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20 May 2022

HeidelbergCement to acquire 50% stake in CBI

Ghana: Heidelberg said that it has signed an agreement with CBI for the acquisition of 50% of the latter’s shares. CBI is the parent company of CBI Ghana, which operates the 0.6Mt/yr Tema grinding plant in Accra. It is in the process of establishing a calcined clay plant at the facility. HeidelbergCement says that it and CBI will explore the possibility of further calcined clay projects in West Africa. Other investors in CBI Ghana include Denmark-based Investeringsfonden for Udviklingslande (IFU) and Norway-based Norfund.

HeidelbergCement’s existing Ghanaian susbidiary Ghacem operates 3Mt/yr-worth of grinding capacity at two plants in Accra and Takoradi.

HeidelbergCement managing board member Hakan Gurdal said “Characterised by high sustained market growth rates, Ghana is one of HeidelbergCement’s core markets in Africa. The new flash calciner in Ghana will be the largest worldwide, with a calcined clay production capacity of more than 400,000t/yr. Start of production is planned for 2024.” Gurdal concluded “We are committed to lowering our CO2 footprint also in emerging markets.”

Published in Global Cement News
Tagged under
  • Ghana
  • HeidelbergCement
  • CBI
  • CBI Ghana
  • Acquisition
  • Deal
  • Calcined Clay
  • funding
  • Inveseringsfonden for Udviklingslande
  • Norfund
  • Ghacem
  • CO2
  • Sustainability
  • Alternative raw materials
  • supplementary cementitious materials
  • GCW558
20 May 2022

Vietnamese cement capacity to rise by 8% in 2022

Vietnam: Three new integrated cement lines are expected to raise Vietnam’s total installed cement capacity by 8% to 115.4Mt/yr in 2022, from 106.6Mt/yr at the beginning of the year. VNDirect Securities has calculated that the upcoming lines – Dai Duong 1, Long Thanh and Xuan Thanh 3 – have a total capacity of 8.8Mt/yr. They are situated in Northern Vietnam’s Ha Nam Province and Central Vietnam’s Thanh Hoa Province, both of which already have cement overcapacity.

Viet Nam News has reported that Vietnam exported 4.31Mt of cement and clinker in April 2022, down by 7.6% month-on-month. The products’ total value was US$171m, down by 2.9% month-on-month.

Published in Global Cement News
Tagged under
  • Vietnam
  • Upgrade
  • Plant
  • line
  • Capacity utilisation
  • Overcapacity
  • Export
  • Export
  • GCW558
20 May 2022

HeidelbergCement, Holcim and Sabancı Holding are potential buyers for Sika’s US assets

US: Bloomberg has named Germany-based HeidelbergCement, Switzerland-based Holcim and Turkey-based Sabancı Holding as possible bidders for some of Sika’s US admixtures assets. Sika is seeking to divest the assets in order to obtain competition authorities’ approval for its US$6bn acquisition of Germany-based construction chemicals company MBCC from Lone Star Funds.

Published in Global Cement News
Tagged under
  • US
  • HeidelbergCement
  • Holcim US
  • Holcim
  • Sabancı Holding
  • Bid
  • offer
  • Assets
  • businesses
  • Competition
  • MBCC Group
  • Lone Star Funds
  • admixtures
  • Sika
  • GCW558
20 May 2022

Holcim Argentina publishes 2021 Sustainable Development Report

Argentina: Holcim Argentina has published its 10th Sustainable Development Report, detailing its sustainability progress in 2021. That year, it reduced its CO2 emissions per tonne of cementitious material by 4.2% compared to 2017, to 505kg/t from 527kg/t. It sourced 43% of all electricity used in its operations renewably and achieved 8.4% alternative fuel (AF) substitution in its cement production. During the year, Holcim implemented ECO-labels to designate products with at least 30% CO2 emissions reduction.

Holcim Argentina’s CEO Christian Dedeu said “This decade of reports demonstrates our strong commitment to sustainability and governance that considers economic, social and environmental impacts. The conviction of the importance of reviewing performance and being accountable for our impacts made it possible.”

Published in Global Cement News
Tagged under
  • Holcim
  • Argentina
  • Holcim Argentina
  • Brand
  • marketing
  • bagged cement
  • Product
  • Alternative Fuels
  • Sustainability
  • CO2
  • corporate social responsibility
  • GCW558
19 May 2022

2022 financial year brings increased sales and profit for JK Lakshmi Cement

India: JK Lakshmi Cement’s full-year consolidated sales were US$697m in its 2022 financial year, up by 14.6% year-on-year from US$608m in the 2021 financial year. The group’s net profit was US$61.5m, up by 13.4% from US$54.2m.

The producer said "Despite unabated increases in petcoke and diesel prices, which are hovering at all-time high, JK Lakshmi Cement was able to achieve healthy profitability through continuous improvements in operational efficiencies, energy costs, better product mixes and higher volumes."

