Egypt: Misr Beni Suef Cement has signed a contract worth nearly US$6m with solar energy supplier IRSC, in cooperation with JINKO and HUAWEI, to establish a solar power plant at its site in Beni Suef Governorate.

The project aims to increase the company’s use of clean energy and reduce the environmental impact of its industrial operations. The capacity of the facility has not been disclosed.

US: Titan America, the US subsidiary of Titan Cement, has filed a registration statement for its proposed initial public offering (IPO) with the Securities and Exchange Commission. The company plans to list shares on the New York Stock Exchange (NYSE), including both primary and secondary sales, aiming to raise up to an estimated US$500m, subject to market conditions.

China: CBMI Construction has officially launched a flash calcination clay project in Tangshan, Hebei province. Karen Scrivener, head of the Laboratory of Construction Materials at the School of Engineering at the Ecole polytechnique fédérale de Lausanne (EPFL), attended the event. Scrivener is a prominent researcher and advocate for LC3 (limestone calcined clay cement).

CBMI’s other clay projects around the world as a contractor include the SPL Calcined Clay Project in France, the CIZ Calcined Clay Project (rotary calciner) in the Czech Republic, the Guayaquil Calcined Clay Project in Ecuador and the Ivory Coast Calcined Clay Project (flash calciner).

India: JSW Cement has received regulatory approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) after a four-month hold-up since September 2024. The IPO includes a fresh issue of shares worth US$230m and an offer for sale by three shareholders, Apollo Global Management, Synergy Capital and State Bank of India (SBI), worth US$230m combined.

Proceeds from the fresh issue will include US$92.3m for a new cement unit in Nagaur, Rajasthan, and US$83m for debt repayment.