Japan: Asahi Concrete Works raised its sales by 1% year-on-year from US$21.4m in the first half of 2023 to US$21.6m in the first half of 2024. This helped its net profit to grow by 22%, from US$1.50m to US$1.83m.
Ready-mix concrete plants in Mumbai face possible closure orders
India: Environmental organisation Earth NGO has filed a public interest litigation petition for the closure of ready-mix concrete plants operated by Dev Infra, JSW Green Cement and Shri Lalit Nagpal in Mumbai’s Chembur and Govandi suburbs. The Free Press Journal newspaper has reported that Earth NGO alleges that the plants are failing to comply with air pollution rules, including by being situated close to residential buildings and a hospital.
The Maharashtra Pollution Control Board previously closed down one of the plants temporarily following protests in 2023. This reportedly led to a decline in pollution levels.
Fujairah Building Industries raises sales and profit in first nine months of 2024
UAE: Fujairah Building Industries’ sales rose by 14% year-on-year to US$40.4m in the first nine months of 2024, from US$35.4m in the corresponding period of 2023. As a result, the producer grew its net profit by 39%, from US$3.31m to US$4.61m.
Cematrix secures new contracts worth US$4.45m
Canada: Cellular concrete products company Cematrix has closed US$4.45m in new supply deals since July 2024, GlobeNewswire has reported. The contracts all cover projects in North America, most of which are scheduled for completion later in 2024.
President and CEO Jeff Kendrick said “With the addition of these new contracts, net of sales to the end of September 2024, our current backlog now stands at US$53.6m."
