Displaying items by tag: agreement

Portugal: Molins has signed an agreement with Portuguese investment group Semapa to acquire 100% of cement producer Secil for €1.4bn. Molins said that the deal reinforces its presence in Europe and ‘completes its geographic expansion’ in Latin America by entering Brazil, the only major market in the region where it was not yet present. Secil operates in eight countries with a cement production capacity of approximately 10Mt/yr. Its operations span cement, concrete, aggregates, construction solutions and circular economy initiatives. The company employs more than 2900 people and recorded €740m in sales over the past 12 months.

US: Furno Materials has signed an agreement with ready-mix concrete producer Maschmeyer Concrete for the use of its compact modular cement kiln technology. Maschmeyer Concrete plans to operate the kilns using its 90,000t/yr of ‘waste’ concrete as a feedstock. The company will build an initial 50,000t/yr-capacity mini cement plant in Florida. The partners are currently conducting site analysis and a feasibility study for the project.

This latest deal brings Furno Materials’ total commitments to 295,000t/yr across announced and unannounced projects. The sale remains contingent on the successful deployment of its first commercial-scale reactor with concrete producer Ozinga in Chicago, Illinois.

India: Bengaluru Solid Waste Management (BSWML) has reported improved segregation of waste at source, resulting in a rise in the collection of low-value plastic waste, which can be used as refuse derived fuel (RDF). BSWML has signed a new agreement with Dalmia Cement to supply 200-250t/day of RDF to the company’s cement plant in Kadapa, Andhra Pradesh. On the first day of operations, 160t were despatched to the plant. Currently, the city of Bengaluru generates between 350-400t/day of RDF. Under the agreement, Dalmia Cement has committed to accept up to 1000t/day, which officials say will significantly reduce pressure on the city’s landfills.

Türkiye: Titan has signed a share purchase agreement to acquire 100% of Traçim Çimento, which operates a 2.5Mt/yr integrated cement plant near Istanbul. The plant supplies the local market and can export to neighbouring countries and the US. A joint solar power project with the sellers is also planned.

The deal strengthens Titan’s operations in western Türkiye, where it already owns a grinding plant and pozzolana quarry in the Marmara region. It also complements the group’s export network to the US. The purchase price is approximately US$190m. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals.

Bulgaria: Greek carbon storage company EnEarth has signed a term sheet with Heidelberg Materials to negotiate exclusive agreements for the transport and storage of CO₂ from the Devnya cement plant. The project aims to capture, transport and store 0.8Mt/yr of CO₂ from the plant. It is part of a wider CCUS initiative by parent company Heidelberg Materials, called ANRAV, which aims to be the first full-chain CCUS project in Eastern Europe. It has received a €190m EU grant, including €38m for the storage site, and is scheduled to be operational before 2030.

Europe: Vattenfall has signed a commercial agreement with Cemvision to supply near-zero-CO₂ cement for its onshore wind infrastructure projects across Europe from 2028. Cemvision’s Re-ment Massive product will be prioritised by subcontractors and has the potential to cut emissions by up to 95%, according to the company. Deliveries will come from Cemvision’s first industrial-scale plant and follow a 2024 letter of intent signed by the two companies.

Cemvision CEO Oscar Hallen said “This long-term agreement for the supply of our near-zero cement is a foundational step in transforming the cement market, and we are proud to take the partnership with Vattenfall to the next level. Our cement is one of the most cost-efficient ways to decarbonise construction. Moving from pilot to commercial action is how the transition becomes real.”

Vattenfall aims for 10% of its cement and concrete purchases to be near-zero by 2030, with the deal making it possible to reach 20% by 2028 and supporting a 50% supply chain emissions reduction by 2030.

Italy: Cementeria Costantinopoli has placed an order with Vestas for a 10MW wind project to supply renewable energy directly to its cement plant in Basilicata. The on-site wind farm will cover around one third of the plant’s electricity needs. The project includes three V117-3.45MW turbines and a 10-year Active Output Management 4000 service agreement. Turbine delivery and commissioning are scheduled for the fourth quarter of 2026.

Vestas Italy general manager Francesco Amati said “This project marks a milestone for Vestas in Italy as it is the first of its kind in the country to exclusively power an energy-intensive cement plant with clean wind energy. We are proud to deliver the technology solution that will reduce the plant’s environmental footprint and reliance on external power.”

Saudi Arabia: Al-Jouf Cement has signed a one-year, US$10m sales agreement with Towa Development to export cement to Syria and Palestine. The contract, effective from 30 November 2025 to 29 November 2026, reportedly represents over 14% of the producer’s total revenue based on its latest audited results. The company will supply all types of cement to Towa Development for export throughout the contract period.

Mozambique: Mozambique and China will together invest US$333m to build two new cement plants, a jetty and hospital services in Nampula and Cabo Delgado. The investment is the result of four agreements signed in October 2025 at an investment conference in Xian in China’s Shaanxi province, where representatives from the two countries’ governments were present. The timescale of the work was not given. The conference served to strengthen economic cooperation with the Shaanxi provincial government and establish new partnerships and investments by Chinese companies. A delegation of 50 Mozambicans attended, led by the Minister of Economy, Basílio Muhate.

Philippines: Holcim Philippines has signed an agreement with Prime Infrastructure Capital for the supply of refuse-derived fuel (RDF) to its cement plants in Bulacan and La Union. Under the deal, Prime Infra’s subsidiary Prime Waste Solutions (PWS) Pampanga will provide RDF produced from plastic waste converted into alternative fuels through co-processing technology, helping Holcim to reduce its reliance on traditional fuels.

Cara Peralta, market sector lead for waste at Prime Infra, said “It is rare to find like-minded organisations such as Holcim willing to partner with us and make investments in sustainable practices like RDF consumption.”