South Africa: PPC has commenced a buyback of US$10.8m-worth of its registered shares, the Cape Times newspaper has reported.

Chief executive officer Roland Van Wijnen said "We have been very conscious of our capital allocation to ensure our debt levels come to acceptable levels and we have finally achieved that." He added "We believe our share price is well below the true value and therefore we believe it is better for our shareholders to initiate a share purchase rather than a distribution through cash."

India/US: The US Attorney's Office has requested that large Adani Group shareholders submit correspondence from the group. Reuters has reported that the office is investigating representations made by India-based Adani to its US investors, following fraud allegations by US-based short-seller Hindenburg Research.

An Adani Group spokesperson said "We are not aware of any such subpoena to investors."

Saudi Arabia: Southern Province Cement has secured a loan worth US$373m from Saudi National Bank. The loan will cover its construction of a 5000t/day production line at its upcoming Jizan cement plant, as well as the construction of infrastructure for a second new line of the same capacity at the plant. The producer appointed China-based Sinoma International Engineering to build the plant in May 2023.

Reuters has reported that the loan has a duration of 10 years and a two-year grace period.

India: Sinoma subsidiary LNV Technology has won an engineering, procurement and construction (EPC) contract in India. Reuters News has reported that the contract is in the area of 'cement production.' Its value is US$53.8m.

LNV Technology is headquartered in Chennai, Tamil Nadu. It previously supplied grinding systems and other equipment for JK Lakshmi Group, Jaiprakash Associates (now part of Dalmia Bharat) and Holcim India (now part of Adani Group).

India: Shree Cement has rejected findings by the government's Income Tax Department of tax fraud worth US$2.8bn. NDTV News has reported that the producer's alleged financial mismanagement resulted in losses of up to US$170m/yr for national and state governments. The mismanagement reportedly included the use of forged documents. Authorities conducted a second set of searches at company sites in Rajasthan during the week ending on 25 June 2023, following preliminary searches on 21 June 2023.

Shree Cement said "The company's management team is available and extending full cooperation to the officials. The information as required by the officials is being made available."

World: Menzel Elektromotoren says that it has successfully supplied a new MEBSSL-type three-phase slip ring mill motor to a cement plant. The supplier modeled the new motor on a preexisting machine at the site, with a 710mm-high shaft and 2000kW rated power capacity. It is also equipped with a short-circuiting and brush-loading device. It said that this will reduce costs and increase efficiency.

Menzel Elektromotoren is currently building a new motor plant at Henningsdorf in Brandenburg, Germany, which will also function as its new headquarters from 2024.

India: Tamil Nadu Cement Corporation plans to rehabilitate limestone mines which serve its 500,000t/yr Ariyalur cement plant in Tamil Nadu. The state's Minister for Industry Thalikottai Rasuthevar Baalu Rajaa said that the state-owned producer will plant saplings to start the restoration.

The Hindu newspaper has reported that Rajaa and other ministers of the Tamil Nadu government visited the Ariyalur cement plant on 25 June 2023.

France: Lafarge France has signed a memorandum of understanding with green hydrocarbons specialist Axens, utilities provider EDF and research firm IFP Energies Nouvelles for a synthetic fuel production trial. The partners will build a plant to produce kerosene using captured CO₂ from a carbon capture installation at Lafarge France's Saint-Pierre-La-Cour cement plant. The project, called Take Kair, aims to produce fuel for use by aviation companies, including Air France-KLM Group.

Holcim France president François Petry said "The decarbonisation of our processes and products is at the heart of our strategic commitment to reach Net Zero by 2050. Beyond the modernisation of our production tools, we work on all industrial and technological levers to reduce our emissions, and thus decarbonise our industry. With the Take Kair project, we are taking a decisive step in the capture and management of our residual CO₂ emissions and participate with our partners in the emergence of an innovative and sustainable sector serving the country's mobility needs."

Lafarge France, a subsidiary of Switzerland-based Holcim, announced a Euro40m investment in the 1.6Mt/yr Saint-Pierre-La-Cour cement plant to achieve carbon neutral cement production there in March 2022.

India: Nuvoco Vistas has commissioned feeding systems for alternative fuel (AF) in the pyro-process sections of its Nimbol and Risda cement plants. The systems will handle municipal solid waste, including unrecyclable plastic.

Managing director Jayakumar Krishnaswamy said "As part of our Protect Our Planet agenda, we view the AF projects as an important step towards fulfilling our commitment to sustainable cement manufacturing and reducing the environmental impacts. The successful completion of this project demonstrates our commitment to reducing carbon emissions, maximising waste consumption and demonstrating responsible resource management practices.” He added "This along with, other themes under Protect Our Planet agenda, is enabling Nuvoco to build robust partnerships with several stakeholders, and contribute to society at large.”

US: The Portland Cement Association (PCA) hosted a one-day session in mid-June 2023 aimed at establishing guidelines for the definition of 'low carbon' cement and concrete. The association called the session a 'Critical first step' towards ensuring clarity for stakeholders.

The PCA said "Low carbon is increasingly defined in the eye of the beholder, with little or no regard to either upstream and downstream impacts or short-term and long-term strength, durability and resilience concerns."