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Taiwan Cement (Dutch) Holdings pays €65m to acquire Cimpor stake 28 February 2024
Portugal: Taiwan Cement (Dutch) Holdings paid €65m to acquire its new stake in Cimpor, Reuters has reported. Parent company Taiwan Cement Corporation agreed to buy current majority shareholder OYAK Çimento’s 60% stake in Cimpor for €480m in November 2023.
Uganda: The government has granted a 21-year mining licence to Sunbird Resources to support a cement plant project near the border with Kenya. The licence will allow the local company, which is working with China-based West China Cement, to mine limestone, according to Reuters. The partners intend to build a 1Mt/yr integrated cement plant.
CRH to acquire Adbri majority stake for US$1.4bn 27 February 2024
Australia: CRH has concluded a deal to acquire the remaining 57% of shares in Adbri not owned by Barro Group for US$1.4bn.
CRH CEO Albert Manifold said “We are pleased to reach this important milestone in the potential acquisition of Adbri in partnership with the Barro family. Adbri is an attractive business with high-quality assets and leading market positions that complement our core competencies in cement, concrete and aggregates, while creating additional opportunities for growth and development for our existing Australian business. We look forward to working with the Barro family over the coming years to enhance the long-term growth and performance of Adbri.”
NeoCem to build €50m clay calcination plant 27 February 2024
France: NeoCem plans to build a €50m clay calcination plant at Saint-Maximin, Picardy. The company recently raised €23m in investments in its Series A funding round. The Le Journal des Enterprises newspaper has reported that the Saint-Maximin plant will enter operation in 2025, and will subsequently grow to 200,000t/yr in capacity. NeoCem aims to employ 100 people by 2030.
Head of industrial deployment Guillaume Luu said “To be used in concrete, limestone must be heated for several hours at 1400°C. Our clay-based binder generates CO2 emissions of 120kg/t, compared to almost 1000kg/t of limestone binder, and our technology can transform all types of clays available. The idea is not to open new quarries, but to give a second life to materials already on the surface." He continued “The up-cycling of clays and their transformation into a low-carbon binder addresses several challenges for the construction sector. On the one hand, the reuse of clay waste, and on the other hand, the decarbonisation of the building materials sector.”
Omran White Cement Company to establish US$2.6m cement facility at Suhar Industrial City 27 February 2024
Oman: Omran White Cement Company plans to build a new cement “facility” at Suhar Industrial City, Al Batinah North Governorate. The Times of Oman newspaper has reported that project will command an investment of US$2.6m. Given the price tag, the upcoming facility may be for the distribution and storage of cement, or of raw materials for cement production. Suhar Industrial City is situated within 15km of Sohar port. Omran White Cement Company’s project is one of four recently announced in Suhar Industrial City, with a combined value of US$44.2m.