09 May 2022

Thailand: Siam City Cement recorded consolidated sales of US$363m in the first quarter of 2022, up by 21% year-on-year from first-quarter 2021 levels. The group’s net profit fell by 25% to US$23.2m from US$30.7m.

Denmark: GE Renewable Energy has invested in a minority stake in COBOD International. The companies said that the investment will build on their existing relationship since 2019. GE Renewable Energy chose COBOD International as the global market leader in 3D printing technology, which experienced double-digit growth in 2020.

GE Renewable Energy advanced manufacturing technology leader Matteo Bellucci said “This agreement, which will further strengthen our ability to use COBOD’s 3D printing technology and competences in the renewable energy space, is another sign of our commitment to help drive the energy transition by investing in technology that promotes a more sustainable, circular design strategy and helps to create local jobs.” He continued “Since we started cooperating with COBOD, the company has continued to improve their technical competence and innovative solutions, reinforcing the benefits of solidifying the relationship between our companies.”

France: Holcim has completed its acquisition of the French speciality building solutions producer PRB Group. The leading cement producer outside of China said that the acquisition will accelerate its transformation into a 30% solutions and products company in sales terms by 2025.

Europe, Middle East and Africa regional head Miljan Gutovic said “I warmly welcome all members of the PRB Group into the Holcim family. I’m excited about the outstanding expertise and passion they bring to our team in France. This is another exciting step in the expansion of solutions and products in the highly attractive repair and refurbishment market. We look forward to unleashing our next era of growth together to make cities greener with more energy-efficient and long-lasting buildings.”

India: Visaka Industries has commissioned a new line at its Raebareli asbestos cement roofing sheets plant. Indiainfoline News Service has reported that the line has a capacity of 100,000t/yr.