18 December 2020
Cemex increases its Cemex Latam Holdings stake to 93% 18 December 2020
Colombia: Mexico-based Cemex has increased its stake in subsidiary Cemex Latam Holdings to 93% from 73%. Citigroup Global Markets acted as advisor and Corredores Davivienda acted as intermediary broker for the offer.
The group said, “Through the offer, Cemex is simplifying and strengthening its overall capital structure by further consolidating its indirect interest in CLH.
Senegal: Ciments du Sahel has begun work to increase the cement production capacity of its Kirene cement plant to 6Mt/yr. Agence de Presse Sénégalaise has reported that the installation of a third line at the company’s 3.0Mt/yr plant will double the unit’s capacity when opened before the end of 2023.
Chief executive officer (CEO) Latfallah Layousse said, "We are now at a production capacity of 3Mt/yr of cement. Currently, we are starting our third line with a doubling of our production capacity in the next three years. The doubling of our production capacity will allow us, in the long term, to rise to a higher level and become one of the largest cement factories in the region."
LafargeHolcim and CDC Group print 3D buildings in Malawi 18 December 2020
Malawi: LafargeHolcim and UK-based development financier CDC Group have printed two buildings in Lilongwe. The partnership, called 14 Trees, built a demo building and a school over a period of two days. It used 3D printing specialist COBOD’s BOD2 3D printer. The supplier also provided training to construction workers on how to operate the equipment.
LafargeHolcim Middle East Africa regional head Miljan Gutovic said, “I am very excited about the work of our joint venture 14Trees, innovating in 3D printing technology to accelerate affordable and sustainable building, from homes to schools. This is a great example of our commitment to build for people and the planet. Starting in Malawi, we will deploy this technology across the broader region with projects already in the pipeline in Kenya and Zimbabwe.”
Azerbaijan records 11-month cement production fall 18 December 2020
Azerbaijan: Cement producers produced 3.0Mt of cement in the first 11 months of 2020, down by 3% year-on-year from the same period in 2019. Ready-mix concrete production rose by 11%, according to the Trend News Agency. The total value of building products rose by 25% to US$389m.
Unión Andina de Cementos to acquire Cementos La Unión Chile 18 December 2020
Chile: Peru-based Unión Andina de Cementos (Unacem) has signed a contract with Inversiones Mel 20 Limitada and Spain-based Cementos La Unión for the acquisition of the latter’s Chilean subsidiary Cementos La Unión Chile. Diario Financiero News has reported that the company operates the 300,000t/yr San Antonio grinding plant and a concrete plant. The value of the deal is US$23m. The agreement is subject to approval by local regulators.
UK: Cemex subsidiary Cemex UK has concluded a deal with the Nottinghamshire Wildlife Trust for the sale of its Attenborough Nature Reserve near Nottingham. The trust received a Euro828m grant from Biffa Award towards the acquisition. The Site of Special Scientific Interest (SSSI) on the River Trent is home to over 1000 species including bitterns and otters. The former sand and gravel quarry became a nature reserve in the 1960s when it was opened by the broadcaster and natural historian David Attenborough.
Cemex Europe regional land development and permitting director Stephen Redwood said, “After more than half a century of partnership, we are enormously pleased to see the transfer of this amazing and award-winning site to the Trust being completed. To see Attenborough evolve into such an important nature reserve in such close proximity to major population centres has been most rewarding.” He continued, “Our partnership with the Trust - which has included the establishment of the impressive Visitor Centre with support from the company’s own Landfill Communities Fund - has been a major success and we look forward to the Trust taking ownership as the site moves on to the next phase in its development.”