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Hong Leong Asia exhibits remarkable financial performance 29 February 2024 Company sees boost in profit and revenue (CW Group) Hong Leong Asia, the trade and industry arm of the esteemed Hong Leong Group, has reported a substantial surge in net profit for the second half of the year, according to The Straits Times. The... Type: Article Category: Construction Holcim sees financial boost from aggregates and concrete 29 February 2024 Insights into Holcim’s financial performance across all product segments (CW Group) [PAID={"id":"15,16,17","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Holcim has surpassed all expectations, achieving its... Type: Article Category: Aggregates SCA Announces kraftliner price increase 28 February 2024 European market sees adjustments in April 2024 (CW Group) SCA unveils plans to raise prices on white and brown kraftliner in Europe, marking an EUR 80 per ton increase effective April 1, 2024, writes Paper Age. Mikael Frölander, Vice President... Type: Article Category: Europe & Central Asia Record cargo handling at Port of Santos 26 February 2024 January sees unprecedented growth in shipments (CW Group) Udop reports a remarkable start to 2024 for the Port of Santos, with record-breaking cargo handling in January, totaling 11.9 million tons. Led by a surge in sugar shipments, the port witnessed... Type: Article Category: Ports & handling Cement dispatch rebounds in Peru 26 February 2024 National cement supply sees uplift after year-long decline (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] In January 2024, cement exports from Asocem-affiliated companies... Type: Article Category: Markets & Competition Paper industry's financial landscape 23 February 2024 Nippon Paper Industries, Daio Paper Industries, and Mitsubishi Paper Industries report operating profits. Rengo sees an impressive 81.0 percent sales surge, while Oji HD experiences a 5.3 percent sales dip due to operational setbacks in New Zealand and... Type: Article Category: Asia Malaysian Bulk Freight's profit surge 22 February 2024 Malaysian firm sees dramatic financial turnaround (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]Malaysian Bulk Freight (MAYBULK, 5077, main board transportation and... Type: Article Category: Markets & trade Saint-Gobain's acquisition offer for CSR Limited 21 February 2024 confirmatory due diligence and binding transaction documents, marks a significant development in the industry. Saint-Gobain sees this move as an opportunity to leverage long-term partnerships, similar business models, and cultural alignment for mutual... Type: Article Category: Construction Eurozone construction industry rebounds 20 February 2024 December sees recovery in Eurozone construction output (CW Group) [PAID={"id":"15,16,17","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]According to RTT News, Eurozone construction output rebounded in... Type: Article Category: Construction Metsä partnership with Valmet for Yankee coating 20 February 2024 Partnership with an eye on enhanced quality and production reliability (CW Group) Metsä Tissue's partnership with Valmet sees another success as they opt for Infinikote-2 for their second Yankee coating, bolstering safety and reliability in production.... Type: Article Category: Europe & Central Asia IOCL initiates pet coke price cut 20 February 2024 for pet coke in February 2024, responding to global market shifts and subdued demand. The move, effective from February 16, sees a reduction of INR 80/tons (t) in the prices of raw petroleum coke (RPC). This follows the initial adjustment on February 7,... Type: Article Category: Pricing Buzzi Unicem USA partners with Electrified Thermal Solutions 19 February 2024 potential deployment sites. As carbon emissions decline in power generation and transportation, the heavy industry sees a rise in emissions. Industrial heat processes, responsible for approximately 20 percent of global greenhouse gas emissions, heavily... Type: Article Category: Environment Azerbaijan oil refinery production decrease 15 February 2024 January sees reduction in key fuel outputs in Azerbaijan (CW Group) According to the State Statistics Committee, fuel production at the Azerbaijan Oil Refinery experienced a decline last month, with notable decreases in key automotive fuels. In January... Type: Article Category: Production Uzbekistan sees growth in petroleum coke production 15 February 2024 The surge in Uzbekistan's petroleum coke output signals industry growth (CW Group) Uzbekistan's robust industrial sector achieved a significant milestone, producing 59,000 tons of petroleum coke from January to December 2023. The data, sourced from... Type: Article Category: Production CEMEX and Orcan Energy extend waste heat recovery partnership 15 February 2024 allowing adaptation to plant changes and facilitating carbon emission reduction. Andreas Sichert, CEO of Orcan Energy, sees the collaboration as a testament to CEMEX's forward-thinking strategy and commitment to achieving net-zero emissions. This... Type: Article Category: Environment West Fraser Timber underwent transformation in 2023 15 February 2024 such as housing affordability and the growing adoption of mass timber. Despite near-term market volatilities, West Fraser sees opportunities in its European product line, particularly with OSB substitution for plywood. However, challenges such as... Type: Article Category: North America Varma and OP Finland invest in ESL Shipping 13 February 2024 by OP Finland Infrastructure LP increases to EUR 45 million. The transaction, originally announced on November 8, 2023, sees Varma's investment made with the same valuation and terms agreed between Aspo and OP Finland Infrastructure. Following the... Type: Article Category: Equipment & technology Argentina sees boost in wheat production 13 February 2024 Argentina surprises with bumper crop (CW Group) [PAID={"id":"12,13,14","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]In a recent report by Abitrigo, the outlook for global wheat prices shifts as... Type: Article Category: Markets & trade ACC and Ambuja to sell Sanghi Industries' cement 13 February 2024 10 percent above production costs. Notably, this rate is considerably lower than the industry norm, which typically sees pricing at 25-30 percent above production costs. Ambuja Cements, a subsidiary of the Adani Group, made a strategic move by acquiring... Type: Article Category: Markets & Competition Novoulyanovsk plant revives cement production 09 February 2024 a six-year hiatus, CEMROS, the holding company, is reviving cement production in Novoulyanovsk. Ulyanovskcement sees a surge in employment opportunities, welcoming back families to their roots and attracting skilled professionals from neighboring... 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