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SigmaRoc to buy CRH's Polish lime operations 05 June 2024
UK/Poland: SigmaRoc announced it has entered a share purchase agreement and exercised a call option to acquire the Polish lime operations of CRH. The deal, valued at €100m for deferred consideration, follows SigmaRoc's acquisition of CRH's lime operations in Germany, Ireland, the Czech Republic and the UK. The acquisition includes two production sites in Kujawy and Sitkowka, along with an associated distribution network. Completion is contingent upon clearance from the Polish Competition Office, anticipated by the end of September 2024.
SigmaRoc said it is ‘pleased’ with the progress to date on the integration of the German, Czech, Irish and UK entities, and will provide a further update alongside its interim results for the period ending on 30 June 2024.
UK: Holcim has completed the acquisition of Land Recovery. This acquisition broadens Holcim's access to construction demolition materials, with Land Recovery having recycled over 300,000t in 2023. The deal follows the previous purchase of Sivyer Logistics.
CEO of Holcim, Miljan Gutovic, said "Land Recovery strengthens Holcim’s leading position in circular construction and advances our group target of recycling 10Mt of construction demolition materials in 2024. I look forward to welcoming all 85 employees of Land Recovery and investing in our next era of growth together."
Pakistan: Cement dispatches rose by 7.8% reaching 4.275Mt in May 2024 from 3.97Mt in May 2023. According to data from the All Pakistan Cement Manufacturers Association (APCMA), local sales fell by 2.2% to 3.36Mt, while exports increased by 72% to 0.91Mt. Over the first 11 months of the financial year, total dispatches were up 3% year-on-year to 41.7Mt. Domestic sales dropped 4% to 35Mt, but exports grew by 66% to 0.66Mt.
An APCMA spokesman said “It is a matter of serious concern that the cement sector continues to post negative growth in local dispatches for the ninth straight month. We are hopeful that the government will give due attention to the concerns of the cement industry in the upcoming budget. We have an almost one-third idle capacity which, if utilised, can bring our operational costs down and provide relief to end-consumers
Global: Policymakers, including those from the governments of Canada, the UAE and Thailand, are meeting cement industry CEOs in Bangkok to discuss how to further advance the decarbonisation of the cement industry. Thailand’s Minister of Industry, Pimphattra Wichaikul, opened the conference.
Wichaikul said “Thailand is one of the first countries in the word with a credible national roadmap for delivering on the cement industry’s net zero commitments. Key to success is innovation, cross-sectorial cooperation, strong leadership with clear targets and international collaboration to drive policy and implementation.”
Fernando González, CEO of Cemex and President of the GCCA, said “We have strong commitments and are already delivering the goal of building a more sustainable industry, and by working with governments, policymakers, built environment experts and other key players we have the opportunity to accelerate our progress in this important ‘decade to deliver’.”
The UN’s Industrial Development Organization (UNIDO) also unveiled a new package of investment, technical and other support, to help Thailand decarbonise its own cement industry.
Indonesia: The local government will begin using 'green' cement supplied by state-owned PT Semen Indonesia (SIG) in a bid to ensure sustainable construction in the new capital of Nusantara. This initiative will be a partnership to provide 'green' cement and cement-based products between SIG and PT Bina Karya, a state-owned company carrying out property development in Nusantara. Through 'green' cement production, the company has reportedly recorded a reduction in carbon emissions of up to 38% per tonne of cement so far.
SIG was chosen to supply materials for infrastructure development needs in Nusantara in December 2022. As of February 2024, the company has supplied 0.4Mt of cement from its production facilities in Balikpapan and Samarinda, near Nusantara.
PUPR Ministry’s secretary general, Mohammad Zainal Fatah, said "The Ministry of Public Works and Public Housing (PUPR) is seeking to encourage the supply of domestic industry-based material resources and construction equipment, which can support sustainable infrastructure development principles. SIG has the advantage of extensive production and distribution networks that are able to meet development needs in all regions in Indonesia.”