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05 January 2022

Pan-United Concrete to study use of electric and hydrogen vehicles in Singapore

Singapore: Pan-United Concrete has started a partnership with Surbana Jurongto study the feasibility of using electric and hydrogen fuel cells to power a fleet of more than 1000 trucks. The agreement is intended to support Pan-United’s sustainability targets to offer only low-carbon concrete by 2030, carbon-neutral concrete products by 2040 and to become a carbon-neutral ready-mix concrete company by 2050.

Yeo Choon Chong, the Chief Executive Officer of Surbana Jurong's Association of Southeast Asian Nations division, said, "We applaud Pan-United's ambition to decarbonise its heavy vehicle fleet and are excited to contribute to its sustainability initiative by leveraging our expertise in electrification and hydrogen solutions. Partnerships are a key method of accelerating our collective efforts to build for a safe, sustainable and resilient future for all."

Published in Global Cement News
Tagged under
  • Singapore
  • PanUnited Concrete
  • vehicle
  • Trucks
  • Electricity
  • hydrogen
  • feasibility study
  • Surbana Jurongto
  • concrete
  • Sustainability
  • GCW538
04 January 2022

Cementos Progreso to acquire Cemex’s assets in Costa Rica and El Salvador

Costa Rica/El Salvador: Cementos Progreso has agreed to acquire Cemex’s Costa Rican and El Salvadorian assets for US$335m. The divested assets consist of an integrated cement plant, a cement grinding plant, seven ready-mix concrete plants, an aggregate quarry and one terminal in Costa Rica. An additional terminal is also being sold in El Salvador. The transaction is expected to be completed in the first half of 2022 subject to approval by the relevant competition authorities.

Cemex’s chief executive officer (CEO) Fernando Gonzalez said “This transaction allows us to progress in our portfolio rebalancing objectives, while redeploying resources to fund our growth investments and further deleveraging.”

Published in Global Cement News
Tagged under
  • Costa Rica
  • El Salvador
  • Cementos Progreso
  • Cemex
  • Cemex Latam Holdings
  • Acquisition
  • Assets
  • business
  • Strategy
  • Divestments
  • GCW538
04 January 2022

Unacem buys Cemento San Antonio grinding plant from CBB

Chile: Peru-based Unacem has bought CBB’s Cemento San Antonio grinding plant in Valparaíso region for US$30.8m. The deal also covers the nearby Popeta pozzolano deposit.

Published in Global Cement News
Tagged under
  • Chile
  • UNACEM
  • Cbb
  • grinding plant
  • mine
  • Acquisition
  • GCW538
  • pozzolan
  • pozzalana
04 January 2022

CRH continues share buyback programme

Ireland: CRH says that it completed a further phase of its share buyback programme in late December 2021 with the acquisition of shares worth US$300m. The figure brings the company’s total investment in its on-going share buyback programme to US$2.9bn since it started in mid-2018. CRH has now launched the next phase of the programme, to continue until March 2022, during which time it plans to acquire a further US$300m-worth of its shares. France-based financier Societe Generale will act as principal for the repurchases on the Euronext Dublin exchange.

Published in Global Cement News
Tagged under
  • Ireland
  • CRH
  • Societe General
  • Shares
  • shareholders
  • buyback
  • GCW538
04 January 2022

Hebei province to replace 1000 polluting factories before 2026

China: Hebei province will screen out a total of 1000 existing factories for replacement with less-polluting alternatives under the Chinese government’s 14th Five Year Plan, which covers the period up to the end of 2025. The Xinhua News Agency has reported that factories, including cement plants, will undergo upgrades in order to conform to the plan’s emissions restrictions or close down. The province currently has a total of 233 green factories. Under the 13th Five Year Plan, which concluded in 2020, it reduced its installed cement production capacity by 12Mt/yr.

Published in Global Cement News
Tagged under
  • China
  • Hebei
  • Government
  • Five Year Plan
  • Emissions
  • CO2
  • Sustainability
  • GCW538
04 January 2022

Police rescue ACC executive’s child following ransom attempt

India: The nine-year-old son of an ACC executive has returned home after being kidnapped in Bargarh, Odisha. The child was playing locally on the evening of 2 January 2022 when two men on a motorcycle abducted him, according to the New Indian Express newspaper. They left a ransom note demanding around US$13,400 for his return. Following a search, police found the boy roaming the countryside shortly before midnight on the same day. They believe the assailants abandoned their plans after learning that the authorities had effectively prevented their escape by sealing the local area. The hunt for the suspects continues.

