Libya: Al-Hosn International Company for Building Materials Industry has partnered with China and Germany-based Zenith to establish an insulated concrete block plant. The Benghazi Chamber of Commerce has held a meeting with the companies to discuss their plans.
Hoffmann Green Cement Technologies launches Swiss joint venture with construction company
Switzerland: Hoffmann Green Cement Technologies has launched a new joint venture with a Switzerland-based construction industry partner. Hoffmann Green Cement Technologies will hold a minority stake in the new subsidiary, which will produce its reduced-CO2 clinkerless cement at an upcoming plant. The producer says that the unit will apply the vertical production model of its existing H2 plant in France.
Co-founders of Hoffmann Green Cement Technologies Julien Blanchard and David Hoffmann said "After signing our first contract outside France more than a year ago, we are proud to accelerate our international development through a licensing model for Hoffmann Green technologies and processes. The opening of this first subsidiary in Switzerland proves the attractiveness of our carbon-free solution without clinker outside our borders, and constitutes a structuring step in the development of Hoffmann Green."
Qalaa Holdings' sales and loss rise in first quarter of 2022
Egypt: Qalaa Holdings recorded first-quarter 2022 sales of US$991m, more than double its figure for the first quarter of 2021. Its loss during the quarter was US$30.9m, up by 22% year-on-year from US$25.4m. Its subsidiary ASEC Holding Group increased its sales by 46% year-on-year to US$53m. The cement company attributed the growth to the 'strong performance' of its integrated cement plant in Sudan.
Daily News Egypt has reported that Qalaa Holdings is currently prioritising the on-going restructuring of its debts.
Holcim to acquire Cantillana
Belgium: Switzerland-based Holcim has agreed to acquire façade and external insulation systems producer Cantillana. Cantillana employs 200 people across nine plants in Belgium, France, Germany and the Netherlands. Its forecast full-year sales are Euro80m in 2022. Holcim says that the move is in line with its Strategy 2025 - Accelerating Green Growth target of expanding its solutions and products unit to 30% of group sales.
