UAE: India-based JSW Cement has applied to borrow between US$50m and US$55m from two UAE-based banks to continue development on its planned 1Mt/yr integrated Fujairah plant, the capacity of which it plans to double to 2Mt/yr within a year of its scheduled January 2020 opening. Arabian Business has reported that the loan will bring the project’s total investment to US$110m with a 30:70 equity/debt ratio. The government has granted JSW Cement a 35-year quarry lease and a licence for the extraction of up to 6Mt/yr of limestone for use at the plant, which will be served by a Terex MPS 1200t/hr crushing plant.
550 local people directly or indirectly employed in cement production at Fujairah.

UAE: A&K International Investment has divested itself of 29% of total shares from its stake in RAK Cement to an undisclosed buyer. RAK Cement’s profit fell by 79% year-on-year to US$0.39m in the first half of 2019 from US$1.88m. Its intended purchase of an integrated cement plant and quarry in the UAE was abandoned in September 2019.

Germany: Four of Europe’s leading cement producers have partnered to found and operate a 100% carbon capture and storage (CCS) plant at Schwenk Zement’s 1.0Mt/yr Mergelstetten plant in southern Germany. HeidelbergCement has announced that the catch4climate project will enter operation in 2020.

Mexico: Cemex Ventures has partnered with BCG and Tracxn to launch a list of 2019’s global 50 ‘most promising’ construction start-ups. Assessment categories were technical innovation, project management and sustainability. Companies like the UK’s Cloud Cycle, a concrete management platform provider, and the US’s Concrete Sensors, which provides remote concrete strength, temperature and relative humility measurement solutions, typify the promising developments in how the construction industry uses its cement.