Displaying items by tag: Investment

Brazil: Votorantim Cimentos announced a US$54.5m investment in the state of Mato Grosso, covering expansions and modernisation at its Cuiabá and Nobres plants. Construction will begin in 2025 and finish by late 2026, creating over 150 direct and indirect jobs in the state while retaining more than 700 existing positions.

At Nobres, a new cement mill will boost capacity by 60% from 0.75Mt/yr to 1.2Mt/yr, and the expansion will also add a new storage warehouse and logistics infrastructure. Votorantim Cimentos’ sustainable waste management arm, Verdera, will install a used tyre shredding facility at the Cuiabá site, supplying its kilns with co-processed fuel.

Global CEO Osvaldo Ayres Filho said the investments will “Increase our competitiveness and our production and storage capacity, and improve our efficiency to better serve our customers and the consumer market, while also reducing CO₂ emissions.”

The expansions are part of a comprehensive investment programme by the company, focused on modernisation, capacity growth, competitiveness and decarbonisation. Announced in early 2024, the plan includes US$909m in investments to be deployed by 2028.

Syria: Al-Badia Cement will invest over US$200m to expand its grinding and packaging lines and build a second production line, raising capacity to more than 5Mt/yr, according to the Syrian Arab News Agency. Chair of the board Imad Abdul Qader al-Muhaidib said the announcement coincided with the visit of a Saudi delegation of 130 investors, led by Saudi investment minister Khalid bin Abdulaziz al-Falih, to sign bilateral economic agreements.

Rwanda: The government signed a 15-year industrial quarry licence agreement with cement producer Cimerwa on 17 July 2025, paving the way for a US$190m investment in a clinker plant in Musanze District, according to The New Times newspaper. The agreement aims to reduce cement imports, create jobs and support Rwanda’s infrastructure development through sustainable quarrying practices, according to a statement by the Rwanda Development Board.

Cement imports rose by 42% year-on-year to US$94m in 2024 from US$64m previously, according to data from the Ministry of Trade and Industry. On 16 July 2025, the Cabinet approved new mineral, quarry and exploration licences to boost mining in the country.

Philippines: Taiheiyo Cement Philippines (TCPI) has said it is on track to open its US$64.9m cement terminal in Calaca, Batangas by early 2026. The facility will produce 0.7Mt/yr of blended cement, increasing the company’s total capacity to 4Mt/yr.

The new terminal forms part of the company’s multi-phase investment programme. TCPI plans to expand its production capacity to 5Mt/yr by 2030, while securing a 10% market share. The Department of Trade and Industry confirmed in a statement that manufacturing will begin in the second quarter of 2026.

Mozambique: Moçambique Dugongo Cimentos will invest US$35m in a third cement plant in Ancuabe, Cabo Delgado province, according to local press. The plant is presumed to be a grinding facility due to the value of the investment. Project coordinator Anselmo Amurane said that the plant’s design is under development, with community consultations completed and environmental assessments pending. The start date for construction was not disclosed.

Amurane said “We hope to contribute to increasing the overall cement supply and production capacity,” adding that the project would employ 900 construction workers and 135 operational workers.

Moçambique Dugongo Cimentos is a joint venture between Mozambique-based SPI Gestão and China-based West International Holding. The plant operates two plants in the cities of Maputo and Nacala.

UK: Holcim UK has welcomed a €33.1m investment by the National Wealth Fund into the Peak Cluster carbon capture and storage (CCS) project, which will decarbonise 40% of the UK’s cement and lime production and support over 2000 existing jobs, as well as creating new ones. Led by Progressive Energy, Peak Cluster is a partnership between Holcim UK, Breedon, Tarmac and Sigma Roc involving cement and lime plants in Derbyshire and Staffordshire, including Holcim UK’s 1Mt/yr Cauldon plant. The project aims to reduce annual carbon emissions from its partners by 3Mt/yr from 2032 (25% of annual CO₂ output for the area), by capturing CO₂ from the plants and transporting it by pipeline to Morecambe Net Zero's disused gas fields under the East Irish Sea.

The investment will fund front-end engineering and design (FEED) and other studies to support a final investment decision in 2028. Holcim UK CEO Lee Sleight said that CCS is ‘essential’ to decarbonise cement manufacturing and achieve net zero by 2050.

Peak Cluster CEO John Egan said it will create a ‘backbone of industrial opportunity’ across northern England.

Sweden: SaltX has announced a partnership with Holcim to develop technology and solutions that electrify and enable the decarbonisation of the entire cement manufacturing process. As part of the partnership, Holcim is becoming a strategic shareholder in SaltX through an investment of approximately US$4m. 

The companies intend to co-develop and advance SaltX’s electrification technology for calcination, including the production of Portland cement clinker. The goal is to be the first in the world to establish a scalable plant concept for fully electrified cement facilities. The parties’ intention is for the partnership to be extensive, featuring a collaborative go-to-market and scale-up plan. The initial focus is on developing the world’s first all-electric pilot plant for emission-free cement production. This will set the foundation to establish multiple large-scale production facilities based on SaltX’s electrification technology.  

Canada: Carbon Upcycling Technologies closed a US$18m investment round led by Builders Vision to support its carbon capture and utilisation project at the Ash Grove Mississauga cement plant and with Titan Group at two of its facilities. Strategic investors CRH Ventures, Oxy Low Carbon Ventures and Titan Group participated in the round.

Carbon Upcycling CEO Apoorv Sinha said “Builders Vision's investment, along with the continued support of our partners, is a powerful signal that the market is ready for scalable, science-based solutions like Carbon Upcycling. With the support of Builders Vision and our strategic partners, we are setting the foundation for low-carbon construction.”

Kyrgyzstan: President Sadyr Japarov has launched a new 0.8Mt/yr clinker production line at the Kant Cement plant. The project created over 300 new jobs and is expected to increase cement supply to the domestic construction industry. Construction of the dry-process line began in early 2024, with equipment supplied by China's Beijing Triumph International Engineering, a subsidiary of Sinoma. US$50m of the US$61m total investment was provided by the Eurasian Development Bank. In 2024, the plant produced 1.15Mt of cement.

President Japarov said “The launch of the new line is not just another production facility. It is a symbol of our industrial growth, professionalism of domestic engineers and workers, and, most importantly, the trust of investors in our country.”

Global: Cumulative investment in carbon capture and storage (CCS) will reach US$80bn over the next five years, according to risk management company DNV’s new Energy Transition Outlook: CCS to 2050 report. DNV forecasts that CCS capacity will quadruple by 2030, driven initially by pilot projects in North America and Europe, but now seeing a sharp increase in capacity. As the technologies mature and scale, DNV expects that the average costs will drop by an average of 40% by 2050. The report also states that CCS will grow from 41Mt CO₂/yr captured and stored today to 1.3Bnt CO₂/yr in 2050.

CEO of energy systems at DNV Ditlev Engel said “Carbon capture and storage technologies are a necessity for ensuring that CO₂ emitted by fossil-fuel combustion is stopped from reaching the atmosphere and for keeping the goals of the Paris Agreement alive. DNV’s first Energy Transition Outlook: CCS to 2050 report clearly shows that we are at a turning point in the development of this crucial technology.”