Australia: Boral announced the expiration of its tender offer for up to US$300m-worth of guaranteed senior notes on 21 July 2022. The producer recorded a total principal amount tendered of US$425.7m. The 3.75% notes are due in 2028.

India: Sagar Cement’s net sales were US$69.8m in the first quarter of the 2023 Indian financial year, up by 42% year-on-year from US$49.1m in the first quarter of the 2022 financial year. The quarter, which ended on 30 June 2022, saw an 82% year-on-year increase in costs to US$72.7m from US$40.1m. As a result, the company recorded a net loss for the quarter of US$1.64m, compared to a net profit of US$6.08m in the first quarter of the 2022 financial year.

Canada: The provincial government of Alberta has signed a contribution agreement for US$3.87m in funding towards Lafarge Canada’s planned carbon capture installation at its Exshaw cement plant. The cost of the system is US$20.9m. Offshore Energy News has reported that it is one of 11 carbon capture projects in the province which Alberta Minister of Energy Sonya Savage said will be operational by 2030. Ultimately, project partners plan to establish a CO₂ sequestration hub and transport network connecting the capture sites of various industry partners.

Colombia: Federación Interamericana del Cemento (FICEM) and the Global Cement and Concrete Association (GCCA) have announced their next steps to accelerate the decarbonisation of cement production in Latin America and the Caribbean. The partners have named Colombia as the region’s first Net Zero Accelerator host country. The initiative works to identify barriers to decarbonisation and to recommend policy changes to make an immediate impact. Along with fellow Net Zero Accelerator host countries Egypt, India and Thailand, Colombia brings the total coverage of the initiative to 10% of global cement capacity.

GCCA chief executive officer Thomas Guillot said “The urgency of addressing climate change becomes clearer every day. Last year, our industry made a breakthrough Net Zero global commitment to reduce our carbon footprint, and we are now driving action in Latin America to make real change in one of the regions predicted to use the most concrete and cement in the coming decades. Our Roadmap Accelerator programme, previewed today by our members and affiliate (FICEM) at Latin America and the Caribbean Climate Week, highlights the tailored policies and tools we will use to ensure that Net Zero concrete and cement is achieved by 2050.”