Denmark: Processing, handling and storage equipment supplier Cimbria has merged its three Danish subsidiaries. A/S Cimbria, Cimbria Unigrain and Cimbria Manufacturing will now operate as Cimbria, effective retroactively from 1 January 2023. The group reassured customers that its existing contracts remain unchanged.
Shiva Cement commissions Sundergarh cement plant
India: Shiva Cement has commissioned its new US$185m Sundergarh cement plant in Odisha. Pragativadi News has reported that the new plant has an integrated capacity of 1.05Mt/yr and an additional grinding capacity of 0.27Mt/yr.
In October 2022, parent company JSW Cement announced plans to increase its total installed capacity by 47% to 25Mt/yr.
HarbisonWalker International launches new branding
US: HarbisonWalker International has unveiled its new redesigned branding. The refractories supplier says that the new brand identity reflects it standing as the North American arm of Calderys Group. The two companies merged following their acquisition by Platinum Equity in 2022.
Calderys Group president and CEO Michel Cornelissen said “The new visual identity of HWI, as a member of Calderys, is a significant step on our journey to form a unified business that incorporates the best of both brands to create a global high-growth leader. We have undertaken this exercise with thoughtful intention to preserve the legacy of the HWI brand in the Americas, while reflecting the global stature of the Calderys brand.”
Adani Group sets out joint growth strategy for ACC and Ambuja Cements
India: Adani Group plans to grow ACC and Ambuja Cements' capacity to 140Mt/yr by 2028 under a joint expansion strategy. The Hindu newspaper has reported that new strategy includes capital expenditure with a value of US$5.58bn and new acquisitions. Investments will reportedly be split equally between the two subsidiaries. After completion of the current growth plan, the cement producers will 'pause for a while' prior to any subsequent expansion phase.
Adani Group said that it is proceeding with an operational merger of ACC and Ambuja Cements, without merging their distinct brands. The priority of the merger will be to increase efficiency in supply chains and logistics operations.
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