Global Cement News

Finland: Cross Wrap has appointed Jukka Pennanen as its chief executive officer from the start of 2022. He succeeds Satu Kivelä in the post. She has held the position since 1994. Saalasti Group purchased 100% of Cross Wrap’s shares in February 2021.

Pennanen joined the baling and wrapping engineering company in October 2021 as a chief operating officer. Prior to this he has held a number of positions including running managing consultancy Luotsaaja for a decade. Earlier in his career he worked for Nokia for over 10 years in marketing and sales positions.

Zambia: Huaxin Cement has concluded its acquisition of Holcim's Zambian business. The business consists of a 75% stake in Lafarge Zambia. The company is reported to have a total value of US$150m. Both Chinese and Zambian competition authorities have now approved the deal.

Holcim's chief executive officer Jan Jenisch said "This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions, giving us the flexibility to continue investing in attractive growth opportunities. Huaxin has been a trusted partner for many years and we see the company as an ideal owner to further develop the business in Zambia."

In 2020 and the first 11 months of 2021, the Switzerland-based group received US$3.1bn from divestments.

Sierra Leone: HeidelbergCement has agreed to sell its 50% stake in Sierra Leone Cement Corporation to Diamond Cement Group. Sierra Leone Cement Corporation's assets consist of the 500,000t/yr Freetown grinding plant. HeidelbergCement said that its regional activity will now focus on its key markets of Benin, Burkino Faso, the Gambia, Ghana, Liberia and Togo.

India: Saurashtra Cement and Gujarat Sidhee Cement have agreed to merge into a single entity. Their respective boards of directors approved the plans on 30 December 2021.

India: Dalmia Cement has presented its plans for its planned Bokaro, Jharkhand, grinding plant expansion and heard locals' concerns at a community meeting. The company said that the plant would increase local employment and agreed to compensate communities impacted by its operations. The plans consist of the installation of 2Mt/yr-worth of new grinding capacity on 0.1ha of land.