13 October 2022
FLSmidth secures Euro150m sustainability-linked loan 13 October 2022
Denmark: Nordic Investment Bank (NIB) has granted a 150m loan to FLSmidth to support technological developments for the growth of sustainability in the cement and mining sectors. The supplier said that the loan tracks three core sustainability indicators: FLSmidth's ratio of partners with SBTi-certified science-based targets, FLSmidth’s own Scope 1 and 2 CO2 emissions and its products' Scope 3 impacts.
Chief financial officer Roland Andersen said “With our MissionZero pledge, we are fully committed to developing technologies and solutions that will enable the mining and cement industries to move towards zero emissions by 2030. As sustainability is an integral part of everything we do, it is only natural for us to also link our financing to our sustainability ambitions. This is a first step in this direction, and we are very pleased with the long-term commitment provided by NIB."
Wright Engineering upgrades Lhoist's Whitwell lime plant 13 October 2022
UK: Wright Engineering has installed new inlet sealings on a kiln at Lhoist's Whitwell lime plant in Derbyshire. The new configuration increases the distance between the kiln's leaf segments and inlet to 400mm. The supplier says that the increased distance from the flow of incoming material will alleviate spillage issues in the kiln.
Lucky Cement buys back US$212,000-worth of shares 13 October 2022
Pakistan: Lucky Cement has informed the Pakistan Stock Exchange of its purchase of US$212,000-worth of its shares. The producer's board of directors passed a resolution for the buyback on 20 September 2022.
Everest Industries to establish cement boards plant in Mysuru 13 October 2022
India: The state government of Karnataka has approved the allotment of 6 hectares of land to Everest Industries. Reuters News has reported that the company plans to build a cement boards plant. The plant will produce either conventional cement boards or the company's Rapicon reinforced aerated concrete and gypsum wallboard sandwich panels.
Imerys opens calcium aluminate binder plant 13 October 2022
India: Imerys has inaugurated a 30,000t/yr calcium aluminate binder plant at Atchatapuram in Andhra Pradesh. The Hindu newspaper has reported that the plant will supply refractory production and construction uses. Imerys plans to expand the plant's capacity to 50,000t/yr by 2030, in order to serve rising demand deriving from India's growing cement sector. This will make it Imerys' largest plant in the country.
Clay foundations reduce cement consumption by 40% 13 October 2022
Australia/China: A Charles Sturt University team has found that the use of clay in soft soil foundation stabilisation can eliminate 40% of cement used in this type of construction. Australian Associated Press News has reported that China-based Kunming University of Science and Technology also supported the research.