News

South Korea was to impose anti-dumping duties on white portland cement imported from Egypt

One of Turkey's largest conglomerates Sabancı Holding and Turkish cement manufacturer Çimsa have agreed to establish a gray cement grinding plant in the United States with an investment of $82 million, according to the mutual announcement made by the companies.

Hoffmann Green Cement Technologies (France), announces the signature with the Shurfah Group of a 22-year exclusive licensing agreement in order to build several Hoffmann Green units in Saudi Arabia to support the decarbonation of the construction sector in this territory.

Cemex has updated its Sustainability-Linked Financing Framework to align with its more ambitious 2030 decarbonization targets, announced on November 2022 and validated by the Science-Based Targets initiative (SBTi) for alignment under their 1.5°C scenario, the most ambitious pathway defined for the cement industry.

After an unstable first half for the Brazilian economy marked by high interest rates, high debt and family defaults, cement sales accumulated a 1.8% drop compared to the same period of 2022 with the sale of 30.3 million tons in the first six months of the year.

In its attempt to secure environmental sustainability, the Dangote cement industry, Obajana in Kogi State,  has embarked on the use of tyre, palm nut shells and sawdust as alternative fossil fuel to avoid greenhouse build-up in the atmosphere that strengthens weather changes.

The International Finance Corp (IFC) has proposed a US$150 million loan to Votorantim Cimentos S.A., one of the largest Brazilian producers of cement and the subsidiaries of Votorantim S.A.