September 2024
Suez Cement appoints Grant Thornton Financial Consulting as financial advisor ahead of share evaluation 07 October 2020
Egypt: Suez Cement has approved the appointment of Grant Thornton Financial Consulting as a financial advisor as it prepares for a fair value study of its shares. This follows a desire expressed by Heidelberg Cement France, the parent company of Simon France. which directly and indirectly owns 55% of Suez Cement shares, for the submission of a bid to fully buy the company’s shares, according to the Daily News Egypt newspaper. In late September 2020 Suez Cement approved the launch of a tender offer to acquire a 100% stake in its subsidiary, Egyptian Tourah Portland Cement.
MPA launches UK concrete and cement net zero roadmap 07 October 2020
UK: UK Concrete and the Mineral Products Association (MPA) have launched a roadmap for the concrete and cement industry to become net negative by 2050. It plans to do this through decarbonised electricity and transport networks, fuel switching, greater use of low-carbon cements and concretes as well as carbon capture, use or storage (CCUS) technology.
“We have already made significant progress to reduce carbon emissions but are under no illusion about the scale of the net zero challenge,” said Nigel Jackson, chief executive of the MPA. “Achieving this will require the wholesale decarbonisation of all aspects of concrete and cement production, supply and use. The concrete and cement industry as one sector alone cannot deliver net zero and we will only be able to go beyond net zero with concerted support from government, as well as with significant changes across the wider construction, energy and transportation sectors.” He added that the roadmap could be delivered without offsetting emissions, offshoring production facilities or ‘carbon leakage.’
The ‘Roadmap to beyond net zero’ calculates the potential of each technology and the carbon savings which can be achieved. CCUS technology is vital to delivering net zero manufacturing and according to the roadmap will deliver 61% of the required carbon savings. It intends to achieve a net negative industry by 2050 by the ability of concrete to absorb carbon dioxide during use and the thermal properties of concrete in buildings and structures to reduce operational emissions.
The MPA is also lobbying the government for a financial support model including for the capital and operational costs of carbon capture by no later than 2021. This is desired to ensure the technology can be developed, deployed and become an investable proposition in the 2030s.
Hoffmann Green Cement Technologies to supply low-CO2 concrete to social housing project 07 October 2020
France: Social housing developer Immobilière 3F says that it has signed a contract with construction company Groupe GCC for the use of Hoffmann Green Cement Technologies' 78% reduced-carbon dioxide (CO2) emissions concrete for the construction of an 85-unit housing project in Saint-Leu-la-Forêt, Île-de-France.
Groupe GCC says that it participated in the development of the concrete as part of a three-year development partnership agreement with Hoffmann Green Cement Technologies signed in July 2020.
LafargeHolcim celebrates Ebimpé Olympic stadium inauguration 07 October 2020
Ivory Coast: LafargeHolcim Côte d'Ivoire says that it is proud to have contributed 60,000t of its Bélier Extra cement to the construction of the Ebimpé Olympic Stadium. Chief executive officer (CEO) Serge Gbotta said, “It is a real honour for all our teams to see their products accomplish international wonders. This is what we are working hard for. We are satisfied to see that, for its quality, Bélier Extra cement remains undeniably the first choice of construction and public works players.”
Nicknamed the ‘Arc de Triomphe,’ the Olympic Stadium will be the official home of the Ivory Coast national football team.
European court rules against HeidelbergCement and Schwenk Zement acquisition of Cemex Croatia 06 October 2020
Croatia: A European Union (EU) court has ruled in favour of the European Commission’s antitrust veto of Germany-based HeidelbergCement and Schwenk Zement’s 2017 acquisition agreement with Mexico-based Cemex for acquisition of its subsidiary Cemex Croatia. The court said that the deal was anti-competitive in that it had the potential to push up cement prices in Croatia, in spite of HeidlebergCement and Schwenk Zement’s offer to grant other cement suppliers access to a terminal.
Pakistan government grants eight cement plant licences 06 October 2020
Pakistan: Provincial Minerals Minister Hafiz Yasir has issued licences for the construction of eight new cement plants. The News International newspaper has reported that the state has already invested US$244m in one of the plants, and a further US$1.83bn-worth of upcoming cement production capacity will be located in the Punjab, Pakistan’s most populous province.
BUA Cement begins construction of Guyuk plant 06 October 2020
Nigeria: BUA Cement has broken ground at the site of its upcoming 3.0Mt/yr-capacity integrated cement plant in Guyuk, Adamawa State. Governor Ahmadu Fintiri proposed nearby Yola as the site for a second BUA Cement plant in the state, which he said would “further diversify the economy away from sole reliance on petroleum products.”
The company is currently building a 50MW waste heat recovery (WHR) plant in Lamurde, Adamawa State.
Philippines: LafargeHolcim subsidiary Holcim Philippines says that it will “strengthen its commitment to development as a supporter of manufacturing and construction” on Mindenao, where it operates the Davao and Misamis Oriental cement plants, to help the island recover from the economic effects of the Covid-19 outbreak.
Sales senior vice president William Sumalinog said, “We are not slowing down at this time when the government has deemed it essential to continue upgrading infrastructure. Doing so not only raises the level of competitiveness of the manufacturing industry, but also shields the economy from the blows of the pandemic. We remain confident that we are well-equipped to deliver great value and support to builders working to improve the competitiveness of Mindanao’s economy and to all our stakeholders in the region who are united in their dreams of a better Mindanao."
SSI launches new Pri-Max primary shredder 06 October 2020
US: SSI has announced the launch of the Pri-Max, a primary shredder “built to reduce the volume of bulky materials while achieving processing rates of up to 150t/hr.” The product design incorporates new patented technologies, including “a new method for maintenance and replacement of wear parts as well as major assemblies.” The company says that this will “substantially decrease maintenance costs and improves ease of use.”
Director of sales and marketing Dave Fleming said “The Pri-Max is typically the first step in large processing systems, making it a critical component to customer productivity and success. Customers wanted longer service intervals and more flexibility in how they could choose to maintain wear parts in their machines.”
Pakistan: Cement producers sold a record 5.21Mt of cement in September 2020, up by 22% year-on-year from 4.27Mt in September 2019. Exports were 1.12Mt, up by 41% from 790,000Mt. The Pakistan Observer has reported that domestic cement dispatches rose by 27% in northern Pakistan to 565,000t from 446,000t and by 16% in southern Pakistan to 3.52Mt from 3.03Mt.