Cement News tagged under: corporate
Saint-Gobain to acquire FOSROC28 June 2024, Published under Cement NewsSaint-Gobain has entered into a definitive agreement to acquire FOSROC, a leading privately-owned global construction chemicals player for US$1025m in cash. Following the acquisitions of Chryso in 2021, GCP in 2022 and 33 additional acquisitions since 2021, this move is a new strategic step in establishing Saint-Gobain’s worldwide presence in construction chemicals, which will have combined sales of EUR6.2bn across 73 countries following the acquisition (pro forma). FOSROC is a global ... |
Lebap plant increases production in 4M2428 June 2024, Published under Cement NewsIn the January-April 2024 period, the Lebap cement plant in Koytendag, Turkmenistan, produced 295,200t of product with a total value of TMT59m (US$16.9m), up from last year, according to Trend. Of this total, approximately 17,800t was exported. Owned by Turkmen Cement , the Lebap plant has a total clinker capacity of 6000tpd, following the commissioning of a second 3000tpd line in 2023. The plant is located in eastern Turkmenistan, near the border with Afghanistan. |
Atlantic Group to open new plant in Madagascar28 June 2024, Published under Cement NewsAtlantic Group has laid the foundation stone on a new cement plant in Tamatava, Madagascar. This latest project forms part of the cement producer’s plans to develop its activities in the region, reports FratMat.Info. The new plant will have a cement production capacity of more than 500,000tpa and is expected to begin operations in the second quarter of 2025. To help protect the local environment, Atlantic has said that it intends to use cutting-edge technology to reduce the facility’s ... |
EBRD finances Çimsa's decarbonisation programme27 June 2024, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) is providing a EUR25m loan to Turkey’s Çimsa to finance the cement company’s decarbonisation investment programme. The proceeds of the loan will fund the installation of a solar power plant, a waste heat recovery plant, a new silo and resource-efficiency process, and technology upgrades at the company’s Eskisehir plant. The EBRD is committed to align its activities with the goals of the Paris Agreement on climate change. W... |
Shree Cement achieves 1GW renewable energy capacity27 June 2024, Published under Cement NewsIndia-based Shree Cement Ltd has reached 1GW of renewable energy capacity following the commissioning of the company’s 19.5MW solar power plant at factory in Andhra Pradesh. The milestone includes solar, wind, thermal and waste heat recovery power plants. The company has invested INR40bn (US$478.6m) to expand its renewable energy portfolio, representing almost half of its total installed power capacity. In FY24-25 it plans to invest an extra INR10bn to further expand renewable capacity.... |
Holcim invests in Travertine to advance decarbonised cement and circularity27 June 2024, Published under Cement NewsVia its corporate venture capital and open innovation unit MAQER Ventures, Holcim has invested in Travertine to apply the start-up’s proprietary circular technology to the decarbonisation of cement. The new technology binds CO 2 from direct air capture to advanced mineral components, sequestering carbon. Nollaig Forrest, Holcim chief sustainability officer, said: “We’re excited to work with innovative startups like Travertine to advance our goal of making decarbonised cement and concret... |
Cementos Molins appoints new CEO27 June 2024, Published under Cement NewsCementos Molins SA has appointed Marcos Cela as its new CEO. Marcos Cela holds a degree in business management by the University of Barcelona, an MBA by ESADE Business School and a PADE senior management programme by IESE Business School. He developed his career at Decathlon Spain and Bic Graphic Europe, joining Molins in 2004 as finance director, a position he held until 2014. From that date until today, he has been a member of the Executive Committee responsible for the regions of Asia, ... |
Mondi and Cemex launch SolmixMix bag in Spain27 June 2024, Published under Cement NewsMondi, a global leader in sustainable packaging and paper, has announced the Spanish launch of its ground-breaking SolmixBag in collaboration with Cemex , by bringing it to the building industry on the Balearic Islands of Ibiza, Mallorca and Menorca. Cemex and Mondi began working together on SolmixBag in 2021 when Cemex was looking for a sustainable cement bag to meet legal requirements on the Spanish islands regarding landfilling and incineration of waste, as well as drive its own sust... |
Heidelberg Materials appoints new MD of Midland Quarry Products27 June 2024, Published under Cement NewsAndrew Boileau has been appointed managing director of Heidelberg Materials’ UK-based asphalt and quarrying business MQP (Midland Quarry Products). He replaces Rick Green, who has retired after a 40-year career in the industry, taking responsibility for MQP’s three quarries and 10 asphalt plants located across the Midlands region. Mr Boileau has extensive leadership experience within the construction industry, latterly as programme director for STARK Building Materials. He has also held... |
UltraTech proposes reduced cash offer for RAK White shares26 June 2024, Published under Cement NewsThe UAE Securities and Commodities Authority has approved the strategic decision of Aditya Birla Group -owned UltraTech Middle East Investment’s regional operations. This decision involves reducing the size of its cash offer component for an additional stake in Ras Al Khaimah Co for White Cement & Construction Materials , a move that is expected to strengthen the company’s position in the market. According to local media, instead of putting up cash for 31.6 per cent in the RAK entity, ... |