Argentina: The sale of the cement plant Loma Negra by Argentine company to Brazilian firm Companhia Siderúrgica Nacional (CSN) will not proceed. The exclusivity term for negotiations expired on 12 July 2024 without an agreement, as stated in a communication to the Buenos Aires Stock Exchange by Loma Negra. It is now speculated that businessman Marcelo Mindlin may become a candidate to acquire the company.
Cemex Holdings Philippines to secure electricity from Sem-Calaca for Apo Cement
Philippines: Cemex Holdings Philippines has entered a retail supply agreement through its subsidiary Apo Cement with Sem-Calaca Res to supply 44MW of electricity to its cement plant in Naga, Cebu. The agreement will remain effective until 25 December 2024.
Chair and President Isidro Consunji said "While cement demand is currently low, we expect it to rebound as our turnaround plan progresses, supported by the 'Build Better More' programme and the anticipated easing of interest rates next year."
Holcim US wins grants for low-carbon materials production
US: Holcim US in Missouri will receive US$1.37m from President Biden's Inflation Reduction Act to support the reduction of climate pollution in manufacturing construction materials, as announced by the US Environmental Protection Agency (EPA). The grant is part of a broader effort to reduce emissions from the manufacturing industry and will aid Holcim's Environmental Product Declaration Accelerator Project.
EPA Region 7 Administrator, Meg McCollister, said "We commend Holcim for its work in advancing sustainable practices to reduce carbon emissions here in the Heartland and across our nation. Its innovative approach, supported by this grant, advances climate-friendly practices and sustainability in one of our nation's most important industries."
Türkiye's cement exports to Russia decline
Türkiye: The value of Türkiye's cement exports to Russia has fallen by 15.5% to US$40m in the first half of 2024, compared to the same period in 2023, according to Türkiye's Trade Ministry. In June 2024, cement exports to Russia totalled US$7.2m, down by 5.5% from June 2023.
Additionally, Türkiye's total cement exports from January to June 2024 decreased by 9.4%, amounting to US$2.1bn. June 2024 saw a significant reduction, with exports valued at US$336.5m, an 18.3% decline from 2023.


