Peru: Switzerland-based Holcim has acquired ready-mix concrete producer Mixercon and industrial minerals producer Comacsa for US$100m. Comacsa owns a white cement plant in Lima. Noticias Financieras News has reported that the acquisitions mark Holcim’s entry into Peru, strengthening its hold in the South and Central American market.
Regional head Oliver Osswald said "The incorporation of Comacsa and Mixercon will allow us to generate synergies and develop export markets.”
Philippines: Holcim Philippines will invest US$6.5m to upgrade its La Union plant and increase the use of alternative fuels and raw materials to 40%. The project will be implemented by Sinoma CBMIPH Construction and will be completed by late 2025, reports the Manila Bulletin.
Nicolas George, Holcim Philippines president and CEO, said the investment aims to reduce CO₂ emissions, promote recycling, support local waste management and provide income for northern Luzon farmers, who will supply biomass residues as alternative fuels.
General manager Zeng Youbing of Sinoma CBMIPH Construction said “This marks the third collaboration between Sinoma CBMIPH and Holcim Philippines since 2021. We are honoured to contribute to Holcim Philippines' decarbonisation and sustainability goals.”
Uzbekistan: Shriram EPC, a subsidiary of India-based conglomerate SEPC, has been awarded a US$325m contract from JV Ohongron Sement to build a 3Mt/yr greenfield cement plant in Urgaz Village, Akhangaran District, reports NDTV Profit. Shriram EPC will handle design, engineering, project management, civil works, supply, erection, testing and commissioning at the plant. The project will be completed over the next 30 months, according to an exchange filing.
UK: UK-based startup Cocoon has raised €4.9m in pre-seed funding to develop technology that repurposes byproducts from electrified steel furnaces into a ‘near-identical replacement’ for blast furnace slag, according to the company. The modular technology integrates into existing steel-making processes without disrupting operations or requiring high capital expenditure, reports UK Tech News. Cocoon targets a 50% replacement of cement in concrete, aiming to reduce emissions for producers. Initial tests are underway at a steel plant in northern England, followed by another in the US.
Cocoon CEO Eliot Brooks said "We’re turning a byproduct with little use into a valuable product that the market badly needs and can be easily integrated into existing supply chains. By repairing a broken link in the circular economy, Cocoon provides steel makers with a new revenue stream while meeting the low-carbon material needs of the concrete industry. For every 1t of Cocoon’s slag-based cementitious material used, 1t of CO₂ can be avoided."
Brooks hopes Cocoon's climate technology will be integrated into a pilot plant by late 2025.
