Global Cement News

Croatia: The European Climate, Infrastructure and Environment Executive Agency (CINEA) has granted Holcim Hrvatska Euro117m-worth of EU funding for its KOdeCO Net Zero decarbonisation project. The project aims to decarbonise cement production at the company’s 500,000t/yr Koromačno cement plant in Istria by building a Euro237m carbon capture system there.

Holcim Hrvatska says that the project will commence in January 2024 and conclude by the end of 2028.

Uganda: Holcim subsidiaries Bamburi Cement and Cementia Holding have negotiated a price of US$120m for Hima Cement with buyer Sarrai Group. Business Daily News has reported that the price is 14% higher than the company’s previous valuation. The parties said that the agreed price takes into consideration ‘multiple factors,’ including Hima Cement’s performance in 2022 and forecast performance for 2023.

Mexico: Cemex has increased its borrowing under a credit agreement with Banorte by 15% to US$347m, and extended its maturity to 2028 from 2026 previously.

Cemex told investors "The credit agreement, denominated in Mexican pesos, will have an interest rate margin dependent on the leverage ratio slightly lower than that applicable prior to the refinancing, and financial obligations consistent with an investment grade capital structure."

France: Climate protest group Earth Uprising says that it will target sites belonging to Holcim subsidiary Lafarge France for demonstrations as part of planned actions between 9 and 12 December 2023. Ouest France News has reported that the demonstrations will include a ‘festive but determined’ gathering at Lafarge France’s Saint-Barthélemy-d'Anjou concrete plant in Maine-et-Loire on 10 December 2023.

Lafarge France said “The people who intend to respond to this call for mobilisation against our sites have the wrong target. Of all industrial sectors, ours is moving the fastest and strongest in favour of the climate.” It added “Moreover, we are useful to society. The country's needs for housing, public facilities and infrastructure are immense, and concrete represents the best solution to meet them.”

US: Mexico-based GCC has hired ThyssenKrupp Polysius North America to build a 3000t/day clinker production line at its Odessa plant in Texas. When commissioned in late 2025, the line is expected to more than double the plant’s clinker capacity to 2Mt/yr across three kilns. The supplier says the project will also lower the plant’s annual CO₂ emissions by 13%.

GCC chief executive officer Enrique Escalante said "We remain strongly committed to delivering strong stakeholder value, while investing in the future growth of our business. With the expansion of the Odessa plant, we will ensure GCC is prepared for a new phase of the industry cycle."