Displaying items by tag: GCW599
GCCA launches second Innovandi Open Challenge
15 March 2023UK: The Global Cement & Concrete Association (GCCA) held an online launch for its second Innovandi Open Challenge on 14 March 2023. The global challenge matches start-up companies with some of the world’s leading cement and concrete manufacturers, which operate in almost every country across the world, to work on initiatives to cut emissions and pioneer environmental change across the industry. The launch follows the success of the first ever Innovandi Open Challenge in 2022, which saw cement companies partnering with six start-ups, with a strong focus on carbon capture and utilisation projects.
This time around, applicants are being asked to work on the development of new materials and ingredients for low carbon concrete – a major step towards the goal of net zero concrete. Alternative materials, including construction and demolition waste, can result in far lower CO2 emissions than traditional concrete, as well as reduce the need to use virgin raw materials. The applications phase will last until mid-May 2023.
Thomas Guillot, CEO of the GCCA, said “We’re calling on the best and the brightest from around the world to join us in the urgent fight to limit global warming and help towards delivering the great prize of net zero concrete. If you are a start-up from Austria to Australia, from Brazil to Bangladesh, with an innovative idea or technology, then we want to hear from you.”
Those companies that are accepted for this year’s Innovandi Open Challenge will gain unique access to industry plants, laboratories, key networks and the expertise and infrastructure of the GCCA’s 40 members from around the world. They will also receive guidance from the GCCA and its members to help them with the development of new technology and business cases.
Claude Loréa, GCCA cement director and innovation lead, said “We’ve already seen some remarkable progress from those start-ups who’ve been working with our members on the first Innovandi Open Challenge, with several projects already in the pilot stage. This year’s theme, low carbon concrete, is equally challenging. To succeed, we need products which are affordable, scalable and easily adopted. Good luck to all this year’s applicants. We look forward to working with those selected.”
Huaxin Cement to acquire Oman Cement
14 March 2023Oman: China-based Huaxin Cement has concluded a share purchase agreement with Omani sovereign wealth fund Oman Investment Authority (OIA) for the acquisition of a 60% stake in Oman Cement. ASDQ Financial News has reported the value of the deal as US$193m.
OIA director general of private ownership Ibrahim bin Said al Eisari said "This exit comes in accordance with a plan pursued by OIA aimed at achieving a number of goals, including attracting foreign investment to the sultanate. This will contribute to the development of operations at Oman Cement, increase the efficiency of its production lines and enhance its competitiveness locally and regionally, in addition to enhancing the positive image of the Omani industrial sector in general."
Afghanistan: The government's Mines and Petroleum Ministry has awarded a contract for construction of a new 1Mt/yr cement plant in Kandahar Province. Bakhtar News Agency has reported that the project will have a budget of US$100m.
Bolivia/Mexico: Compañía de Inversiones Mercantiles (CIMSA) has signed a settlement agreement with GCC in the parties' dispute over a transaction affecting shares in Sociedad Boliviana de Cemento (SOBOCE). Law360 News has reported that the settlement does not preclude GCC´s option to recover the settlement amount from other third parties, if necessary.
GCC failed to grant CIMSA a right of preference before selling its 47% stake in SOBOCE in 2011. The Inter-American Commercial Arbitration Commission (CIAC) subsequently awarded compensation to CIMSA. Since this time, the matter has passed through courts in both Bolivia and the US.
Najran Cement obtains US$22.6m loan
14 March 2023Saudi Arabia: Najran Cement has signed a deal for a US$85m six-year financing facility from Al Rajhi Bank. The producer says that its logistics unit will use the funds 'to endorse its core business activities.'
Holcim acquires INDAR
14 March 2023Mexico: Switzerland-based Holcim has acquired building materials retailer INDAR. INDAR operates nine distribution centres across Mexico, as well as a fulfilment centre in Guadalajara. The retailer will join the group’s Disensa Latin American retail network. Holcim says that the acquisition expands Disensa’s product range with the addition of 10,600 new products. It says that the chain stocks goods from across 80 different brands. The group added that the acquisition advances its Strategy 2025 – Accelerating Green Growth plan, under which its solutions and products business is expected to reach 30% of sales globally by 2025.
Holcim’s Latin America regional head Oliver Osswald said “With its powerful logistics network and a focus on delivering the best in service, quality and customer experience, INDAR will make a perfect fit with our Disensa network by strengthening its product range and value proposition. I look forward to welcoming INDAR’s 420 employees into the Holcim family as we reach our next era of growth together.”
Adani Cement wins four safety awards
14 March 2023India: Adani Cement has won four awards at the Occupational Health, Safety and Sustainability Association of India (OHSSAI) Awards 2023. The producer won two manufacturing sector awards - the OHSSAAI Safety Silver Award and the OHSSAI Road Safety Gold Award - and two individual awards. The individual awards went to Ambuja Cements' chief operating officer Sukuru Ramarao, who won the Health, Safety and Environment (HSE) Leadership Award, and Ambuja Cements' head of safety, manufacturing and logistics Pankaj Singh, who won the HSE Mentor of the Year Award for his contributions to road safety.
Adani Cement CEO Ajay Kapur said "We are proud to be recognised by OHSSAI for our safety achievements. Safety is an integral part of our overall business strategy, and we are committed to continually improving our safety performance and achieving excellence in all areas of our operations. Safety is everyone's responsibility, and we are committed to maintaining a safe and healthy workplace for our employees."
Adani Group seeks sale of 4 - 5% Ambuja Cements stake
13 March 2023India: Adani Group has entered talks with lenders for the sale of a 4 - 5% stake in Ambuja Cements. Adani holds a 63% stake in the producer, which it acquired from Switzerland-based Holcim in 2022. The Financial Times newspaper has reported that the move is intended to reduce debt and restore investor confidence in Adani Group.
The Hindu Business Line newspaper has named US-based asset management company GQG Partners as a probable buyer for the stake.
US-based short seller Hindenburg Research alleged fraud and stock market manipulation by Adani Group in a report published on 24 January 2023.
Dominican Republic: Grupo Estrella subsidiary Cemento PANAM plans to execute a 1.23Mt/yr grinding plant project in the Dominican Republic. CNS News has reported that China-based Sinoma Construction won a contract to deliver the project.
Sinoma Construction said that Cemento PANAM had expressed 'strong interest' in its carbon-neutral technology. The supplier expressed the hope that the two sides might 'have further cooperation opportunities in the field of CO2 emissions reduction.'
Alamo Cement Company commissions 17,800MWh solar power plant at San Antonio cement plant
13 March 2023US: Buzzi Unicem subsidiary Alamo Cement Company has successfully commissioned its new 17,800MWh solar power plant at its San Antonio cement plant in Texas. The producer says that the facility will eliminate 8000t/yr-worth of CO2 emissions from the plant's operations. It spans an area of 18.2 hectares at the site of the 1.1Mt/yr cement plant. Texas-based energy provider CPS Energy built the installation.
Alamo Cement's director of engineering and construction management William Kovacs said "I am incredibly proud of the multi-discipline work that went into this first-of-its-kind project for Alamo Cement in San Antonio. It is an example of the type of collaboration necessary to continue to unlock and apply new energy sources for cement producers. It was a collective effort that brought together our corporate team, CPS Energy and regional engineering firms and contractors."