India: Penna Cement has received approval from the Securities and Exchange Board of India (SEBI) for a US$220m initial public offering (IPO). The company intends to use the funds to pay off debts and for general corporate purposes, according to the Hindu newspaper. The cement producer operates four integrated plants and two grinding plants in Andhra Pradesh, Telangana and Maharashtra that share a total production capacity of 10Mt/yr.
Dominican Republic exports US$72.3m of cement in 2018
Dominican Republic: Alexander Medina Herasme, the director of the General Directorate of Mining, says that the country exported grey cement worth US$72.3m in 2018, according to the El Caribe newspaper. The nation has five integrated cement plants and two grinding plants.
Cementos Argos to sell stake in Omya Andina for US$18.6m
Colombia: Cementos Argos plans to sell its stake in Omya Andina for US$18.6m. It said it was focusing on the cement, concrete and aggregates business, according to the La República newspaper. Omya Andina is a subsidiary of Switzerland’s Omya that operates in Colombia. It produces calcium carbonate and speciality chemicals for a range of industries including construction and agriculture.
CalPortland wins grant for new railcar mover
US: CalPortland has been awarded a US$0.34m grant by the Mojave Desert Air Quality Management District (MDAQMD) as a partner in the replacement of a 1987 Trackmobile with a 2019 Rail King RK330 railcar mover at its Oro Grande cement plant in California. The new machine has been chosen to reduce its air emissions in accordance with the California Clean Air Act.


