20 June 2023

Laos: Oudomxay Jiangge Cement held a ceremony to mark the start of cement sales from its 2Mt/yr Oudomxay cement plant in Namor District on 14 June 2023.

Asia News Network has reported that China-based Guizhou Jiangge Cement acquired outright ownership of Oudomxay Jiangge Cement in mid-2017.

Cambodia: Dongfang Junma Cement is building a US$95m cement plant at Pchaev, in Battambang Province's Rattanak Mondul District. Agence Kampuchea Presse has reported that Dongfang Junma Cement expects to employ 980 people at the plant.

India: Shree Cement has announced four planned capacity expansion projects that aim to increase its installed cement production capacity by 20% to 55.9Mt/yr. The Telegraph newspaper has reported that the producer expects to invest US$670 - 730m in the expansion. The investments will go towards the establishment of new facilities in Karnataka, Punjab, Uttar Pradesh and West Bengal. The West Bengal project consists of a grinding plant in Howrah or Purba Medinipur District. The new phase of expansion is part of Shree Cement's strategy to reach 80Mt/yr of cement production capacity by 2030.

Vice chair Prashant Bangur said “Given the robust demand for cement in the country and Shree Cement’s aspiration to grow further, we are looking at four more units once the present phase of expansion is over.”

Shree Cement is currently expanding its Guntur, Andhra Pradesh, and Nawalgarh, Rajasthan, cement plants and building its new 3Mt/yr Purulia grinding plant in West Bengal.

Europe: Heidelberg Materials Northern Europe has signed a collaboration agreement with Volvo Group for an investigation into the use of electric vehicles in loading and hauling. Under the agreement, Heidelberg Materials Northern Europe will implement a mix of its electric trucks and construction equipment machines in its operations. Land-based transport accounts for 6% of the producer's CO₂ emissions. Through electrification, Heidelberg Materials Northern Europe expects to eliminate 200,000t/yr of CO₂ emissions.

Heidelberg Materials CEO Dominik von Achten said “The partnership with Volvo is a lighthouse project in our industry and has the potential to significantly push the decarbonisation of our entire value chain in northern Europe. We look forward to working together to identify and implement state-of-the-art solutions for a fast climate transition in the construction sector."

India: Adani Group has reportedly entered discussions with five banks in a search to refinance US$3.8bn-worth of loans taken for its acquisition of Holcim India. The Economic Times newspaper has reported that the group aims to secure funding by mid-July 2023. Potential participants in the refinancing round reportedly include Malaysia and Taiwan-based banks, as well as existing lenders Barclays, Deutsche Bank and Standard Chartered.