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Australia: First Graphene has partnered with Suvo Strategic Minerals to develop graphene-enhanced metakaolin for use in cement and concrete production. Metakaolin is a pozzolanic material derived from kaolinite clay. The partners believe that the technology has commercial potential to improve concrete performance and reduce CO2 emissions.
Tangshang Jidong Cement warns of profit drop in 2022 10 January 2023
China: Tangshang Jidong Cement expects to record a 46-52% year-on-year drop in its full-year net profit in 2022. Reuters has reported that the producer forecasts a profit of US$198-223m throughout the year, compared to US$413m in 2021.
Holcim acquires Nicem 10 January 2023
Italy: Holcim announced its acquisition of Nicem, Italy's ground calcium carbonate market leader. The group said that it plans to use Nicem's ground calcium carbonate as raw material in production of its ECOPact and ECOPlanet reduced-CO2 cement and concrete range.
Holcim's Europe regional head Miljan Gutovic said “Nicem complements our existing operations perfectly and allows us to further leverage our expertise in green formulation, opening a new source of alternative materials to decarbonise our ready-mix concrete. I look forward to welcoming the employees of Nicem to the Holcim family, whose valuable expertise will help us accelerate green growth.”
China Tianrui Group Cement settles US$30m loan 10 January 2023
China: China Tianrui Group Cement settled a term loan facility on 9 January 2023. Reuters has reported the value of the facility as US$30m.
Argentinian cement sales rise in 2022 10 January 2023
Argentina: Portland Cement Manufacturers Association (AFCP) members sold of cement sold 13Mt of cement in 2022, up by 7% year-on-year. Local press reported that sales volumes were at their highest since 2012. Exports dropped by 24% year-on-year to 83,300t, from 115,000t.