Published in Global Cement News
Tagged under
  • India
  • ACC
  • Kidnap
  • Police
  • Holcim
  • GCW538
31 December 2021

ACC receives five star rating award for sustainable mining by Ministry of Mines

India: ACC has been awarded a five star rating for sustainable mining by the Ministry of Mines. Pralhad Joshiand, the Union Minister of Coal, Mines and Parliamentary Affairs of India, and Raosaheb Patil Danve, the Honourable Minister of State for Ministry of Mines, Coal and Railways, presented ACC with the award at the fifth National Conclave on Mines and Minerals held in Delhi.

The award is a recognition of the company’s efforts towards sustainable mining at the Govari Limestone Mine, the Wadi Limestone Mine, the Gagal Limestone Mine, the Jamul Limestone Mines and the Kymore Limestone Mines from amongst 1029 mines in all over India. The mines were rated from one star to five star on the criteria including: mining methodology; resettlement and rehabilitation issues; community engagement; use of green energy sources, digitisation; and data reporting.

Rajat Prusty, the Chief Manufacturing Officer of ACC, said, “Sustainability is deeply embedded in ACC’s business model. It’s a proud moment for the company to be recognised for its efforts in sustainable mining.”

Published in Global Cement News
Tagged under
  • India
  • ACC
  • Award
  • Government
  • mine
  • Quarry
  • GCW538
31 December 2021

Al Jouf Cement signs ecology agreement

Saudi Arabia: Al Jouf Cement has signed a cooperation agreement with the National Center for the Development of Vegetation Cover and Combating Desertification to rehabilitate vegetation cover. The arrangement is intended to reduce desertification and restore biodiversity in natural environments in line with the country’s 2030 vision. Prince Faisal bin Khalid bin Sultan, Governor of the Northern Borders Region A attended the signing ceremony.

Published in Global Cement News
Tagged under
  • Saudi Arabia
  • Al Jouf
  • biodiversity
  • Government
  • GCW538
30 December 2021

Bashundhara Cement to supply cement for Dhaka road project

Bangladesh: Bashundhara Cement has signed an agreement with China-based Fifth Major Bridge Engineering to supply cement for the Dhaka Ashulia Elevated Expressway. The 24km road will connect Shahjalal International Airport to the Dhaka Export Processing Zone, according to the Daily Sun newspaper. Chinese investors will fund 65% of the estimated cost of the project under Preferential Buyer’s Credit. Bangladesh will have to repay the costs within 20 years, with 2% interest rate and a grace period of five years. Bashundhara cement products are also being used in 14 large scale bridge projects, 11 power plants, and water and sewage treatment plants.

Published in Global Cement News
Tagged under
  • Bangladesh
  • Bashundhara Group
  • Infrastructure
  • Roads
  • Fifth Major Bridge Engineering
  • China
  • GCW538
30 December 2021

Nepal Electricity Authority to supply additional 151MW to industrial users

Nepal: The Nepal Electricity Authority (NEA) has agreed to supply ten industrial users, including cement producers, with an additional 151MW of electricity as part of a drive to increase domestic consumption. The cement producers concerned include Maruti Cement, Huaxin Cement, Hongshi Shivam Cement and Arghakhanchi Cement, according to the Republica newspaper. The other industrial users are mostly steel producers. In addition another 111MW is in the final stages of being allocated by the NEA to seven other industrial plants and a further 99MW has been identified for further distribution to industrial users. The government-supervised power supplier and distributor has identified around 500MW of wasted electricity supply due to low domestic consumption and a lack of transmission lines.

Published in Global Cement News
Tagged under
  • Nepal
  • Electricity
  • Nepal Electricity Authority
  • Government
  • Maruti Cement
  • Huaxin Cement
  • Hongshi Shivam Cement
  • Arghakhanchi Cement
  • GCW538
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