Cement News tagged under: corporate
Lafarge faces new terrorism lawsuit20 December 2023, Published under Cement NewsHundreds of Yazidi Americans have launched a lawsuit against Lafarge, accusing it of supporting violence carried out by ISIL (ISIS). According to Aljazeera news, the cement producer is accused of abetting violence and terrorism by providing supplies for the construction of tunnels and prisons. The lawsuit was filed in New York on 14 December, led by Nobel Peace Prize winner Nadia Murad. The lawsuit reportedly states that Lafarge “aided and abetted ISIS’s acts of international terrorism a... |
Ambuja Cements appoints new CHRO20 December 2023, Published under Cement NewsAmbuja Cements has appointed Manoj Kumar Sharma as its new chief human resources officer (CHRO), effective from November this year. In his new position, Mr Sharma will be responsible for succession planning, HR transformation, leadership development, HR strategy, executive coaching, and talent management. He joins Ambuja from Adani Electricity where he held the role of senior executive vice president of Human Resources. He has also previously worked at Adani Green Energy, Adani Po... |
Saint-Gobain makes first move into Ecuador19 December 2023, Published under Cement NewsSaint-Gobain has entered into an agreement to acquire a majority stake in IMPTEK Chova del Ecuador, a leading player in the construction chemicals market in Ecuador, providing differentiated and innovative waterproofing solutions. This will be Saint- Gobain’s first manufacturing presence in the country. With expected revenues of around EUR30m in 2023, operating one plant in the region of Quito and employing about 120 people, IMPTEK is a leader in the Ecuadorian construction market, off... |
Holcim launches Phoenix, 3D-printed bridge19 December 2023, Published under Cement NewsHolcim has launched Phoenix, the first-of-its-kind 3D-printed concrete masonry bridge built using 10t of recycled materials, at its Innovation Hub in Europe. Using its proprietary ECOCycle® circular technology, Holcim developed a custom concrete ink for Phoenix with recycled materials inside. Phoenix demonstrates how circular construction combined with 3D concrete printing can enable low-carbon infrastructure applications. Circular construction, using computational design and 3D print... |
Sika opens new technology centre in China19 December 2023, Published under Cement NewsSika has significantly expanded its research and development capacities in the Asia/Pacific region and opened a new, state-of-the-art technology centre in Suzhou, China. According to the company, although the facilities at the new Technology Center comprise cutting-edge laboratories for the development of adhesives and sealants, research infrastructure has also been established for concrete admixtures and CO 2 reducing cement technologies. The centre will also focus on research into mate... |
CRH proposal to acquire Adbri18 December 2023, Published under Cement NewsCRH has entered into an agreement to acquire Adbri Ltd . Under the proposal, CRH would partner with Australian family-owned business, Barro Group, which has an approximately 43 per cent share in Adbri. CRH currently has a 4.6 per cent interest in the company via a cash settled derivative and would acquire the remaining approximately 57 per cent of Adbri’s shares not owned by Barro with the intention to delist Adbri from the Australian Securities Exchange (ASX). CRH and Barro have submi... |
Ambuja Cements announces green power investment18 December 2023, Published under Cement NewsAmbuja Cements has announced plans to invest INR60,000m (US$723m) in renewable energy, resulting in green power accounting for 60 per cent of its energy requirements. According to the company, 1000MW of solar and wind power projects are planned, including a 600MW solar power project and a 150MW wind project in Gujarat, along with a 250MW solar power project in Rajasthan. This will be achieved by FY25-26 in addition to the company’s existing 84MW of solar and wind power. Ambuja is also ... |
Adani Group commits to investment in Bihar15 December 2023, Published under Cement NewsThe Adani Group has announced plans to invest an additional INR87,000m (US$1046m) in the Indian state of Bihar. The money will be spent across a number of sectors, including its cement business. So far Adani has invested around INR8500m in the Bihar region but plans to create an additional 10,000 jobs in the state through its spending plans, according to The Telegraph. “Bihar is now an attractive investment destination in the country. We are currently present in logistics, gas distribu... |
Bangladesh's foreign and local cement firms report mixed financial results in 1QFY2415 December 2023, Published under Cement NewsThe Bangladesh foreign and local cement firms listed at the Dhaka Stock Exchange (DSX) improved their earnings in the July-September quarter of FY23-24, overcoming challenges stemming from rising energy costs and the depreciation of the taka currency against the dollar during this accounting period. According to local media, the cement makers partially offset additional costs by boosting sales prices and taking advantage of the recent reduction in raw materials prices in the global market. ... |
Hoffmann Green to build new plants in Florida15 December 2023, Published under Cement NewsHoffmann Green has signed an agreement with a partner that defines the main points of an exclusive licensing agreement to build several Hoffmann manufacturing units in Florida, USA. The Inflation Reduction Act (IRA), a major US$370bn investment plan voted in 2022 in the USA, is designed to fund, over 10 years, the country’s energy transition and achieve the goal of cutting greenhouse gas emissions by 50 per cent in 2030 compared with 2005. Hoffmann Green and a partner have been engag... |