News
Shree Cement Ltd said that it has commenced trial production at its new cement grinding unit of 3 million tonnes (MTPA) capacity in the Purulia district of West Bengal. The total investment in the unit is around ₹550 crore, which the group has entirely funded through internal accruals.
Region: India
19.06.2023 16:57Shree Cement to expand capacity
Once expansion is completed, company’s combined capacity will go up to 55.9mt from current level of 46.4mt
Region: India
13.02.2023 18:02CEMEX reports double-digit top-line growth with record reduction in CO2 emissions in 2022
CEMEX announced double-digit top-line growth for 2022 and 4th quarter driven by a robust pricing strategy designed to recover margins. For 2022, EBITDA and EBITDA margin showed improving trends in 4th quarter. CO2 emissions declined by ~4.6% in 2022, the second consecutive year of record carbon reductions.
Region: Mexico
30.01.2023 18:13CEMEX expands Regenera circularity business with new acquisition
CEMEX announced that it has acquired a 51% stake in Israel-based SHTANG Recycle LTD, a construction, demolition, and excavation waste, (CDEW) recycling company. The acquisition aligns with CEMEX’s strategy to strengthen its business in developed markets through bolt-on acquisitions in businesses with strong circular and sustainable attributes.
Region: Russia
24.01.2023 14:39Lipetskcement spent RUB 26 million on updating the fleet
Eurocement continues to receive special equipment as part of the company's transport security strategy. In 2022, 165 cars were purchased at the plants. In the new year, the renewal of the fleet of automotive and quarry equipment will continue.
Region: Russia
20.01.2023 17:55EU to fund Holcim decarbonization projects
The European Union (EU) Innovation Fund announces funding of EUR 328 million in two Holcim decarbonization projects at the Financing Innovative Clean Tech Conference in Brussels. The grants will accelerate the development of Holcim’s breakthrough carbon capture utilization and storage (CCUS) projects in Germany and Poland.
Cementir Holding has received the “A-” rating for the second year in a row for Climate Change from CDP, ranking above the cement & concrete sector average (B) and the European average (B).
Region: Italy