Displaying items by tag: agreement

India: ACC’s audit committee and board of directors have approved the renewal of the company’s master supply agreement with Ambuja Cements from 2 May 2021 to 2 May 2024. The agreement will continue on its current terms.

Indonesia/Japan: Taiheiyo Cement and Semen Indonesia have finalised a collaboration agreement with the aim of building a comprehensive partnership, including consultations on promotion and sale of cement and clinker. Taiheiyo Cement said, “The business alliance is for business collaboration and research and development of cement, resources, environment, building materials and more.”

In accordance with the agreement Taiheiyo Cement will buy shares in Semen Indonesia’s subsidiary Solusi Bangun Indonesia, formerly Holcim Indonesia. The deal is expected to be completed in early 2021. In April 2020 Taiheiyo Cement agreed to buy a 15% stake in Solusi Bangun Indonesia for between US$186m and US$232m.

Greece: Titan Cement has signed a new service agreement with Denmark-based FLSmidth. The agreement covers sustainability, digitisation and productivity support across 17 of the producer’s cement plants in Europe, Africa and the Americas.

Titan Group strategic planning director Antonis Kyrkos said, “We are constantly on the lookout for more efficient ways of running our operation. With this service partnership agreement, we tap into a wealth of knowhow and hundreds of specialists without carrying the full cost. The two-and-a-half-year agreement allows both parties to work strategically on maintenance programmes and upgrade projects based on data and the best allocation of resources.”

FLSmidth Europe, North Africa, Russian and Commonwealth of Independent States regional head of cement sales Carsten Pustelnik said, “The agreement reaffirms our belief in planned maintenance programmes, supported by digitalised processes, as the next level in service optimisations. We have invested heavily in acquiring the skills and infrastructure to provide online condition monitoring and safely handle and analyse data from our customers.”

Spain: LafargeHolcim España has signed an agreement with Carbon Clean, ECCO2 and gas systems specialist Sistemas de Calor for the installation of a carbon capture and storage (CCS) unit at its Carboneras integrated cement plant in Almeria. The company say that the installation will start in 2022 to capture 10% of CO₂ emissions with the eventual potential to capture 0.7Mt/yr of CO₂ and achieve 100% decarbonisation at the plant. The producer will supply the captured CO₂ to Sistemas de Calor for use in agricultural greenhouses, reducing the soil and water intensity of crop production.

Chief executive officer (CEO) Isidoro Miranda said, “Within the framework of our Ecological Transition Strategy, we are tackling climate change through innovative initiatives that allow us to develop low-carbon products and solutions. In our journey towards carbon neutrality, these types of collaborations are key. We hope that, working with our partners Carbon Clean, ECCO2 and Sistemas de Calor, we can develop this innovative circular model with the potential to revolutionise the cement sector and agriculture.”

On 20 November 2019 LafargeHolcim España committed a budget of around Euro20m to upgrades to reduce its cement plants’ CO₂ emissions by 90,000t/yr.

Mexico: Cemex has signed an agreement with Canada-based Carbon Upcycling Technologies to “improve the processing of residue or by-products of industrial processes to produce nanomaterials.” Carbon Upcycling Technologies’ equipment increases the cementitious properties of residues such as fly ash and steel slag by physical processing them into nanomaterials and adding captured CO₂, enabling the partnership to produce concrete additives with “greater reactivity and a lower carbon footprint” than their raw materials.

Cemex Ventures Head Gonzalo Galindo said, "This agreement with Carbon Upcycling Technologies is yet another example of our determination to deliver net-zero CO₂ concrete products globally by 2050. Our roadmap to achieve this global ambition involves continuing to innovate our technology internally while continuing to seek complementary innovation outside of Cemex through investments in start-ups, consortia, and high-value collaboration agreements such as the one reached with Carbon Upcycling Technologies."

Germany: Pursuant to a sales agreement dated December 2019, Voith Group acquired a majority share in ELIN Motoren on 30 April 2020. Elin Motoren CEO Wolfgang Landler said, “ The future cooperation between the two companies will allow us to offer significant added value. Together we can develop system solutions and especially technologies in digitalisation. We are looking forward to the cooperation with Voith.”

Saudi Arabia: Denmark-based FLSmidth has announced that it has secured an engineering, procurement and construction (EPC) contract with Yanbu Cement for a ‘massive’ efficiency-increasing upgrade to reduce the heat and power consumption of the 5.9Mt/yr integrated Yanbu cement plant in Al Madinah Province.

FLSmidth previously supplied the Yanbu cement plant with an automation upgrade and burner system retrofit in 2018. It concluded a service agreement with Yanbu Cement in 2019.

Indonesia: Japan-based Taiheiyo Cement has announced its acquisition of a 15% stake in state-owned Semen Indonesia subsidiary Solusi Bangun Indonesia for between US$186m and US$232m, subject to the terms of a partnership agreement with Semen Indonesia.

Under the ‘2020 Mid-Term Management Plan,’ Taiheiyo Cement says that it aims to ‘become a corporate group with a strong presence in the Pacific Rim.’ Its partnership with Semen Indonesia is part of Taiheiyo Cement’s response to a forecasted long-term decline in domestic cement demand in Japan.

In the first quarter of 2020 Semen Indonesia sold 9.36Mt of cement, up by 7.0% year-on-year from 8.74Mt in the corresponding period of 2019. InsiderStories News has reported that domestic demand in the period fell by 4.9% to 14.9Mt from 15.7Mt, while exports fell by 2.5% to 1.39Mt from 1.42Mt but rose by 6.2% on a month-by-month basis in March 2020 to 3.09Mt from 2.91Mt in February 2020. April 2020’s cement sales are expected to be lower due to the impacts of the coronavirus outbreak.

Poland: Belarusian Cement Company (BCC) says that it has responded to ‘increased demand for Belarusian cement in Central Europe in 2019’ by opening an office in Warsaw, Poland. Belarus Daily News has reported that one purported aim of the office is to court supply contracts with ‘European, Polish, German and other partners.’

Both Krichevtsementnoshifer and Krasnoselskstrojmaterialy, the remaining two of Belarus’s three cement producers, have reportedly concluded preliminary agreements for export of their cement to Poland in 2020.

Germany: Siemens subsidiary Flender, which supplies couplings and gearboxes to the cement industry, has signed a partnership agreement for technological solutions with digital drive specialist Currax. The partnership aims to bring a comprehensive increase in efficiency to Flender’s business and a high level of flexibility for customers. Currax executive director Daniel Aßman said, “From customer acquisition to sales, from implementation to support, Currax is the contact for all matters relating to the Flender portfolio.”