Displaying items by tag: GCW689

Tanzania/Kenya: Savannah Clinker has abandoned its US$198m bid to acquire Bamburi Cement, leaving Tanzania-based Amsons Group as the sole bidder with an offer of US$168m. The withdrawal followed the exit of Savannah Clinker’s financier, Global Infrastructure Finance & Development Authority, due to the arrest of chair Savannah Ndeta on suspicion of fraud and the Capital Markets Authority (CMA) declining a 60-day extension request.

A spokesperson for Savannah Clinker said "The withdrawal of the competing offer has been occasioned by the recent well-publicised arrest and indictment of the chair and main shareholder of Savannah, Benson Ndeta, which has led to the financier of the competing offer seeking additional due diligence. This is further compounded by the CMA’s decision to decline a request made on 2 December 2024 to extend the offer period by 60 days."

Kyrgyzstan: The Ministry of Economy and Commerce in Kyrgyzstan has initiated an anti-dumping investigation into cement imports from Kazakhstan and Uzbekistan. The investigation covers imports over the past three years amid a ‘sharp’ rise in import volumes, according to Kun.Uz news. Cement imports increased by 130% from January – September 2024, reaching 401,000t, with Kazakhstan exporting 269,700t of cement worth US$14.3m and Uzbekistan exporting 124,000t valued at US$9.2m. Uzbekistan’s cement exports increased from 1000t in 2023 to 123,000t during January – September 2024. The investigation aims to determine breaches of fair competition rules and protect Kyrgyz producers and the domestic market.

UK: Material Evolution has launched its 'ultra-low carbon' cement production plant, Mevo A1, in Wrexham. The facility was commissioned in October 2024 and operates on an industrial scale with a capacity to produce 120,000t/yr of its MevoCem product, which the company claims can achieve up to 85% emissions reductions compared to ordinary Portland cement. The plant uses Material Evolution's alkali-fusion process that doesn’t require heat or a kiln, producing a cement capable of undergoing geopolymerisation.

Sam Clark, co-founder and chief operating officer said "This launch takes us one step closer to achieving our goal of removing one gigaton of CO₂ by 2040."

India: Star Cement has said that it plans to expand its capacity by an additional 2Mt/yr through a greenfield project in Silchar at a cost of US$47.2m. The expansion is expected to be completed within the next two years.

This announcement comes after Star Cement dismissed reports suggesting that Adani Group subsidiary Ambuja Cement had entered talks to acquire the company, as part of its strategy to expand its presence in the Northeast. According to the Economic Times, Star Cement labelled the claims as ‘speculative’ and clarified that ‘no such discussions are underway.’

Sanjay Agarwal, joint managing director of Star Cement, said “At a time when the building materials sector is growing, we are not looking to exit this business.”

Star Cement has a total installed production capacity of 7.7Mt/yr. Its operations include a 1.67Mt/yr integrated cement plant in Meghalaya and four grinding units.

Afghanistan: Al-Falah Al-Alami Company will build a new cement plant in Jabal Saraj, north of Kabul, with an investment of US$220m. The plant is expected to reduce Afghanistan’s dependency on imported cement. It is reportedly being built on a 120-hectare site and will create employment opportunities for around 5000 people. All raw materials required for cement production will be sourced locally.

According to a post on X by spokesman for the Islamic Emirate of Afghanistan, Mawlawi Zabihullah Mujahid, the Jabal Saraj cement plant will have the capacity to produce 5000t/day of cement or 1.6Mt/yr.

UK: Aggregate Industries has built a 45m high and 32m diameter airform dome silo at the Port of Tilbury in Essex. The silo is part of its new cement import, manufacturing and distribution facility, which is under construction. The inflatable structure will store up to 30,000t of cement to support demand for construction materials in the region. Aggregate Industries worked with US-based Dome Technology to inflate the dome. Contractor Dome Technology will now apply nearly 4500m³ of sprayed and wet mix concrete to form the dome silo.

The cement facility is expected to be operational in 2026.

Germany: Fluor has signed a front-end engineering and design (FEED) contract with Heidelberg Materials for its GeZero project to integrate an industrial-scale CO₂ capture and storage solution into its cement production facility in Geseke. Fluor will recognise the undisclosed contract value in the fourth quarter of 2024. It will be responsible for design integration of several decarbonisation technologies at the Geseke cement production facility. Construction is planned to start in 2026, with commissioning three years later.