Russia: Eurocement subsidiary Kavkazcement has announced the launch of a new CEM-II Portland limestone cement product. The company says that the cement has a wide range of applications, from “general purpose structures to objects operating under aggressive environmental conditions: concrete and reinforced concrete structures, monolithic structures, massive foundations and indoor structures, as well as in screeds, plaster mortars and dry building mixes.” Kavkazcement general director Nikolai Muradov said, “The use of cements with mineral additives provides a high-quality concrete surface; in finished products, the risk of efflorescence, cracking and other defects is reduced.” Customers can purchase the product in 50kg or 1t bags.

UK: Germany-based Loesche has joined a network of expert companies that “share relevant information and results regarding the reduction of environmental impact and the use of coal and enhanced energy security globally” in becoming an IEA Clean Coal Centre knowledge partner. The company said, “We are excited to be part of this renowned group of companies that aim to improve the environmental impact by use of green technologies, renewable resources, and alternative use of energy sources for more sustainable engineering projects.”

US: Mexico-based Cemex has announced its investment in Arqlite, a producer of aggregates from waste plastic. Arqlite won the Cemex Ventures Global Construction Startup Competition in 2019. Other investors in the company, which began its research and development process in Argentina in 2016, include Kamay Ventures and Chris Graff.

The Cemex Ventures Global Construction Startup Competition 2020 remains open to applicants until 26 July 2020.

Germany: Following a comprehensive review of its assets HeidelbergCement has announced a Euro3.4bn impairment to its company value compared to the figure from a precious valuation prior to the second quarter of 2020. The company gave the reasons for the impairment as: the demand impacts of the coronavirus pandemic; economic effects on operations in individual countries; notably in the UK post-Brexit; and an increase in the market risk premium used by the Institut für Wirtschaftsprüfer (German public auditing body) for valuation to 7% from 6%. The largest regional impairment was Euro2.7bn, in Western and Southern Europe. Euro2.3bn of the total impairment, “relates to the Hanson acquisition” by HeidelbergCement in 2007.