India: Jaiprakash Associates has defaulted on its scheduled repayments of loans worth US$381m. Dion News Service has reported that the debt consists of US$203m-worth of overdue payments and a further US$178m in principal. The group’s total indebtedness is reportedly US$3.63bn. Its lenders include
HDFC Bank, Bank of India, Union Bank of India and over 30 other institutions.
LafargeHolcim US becomes Holcim US
US: Holcim has announced the rebranding of its US-based LafargeHolcim US subsidiary to Holcim US. The name change is the first in any region since parent company LafargeHolcim became Holcim in July 2021. The producer says that this regional rebrand marks a ‘significant milestone’ towards establishing a shared purpose and vision across its global operations.
Holcim will continue to work towards becoming the global leader in innovative and sustainable building solutions through building progress for people and the planet.
Continental Cement’s Davenport cement completes PLC transition
US: Summit Materials subsidiary Continental Cement’s 1.1Mt/yr Davenport, Iowa, cement plant has become the latest US cement plant to transition to 100% Portland limestone cement (PLC) production.
Summit Materials executive vice president Tom Beck said "Our transition to PLC at Davenport aligns with the Portland Cement Association (PCA)'s Roadmap to Carbon Neutrality.” He continued “It is critical that the industry comes together and acts now to create sustainable building solutions for decades to come. The US cement and concrete industries can collectively address climate change, decrease greenhouse gas emissions and eliminate barriers that are restricting environmental progress through the continued adoption of product and manufacturing innovations."
ACC launches Concrete Direct delivery app
India: ACC has launched its new Concrete Direct app for booking and live tracking concrete deliveries. The producer says that the app reduces operational follow-up calls.
Managing director and CEO Sridhar Balakrishnan said “At ACC, we recognise the need to improve and lead through digitalisation. We are happy to launch Concrete Direct, a premium digital tool that saves time and money for our customers. With such innovations, we want to enhance customer experience and build a strong ecosystem of partners to support them.”
