The Tanzania Fair Competition Tribunal (FCT) has ruled that Heidelberg Materials subsidiary Scancem International cannot acquire Tanga Cement from AfriSam at present. The Fair Competition Committee had previously approved the acquisition to proceed in February 2023. In its latest ruling, the FCT found that the commission had not been within its powers to set aside
Alpacem subsidiary W&P Cementi has concluded a deal to buy Buzzi’s Fanna cement plant in Friuli-Venezia Giulia. The plant has a clinker capacity of 660,000t/yr. As a part of the deal, Buzzi will obtain a 25% stake in Alpacem’s Austrian subsidiary Alpacem Zement Austria. Alpacem said that the deal expands the companies’ existing strategic partnership
The Global Cement and Concrete Association (GCCA) has named the 15 anticipated deliverers of low-CO2 cement and concrete production shortlisted for participation in its second Innovandi Open Challenge. The association chose the start-ups based on their potential to deliver CO2 emissions reduction in the global cement and concrete sector in line with its Concrete Future 2050 Net
Sinoma International Engineering was revealed this week as the winner of a contract to build a new production line at Southern Province Cement’s Jizan plant. The China-based engineering firm said that the US$330m contract was to build a full line, from limestone crushing to bagging, with an output of 5000t/day. The construction period is expected
The Global Cement and Concrete Association (GCCA) has received over 70 submissions to its Innovandi Open Challenge 2023, and is now preparing the shortlist of startups to present their pitches on 30 June 2023. The Innovandi Open Challenge seeks new disruptive technologies to help to achieve net zero cement and concrete production by 2050. Startups
The government has defended its support for the acquisition of a majority stake in Tanga Cement by a subsidiary of Heidelberg Materials. In 2021 Scancem International, a subsidiary of Heidelberg Materials, agreed to buy a 68% share of Tanga Cement from AfriSam for around US$59m. The Fair Competition Commission (FCC) provisionally approved the deal but
Eagle Materials announced this week that it had completed the acquisition of Martin Marietta’s cement import business in the north of California. A key part of the deal includes the sale of a cement terminal at Stockton. No value for the transaction has been disclosed. The agreement prompts discussion for two immediate reasons. Firstly, it
CalPortland and Martin Marietta Materials have cancelled a deal under which CalPortland was set to acquire the Tehachapi cement plant and other assets worth US$350m in Southern California. The US government’s Federal Trade Commission (FTC) described the cancelled deal as ‘presumptively illegal.’ FTC Bureau of Competition director Holly Vedova said “Following an in-depth investigation by
The General Authority for Competition (GAC) has fined 14 local cement producers around US$37m for price fixing. The companies were found to have broken local competition law following an investigation by GAC. They are now each liable for a US$2.7m penalty. The producers concerned are: Al-Safwa Cement; Al-Madina Cement; Umm Al-Qura Cement; Al-Jawf Cement Company;
Hungary: The government has enacted an ‘architecture law’ which will increase its role in decision making within the Hungarian cement industry. When it enters force in July 2023, the law will let the government set producers’ cement volumes and prices. It will also require the companies to sell their products to the market-leading retail network, and