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China: Conch Cement has explained that neither its subsidiary Xuancheng Conch, nor any officers of the company, are subject to investigation or penalties for tax evasion. The producer said that a local media outlet had reported false allegations to this effect.
Conch Cement said "Xuancheng Conch has met all payment obligations for taxation in strict compliance with the relevant laws and regulations of the People's Republic of China."
Popular Cement Industries wins Sindh mine case 08 July 2022
Pakistan: Popular Cement Industries has won a court case against Gatron Group, which the cement company claimed was intruding upon a mine held under lease by it. The Business Recorder newspaper has reported that Gatron Group began construction of a partition wall across the mine. The judge ruled that Popular Cement Industries inherited its lease from Dadabhoy Cement in 1986.
UK: Holcim subsidiary Aggregate Industries has invested in a new monitoring system from Envirosuite for its Cauldon cement plant in Staffordshire. Called EVS Omnis, the cloud-based environmental management software will collate complex environmental information from surrounding sites outside the plant to facilitate proactive monitoring and management of its impacts. The producer expects to commission the system later in 2022.
Sustainability director Kirstin McCarthy said “Understanding the environment we operate in and the impact we’re having is integral to our business strategy and our commitment to building progress towards a more sustainable construction industry. We know that noise and dust can have an impact on surrounding communities, which is why we’re extremely proud to become the first cement plant in the world to commit to using a complete monitoring solution. EVS Omnis will allow us to continuously monitor at key community locations, 365 days a year. This will help us to not only better understand our operations within the local community but also give us insights into our processes to proactively manage them.”
Colombia: Grupo Gilinski has abandoned its plan to buy a 26% stake in Grupo Argos. Grupo Argos shareholders reportedly offered the prospective buyer an 11% stake in the group on 6 July 2022. This fell below the minimum stake for the tender offer.
Boral Finance announces early tender offer results 07 July 2022
Australia: Boral Finance has announced the early results of a tender offer to purchase cash up to US$300m. The principal amount tendered is US$405m. The tender offer will expire on 20 July 2022.