Philippines: Holcim Philippines and Sungshin Cement have signed a memorandum of understanding whereby Holcim Philippines will be priority supplier of cement for use in Sungshin Cement's ready-mix concrete operations in the Philippines, InPR News has reported. South Korea-based Sungshin is anticipating growing demand from infrastructure projects, partly due to a US$3bn development loan agreement between the government of the Philippines and South Korea.

Philippines: Holderfin, an existing 18% shareholder in Holcim Philippines, has acquired an additional 9.2% stake in the company from Japan-based Sumitomo Osaka Cement. This raises its control over Holcim Philippines to more than 27%. As a result of the deal, the proportion of publicly held shares in the cement producer fell to 5%. PhilStar News has reported that Holcim Philippines is now possibly seeking to delist from the Philippine Stock Exchange (PSE).

The producer said “Holderfin informed the company that if the company will be unable to issue additional shares to the public sufficient to raise its public float to the required level, Holderfin is prepared to make a tender offer for all outstanding common shares of the company held by the public with the aim of subsequently conducting a voluntary delisting of the company’s common shares from the Main Board of the PSE.”

US: The Mine Safety and Health Administration (MSHA) has fined Dragon Products for failure to comply with mine safety rules. The Maine Monitor newspaper has reported that inspectors issued 33 citations following an inspection of its quarry in May 2023.

Thomaston cement plant manager Jennifer Small said that the citations primarily relate to 'housekeeping,' and that the company has 'promptly addressed these citations and worked closely with the MSHA to improve plant safety.'

Dragon Products, a subsidiary of Giant Cement, paid mine safety fines worth US$150,000 in 2022, US$76,700 in 2021 and US$134,000 in 2020.

World: The Global Cement and Concrete Association (GCCA) has named the 15 anticipated deliverers of low-CO₂ cement and concrete production shortlisted for participation in its second Innovandi Open Challenge. The association chose the start-ups based on their potential to deliver CO₂ emissions reduction in the global cement and concrete sector in line with its Concrete Future 2050 Net Zero Roadmap. The applicants are presenting their pitches to GCCA members on 30 June 2023. All those accepted will gain access to members' plants, labs, networks and expertise. The following start-ups made the Innovandi Open Challenge 2023 shortlist:

GCCA cement director and innovation lead Claude Loréa said “We received more than 70 quality applications, so drawing up a shortlist was challenging." Loréa continued "Our essential industry needs something easily scalable and affordable. Those start-ups on the list demonstrated the most potential, and we look forward to hearing more about their ideas. But we’ll also be keeping in touch with other start-ups who didn’t make this year’s shortlist, with future projects in mind.”