Published in Global Cement News
Tagged under
  • India
  • JK Lakshmi Cement
  • Results
  • petcoke
  • diesel
  • costs
  • efficiency
  • Electricity
  • volumes
  • GCW558
19 May 2022

Livetouch Investments to build integrated cement plant

Zimbabwe: Livetouch Investments plans to invest US$100m in the construction of an integrated cement plant. The Herald Zimbabwe newspaper has reported that the group plans to establish the new facility in phases, with the first phase costing US$15 – 20m. The phase will include the exploration of possible locations for the plant with suitable limestone resources, which could then also supply its Redcliff grinding plant. The grinding plant currently imports 4000t/yr of Zambian clinker and also buys raw materials from Lafarge Zimbabwe.

Managing director Kyle Wang said “We are still limited by the limestone resources in the country.” He said that the company has identified ‘good limestone deposits’ in Rushinga, Nyamapanda, Bulawayo and Masvingo, however “The problem with some of the limestone is the quality.”

Published in Global Cement News
Tagged under
  • Zimbabwe
  • Livetouch Investments
  • Plant
  • Limestone
  • Import
  • Raw Materials
  • Zambia
  • Investment
  • growth
  • GCW558
19 May 2022

Kuwait Portland Cement increases sales and profit in first quarter of 2022

Kuwait: Kuwait Portland Cement more than doubled its sales year-on-year in the first quarter of 2022, to US$107m from US$45m in first quarter of 2021. The company’s net profit also rose, by 69% to US$7.18m from US$4.24m.

Published in Global Cement News
Tagged under
  • Kuwait
  • Kuwaiti Portland Cement
  • Results
  • growth
  • GCW558
19 May 2022

Court confirms Lafarge charge of complicity in crimes against humanity

France: The Court of Appeals has confirmed a charge of complicity in crimes against humanity against Lafarge, now part of Holcim. The company will now appeal the decision to the Supreme Court. The confirmation establishes the scope of the charges that Lafarge will face, if unsuccessful in its appeal.

Global Cement previously reported that Lafarge allegedly made indirect payments to terror organisation ISIS between 2011 and 2014 in order to keep its Jalabiya cement plant operational during the Syrian Civil War. French prosecutors opened an investigation into the company’s activities in the country in June 2017, leading to its indictment for complicity in crimes against humanity on 28 June 2018.

Published in Global Cement News
Tagged under
  • France
  • Syria
  • Lafarge
  • Lafarge Syria
  • Court
  • terrorism
  • corporate social responsibility
  • GCW558
19 May 2022

HeidelbergCement joins First Movers Coalition

Germany: The World Economic Forum and US State Department have welcomed HeidelbergCement as the newest member of the First Movers Coalition. Founded in 2021, the coalition brings together companies across multiple industrial sectors to coordinate the creation of demand for emerging reduced-CO2 production technologies. As part of its membership, HeidelbergCement commits to purchasing zero-emission vehicles for 30% of new heavy-duty truck purchases and 100% of medium-duty truck purchases by 2030.

US Special Presidential Envoy for Climate John Kerry said “I welcome HeidelbergCement to the First Movers Coalition, and its commitment to purchasing zero-emissions trucking solutions that the world must focus on scaling up over this critical decade. The First Movers Coalition is a critical pillar of the world's efforts to advance breakthrough zero emissions technologies to decarbonise many of the largest sectors of the global economy and to put us on a track to achieve net zero emissions by 2050.”

Published in Global Cement News
Tagged under
  • HeidelbergCement
  • First Movers Coalition
  • World Economic Forum
  • US
  • Government
  • US State Department
  • CO2
  • Sustainability
  • vehicle
  • demand
  • Trucks
  • net zero
  • Strategy
  • target
  • GCW558
19 May 2022

Dalmia Bharat Foundation signs memorandum of understanding to train 600 young people annually

India: Dalmia Bharat Foundation has signed a memorandum of understanding with Bokaro Steel Plant for the training of 600 new young people from Bokaro every year. Under the initiative, the partners will run short, placement-based courses at the DIKSHa (Dalmia Institute of Knowledge and Skill Harnessing) centre.

Dalmia Bharat Foundation CEO and Dalmia Bharat group head - corporate social responsibility Vishal Bhardwaj said “Since our inception in 2009, we’ve witnessed our role gradually transform from being a resource provider to a key enabler for positive change in society. While we’ve created a legacy of development and change for the better, we continue to strive to ensure that we meet newer economic and environmental needs and close wider societal gaps as much as possible.”

Published in Global Cement News
Tagged under
  • India
  • Dalmia Bharat
  • Dalmia Bharat Foundation
  • charity
  • community
  • training
  • Partnership
  • agreement
  • Dalmia Institute of Knowledge and Skill Harnessing
  • Bokaro Steel Plant
  • GCW558
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