News

Nuvoco Vistas Corp. Ltd., a cement group in India, has successfully completed its Alternative Fuel Resource (AFR) project at Risda Cement Plant (RCP) in Chhattisgarh and Nimbol Cement Plant (NCP) in Rajasthan. By incorporating alternative fuels, the company aims to minimise environmental impact and decrease the usage of traditional fossil fuels.

Holcim US announced a milestone clean energy investment in northeast Michigan with a new partnership to bring the company’s largest solar project in the Midwest to its cement plant in Alpena. When combined with existing renewable energy efforts, the solar initiative will help the plant self-generate 75 percent of its electric power needs with green energy—an important step toward fulfilling Holcim’s pledge to power all of its US operations with 100 percent renewable energy by 2030.

JSW Cement has secured a $50 million Sustainability Linked Loan (SLL) from BNP Paribas Singapore to bolster its environmental initiatives, the JSW Group company said.

Nigeria’s second-largest cement producer, BUA Cement, has gotten a $500 million financing package from the International Finance Corporation (IFC) to develop two new production lines in Sokoto State.

SCGC, one of the largest grey cement producers in Egypt and a subsidiary of the Heidelberg Materials, is celebrating its milestones in reducing its CO2 emissions and its environmental impact to be in line with Egypt’s 2030 Vision as well as the United Nations Sustainable Development Goals.

Heidelberg Materials is continuing its progressive dividend policy: The Managing Board and Supervisory Board will propose to the Annual General Meeting, which will be held on 11 May, to distribute a dividend of €2.60 per share for the 2022 financial year. Subject to the approval of the shareholders, this corresponds to an increase of 8% compared to the previous year’s dividend of €2.40 per share. Based on the HeidelbergCement AG share price as at 31 December 2022, the dividend yield is 4.9%.