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Nuvoco Vistas completes Vadraj Cement acquisition 24 June 2025
India: Nuvoco Vistas has completed its acquisition of Vadraj Cement, upon the payment of US$20.9m to lenders led by Punjab National Bank and Union Bank of India. Gujarat-based Vadraj Cement operates a 6Mt/yr grinding unit in Surat. The acquisition increases Nuvoco Vistas' installed cement capacity by 24%, to 31Mt/yr.
Nuvoco Vistas undertook the acquisition through its wholly-owned subsidiary Vanya Corporation.
India: Adani Group subsidiary Ambuja Cements has commissioned a 2.4Mt/yr expansion to one of its West Bengal cement facilities. Reuters has reported that the move raises the producer's total installed capacity to 103Mt/yr.
Sri Lanka: Tokyo Cement Group has opened a new 1Mt/yr grinding plant in Trincomalee, Daily FT News has reported. The move raises the producer's capacity by 33%, to 4Mt/yr. Japan-based Mitsubishi Ube Cement Corporation was technical partner for the construction of the plant, which was executed entirely by Tokyo Cement Group’s in-house engineering teams.
UK: Heidelberg Materials UK has opened a railway line connecting its Horton limestone quarry in North Yorkshire to the rail network. The move reinstates the movement of materials by rail, following a transition to road transport upon the original closure of the railway line in 1965. Heidelberg Materials UK expects to supply 1650t/yr of stone for use as aggregates in the construction industry in North West England.
Holcim completes spin-off of Amrize 23 June 2025
US: Holcim completed its 100% spin-off of its North American business Amrize through a dividend-in-kind distribution of one Amrize share per Holcim share owned as of 20 June 2025. The move creates two independent, publicly traded companies, each with its own management and operational focus, according to the company.
Holcim CEO Miljan Gutovic said “This is an exciting moment for Holcim and Amrize as we begin a new chapter as independent companies. I thank all employees for contributing to the many remarkable achievements of Holcim including the exceptional execution of the spin-off. We wish Amrize success in the future under the leadership of its chair and CEO Jan Jenisch.”
Shares of Amrize began trading today [23 June 2025] on the SIX Swiss Exchange and New York Stock Exchange under the ticker ‘AMRZ.’