Ireland: 26 hedge funds have bought or expanded stakes in CRH since 30 June 2023. Bloomberg has reported that existing shareholders that expanded their holdings included US-based Baupost Group and Soros Fund Management.
CRH is due to complete its transition into a primarily US-listed company in late September 2023.
Malaysia: Police reported the death of a man at a cement plant in Kinta District on 16 August 2023. The 26-year-old contractor had been cleaning hardened cement from a silo through its manhole, when he fell in and was submerged by cement. Medical staff pronounced him dead after his arrival at hospital. Perak State Occupational Safety and Health Department has issued a stop-work notice to the contractor.
Cement plants in Kinta District include Aalborg Portland Malaysia’s Aalborg Perak plant, Malayan Cement’s Kanthan plant and Tasek Cement’s Tasek cement plant.
Colombia: Cemento País expects to commission its upcoming Aguas Prietas grinding plant in Turbaco, Bolívar, soon. The plant will have a capacity of 0.48t/yr, and cost US$20m in total. ESEuro News has reported that investors in Cemento País include engineering and construction firm AGM Desarrollos. The owners expect to corner a 15% share in Colombia’s Atlantic Coast cement market. The Aguas Prietas grinding plant will also produce 300,000m3/yr of ready-mix concrete.
Uzbekistan: Uzbek six-month cement production was 5.7Mt during the first half of 2023, the Agency for Statistics of Uzbekistan has reported. The figure corresponds to growth of 10% year-on-year.
