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Construction VAT sparks fiscal concerns in Ecuador 21 November 2023 to access is only available to paid subscribers.","link":"1"}]Ecuador's incoming government, led by Daniel Noboa, faces a financial challenge with the proposed reduction of the Value Added Tax (VAT) on construction materials from 12 percent to 5... Type: Article Category: Materials News CRH's invests in Texas ready-mix concrete 21 November 2023 York Stock Exchange since September, he anticipates a record-breaking year. Analyst Ross Harvey from Davy commended CRH's financial performance and strategic capital deployment, unlocking further growth opportunities. Copyright CW Group. All rights... Type: Article Category: Concrete & Brick PPC seals strategic cement deal 20 November 2023 42.5 million. This move aligns with PPC's strategic shift towards enhancing its Southern African operations and optimizing financial leverage. The share transfer is pending fulfillment of conditions, including approvals from COMESA, Rwanda Revenue... Type: Article Category: Mergers & Acquisitions Sarwari MRF site to redefine local cement industry 20 November 2023 machine at the Sarwari MRF site aims to streamline the process, enhancing waste management capabilities and reducing financial burdens.[/PAID] Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Environment HeidelbergCement Georgia reports record revenue 17 November 2023 The company achieves impressive financial growth (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Georgia's largest cement and concrete producer, Heidelberg Cement, records... Type: Article Category: Financial Saint-Gobain's bond move signals financial optimization 17 November 2023 Market advantage seizes opportunity in refinancing maneuver (CW Group) In a strategic financial move, Saint-Gobain navigates favorable market conditions, proactively anticipating upcoming bond maturities and optimizing financing costs. This... Type: Article Category: Materials News Misr Beni Suef Cement achieves profitability surge 16 November 2023 Suef Cement Company (MBSC), strategically located at the heart of Egypt, 190 km south of Cairo, has reported a noteworthy financial turnaround. The company recorded an impressive net profit of EGP 243.666 million in the first nine months of 2023. This... Type: Article Category: Financial Vietnamese cement companies struggle 16 November 2023 Cement sales have sharply decreased both in the domestic and export markets. Increasing production costs have led to financial losses, forcing several factories to temporarily halt operations or reduce production. For instance, Vicem Ha Tien Cement... Type: Article Category: Markets & Competition Cementos Molins extends loan maturity 16 November 2023 75 million euro loan and a 225 million euro credit line, remains intact. The sustainability-linked loan continues to align financial terms with carbon reduction targets, a key aspect of the company's sustainability roadmap. To achieve a 20 percent... Type: Article Category: Environment Cement demand surges in Portugal 16 November 2023 a 3.4 percent growth, totaling 21,225 dwellings in the same period. Additionally, new housing credit extended by financial institutions surged by 16.2 percent, totaling €14.263 billion in the first nine months of the year. AICCOPN reports a substantial... Type: Article Category: Markets & Competition Built by Nature launches prize for biobased construction materials 16 November 2023 The criteria prioritize significant carbon emissions reduction and benefits to nature and local communities. Beyond financial rewards, winners will gain exposure, mentoring support, and connections through Built by Nature's extensive networks. This... Type: Article Category: Materials News Financial boost for low-carbon projects in the U.S 16 November 2023 US GSA invests in sustainable construction (CW Group) In a recent announcement from JD Supra, the U.S. General Services Administration (GSA) is set to revolutionize federal construction with a groundbreaking USD 2 billion investment in low-embodied... Type: Article Category: Materials News Eldorado's faces profit challenges 15 November 2023 sees a substantial 55.6 percent drop compared to the same period last year. Despite the profit setback, Eldorado's Chief Financial and Investor Relations Officer, Fernando Storchi, remains optimistic, citing outstanding quarterly achievements in both... Type: Article Category: South America Seoul boosts shipyard renaissance 15 November 2023 additional USD 544 million in state aid to the Korean shipbuilding sector until 2028, as reported by Splash247.com. This financial injection aims to foster the growth of eco-friendly vessels, accelerate digitalization initiatives, and strengthen the... Type: Article Category: News CMA CGM faces 3Q revenue slump 15 November 2023 with a notable EBITDA margin reduction of 28.5 points, and a net income of USD 388 million. The company's debt net of financial resources stood at USD 100 million as of September 30, 2023. Despite market normalization post-pandemic, CMA CGM President... Type: Article Category: Markets & trade PKF appoints new administrator for Savannah Cement 15 November 2023 A recent development has unfolded at Savannah Cement Ltd as Harveen Gadhoke, the administrator overseeing the company's financial challenges since May, stepped down last week. The reins have now been handed over to Peter Kahi of PKF Consulting (K) Ltd,... Type: Article Category: People Votorantim Cimentos' robust 3Q23 results 15 November 2023 Profit surges, global expansion, and financial ratings soar (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Votorantim Cimentos concluded the third quarter of 2023 with an... Type: Article Category: Financial Innovative platts dry index changes bulk shipping dynamics 14 November 2023 and supramax vessels. As reported by Splash247.com, the Platts Dry Index caters to freight market participants and financial investors, offering a unique trading option incorporating all vessel segments. The index's innovative approach reflects the... Type: Article Category: Markets & trade Qassim Cement profit surge in 9M-23 14 November 2023 during the first half of 2023. Compared to SAR 77.47 million in 9M-22, this substantial growth underscores the company's financial strength and adaptability in the current market. Despite a 6.35 percent YoY revenue decline to SAR 432.09 million as of... Type: Article Category: Financial Unicorr's strategic expansion: Acquires TriState container for growth 13 November 2023 Corporation, a Pennsylvania-based company with over 70 years of expertise in providing corrugated packaging solutions. The financial details of this acquisition have not been disclosed. TriState Container, operating from three facilities in the... 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