The core of the Caribbean cement industry consists of the Dominican Republic (with 5.9Mt/yr in integrated capacity), Cuba (4.7Mt/yr) and Jamaica (3.5Mt/yr). Haiti and Trinidad & Tobago also command small, single integrated plants, while there are numerous grinding plants and cement terminals along the region’s extensive coastlines. The industry has been the subject of new
Cemex’s CEO Fernando González joined a panel of other business representatives at the 78th Session of the UN General Assembly on 18 September 2023. The United Nations Global Compact, the UN’s 9500 member-strong stakeholder platform for sustainable business, hosted the panel. González and fellow panellists discussed issues including sustainable finance, global fairness and the effects
India: Ambuja Cements has concluded a deal to acquire a 57% stake in Sanghi Industries for US$202m. Reuters has reported that the company has offered to subsequently increase its stake in Sanghi Industries to as much as 83% for up to US$295m in total. It will fund the acquisition of any stake through internal accruals. Sanghi
World: Bulgaria-based consultancy firm OneStone Consulting has joined the World Cement Association (WCA) as an associate member. OneStone Consulting provides comprehensive market reporting, strategic advisory and sustainability consulting services for the cement and building material industries. OneStone Consulting managing director Joe Harder said “We’re very pleased to be joining WCA and look forward to sharing our
Shree Cement has pulled out of the race to acquire a 40 – 70% stake in Sanghi Cement for US$205 – 369m. The Financial Express newspaper has reported that Shree Cement said that it will shift its short-term focus to ‘internal expansion.’ Sanghi Cement operates 6.1Mt/yr of cement capacity and a 143MW captive power plant
UNACEM Peru said that it reduced its CO2 emissions per tonne of cement by 2.7% year-on-year during 2022. Throughout the year, the company reduced its electricity consumption by 3.4%. It sourced 90% of its electricity from renewable sources and met 70% of its fuel needs with natural gas. UNACEM Peru is committed to reaching carbon neutral
Asia Cement has launched its 2050 decarbonisation strategy, entitled ‘Net-Zero Carbon Emissions By 2050 – Asia Cement Advanced Deployment.’ The strategy consists of multiple pillars, namely ‘alternative fuels,’ ‘reducing cement’s clinker factor,’ ‘increasing renewable energy reliance’ and ‘carbon capture.’ During 2022, Asia Cement reduced its limestone, clay, iron and sand consumption by 266,000t, its coal
Nuvoco Vistas has commissioned feeding systems for alternative fuel (AF) in the pyro-process sections of its Nimbol and Risda cement plants. The systems will handle municipal solid waste, including unrecyclable plastic. Managing director Jayakumar Krishnaswamy said “As part of our Protect Our Planet agenda, we view the AF projects as an important step towards fulfilling
Mineral Products Association Lime (MPA Lime), the body representing the UK lime sector, has launched the Net Negative 2040 Road map. The association said that the road map sets out the strategy for its to ‘go beyond net zero’ by 2040. The industry will rely on the deployment of fuel switching, carbon capture, renewable energy
Shareholders have approved Ireland-based CRH’s board recommendation to transition to a US primary listing on the New York Stock Exchange. The company says that it will effect its transition on or around 25 September 2023. This will entail delisting shares from Ireland’s Euronext Dublin, while retaining a standard listing on the UK’s London Stock Exchange
- 1
- 2