
October 2025
CRH continues share buyback programme 04 January 2022
Ireland: CRH says that it completed a further phase of its share buyback programme in late December 2021 with the acquisition of shares worth US$300m. The figure brings the company’s total investment in its on-going share buyback programme to US$2.9bn since it started in mid-2018. CRH has now launched the next phase of the programme, to continue until March 2022, during which time it plans to acquire a further US$300m-worth of its shares. France-based financier Societe Generale will act as principal for the repurchases on the Euronext Dublin exchange.
Hebei province to replace 1000 polluting factories before 2026 04 January 2022
China: Hebei province will screen out a total of 1000 existing factories for replacement with less-polluting alternatives under the Chinese government’s 14th Five Year Plan, which covers the period up to the end of 2025. The Xinhua News Agency has reported that factories, including cement plants, will undergo upgrades in order to conform to the plan’s emissions restrictions or close down. The province currently has a total of 233 green factories. Under the 13th Five Year Plan, which concluded in 2020, it reduced its installed cement production capacity by 12Mt/yr.
Police rescue ACC executive’s child following ransom attempt 04 January 2022
India: The nine-year-old son of an ACC executive has returned home after being kidnapped in Bargarh, Odisha. The child was playing locally on the evening of 2 January 2022 when two men on a motorcycle abducted him, according to the New Indian Express newspaper. They left a ransom note demanding around US$13,400 for his return. Following a search, police found the boy roaming the countryside shortly before midnight on the same day. They believe the assailants abandoned their plans after learning that the authorities had effectively prevented their escape by sealing the local area. The hunt for the suspects continues.
India: ACC has been awarded a five star rating for sustainable mining by the Ministry of Mines. Pralhad Joshiand, the Union Minister of Coal, Mines and Parliamentary Affairs of India, and Raosaheb Patil Danve, the Honourable Minister of State for Ministry of Mines, Coal and Railways, presented ACC with the award at the fifth National Conclave on Mines and Minerals held in Delhi.
The award is a recognition of the company’s efforts towards sustainable mining at the Govari Limestone Mine, the Wadi Limestone Mine, the Gagal Limestone Mine, the Jamul Limestone Mines and the Kymore Limestone Mines from amongst 1029 mines in all over India. The mines were rated from one star to five star on the criteria including: mining methodology; resettlement and rehabilitation issues; community engagement; use of green energy sources, digitisation; and data reporting.
Rajat Prusty, the Chief Manufacturing Officer of ACC, said, “Sustainability is deeply embedded in ACC’s business model. It’s a proud moment for the company to be recognised for its efforts in sustainable mining.”
Al Jouf Cement signs ecology agreement 31 December 2021
Saudi Arabia: Al Jouf Cement has signed a cooperation agreement with the National Center for the Development of Vegetation Cover and Combating Desertification to rehabilitate vegetation cover. The arrangement is intended to reduce desertification and restore biodiversity in natural environments in line with the country’s 2030 vision. Prince Faisal bin Khalid bin Sultan, Governor of the Northern Borders Region A attended the signing ceremony.
Bashundhara Cement to supply cement for Dhaka road project 30 December 2021
Bangladesh: Bashundhara Cement has signed an agreement with China-based Fifth Major Bridge Engineering to supply cement for the Dhaka Ashulia Elevated Expressway. The 24km road will connect Shahjalal International Airport to the Dhaka Export Processing Zone, according to the Daily Sun newspaper. Chinese investors will fund 65% of the estimated cost of the project under Preferential Buyer’s Credit. Bangladesh will have to repay the costs within 20 years, with 2% interest rate and a grace period of five years. Bashundhara cement products are also being used in 14 large scale bridge projects, 11 power plants, and water and sewage treatment plants.
Nepal: The Nepal Electricity Authority (NEA) has agreed to supply ten industrial users, including cement producers, with an additional 151MW of electricity as part of a drive to increase domestic consumption. The cement producers concerned include Maruti Cement, Huaxin Cement, Hongshi Shivam Cement and Arghakhanchi Cement, according to the Republica newspaper. The other industrial users are mostly steel producers. In addition another 111MW is in the final stages of being allocated by the NEA to seven other industrial plants and a further 99MW has been identified for further distribution to industrial users. The government-supervised power supplier and distributor has identified around 500MW of wasted electricity supply due to low domestic consumption and a lack of transmission lines.
Melón seeks pozzolana supply for cement plants 29 December 2021
Chile: Melón has filed an Environmental Impact Statement with the authorities in Santiago for a project to extract pozzolana at a site at Culiprán in Melipilla. The deposit has total reserves of 20Mt and an extraction rate of 0.4Mt/yr is anticipated, according to Minería Chilena. Pozzolana from the site would be used to supply Melón’s cement plants at La Calera and Ventanas
MAN Energy Solutions to supply compressor system for Norcem carbon capture and storage unit 29 December 2021
Norway: Germany-based MAN Energy is supplying a compressor system for a carbon capture and storage (CCS) unit being built at Norcem’s Brevik cement plant. The scope of supply includes an RG 63-7 type electrically-powered compressor train. The steam generators cool the CO2 mixture between the compressor stages and generate steam that is in turn used for capture. The project will be the first to use the ‘Carbon Capture Heat Recovery’ technology (CCWHR) developed by MAN and Aker Carbon Capture. This new process allows the heat emerging from the compressor system to be recovered and used as steam to meet approximately one third of the total heat demand from the Aker Carbon Capture plant. Consequently, MAN says that the system solution demands less energy compared with conventional carbon-capture technologies.
Alexander Sobolyev, Head of Standardisation & Solutions at MAN Energy Solutions, said: "As part of the Norcem project, the digital-twin-based engineering approach of MAN Energy Solutions has led to concrete optimisations. The dynamic process simulation showed that originally planned system components, including heating, valves and additional pipes for safe plant operation, were not required. The time taken for a cold start of the plant can thus be reduced from around 12 hours to 20 minutes – an important characteristic as quick-start capability is always a central criterion for renewable energies."
Zambezi Portland Cement facing renewed legal battles over ownership 28 December 2021
Zambia: Zambezi Portland Cement is facing fresh legal proceedings over its ownership. The Lusaka Times newspaper reports that proceedings at the Court of Appeal are ongoing against businessman Phesto Musonda. Musonda, a former director of the company, allegedly attempted to take control of part of the company’s plant in September 2021. Unrest has also been reported at the cement producer’s plant with youths throwing stones at workers.
The current owners of Zambezi Portland Cement, the Ventriglia family, previously won a 10-year battle of control of the company against businessman Rajan Mahtani. In 2018 the High Court of Zambia awarded the family full ownership of the business.