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ABG Shipyard seeks buyer for Vadraj Cement

India: ABG Shipyard plans to sell Vadraj Cement, which owns a decommissioned clinker unit and grinding unit, as well as quarries and a jetty, in Kutch, Gujarat. The National Company Law Tribunal took over winding up proceedings for the former cement producer in September 2023. The Economic Times newspaper has reported JSW Cement, Adani Group […]

Huaxin Cement buys remaining African business from InterCement – Global Cement

Mozambique/South Africa: China-based Huaxin Cement has agreed to buy the Africa-based business of InterCement for US$265m. The deal includes the Brazil-based company’s assets in Mozambique and South Africa. It follows InterCement’s sale of its business in Egypt earlier in 2023 to an unnamed buyer. The company will use the latest proposed sale to reduce its […]

San Miguel Corporation’s cement-related sales rise in 2023

Philippines: San Miguel Corporation reported sales of US$19.8bn during the first nine months of 2023, down by 5% from those recorded in the corresponding period in 2022. Nonetheless, the group’s net income more than doubled, to US$560m from US$232m. Its building materials subsidiaries, Eagle Cement, Northern Cement Corporation and Southern Concrete Industries, contributed US$519m (2.6%) […]

An Alabama plant is now churning out low-carbon concrete – Canary Media

Canary MediaColumnsRESOURCE CENTERPodcastsDaily newsletter 18 May 2023 Concrete makers around the world are racing to reduce emissions from the ubiquitous but hard-to-decarbonize industry. This week, that global effort took an important step forward at a modest facility in central Alabama.On Wednesday, the startup CarbonBuilt said commercial production of its low-carbon concrete has begun at a plant in […]

An Arizona plant will pull CO2 from the air and trap it in concrete – Canary Media

Canary MediaColumnsRESOURCE CENTERPodcastsDaily newsletter 22 March 2023 For the last two centuries, nearly all the concrete used in buildings, bridges, dams and roads has been held together with a key ingredient: Portland cement. The limestone and clay fusion is ubiquitous, inexpensive — and extremely carbon-intensive to produce.Recently, startups and established construction firms alike have begun devising […]

China's cement makers race to consolidate amid property woes – Nikkei Asia

CNBM combines units as Beijing urges industry realignmentDALIAN, China — The depressed real estate market in China is prompting cement manufacturers to remix their operations, with industry leader China National Building Material Group merging production units and its rivals acquiring smaller players.A CNBM cement plant in Dalian was quiet during this reporter’s visit in mid-July.Discover […]

Hail Cement’s sales decline in first nine months of 2023

Saudi Arabia: Hail Cement recorded sales worth US$46.2m in the first nine months of 2023, down by 35% year-on-year from US$71.5m in the first nine months of 2022. Nonetheless, the producer’s net profit more than tripled to US$5.7m from US$1.57m. During the third quarter of the year, the company’s sales dropped by 50% year-on-year to […]