India: Shaurashtra Cement's results for the first quarter of its 2023 financial year have shown a 30% year-on-year increase in the company's revenues to US$26.9m from US$20.6m in the first quarter of the previous financial year. Meanwhile, it recorded a US$128,000 net loss, compared to a US$1.61m profit in the first quarter of the 2022 financial year.

China: China National Building Material subsidiary Gansu Qilianshan Cement recorded an operating income of US$581m in the first half of 2022, up by 20% year-on-year from US$485m. Despite this, the producer's net profit during the half declined by 16% to US$73.7m.

Taiwan: Taiwan Cement recorded sales of US$1.67bn in the first half of 2022, up by 2.5% year-on-year from US$1.62bn in the first half of 2021. The group's cement segment increased its sales revenues during the half by 8.2% to US$1.42bn from US$1.31bn. Cement thus contributed 86% of revenues during the period. Net income attributable to the company's shareholders during the half totaled US$251m, down by 5.1% US$264m.

India: The board of directors of UltraTech Cement has approved the addition of an extra 22.6Mt/yr-worth of cement production capacity across the company's footprint. The new additions will span all of India and consists of both new plant builds and expansions. New capacity will commence production in a phased manner from mid-2024. UltraTech Cement expects to invest US$1.61bn in the growth phase.

Chair Kumar Mangalam Birla said "The Aditya Birla Group’s pace of activity, range of businesses and depth of global presence provide a useful compass to navigate this age of disruption. Against the backdrop of our long history as a group, dynamism leaps out as a common theme. Over the years, we have witnessed multiple business cycles. Across businesses and markets, our evolution is a story of continuous renewal and regeneration, as we aggressively invest in growth and create long-term value for all stakeholders."