Global Cement News

Canada: Votorantim Cimentos subsidiary St Marys Cement has entered redemption of all its outstanding 2027 senior notes, at a value of US$229m. The company notified the holders of the notes accordingly.

China: KHD’s management team met in Nanjing in May 2024 to strategise on advancing decarbonisation in the cement industry. The meeting focused on industry needs and sustainable practices.

CEO Jianlong Shen said "We were pleased to welcome members of KHD leadership from around the world to Nanjing. Everyone who attended had the opportunity to take part in the discussion and share their ideas and suggestions for our next steps. We look forward to sharing more about our direction in due course as we continue on our collective journey to cement beyond carbon."

Germany: Flender celebrated its 125th anniversary on 10 June 2024. The company reflected on the role of its forward-looking approach in making it market leader in industrial drive technology and a pioneer in industrial transformation and sustainable business practices.

CEO Andreas Evertz said "We have always been and will always be a large Flender family. Whether employees, customers, suppliers, partners or owners – today we all feel like Flenderans. I am incredibly proud to be part of this team and to advance the energy transition with you. Because without drive technology and Flender, nothing moves in this world."

Portugal: Sacopor has inaugurated a new bag production line at its paper bag plant near Lisbon. The new line will increase capacity to 160 million bags per year from 130 million at present. It had an investment of €11.5m. The subsidiary of Cimpor sells bags to the cement mortar industries.

Nigeria: The government of Bauchi State has signed a deal with Resident Cement and Sinoma Nigeria Company for the construction of their upcoming 10Mt/yr cement plant in the state. The deal stipulates total investments by the companies of US$500m to build the plant, situated in Gwana District.

Governor Bala Abdulkadir Mohammed said "We are reassured in our commitment to maximise the available resources to exploit the natural resources Bauchi State possesses for the economic development of the state.”