Malaysia: Malayan Cement has agreed to acquire YTL Cement’s cement and ready-mix concrete operations in Malaysia. MarketLine News has reported the value of the deal as US$1.25bn.
Taiheiyo Cement’s full-year sales fall as profit grows in 2021 financial year
Japan: Taiheiyo Cement recorded full-year consolidated net sales of US$7.89bn in its 2021 financial year to 31 March 2021, down by 2% year-on-year from US$8.07bn in the 2020 financial year. The group’s net profit rose by 20% to US$427m from US$357m. Domestic cement sales volumes fell by 4.8% to 13.8Mt and exports sales dropped by 2.2% to 3.8Mt. The cement producer attributed this to falling local demand for cement since June 2020 due to the suspension of construction work in response to the coronavirus pandemic. It also noted a shortage of construction workers.
Hoffmann Green Cement Technologies supplies cement for first public building
France: Hoffman Green Cement Technologies has supplied cement for Groupe GCC’s construction of a new secondary school in Aizenay, Vendée department. The Le Moniteur newspaper has reported that the cement will be used in concrete features of the Level-3 Biobased building. Groupe GCC will supply other elements made of wood. The project is the first use of Hoffman Green Cement Technologies’ products in a public building.
Karnataka government approves Shree Cement’s Doddaballapur grinding and bagging plant plans
India: Shree Cement has received approval from the state government of Karnataka for its planned US$81.5m Doddaballapur cement grinding and bagging plant. The Hindu newspaper has reported that, when operational, the plant will employ 300 local people.
