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Norges Bank acquires 5% stake in Cahya Mata Sarawak

18 September 2023

Malaysia: Norway-based Norges Bank has bought a 5% stake in Cahya Mata Sarawak, Bernama Daily Malaysian News has reported.

The bank said “Norges Bank's mission is to promote economic stability and manage substantial assets on behalf of the Norwegian people.” It added “As part of its investment strategy for the Government Pension Fund Global, Norges Bank seeks to optimise returns within the framework of its investment mandate.”

Published in Global Cement News
Tagged under
  • Malaysia
  • Cahya Mata Sarawak
  • Norges Bank
  • Stake
  • Acquisition
  • pensions
  • bank
  • Shares
  • GCW626

Sublime Systems secures ASTM C1157 designation for Sublime Cement reduced-CO2 cement

18 September 2023

US: Sublime Systems’ Sublime Cement reduced-CO2 cement has received an ASTM C1157 designation. InterestingEngineering News has reported that this enables builders to use it in various projects in line with international building codes. Sublime Systems’ cement consists of lime and silica produced by electrolysis using non-carbonate calcium compounds.

CEO Leah Ellis said "Our aim is to make a profound and lasting impact on global CO2 emissions. The ASTM C1157 designation is a validation of our efforts to integrate low-carbon innovation into quality construction materials."

Published in Global Cement News
Tagged under
  • US
  • Sublime Systems
  • silica
  • lime
  • electrolysis
  • Standards
  • certification
  • Sustainability
  • CO2
  • Alternative raw materials
  • GCW626

Associated Pan Malaysia Cement secures right to evict monks from Gunung Kanthan caves monastery

18 September 2023

Malaysia: A court has granted Associated Pan Malaysia Cement (APMC) the right to evict Buddhist monks from the Gunung Kanthan caves monastery in Hulu Kinta, Perak. The land is part of a site where APMC has leased 146 hectares of land for limestone extraction. New Straits Times News has reported that the producer operates quarries in Zones A and B of the site, but has yet to commence extraction from Zones C and D. Local authorities had previously given assurance that mining operations ‘would not disturb’ the monastery.

Monks from the Thudong tradition established the Gunung Kanthan caves monastery across two caves in Gunung Kanthan hill in the early 20th century. Today, it contains numerous artefacts and works of art.

Published in Global Cement News
Tagged under
  • Malaysia
  • Associated Pan Malaysian Cement
  • Quarry
  • Mining
  • Government
  • Court
  • place of worship
  • disruption
  • planning
  • Limestone
  • Conservation
  • Dispute
  • eviction
  • GCW626

South African cement industry’s capacity utilisation drops below 60% in 2023 financial year

18 September 2023

South Africa: The cement industry produced 13Mt of cement during the 2023 financial year, which ended on 31 March 2023. This corresponds to a capacity utilisation rate of 59% across its 22Mt/yr installed capacity. The Business Day newspaper has reported that the industry competes in the domestic market against imports that are 40% lower in price.

Published in Global Cement News
Tagged under
  • South Africa
  • Production
  • data
  • Capacity utilisation
  • Import
  • Price
  • market
  • GCW626

KS-Engineering remembers Klaus Schneider

18 September 2023

Germany: KS-Engineering says that Klaus Schneider died on 14 September 2023, at the age of 71. Schneider had served as managing director of KS-Engineering since 1991. He first launched the business as an ‘engineering office for environmental process engineering.’ Schneider was an internationally recognised luminary in the field of pneumatic conveyor technology, and was well known around the professional world through his seminars, articles and specialist contributions on the topic.

KS-Engineering described Schneider as ‘Creative, with a lot of scientific curiosity, always imaginative and with enormous commitment.’ His family will hold a memorial service and funeral in Rudersdorf cemetery hall at 11AM on 20 September 2023.

Published in Global Cement News
Tagged under
  • KSEngineering
  • Death
  • managing director
  • pneumatic conveying technology
  • GCW626
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