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Revolutionizing building material sourcing 24 May 2024 to alleviate this burden. Iron rods and steel, crucial components in construction, are among the imported materials, despite domestic resources lying unused. Addressing the pressing need for affordable housing, Ismail urged government intervention to... Type: Article Category: Construction Packaging shipments surge 24 May 2024 These figures indicate robust growth in the packaging sector, driven by increased demand and higher operating rates, despite a slight decline in specific subgrades like food wrapping. Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: North America Navigator profit decline 24 May 2024 follows the acquisition of British company Accrol for 152 million euros, with new management set to take over on May 24th. Despite the profit drop, Navigator's turnover grew by 7 percent to 536.4 million euros. EBITDA increased by 2 percent to 133... Type: Article Category: Europe & Central Asia Pulp market dynamics 24 May 2024 is expected to have a smaller impact on international pulp prices than initially anticipated, according to Portal Celulose. Despite new production capabilities, unscheduled factory closures, logistical challenges, and higher-than-expected demand have... Type: Article Category: South America Canola export challenges amid global dynamics 24 May 2024 remaining 11 weeks of the crop year. The challenge lies in surpassing the average weekly shipment target of 169,500 tons. Despite recent improvements, historical averages indicate a gap in meeting this threshold. The slow pace of exports is attributed... Type: Article Category: Markets & trade Colombia coal export surge signals global market shift 24 May 2024 first quarter of 2024, seaborne coal imports into Mainland China and India soared, while Japan and the EU faced declines. Despite challenges in the Atlantic basin, Colombia's coal exports surged, reflecting a shift in global market dynamics.[/PAID]... Type: Article Category: Markets & trade Ramco Cements reports sales volume growth in 4Q 23 May 2024 System (WHRS) at its Ramasamy Raja Nagar plant by 4Q2025 and expand clinker and cement capacities in Kolimigundla by FY26. Despite these expansions, the company's shares have declined over 23 percent year-to-date and 12 percent in the past year.... Type: Article Category: Financial Cemex permanently shuts down kilns at Lloseta plant 23 May 2024 transfers to other Cemex plants. The cessation is part of Cemex's program to reduce CO2 emissions and conserve resources. Despite this, the company will maintain its grinding, storage, marketing, and dispatch operations at the Majorcan site and continue... Type: Article Category: Markets & Competition Nitric acid insights 23 May 2024 The fluctuation in the nitric acid industry index underscores the complex interplay of factors shaping market conditions. Despite the recent decline, the industry has demonstrated resilience and substantial growth over the years. As stakeholders... Type: Article Category: Financial Roraima's Orinoco oil venture ignites industry growth 23 May 2024 formed in collaboration between PDVSA and A&B Oil and Gas. This partnership aims to bolster Venezuelan crude oil production despite existing sanctions. The venture targets the Zuata field's heavy crude, upgrading it at the G/D José Antonio Anzoátegui... Type: Article Category: End-user Markets U.S. paper shipments surge 23 May 2024 13 percent increase in U.S. printing-writing paper shipments in April 2024 compared to April 2023, according to Paper Age. Despite the increase in shipments, U.S. purchases of printing-writing papers decreased by 1 percent in March compared to the same... Type: Article Category: North America China's Coal Demand: Renewables Rise 23 May 2024 generation from renewables between January and April 2024, surpassing the 6 percent growth in fossil fuel generation. Despite a 29 percent year-on-year rise in steam coal shipments to China, they are beginning to feel the effects of this renewable... Type: Article Category: Markets & trade Soybean export estimates trimmed 23 May 2024 week of May 19th to 25th. Anec's revised estimates for soybean exports highlight the dynamic nature of agricultural trade. Despite adjustments, soybean exports remain a significant component of the global commodities market, impacting various sectors... Type: Article Category: Markets & trade Riyadh Cement shares 1Q24 results 22 May 2024 Riyadh Cement forecasts rising demand despite early challenges (CW Group) Riyadh Cement Co. reported solid 1Q2024 financial results despite high production costs and reduced sales volumes due to increased fuel prices and interest rates, according to... Type: Article Category: Financial Unacem reports a 13.9 percent increase in first-quarter revenue 22 May 2024 projects and equipment upgrades. Additionally, Unacem’s EBITDA rose to PEN 419 million, a 7.2 percent increase, despite a slight margin decrease due to higher production costs in Peru and Ecuador. Unacem's growth highlights its strategic focus on... Type: Article Category: Financial Billerud shifts strategy, ends Esky expansion 22 May 2024 levels, led to the cancellation of the expansion, with inflation and currency exchange rates cited as contributing factors. Despite this setback, Billerud remains committed to transitioning its U.S. production towards packaging materials, albeit at a... Type: Article Category: North America Seshasayee Paper's strategic expansion move 22 May 2024 dynamics in FY25, particularly in the domestic segment, amid pricing pressures from imported paper and rising input costs. Despite these challenges, Seshasayee Paper remains focused on optimizing efficiency and capitalizing on growth opportunities.... Type: Article Category: India Beauce Industry's Record-Breaking Year 22 May 2024 at the APBB, announced substantial rebates totaling USD 250,435 for producers delivering high-quality pulpwood. Despite mixed results in the sawtimber sector, 2023 stood out as the second-best year in terms of prices in the last decade. Fir-spruce log... Type: Article Category: North America Iron Ore surges amid rising China demand 22 May 2024 to a three-month peak (CW Group) Iron ore futures surged to a three-month high as China's demand outlook strengthened, despite ample global supply, reports XM. The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) soared... Type: Article Category: Markets & trade Baltic index drops again 22 May 2024 53 points, or 1.96 percent, to 2,655, with average daily earnings for capesize vessels decreasing by USD 445 to USD 22,015. Despite the overall decline, iron ore futures rose, supported by resilient demand, and improved prospects in China. Conversely,... 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