News

Unacem, Peru’s largest cement company, has acquired a US plant for US$317mn, the company said in a market disclosure.

The Cement sector has successfully adopted a Track and Trace System, following directives from the Federal Board of Revenue (FBR). This system ensures real-time monitoring of cement production to ensure accurate tax calculations.

Sagar Cements is focussed on improving the overall efficiency and utilisation levels of its recently acquired units, according to Joint Managing Director, Sreekanth Reddy.

Shree Cement, the third largest cement manufacturer, will invest in setting up a clinker capacity of 3.65 million tonnes in Pali, Rajasthan.

As part of its decarbonisation strategy, Heidelberg Materials pioneers a large-scale closed-loop recycling project called CIRCO₂BETON®. As a first in France, the company will install an industrial scale selective separation platform at its Achères quarry near Paris, where demolished concrete will be crushed using novel processes and separated into its components: sand, aggregates, and recycled concrete paste (RCP).

Decreased demand and increased costs have put Vietnamese cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.

Heidelberg Materials acquires SER Group, a leading integrated company in the demolition and construction materials recycling business, based in Heilbronn, Southern Germany. With an annual revenue of around €50 million and three modern recycling sites, SER Group is the market leader in the greater Heilbronn area and employs more than 220 people. The acquisition comes shortly after the take-over of Berlin-based RWG Holding GmbH in November 2022 and highlights Heidelberg Materials’ focus on enhancing its circular economy activities.