CRH has invested USD 80 million in Ukraine during the conflict

06 May 2024 in Ukraine from Italian Buzzi is currently under review by the Antimonopoly Committee of Ukraine, reflecting the company's strategic vision for future growth in the region. Copyright CW Group. All rights reserved. Unauthorized distribution expressly...

• Type: Article
• Category: Markets & Competition

Heinzel launches new paper machine in Steyermühl

06 May 2024 and upgrade, the machine has been renamed PM 6, signifying a new era of productivity and innovation at the facility. This strategic investment underscores Heinzel's commitment to modernization and expansion within the pulp and paper industry. By...

• Type: Article
• Category: Europe & Central Asia

Leadership transition at WCP Solutions

06 May 2024 leadership. Swanson's promotion signifies a continuity of leadership within WCP Solutions, ensuring stability and strategic direction for the company's future endeavors. As Swanson assumes her new role, guided by Groves' valuable insights on the board,...

• Type: Article
• Category: Global

Oji's financial struggles

06 May 2024 billion dollars. This financial downturn underscores the challenges faced by Oji in the New Zealand market, necessitating strategic reassessment and mitigation measures to regain stability and profitability. Copyright CW Group. All rights reserved....

• Type: Article
• Category: Australasia

Iraq's Southern refineries nears completion of FCC Project

06 May 2024 Deputy Prime Minister for Energy Affairs and Minister of Oil, Hayan Abdul-Ghani Al-Sawad, has underscored the project's strategic importance and urged expedited completion. The FCC project, executed by the Japanese company JGC, targets the development...

• Type: Article
• Category: End-user Markets

Ince Shipping's ultramax acquisition

06 May 2024 13 years. Established as a family-owned and managed business in Istanbul in 1967, Ince Shipping continues to demonstrate strategic growth and modernization in its fleet composition. This latest acquisition underscores Ince Shipping's commitment to fleet...

• Type: Article
• Category: Markets & trade

Lomar's rapid expansion in bulk shipping

06 May 2024 investment totaling over USD 127 million in drybulk vessels within the past 12 months. This commitment underscores Lomar's strategic shift towards bulk shipping, following the divestment of its containership fleet. CEO Nicholas Georgiou highlights...

• Type: Article
• Category: Markets & trade

Rosatom's potential takeover of Kaliningrad port sends ripples through bulk industry

06 May 2024 of 52 percent of KMTP shares due to alleged illegal income generation. The potential ownership transition underscores strategic state-led initiatives in the maritime sector, with implications for regional trade dynamics and corporate governance.[/PAID]...

• Type: Article
• Category: Ports & handling

Heidelberg Materials acquires Malaysia's largest fly ash supplier

03 May 2024 an agreement to acquire ACE Group, Malaysia's largest supplier of pulverized fly ash, effective May 1, 2024. This strategic move aims to bolster Heidelberg Materials' presence in a burgeoning market and meet the escalating demand for fly ash to mitigate...

• Type: Article
• Category: Markets & Competition

Summit Materials shares first quarter results

03 May 2024 conditions. With a promising pipeline of acquisition targets and a robust balance sheet, Summit is poised to continue its strategic and financial progress in the coming year. Copyright CW Group. All rights reserved. Unauthorized distribution expressly...

• Type: Article
• Category: Financial

Dyckerhoff set to invest in CO2 capture system for Deuna plant

03 May 2024 alongside competitors like Heidelberg Materials and Holcim, who are also advancing similar initiatives. Dyckerhoff's strategic investment reflects a broader industry trend, driven by the imperative to address cement production's substantial carbon...

• Type: Article
• Category: Environment

Cemento Inka plans to establish a ready-mix plant in Lima

03 May 2024 market with the establishment of a ready-mixed concrete production plant at its Cajamarquilla site in Lima. This strategic move aims to meet the escalating demand for ready-mix concrete across 20 regions served by the company's headquarters in the area....

• Type: Article
• Category: Plant Expansions

Lomar expands dry bulk fleet

03 May 2024 over USD 2 billion in proceeds from the sale of its container fleet. CEO Nicholas Georgiou highlighted the company's strategic shift towards the dry bulk sector, citing significant opportunities in the market. The latest addition to Lomar's bulker fleet...

• Type: Article
• Category: Equipment & technology

Cokal boosts coal shipping and production

03 May 2024 Additionally, Cokal is ramping up its BBM metallurgical coal production by introducing more mining fleets and forming a strategic partnership with PT Petrindo to develop coal transport infrastructure. Key infrastructure upgrades include the enhancement...

• Type: Article
• Category: Markets & trade

Shipping activity increases at port Qasim

03 May 2024 of Port Qasim's trade, with loaded and empty containers being efficiently managed during business hours. Port Qasim's strategic location and efficient operations continue to position it as a vital hub for maritime trade, facilitating the smooth flow of...

• Type: Article
• Category: Ports & handling

Astrakhan region ports see remarkable growth

03 May 2024 turnover can be attributed to the increasing demand for the Trans-Caspian section of the North-South ITC, underscoring the strategic importance of Astrakhan's port infrastructure. The growth trajectory of the Astrakhan ports, particularly the Olya...

• Type: Article
• Category: Ports & handling

Kazakhstan's energy expansion

03 May 2024 Kazakhstan's strategic energy plans (CW Group) Kazakhstan gears up for a significant boost in gas and oil production, maintaining its robust global market presence, according to The Astana Times. The Kazakh Ministry of Energy forecasts a surge in gas...

• Type: Article
• Category: End-user Markets

WestRock's fiscal Q2 highlights mixed results

03 May 2024 from providing specific guidance due to ongoing preparations for its proposed merger with Smurfit Kappa Group plc. This strategic move aims to establish a global leader in sustainable packaging, expected to close in early July 2024. Copyright CW Group....

• Type: Article
• Category: North America

RGE plans fibre plant in China

03 May 2024 Vinda International, a Hong Kong-based producer of tissue and diapers, for HKD 26.1 billion (USD 3.3 billion). These strategic moves position RGE for significant growth and expansion in key markets, solidifying its position as a leading player in the...

• Type: Article
• Category: China

Monadnock Paper mills welcomes Chloe Jones

03 May 2024 milestone for the company. Leveraging her entrepreneurial spirit and extensive experience, Jones is poised to lead strategic marketing initiatives, strengthen brand positioning, and enhance communication strategies. Her proven track record in delivering...

• Type: Article
• Category: North America