (CW Group) Thailand’s Siam Cement Group (SCG) announced plans to reduce costs by USD 147 million in 2025 following a significant decline in nine-month profits, which dropped 75%...

• Type: Article
• Category: Markets & Competition

Aktobecem to build new cement plant in Aktobe

04 November 2024 Aktobecem invests in regional cement production (CW Group) Kazakhstan’s Aktobecem is advancing plans to build a new cement plant in Alga, Aktobe region, according to Global Flow Control. The project, backed by Aktobecem and a Singaporean investor,...

• Type: Article
• Category: Plant Expansions

Bahri reports strong profit growth in 2024

04 November 2024 Bahri's commitment to modernization is evident, with SAR 2.82 billion invested by the end of September 2024. The company plans to expand its fleet by adding 17 new vessels in the next two quarters, following the acquisition of five vessels earlier this...

• Type: Article
• Category: Markets & trade

Metsä Board considers temporary layoffs

04 November 2024 Plans address anticipated low demand in 2025 (CW Group) Metsä Board, a Finnish producer of fresh fibre paperboards, has announced plans to begin negotiations for potential temporary layoffs at its facilities in Finland, according to Packaging Gateway....

• Type: Article
• Category: Europe & Central Asia

Alba secures strategic partnerships at Gateway Gulf 2024

04 November 2024 Aluminum Industry Company. Alba will hold a 70 percent stake, with Daiki retaining the remaining 30 percent. This venture plans to establish an aluminum dross processing facility in Bahrain by September 2026. Additionally, Alba's collaboration with...

• Type: Article
• Category: End-user Markets

Amsons Group unveils new investments in East Africa

01 November 2024 Amsons plans to build a new cement plant in Tanga, Tanzania, and acquire Bamburi Cement (CW Group) Amsons Group, a Tanzanian conglomerate, has unveiled a comprehensive investment strategy aimed at boosting its cement production capacity across East...

• Type: Article
• Category: Markets & Competition

Mongolia’s ambitious coal and copper export goals

01 November 2024 Major increases in coal and copper concentrate planned for 2025 (CW Group) Mongolia plans to export 83 million tons of coal and 1.8 million tons of copper concentrate in 2025, as highlighted by the Minister of Finance, Javkhlan Bold, during the...

• Type: Article
• Category: Markets & trade

New technologies in Henan's papermaking conference

01 November 2024 forming fabrics, and Valmet's three-in-one supply model for pulp and energy. Additionally, companies shared transformation plans, including Henan Dazhi’s upgrades for efficiency and Dezhou Xiuzhen’s SNCRz denitrification technology for emission...

• Type: Article
• Category: China

Heidelberg Materials launches evoBuild

01 November 2024 net-zero cement, further enhances the brand's commitment to sustainable building practices. Heidelberg Materials plans to integrate all sustainable products into the evoBuild portfolio over the coming years. According to CEO Simon Willis, the...

• Type: Article
• Category: Concrete & Brick

CLC warns that housing growth target might be in Jeopardy

01 November 2024 Material shortages threaten construction plans (CW Group) [PAID={"id":"15,16,17","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]According to Construction News, the Construction Leadership Council (CLC)...

• Type: Article
• Category: Construction

R.P. Lumber acquires Guyot Lumber

01 November 2024 content you tried to access is only available to paid subscribers.","link":"1"}]R.P. Lumber Co. Inc. has announced plans to acquire Guyot Lumber & Hardware, an independent retailer located in Perryville, Missouri, according to Hardware Retailing. This...

• Type: Article
• Category: Construction

Kanodia Cement raises funds to double cement capacity

30 October 2024 Company plans IPO and luxury real estate projects in India (CW Group) Kanodia Cement is set to launch an initial public offering (IPO) to raise approximately INR 800 crore. This initiative is part of the company's strategy to expand its production...

• Type: Article
• Category: Plant Expansions

Adani to build greenfield cement plant in Odisha

29 October 2024 Major investment plans unveiled for Odisha cement project (CW Group) The Adani Group is in advanced discussions with the Odisha government to set up its first greenfield cement manufacturing plant. This facility will be constructed from the ground up,...

• Type: Article
• Category: Plant Expansions

JSW Group partners with South Korea’s Posco to set up steel plant in India

29 October 2024 plant, set to be located in Odisha, is anticipated to have an annual production capacity of 5 million tons, with potential plans for future expansion. The MOU was formalized on October 21 in Mumbai, with key executives from both companies present. Posco...

• Type: Article
• Category: Materials News

Daw expands production capacity in France

29 October 2024 automated at 70%, it will employ four staff members and aims to produce 12,000 tons of insulation powders annually, with plans to increase to 20,000 tons within five years and reach 36,000 tons thereafter. Currently, ITE products account for 37% of DAW...

• Type: Article
• Category: Materials News

Ethiopian Fleet Expansion Plans Unveiled

29 October 2024 Ethiopian Shipping Eyes Bulk Vessel Expansion Amid Market Shifts (CW Group) The Ethiopian Shipping and Logistics Services Enterprise (ESL), or Ethiopian Shipping Lines, is preparing a significant expansion of its maritime fleet, according to a report...

• Type: Article
• Category: Ports & handling

Kimberly-Clark Chile Names New CEO

29 October 2024 has led the commercial consumer business in Chile, gaining extensive knowledge of the market. Under his direction, Aguirre plans to prioritize growth opportunities and strengthen Kimberly-Clark’s product offerings in Chile. This leadership change aligns...

• Type: Article
• Category: South America

Ports Alliance to Boost Trade

28 October 2024 facilitating its role as a central hub for trade. The establishment of this sister port relationship and the operational plans for Gwadar Port are pivotal steps in strengthening economic ties between Pakistan and China. By enhancing logistics and...

• Type: Article
• Category: Shipping & logistics

Vale and Jinnan Steel Collaborate

28 October 2024 annual processing capacity of 18 million metric tons of iron ore, yielding 12.6 million tons of high-grade concentrate. Vale plans to contribute $227 million for the connection of the beneficiation plant to the pellet and HBI production facilities,...

• Type: Article
• Category: Markets & trade

BASF Boosts production for sustainable building materials

28 October 2024 ","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] BASF has announced plans to expand its production of energy-efficient building materials, according to Powder & Bulk Solids. This initiative aims to enhance...

• Type: Article
• Category: Materials News