Saudi Arabia: Yamama Cement recorded revenues of US$134m during the first half of 2023, up by 17% year-on-year from US$115m during the first half of 2022. The producer's net profit rose by 75% to US$56.2m from US$32.1m.
Prometheus Materials's biocement proves sound absorption capacities
US: Prometheus Materials' microalgae-based biocement has demonstrated 12 times greater sound absorption than ordinary Portland cement (OPC). Prometheus Materials produces its biocement at ambient temperature, with no process CO2 emissions.
UltraTech Cement to acquire 26% stake in VEH Radiant Energy
India: UltraTech Cement has concluded an agreement to buy a 26% stake in renewable power provider VEH Radiant Energy. UltraTech Cement says that VEH Radiant Energy will help it to increase its reliance on renewable power in its operations.
Oldcastle APG acquires Saint-Gobain's US fence, railing and decking business
US: CRH subsidiary Oldcastle APG has acquired France-based Saint-Gobain's fence, railing and decking business in the US. The business consists of two production locations, in Buffalo, New York, and Orem, Utah. Together, the sites employ 210 people. The business generated US$65.6m in sales in 2022.
Saint-Gobain said that the divestment serves to advance its profile optimisation strategy under its Grow & Impact plan.
More Articles ...
