Denmark: Swisspearl Group has concluded an agreement to acquire fellow fibre cement board producer Cembrit. The Switzerland-based group said that it is creating the second-largest supplier of fibre cement products in Europe.
DG Khan Cement ships 50,000t of cement to the US
Pakistan: DG Khan Cement has despatched a shipment of 50,000t of cement for Houston, US, from Karachi. The Balochistan Times newspaper has reported that the shipment is the first of 12 consignments of the same size under an order for 600,000t of low-alkali cement. If successful, the order may double to 1.2Mt. The producer is using jumbo bags to transport the product on its 42-day journey overseas.
Marketing director Fareed Afzal said that Pakistani businesses need to diversify their export markets and strengthen foreign currency reserves. He added that DG Khan Cement continues to reduce its products' carbon footprints by using renewable energy, waste heat recovery (WHR) and alternate fuels (AF).
Cemex fined US$89,000 for omitted transactions
Mexico: The Mexican Federal Economic Competition Commission (COFECE) has fined Cemex US$89,000 for failing to notify it of a transaction that exceeded the threshold for notification. COFECE also approved the transaction in question.
Cemex has the right to seek legal recourse against the fine.
Global Cement Magazine all set for Hillhead 2022
UK: Global Cement Magazine is ready for the Hillhead 2022 quarrying, construction and recycling show that takes place on 21 – 23 June 2022 taking place in Derbyshire. You can find Global Cement Magazine at stand PB14 in the Main Pavilion. The event was originally planned to take place in June 2021 but was postponed for one year following the UK coronavirus-related lockdowns. Held in a limestone quarry, the organisers say that it is the largest exhibition of its kind anywhere in the world.
