News

The Holcim Alpena plant (formerly Lafarge) in Michigan is celebrating the opening of its new whole-tire, co-processing facility – a $7.4 million, state-supported initiative that will safely and cleanly convert 22,000 tons of tires per year into energy to help fuel one of the largest cement plants in the United States.

Heidelberg Materials is continuing its progressive dividend policy: The Managing Board and Supervisory Board will propose to the Annual General Meeting, which will be held on 11 May, to distribute a dividend of €2.60 per share for the 2022 financial year. Subject to the approval of the shareholders, this corresponds to an increase of 8% compared to the previous year’s dividend of €2.40 per share. Based on the HeidelbergCement AG share price as at 31 December 2022, the dividend yield is 4.9%.

Eastern Province Cement Co.’s board of directors decided to invite specialist companies to submit offers to establish a new production line to replace some of the obsolete lines at the current plant in Khursaniyah.

Vedanta Aluminium, India’s largest producer of aluminium, has entered into a long-term partnership with Dalmia Cement for supply of industrial wastes such as fly ash and spent pot lining for manufacturing low carbon cement. Under this partnership, Vedanta’s mega aluminium smelter at Jharsuguda will transport around 20 rakes of fly ash per month for 5 years to Dalmia Cement’s manufacturing units in Odisha, Chhattisgarh, Meghalaya, and Assam, and supply SPL for 3 years to the company’s plant at Rajgangpur, Odisha. Vedanta Aluminium is a preferred supplier of high-quality fly ash to some of India’s leading cement producers, fostering industrial collaboration for production of low-carbon cement.

Holcim has acquired INDAR, a leading hardware wholesaler in Mexico with 2022 net sales of USD 71 million. With this acquisition, Holcim adds more than 10,600 additional hardware products to its range of solutions across its Disensa retail network. INDAR supplies hardware of over 80 leading brands, from roofing needs to tools and adhesives all the way to electrical and plumbing supplies. The acquisition includes INDAR’s nine distribution centers around the country, as well as its fulfillment center in Guadalajara.

CEMEX announced that it has signed an agreement with green fuels producer ETFuels, to transform CO2 from CEMEX’s Alicante cement plant in Spain into green fuels. This carbon utilization project, groundbreaking in its scope and potential contribution to European energy security, demonstrates significant progress in testing and scaling technologies that are designed to contribute to accelerating decarbonization efforts in the cement production process.

CEMEX announced a series of corporate governance enhancements that continue the Company’s commitment to evolving its corporate governance profile towards global best practices. The additional enhancements announced today are further to the changes announced on February 24, 2022, highlighting the Company’s proactive and sustained focus on corporate governance matters.