News

Suez Cement Group of Companies - a subsidiary of HeidelbergCement has become the first grey cement company in Egypt and Africa to obtain an Environmental Product Declaration (EPD) certificate in accordance with international ISO standard. The Dcarbon documents confirm the enhanced properties of products in their environmental impact.

The proposed combination involves acquisition of 100 per cent stake in Holderind Investments Ltd by Endeavour Trade and Investment Ltd.

Padeswood cement works in Flintshire has been shortlisted for funding as part of the Department for Business, Energy and Industrial Strategy’s (BEIS) Phase 2 Carbon Capture and Storage Cluster Sequencing process.

The India Cements Limited has posted a net profit of 76 crore for the quarter ended June 30, 2022, an increase of 103% over that of the corresponding quarter last financial year at 37.4 crore. The leading cement manufacturer is likely to effect a revision of cement prices by next week due to rise in the cost of various commodities.

Martin Marietta Materials announced that it has entered into a definitive agreement to sell the Tehachapi, California cement plant and related distribution terminals to CalPortland Company for $350 million in cash.

Horia Adrian, President and CEO of Holcim Philippines, Inc. said: “We are determined to deliver value to all our stakeholders despite soft market and cost pressures. Our strategy to embed sustainability in our operations is enabling us to manage current challenges and deliver sustainable business performance. We are committed to pursue initiatives to broaden our range of innovative and eco-friendly building solutions, advance operational efficiency through digitalization, and strengthen customer engagement for better business results and more positive impact.”