Global Cement News

Zambia: Grizzly Mining has announced an investment of US$200m to establish a cement plant in Solwezi, Northwestern Province. The announcement was made by the company’s vice chairperson Abdoul Ba during an interview, according to the Times of Zambia.

Brazil: Italy-based Buzzi will acquire complete ownership of cement producer Cimento Nacional in a deal valued between €290m and €310m. The transaction involves the exercise of a put option on a 50% stake by Grupo Ricardo Brennand, making Buzzi the sole owner, according to local sources.

Cimento Nacional operates five cement plants and two grinding sites, with a production capacity exceeding 7.2Mt/yr. Buzzi will finance the acquisition using existing liquidity and expects to finalise the transfer at the end of 2024.

Philippines: PHINMA Corporation, through its subsidiary Philcement Corporation, is set to acquire 100% of Petra Cement for US$8.6m. The Share Purchase Agreement was signed on 21 May 2024, with the transaction expected to close by 31 December 2024, according to the Manila Bulletin. This acquisition from Petra is part of PHINMA's expansion in the Mindanao region. The Petra Plant, with a capacity of 500,000t/yr, is located in Zamboanga del Norte.

Additionally, PHINMA plans to construct a 1.5Mt/yr cement packaging plant in Davao, raising its total capacity to approximately 5Mt/yr upon completion of all projects.

UK: Heidelberg Materials UK has acquired Bristol-based B&A Group. B&A Group employs a team of 70 and specialises in recycled and primary aggregate supply, site clearance, earthworks, land remediation and sustainable land regeneration. In its most successful year in 2023, the company achieved over US$63.5m in turnover and a pre-tax profit of US$11.5m.

CEO of Heidelberg Materials UK, Simon Willis, said “This announcement follows the completion of our acquisition of Mick George and adds an additional source of high-quality recycled materials for use in our sustainable building materials. It is an exciting opportunity for us, and I am looking forward to working with the B&A Group to grow the business further.”

Uzbekistan: By the end of 2024, Uzbekistan will commission new cement production capacity of 8Mt/yr, according to the Uzsanoatkurilishmateriallari Association. This expansion will raise the country’s total capacity to 40.8Mt/yr.

Currently, there are 38 cement companies in Uzbekistan, contributing to an existing capacity of 35.3Mt/yr. From January to April 2024, the country produced 4.8Mt of cement, marking a 19% increase from the previous year, Uzbekistan Daily reports. The projected cement production for 2024 is 16.7Mt, closely aligning with last year's demand of 16.8Mt.