News

The cement market in India is expected to grow by 6.6% annually to reach US$18.39 billion in 2025.

CEMEX REGENERA, CONCRETOS SUSTENTABLES and an engineering company have signed a Memorandum of Understanding with the purpose of establishing a framework for cooperation aimed at developing innovative solutions for the sustainable management of construction and demolition waste in Mexico.

The Chinese government has announced the implementation of a plan to extend carbon quotas to the steel, aluminum and cement industries. Carbon allowance prices rose more than 8 % to 66.86 yuan (9.40 USD) per ton, according to exchange data.

India’s Nuvoco Vistas announced the acquisition of Vadraj Energy in a strategic move to strengthen its captive power capabilities for its cement plants. 

India is introducing a new policy aimed at expanding freight transportation by rail as part of the growing demand for cement delivery in bulk. The new rate for bulk cement has been rationalised to Rs 0.90 per tonne per km. Earlier, it was based on different distance bands.

The company said that the contract value is SAR 24.19 million, which exceeds 9 % of the company's total revenues according to the latest audited financial statements.

Titan Egypt, a part of Titan Materials, has announced the expansion of its production capacity by 1 million tons of cement per year and an increase in the use of alternative fuels during kiln firing.