Cement News tagged under: corporate
Holcim's ECOCycle® recognised by World Economic Forum16 January 2024, Published under Cement NewsHolcim ’s ECOCycle ® circular technology has been named a “Circularity Lighthouse in the Built Environment”, in a joint initiative between McKinsey & Company and the World Economic Forum announced at this year’s annual meeting in Davos. The Circularity Lighthouse designation recognises pioneering solutions that demonstrate a novel, distinctive circularity approach, proven and substantial impact and value, with significant scale and maturity. Circularity in the built environment has the pot... |
Unique Cement launches new blended cement16 January 2024, Published under Cement NewsBangladesh-based Unique Cement Industries Ltd (UCIL) has launched a new blended cement: Dhalai Special Cement. The blended cement, which is being released to the domestic market, offers 25 per cent more sturdiness compared to PCC cements, according to the company, making it particularly suitable for casting roofs, floors, columns and beams. UCIL says that the new cement ensures 50 per cent of 28 days sturdiness of PCC cement in just two days, and 85 per cent sturdiness in the first sev... |
UltraTech invests in renewable energy specialist15 January 2024, Published under Cement NewsUltraTech Cement has entered into a share subscription and shareholders’ agreement to acquire a 26 per cent stake in Amplus Ages Pvt Ltd, a specialist in the generation and transmission of renewable energy. "The acquisition is for the purposes of meeting the company's green energy needs, optimising energy cost and comply with regulatory requirements for captive power consumption under electricity laws," said UltraTech Cement. The acquisition, which represents an investment of INR... |
IFC invests US$130m in Iraq's Al Douh Cement15 January 2024, Published under Cement NewsIFC is investing in Al-Douh Iraqi Company for Cement Industries (part of Al-Riyadh Investment Companies Group) to help boost economic diversification and improve sustainable growth in Iraq. IFC is providing a financing package of up to US$130m in long-term debt to Al-Douh. The financing will enable Al-Douh to expand its cement production capacity by 1.9Mta to reach overall production of approximately 3Mt of cement by the end of 2025. Of the total financing provided, up to US$25m will be... |
Holcim completes three European acquistions15 January 2024, Published under Cement NewsHolcim has completed three bolt-on acquisitions in Europe, expanding its Solutions & Products portfolio for green growth. In Spain it has acquired a majority stake in Artepref SA, a fast-growing leader in innovative precast concrete solutions. In Greece Holcim has bought WATT Recycling, a leading waste management company that produces alternative fuels. Meanwhile, in the UK Holcim has entered the advanced mortar solutions market through its acquisition of Eco-Readymix Ltd. According to... |
Sika posts record sales in 202312 January 2024, Published under Cement NewsSika reports record sales of CHF11.24bn in 2023, up 7.1 per cent YoY in Swiss franc terms and 14.5 per cent in local currency terms. There was a high negative foreign currency effect of -7.4 per cent due to the sharp appreciation of the Swiss franc. Thomas Hasler, Sika's CEO, said: “Sika has once again proved its resilience over the past 12 months. Thanks to our well-functioning business model, our high level of innovation, and the strong commitment of our 33,000 employees around the world... |
JSW Cement prepares for IPO11 January 2024, Published under Cement NewsJSW Cement has reached out to domestic and foreign investment banks including SBI Capital, Kotak Mahindra Capital, JM Financial, DAM Capital, Jefferies, Citi and Goldman Sachs for advising the company on the proposed initial public offering. JSW Group is preparing the ground for listing its cement business on stock exchanges to raise about INR65000m (US$782.9m), according to The Hindu businessline. With the intense competition and consolidation in the industry, JSW Cement plans to utili... |
Sublime Systems to launch first cement plant10 January 2024, Published under Cement NewsUS-based Sublime Systems, a developer of low-carbon cement, has announced plans to build its first cement plant. The facility, located in Holyoke, Massachusetts, will have a production capacity of 30,000tpa and is expected to come on stream in 2026. According to the company, the plant will produce “the only fossil-fuel-free, scalable, drop-in replacement for traditional cement in concrete.” Sublime uses an electrochemical process that entirely bypasses the need for extreme heat, typica... |
Hoffmann Green signs housebuilding contract10 January 2024, Published under Cement NewsFrance-based Hoffmann Green Cement Technologies , a manufacturer of clinker-free cement, has announced the signing of a partnership until the end of 2027 with Groupe Trecobat, the fourth-largest builder of single-family homes in France. This partnership with Hoffmann Green will enable Groupe Trecobat to reinforce its low-carbon strategy by taking advantage of Hoffmann’s clinker-free cements for the construction of Trecobat Green homes . For Hoffmann Green, this marks the first partn... |
FCT Combustion appoint European and African sales manager10 January 2024, Published under Cement NewsFCT Combustion has appointed Átila Soares as its sales manager for Europe and Africa. Átila will be based in the company’s office in Vienna, Austria. Átila was previously at the AUMUND Group, where he has held several roles over the past 18 years, including sales manager for the past seven years. He also holds a Mechanical Engineering degree from Faculdade de Engenharia Industrial (FEI), Brazil. FCT Combustion is pleased to have Átila on the team to support the company’s ongoing growt... |