Displaying items by tag: agreement

Belarus/Russia: Belarusian Cement Company has reached an agreement with the Republic of Khakassia for the delivery of regular coal shipments for its cement plants. The new agreement will ensure the weekly transport of approximately four trains loaded with coal from November 2024 - January 2025, meeting 100% of the demand of the Belarusian plants.

Brazil: China-based Sinoma Overseas has signed an engineering and supply contract for the Z02 cement grinding plant and a technical cooperation framework agreement with Votorantim Cimentos. The agreements were signed by Sinoma chair Zhu Linhe and Votorantim’s global projects director Alvaro Lorenz. This collaboration marks the third cement grinding plant project between the two companies and is part of Votorantim's ‘2028 Development Strategy.’ The contract encompasses the design, equipment supply, and technical services for a 150t/hr cement grinding plant.

Zhu Linhe said "Votorantim is the most valuable client for Sinoma Overseas, this contract and agreement strengthens the strategic partnership between the two companies. It is the strong commitment of Sinoma Overseas to support Votorantim in achieving its '2028 Development Strategy' with Sinoma’s extensive industry expertise, advanced technology and mature localised operations.”

Morocco: Heidelberg Materials has signed a strategic agreement to acquire Votorantim Cimentos' assets in Morocco, including a 63% share in cement and ready-mix concrete producer Asment de Témara and the entire stake in aggregates supplier Grabemaro through its subsidiary Ciments du Maroc. This acquisition positions Ciments du Maroc to expand its operations in Northern Morocco, adding a cement plant with a production capacity of 1.4Mt/yr, two aggregates sites and eight ready-mix concrete plants. The acquisition includes access to an alternative fuels platform enhancing the fuel rate at the newly acquired cement plant to 70% by 2027, reportedly contributing to reduced environmental impact and optimised production-related energy costs. The completion of the transaction awaits regulatory approval from Moroccan competition authorities, and financial details remain undisclosed.

Chair of the managing board of Heidelberg Materials Dominik von Achten said "Our latest investment marks an important step as part of our ongoing portfolio optimisation to strengthen our core markets. Expanding our presence in the attractive Moroccan market while increasing our use of alternative fuels will generate substantial financial synergies and thus help us accelerate our ambitious decarbonisation efforts throughout our sites in the country and grow our local offering of sustainable solutions."

Bangladesh: LafargeHolcim Bangladesh Limited (LHBL) has entered into a memorandum of understanding with conglomerate PRAN-RFL Group. The agreement focuses on the sustainable disposal of non-biodegradable and non-recyclable materials from PRAN-RFL's food products at LafargeHolcim's Chhatak cement plant in Sunamganj.

Corporate finance director Uzma Chowdhury noted its operation of three recycling plants capable of processing 40,000t/yr of discarded materials. He said "Some materials cannot be recycled. These often mix with soil and water, causing significant environmental harm. This is why we are partnering with LafargeHolcim to ensure that non-recyclable materials are managed in an effective and environmentally friendly manner. Now, non-biodegradable and non-recyclable food products produced by Pran-RFL Group will be managed in a sustainable manner at the LafargeHolcim plant."

CEO of LafargeHolcim Bangladesh Mohammad Iqbal Chowdhury said "LafargeHolcim has been working for a zero waste future though its Geocycle wing. Our Chhatak plant is the only integrated cement plant in Bangladesh that produces clinker. This enables us to manage different kinds of ‘waste’ sustainably."

India: Dalmia Bharat announced that its subsidiary, Dalmia Cement (Bharat), has entered into a share subscription and shareholders agreement to acquire a 26% stake in Truere Surya for US$5.3m. Truere Surya will establish a solar power project in Tamil Nadu, aligning with Dalmia Bharat’s goals to become carbon negative by 2040.

The solar project will have a capacity of 128MW. Completion of the transaction is anticipated within 4 - 6 months, pending customary conditions.

Philippines: First Gen will supply electricity from geothermal sources to Holcim Philippines plants in Mindanao. Under the agreement, First Gen subsidiary Energy Development will provide 22% of the energy needs for Holcim's manufacturing facilities in Bunawan, Davao City, and Lugait, Misamis Oriental. This partnership is enabled by the Mindanao introduction of the retail competition and open access programme, allowing significant power consumers to select their electricity suppliers. Earlier in August 2024, Holcim announced an electricity supply agreement with Alsons Power to supply 80% of the energy needs for the two facilities.

First Gen president and chief operating officer Francis Giles Puno said "We are pleased to partner with Holcim Philippines to grow viably while decarbonising. It's not an easy journey to decarbonise and provide for a regenerative future. This requires collaboration not just through supplying power, but also through solutions that maximise and optimise electricity requirements and working to find a pathway towards net zero."

Philippines: Alsons Power has signed a retail electricity supply agreement with Holcim Philippines, committing to provide 80% of the energy needs for Holcim's facilities in Davao and Lugait, Misamis Oriental.

Edwin Villas, senior vice president and head of supply chain at Holcim Philippines, said “We are confident that our partnership with Alsons Power will help us achieve our business goals and sustainability aspirations. Partnering with Alsons Power is the right choice given its strong and trusted reputation for providing reliable and affordable electricity in its three decades in the energy industry.”

Nigeria: The Mangal Cement plant in Iluagba, Kogi State has successfully produced its first bag of cement. The plant is capable of producing 6000t/day of cement. The US$1.5bn facility aims to transform the local cement industry and will create 10,000 new direct and indirect jobs, Dateline Nigeria has reported. Mangal Industries has partnered with China-based Sinoma International Engineering for the plant’s construction, with a reported cost of US$600m.

Finland-based Wärtsilä has won a 10-year operations and maintenance agreement for a 50MW captive power plant to power the facility. Initially, the plant will use liquid fuel, but a pipeline will be constructed to allow it to use natural gas.

Chair Alhaji Dahiru Mangal said “This factory will employ the latest technology and adhere to the highest environmental standards. It is part of our ambitious programme to address Nigeria’s infrastructure and housing deficits, while demonstrating our confidence in the region’s economic outlook.”

Tunisia: Votorantim Cimentos has signed an agreement to sell its Tunisian assets to China-based Sinoma Cement for US$130m, according to Yicai Global. The deal's completion depends on regulatory approvals from China, Tunisia and the Common Market for Eastern and Southern Africa (Comesa).

All of Votorantim Cimentos' plants and offices in Tunisia will continue to operate as usual during the regulatory review.

Saudi Arabia: Al Jouf Cement has entered an agreement with Italy-based Webuild to supply cement worth US$27.7m for various projects in the upcoming NEOM city. The contract spans 41 months from signing, with potential for increased quantities. Al Jouf Cement anticipates a profitable impact on its financial statements from the third quarter of 2024 until the contract's conclusion.