Mexico: Switzerland-based Holcim has acquired building materials retailer INDAR. INDAR operates nine distribution centres across Mexico, as well as a fulfilment centre in Guadalajara. The retailer will join the group’s Disensa Latin American retail network. Holcim says that the acquisition expands Disensa’s product range with the addition of 10,600 new products. It says that the chain stocks goods from across 80 different brands. The group added that the acquisition advances its Strategy 2025 – Accelerating Green Growth plan, under which its solutions and products business is expected to reach 30% of sales globally by 2025.

Holcim’s Latin America regional head Oliver Osswald said “With its powerful logistics network and a focus on delivering the best in service, quality and customer experience, INDAR will make a perfect fit with our Disensa network by strengthening its product range and value proposition. I look forward to welcoming INDAR’s 420 employees into the Holcim family as we reach our next era of growth together.”

India: Adani Group has entered talks with lenders for the sale of a 4 - 5% stake in Ambuja Cements. Adani holds a 63% stake in the producer, which it acquired from Switzerland-based Holcim in 2022. The Financial Times newspaper has reported that the move is intended to reduce debt and restore investor confidence in Adani Group.

The Hindu Business Line newspaper has named US-based asset management company GQG Partners as a probable buyer for the stake.

US-based short seller Hindenburg Research alleged fraud and stock market manipulation by Adani Group in a report published on 24 January 2023.

India: Adani Cement has won four awards at the Occupational Health, Safety and Sustainability Association of India (OHSSAI) Awards 2023. The producer won two manufacturing sector awards - the OHSSAAI Safety Silver Award and the OHSSAI Road Safety Gold Award - and two individual awards. The individual awards went to Ambuja Cements' chief operating officer Sukuru Ramarao, who won the Health, Safety and Environment (HSE) Leadership Award, and Ambuja Cements' head of safety, manufacturing and logistics Pankaj Singh, who won the HSE Mentor of the Year Award for his contributions to road safety.

Adani Cement CEO Ajay Kapur said "We are proud to be recognised by OHSSAI for our safety achievements. Safety is an integral part of our overall business strategy, and we are committed to continually improving our safety performance and achieving excellence in all areas of our operations. Safety is everyone's responsibility, and we are committed to maintaining a safe and healthy workplace for our employees."

Dominican Republic: Grupo Estrella subsidiary Cemento PANAM plans to execute a 1.23Mt/yr grinding plant project in the Dominican Republic. CNS News has reported that China-based Sinoma Construction won a contract to deliver the project.

Sinoma Construction said that Cemento PANAM had expressed 'strong interest' in its carbon-neutral technology. The supplier expressed the hope that the two sides might 'have further cooperation opportunities in the field of CO₂ emissions reduction.'