Global Cement News

Pakistan: Lebanese investment company Pharaoh Investment Group Ltd (PIGL) is considering the possibility of selling a stake in its subsidiary Attock Cement Pakistan Ltd (ACPL) amid a revaluation of its assets in the cement sector. PIGL, which is the majority shareholder of ACPL with an 84% stake, has received proposals from investors to acquire the entire stake, subject to regulatory approval.

The list of applicants includes joint proposals from the Fauji Foundation and Kotaku Power Company, as well as from Cherat Cement and Shirazi Investments. Separate applications were sent by Alpha Cement and Bestway Cement. ACPL holds a leading position in the cement market in Southern Pakistan, with a 24% market share, thanks to its 4.3Mt/yr capacity.

Zambia: President Hakainde Hichilema has urged investors to capitalise on Zambia's favourable business environment, citing a recent upgrade of Chilanga Cement's plant in Ndola as proof of government support. Speaking via Minister of Mines Paul Kabuswe during the plant’s commissioning, the President highlighted that its daily cement capacity tripled from 500t/day to 1500t/day. The US$25m upgrade, its first since 1969, also included a new lime production line with an annual capacity of 100,000t/yr.

Italy: France-headquartered nuclear reactor developer Newcleo has signed a memorandum of understanding (MoU) with Federbeton, the Italian cement association, to explore the company's technologies and potential synergies with the cement industry.

Newcleo says the lead-cooled advanced modular reactors (AMRs) that it is developing will offer carbon-free energy and could play a strategic role in helping heavy industries to achieve carbon neutrality. Through the MoU, Newcleo and Federbeton will also explore opportunities for research and development in the field of high-performance construction materials, designed to meet the requirements of next-generation nuclear technologies.

"The agreement between Newcleo and Federbeton confirms the construction materials industry's strong commitment to achieving climate neutrality," the partners said in a joint statement. "This collaboration addresses the dual challenge of decarbonisation and energy efficiency."
The agreement with Federbeton follows other partnerships that Newcleo has signed with key players in hard-to-abate sectors, including Danieli (for green steel production), Maire (for green chemical plants), Fincantieri (for naval propulsion), and Saipem (for offshore nuclear platforms).

Taiwan: Taiwan Cement has a secured a US$592m green loan that will support its carbon-cutting and renewable energy projects. Credit Agricole CIB served as the green structuring advisor for the deal, while BNP Paribas, MUFG Bank, DBS Bank (Taiwan) and Taipei Fubon Bank joined as underwriters.

The loan carries an interest premium of only 100 basis points, around half the rate seen on similar Euro-denominated green bonds issued by other large investment-grade corporations. The funds will be used for repaying debt and for recycling and emissions-reducing projects. The company said that it will leverage finance tools to support its green transition and boost competitiveness on the global stage.

China: West China Cement will sell Yili Yaobai Cement, Huocheng County Nangang Xixin Mining Industry and Xinjiang Baihang Environmental Protection Technology to Anhui Conch Cement and Conch (Shaanxi) for US$55m via its subsidiary Yaobai Special Cement Group, according to MT Newswires. It will also divest three additional assets for US$22.5m, US$128m and US$23.7m under separate agreements. The sales remain subject to board approval and other conditions.