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Colombia’s Cementos Argos to buy out US cement companies

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Cementos Argos SA, Colombia’s largest cement company plans to purchase several cement plants in South Carolina, Alabama and Georgia. The company entered the US market in 2005, and would become the fourth-largest ready mix producer in the US after it completes the purchase of the plants that it is buying from France’s Lafarge SA. Argos will finance the purchase through a bank loan and cash it has from selling its stake last year in a holding company. "Argos will also sell the portfolio assets that are unrelated to its core cement business", Jose Velez, chief executive, Cementos Argos SA said without giving more details. The purchase of some of Lafarge’s assets will bring Argos’s US investments to nearly $1.5 billion over the last five years. The Colombian company could start considering other acquisitions in 2012 once it finishes integrating the Lafarge plants, Velez added. The company’s US assets are concentrated in the Southeast, a region which Velez said could see strong growth in the construction industry in the next few years. The purchase, which is still subject to the approval of US regulators, will bring Argos’s installed capacity in the US to 3.2 million metric tonnes of cement and about 10 million cubic meters of ready mix per year. The increased reliance on dollar-denominated income has not directly affected the company’s balance sheet despite the strength of the Colombian peso against the dollar, Velez said. "Because of the weakness of the dollar most of our inputs are cheaper now," which helps offset the impact of the peso’s appreciation on dollar revenue, he said. "The net impact of the appreciation is really zero at this time," Velez added.

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Concrete

CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

Image source:https://www.heavyequipmentguide.ca/

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Concrete

JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Concrete

Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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