News
The Swiss company Holcim has agreed to acquire building materials and solutions operations in Colombia in a deal valued at 485 million USD.
The government of Senegal has acquired a 10 percent stake in the local subsidiary of Dangote Cement. Following the transaction, Dangote Cement’s ownership in the Senegalese unit decreased from 99.99 percent to 89.99 percent. The state has become a minority shareholder.
The Brazilian cement company Votorantim Cimentos is implementing an investment program of 5 billion BRL (Brazilian real), which provides for an increase in production capacity in the country by 3.7 million tons per year.
The Board of Directors of Cementos Argos has approved a capital expenditure program for 2026 totaling more than USD 50 million. The investments will be allocated to the modernization of the company’s plants in Colombia.
The Indian cement company Shree Cement plans to increase its production capacity in the country to 80 million tons per year by 2029.
Votorantim commissioned a new 1.0 Mta grinding mill at its Edealina cement plant in Goiás in Brazil.
The French company Vicat has received a second grant for the implementation of the VAIA (Vicat Advanced Industrial Alliance) carbon capture and storage project at the cement plant in Montalieu-Versier, the largest in France.