September 2024
China: Tianshang Jidong Cement will list and circulate 5% of its shares on 14 July 2022. The producer has the approval of the China Securities Regulatory Commission to raise funds of US$298m from the sale to support its merger with BBMG East Cement.
Burundi: The government of Burundi says that it is ready to sign a credit letter with Dangote Cement for the establishment of a cement plant in the country. In this way, the government hopes to provide a long-term solution to the on-going national cement shortage. In the meantime, the government urged Dangote Cement to devise ‘modalities for the supply of construction materials’ into the country.
Burundian delegates at a meeting with Dangote Cement on 8 July 2022 said that Northwest Burundi is endowed with abundant limestone reserves.
Palpa Cement Industries exports cement to India 11 July 2022
Nepal: Palpa Cement Industries has exported cement produced at its 3000t/day Sunwal cement plant to India. Indo-Asian News Service has reported that the shipment consisted of 3000 bags of the company’s Tansen brand cement. The producer says that it will continue with daily despatches to India, subject to demand.
The Nepal government offers 8% subsidies to cement exporters which use Nepali raw materials.
Holcim Romania acquires General Beton Romania 11 July 2022
Romania: Holcim Romania has announced its acquisition of independent ready-mix concrete market leader General Beton Romania. The latter operates eight batching plants with a total of 160 employees. Its markets include Arad, Bucharest, Constanta and Sibiu. Holcim Romania says that it plans to use the acquisition to grow its ECOPact green concrete’s footprint.
Europe, Middle East Africa regional head Miljan Gutovic said “General Beton provides an excellent addition to our strong and diversified ready-mix concrete operations. Over more than two decades, General Beton has been a long-standing Holcim partner as well as a growing and highly successful business. I am delighted to welcome them to the Holcim family.”
Argentina: Holcim Argentina says that it will invest US$40m in capital expenditure in 2022. It plans to invest US$15m in its cement and concrete operations and US$15m in subsidiary Geocycle's three waste management plants, which supply alternative fuel for its cement production. Of the remainder, US$5m will go towards the construction of a new dry mortars plant in Córdoba, which the company plans to inaugurate in December 2022.
Schwenk Latvija commissions Broceni grinding plant 08 July 2022
Latvia: Germany-based Christian Pfeiffer says that it has successfully commissioned the new Broceni grinding plant for Schwenk Latvija. The supplier said that the plant is able to produce cement up to a fineness of 5600 Blaine and is one of the most sustainable grinding plants in Europe.
Schwenk Latvija previously announced a planned investment of Euro34m in a new 170t/day mill and a 12,500t silo at the site of its former Broceni integrated cement plant.
China: Conch Cement has explained that neither its subsidiary Xuancheng Conch, nor any officers of the company, are subject to investigation or penalties for tax evasion. The producer said that a local media outlet had reported false allegations to this effect.
Conch Cement said "Xuancheng Conch has met all payment obligations for taxation in strict compliance with the relevant laws and regulations of the People's Republic of China."
Popular Cement Industries wins Sindh mine case 08 July 2022
Pakistan: Popular Cement Industries has won a court case against Gatron Group, which the cement company claimed was intruding upon a mine held under lease by it. The Business Recorder newspaper has reported that Gatron Group began construction of a partition wall across the mine. The judge ruled that Popular Cement Industries inherited its lease from Dadabhoy Cement in 1986.
UK: Holcim subsidiary Aggregate Industries has invested in a new monitoring system from Envirosuite for its Cauldon cement plant in Staffordshire. Called EVS Omnis, the cloud-based environmental management software will collate complex environmental information from surrounding sites outside the plant to facilitate proactive monitoring and management of its impacts. The producer expects to commission the system later in 2022.
Sustainability director Kirstin McCarthy said “Understanding the environment we operate in and the impact we’re having is integral to our business strategy and our commitment to building progress towards a more sustainable construction industry. We know that noise and dust can have an impact on surrounding communities, which is why we’re extremely proud to become the first cement plant in the world to commit to using a complete monitoring solution. EVS Omnis will allow us to continuously monitor at key community locations, 365 days a year. This will help us to not only better understand our operations within the local community but also give us insights into our processes to proactively manage them.”
Colombia: Grupo Gilinski has abandoned its plan to buy a 26% stake in Grupo Argos. Grupo Argos shareholders reportedly offered the prospective buyer an 11% stake in the group on 6 July 2022. This fell below the minimum stake for the tender offer.