Global Cement News

India: Adani Cement has withdrawn its membership of the Indian cement industry association, the Cement Manufacturers’ Association (CMA). Adani Cement is India’s second biggest cement producer. The Economic Times newspaper has reported that ACC and Ambuja Cements, which Adani Cement acquired in September 2022, have not shared their production and sales data with the CMA for ‘a few years.’

Canada: Holcim subsidiary Lafarge Canada has extended its biodiversity collaboration with the Forêt-Boucher Foundation. Under the expanded partnership, Lafarge Canada has committed to annual contributions of US$11,200/yr until 2028.

The collaboration will focus its efforts on conservation of the Boucher Forest in Quebec, near the site of Lafarge Canada’s Klock quarry. Boucher Forest contains habitats with 1150 different species.

India: Uttarakhand police successfully raided a fake cement blending and bagging plant in the state’s Udham Singh Nagar District. The Hindustan Times newspaper has reported that police recovered 1250 bags of fake cement bearing ACC and UltraTech Cement branding, as well as further empty bags. They arrested one suspect at the scene.

Nigeria: BUA Cement has secures a new loan worth US$500m from the International Finance Corporation (IFC). The producer informed the Nigerian Exchange (NGX) that it plans to use the fund for capital expenditure (CAPEX) investments in new projects.

India: JK Cement has secured in-principle approval from its board of directors to enter into a share purchase agreement for 100% of shares in Toshali Cements. The Economic Times has reported the value of the agreement as US$19m.

Toshali Cements operates the 200,000t/yr Ampavalli cement plant in Odisha and the 435,000t/yr Choudwar grinding plant, also in Odisha. JK Cement said that its acquisition of Toshali Cements will help the group to expand into Eastern India.