24 December 2024
Huaxin Cement to buy aggregates producer Embu 24 December 2024
Brazil: China-based Huaxin Cement has signed a deal worth US$187m to buy aggregates producer Embu. Embu owns four quarries in the metropolitan region of São Paulo with a production capacity of nearly 9Mt/yr, according to the Rio Times newspaper. In 2023 it produced 6.3Mt and reported a net profit of around US$3.2m.
Published in
Global Cement News
Deadly disaster at Penna Cement’s Yadiki cement plant 24 December 2024
India: One person has died and five sustained injuries in a disaster at Adani Group subsidiary Penna Cement’s Yadiki cement plant in Andhra Pradesh’s Anantapur District. The Hindu newspaper has reported that an incident of an unspecified nature occurred on the night of 18 December 2024.
Anantapur’s Industrial Safety Committee is compiling a report for the district collector, who may take action against any party at fault.
Published in
Global Cement News
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