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Taiwan Cement heads west

Taiwan Cement Corporation (TCC) has struck a deal to take control of the Türkiye and Portugal-based parts of OYAK’s cement business. The arrangement will see TCC grow its share of the joint-venture business in Türkiye to 60% from 40% at present and it will fully take over the Cimpor joint-venture in Portugal by purchasing OYAK’s […]

The world just got a climate-friendly cement fit to build – The Washington Post

Companies are finding more environmentally friendly ways to make cement, which accounts for about a twelfth of global carbon dioxide emissions, making it worse for the climate than flying.Now they have to convince builders that their climate-friendly cement will hold just as well as the conventional stuff.An Oakland-based company called Brimstone broke through that hurdle. […]

Siam Cement Group’s sales fall in third quarter of 2023

Thailand: Siam Cement Group (SCG) recorded sales of US$3.62bn during the third quarter of 2023. This represents a fall of 12% year-on-year. Business World News has reported that the producer attributes the decline to the on-going ‘slow economic revival’ in Southeast Asia. Nonetheless, chief executive officer Roongrote Rangsiyopash said that he expects growth to accelerate, […]

Shree Cement to invest US$670 – 730m in 20% capacity increase to … – Global Cement

India: Shree Cement has announced four planned capacity expansion projects that aim to increase its installed cement production capacity by 20% to 55.9Mt/yr. The Telegraph newspaper has reported that the producer expects to invest US$670 – 730m in the expansion. The investments will go towards the establishment of new facilities in Karnataka, Punjab, Uttar Pradesh […]

Bolivian Attorney General ready to negotiate over historic nationalisation of Fábrica Nacional de Cementos stake

Bolivia: The Bolivian Attorney General’s Office says that is open to meeting representatives of Sociedad Boliviana de Cemento (SOBOCE) in order to negotiate a ‘better arrangement’ following Bolivia’s nationalisation of a stake in SOBOCE subsidiary Fábrica Nacional de Cementos (FANCESA) by supreme decree in 2010. SOBOCE owes FANCESA US$108m in damages for unfair competition since […]

Heidelberg Materials North America inaugurates expanded Port … – Global Cement

US: Heidelberg Materials North America has inaugurated the Port Canaveral slag cement plant and terminal in Florida, following an expansion. MENAFN News has reported that the producer invested US$24m in the installation of a new roller press at the facility.Heidelberg Materials North America said “Heidelberg Materials’ investment in the Port Canaveral slag cement facility is […]