India: Dalmia Cement (Bharat) faces a potential stumbling block to its planned acquisition of Jaiprakash Associates’ cement business for US$683m due to an on-going shareholder dispute at subsidiary Jaypee Bhilai Cement. The Economic Times newspaper has reported that a court has frozen Jaiprakash Associates’ 74% shareholding in the company, and ordered it not to create new third party rights. State-owned Steel Authority of India Limited holds the remaining 26% stake in the cement producer, which operates the 2.2Mt/yr Bhilai Jaypee grinding plant in Durg, Chhattisgarh.

Dalmia Cement (Bharat) and Jaiprakash Associates concluded multiple separate agreements for the transfer of ownership of Jaiprakash Associates’ cement subsidiaries on 26 April 2023. Besides Jaypee Bhilai Cement, these include cement plant and limestone mine operator JP Super and grinding plant operator Jaiprakash Power Ventures.

Argentina: Holcim Argentina has awarded a contract to 360Energy to supply 30,000MWh/yr of electricity from its solar power plants. La Voz del Interior newspaper has reported that 360Energy will supply the energy from its 200MW network via the Renewable Energy Term Market (MATER). This will cover 75% of Holcim Argentina’s power consumption, corresponding to the production of 2.7Mt of cement. This will eliminate 68,600t/yr of CO₂.

Holcim Argentina chief executive officer Christian Dedeu said “I am very happy because we are taking a new step in our commitment to zero emissions in Holcim's operations, and we will continue working every day to build progress for people and the planet.”

South Korea: The Korean Railway Workers’ Union called a four-day strike of its 13,000 members across South Korea on 14 September 2023. Reuters has reported that the union is seeking higher pay, improved working conditions and the expansion of bullet train services into South Seoul. The Ministry of Transport predicts that total cargo haulage will drop by 53 - 79%. The Korean Cement Association (KCA) said that a protracted strike would disrupt cement production. The industry is 40% reliant on rail transport.

A representative from a KCA member said “We have secured some inventory in preparation for the strike, but it's not a lot. If the strike lengthens, we will have to convert to land transport, which will drive up costs and hit profitability."

India: Shree Cement is reportedly planning to raise US$84.4m through the sale of bonds. Reuters has reported that the bonds will mature in five years from their date of issue.