Cement News tagged under: Weekly Newsletter
Adani Group refutes allegations of fraud21 November 2024, Published under Cement NewsAdani Group has strongly refuted the allegations made by the US Department of Justice and the US Securities and Exchange Commission against its chairman Gautam Adani, and other executives, in connection with a multibillion-dollar fraud scheme. US authorities allege that Gautam Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about US$265m in bribes to Indian government officials to obtain contracts expected to yield US$2bn of profit over 20 years, and deve... |
Sale of Loma Negra on track to be completed21 November 2024, Published under Cement NewsLoma Negra , Argentina, moves closer to a new Brazilian owner. The sale of Loma Negra has added a new chapter and seems to be more on track to completion. The Argentinean company informed, through a statement to the Buenos Aires Stock Exchange of a new extension until 16 December, of the exclusivity period to negotiate its sale to Companhia Siderurgica Nacional (CSN). After almost a year of negotiations, sources close to the operation were confident that this time it could be the definit... |
US group offers US$500m for Cementos Bío Bío21 November 2024, Published under Cement NewsChile-based Cementos Bío Bío revealed that on 29 May it received an offer from US group Mississippi Lime Co to acquire 100 per cent of the company and that the shareholders are negotiating the sale of the company. The offer, for almost US$500m, was reported in an essential fact filled with the Financial Market Commission 30 May. However, the board decided to make the information public because a shareholder of Bío Bío, Peruvian company Yura , gave an offer last week for 20 per cent of... |
ICG launches fourth cement plant in Kazakhstan19 November 2024, Published under Cement NewsSingapore’s Mainboard-listed International Cement Group (ICG) has inaugurated its fourth integrated cement plant, Korcem, in Kazakhstan’s Jambyl Region. The US$153m facility, located in Korday District near Almaty and the Alatau Special Economic Zone (SEZ), adds 1.5Mta of capacity, bringing ICG’s total production capability to 5.5Mta. The Korcem plant further establishes ICG as the largest producer of new dry process cement in Kazakhstan, bolstering its leadership in Central Asia’s ceme... |
IEEE-IAS/PCA Cement Conference 202518 November 2024, Published under Cement NewsThe 2025 IEEE-IAS/PCA Cement Conference and Exhibition will be held in Birmingham, Alabama between 4-8 May 2025. For more information, visit: IEEE 2025 |
Cimsa secures US$70m green loan from IFC for sustainability initiatives18 November 2024, Published under Cement NewsTürkiye-based cement manufacturer Cimsa , a unit of Sabanci Holding , has secured a US$70m green loan from the International Finance Corporation (IFC), a member of the World Bank Group. The loan, announced on 4 November, has a five-year maturity, including a two-year grace period for principal repayments. This marks Cimsa’s first green loan, highlighting its commitment to sustainable financing. The funds will be allocated towards renewable energy projects, alternative fuel adoption, a... |
CBMI to build calcined clay plant in Cote d'Ivoire15 November 2024, Published under Cement NewsCBMI has signed an EPC contract with CIMCI for a 1200tpd clay suspension calcination line and 500,000tpa cement grinding project in Côte d'Ivoire. CBMI has successfully signed a contract with Yeshi Group's CIMCI for its first clay calcination line in Côte d'Ivoire, set to be the largest a single suspension clay calcination line in the world. This groundbreaking project will use CBMI's self-developed suspension calcination technology to significantly boost energy efficiency, reduce consumpti... |
US cement sales drop sharply in August14 November 2024, Published under Cement NewsTotal shipments of Portland and blended cement, including imports, in the USA and Puerto Rico amounted to 9.926Mt in August, down 8.9 per cent YoY from the 10.901Mt recorded in August 2023, according to data published by the US Geological Survey (USGS). Excluding for sales to Puerto Rico and overseas territories, cement consumption in the US fell 8.8 per cent YoY to 9.804Mt, down from 10.752Mt a year earlier. The key consuming states were, in descending order, Texas, California, Florida, O... |
Yura announces bid to acquire stake in Cementos Bío Bío14 November 2024, Published under Cement NewsYura Chile SA, part of Peru's Yura (Gloria Group) has announced the start of a public offer for the acquisition of shares in Chile to purchase a stake of up to 20.059 per cent of Cementos Bío Bío SA (CBB). Yura plans to acquire a maximum of 53m shares of the Chilean cement producer at a price of CLP1092.10/share. The offer will be open for a period of 30 days – until 13 December 2024. The bid for CBB is part of the Gloria Group's regional expansion strategy. The group seeks to establish ... |
Cemtech Live Webinar: The future of Green Cements13 November 2024, Published under Cement NewsCemtech Live Webinar: The future of green cements Date: Wednesday, 04 December 2024 Time: 14:00 UK (GMT) Register for free: https://us02web.zoom.us/webinar/register/WN_Sr_1XBYeTJ-rha07ARNxmA Embracing green cements is key to reducing the cement industry’s carbon footprint and driving sustainability in construction. This webinar will delve into the latest innovations in green cement, including the use of advanced additives, alternative raw materials, and optimised combustio... |