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Italcementi denies reports of buying plant in India

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Italian cement maker Italcementi has denied that it was in talks to buy a cement plant owned by Jaiprakash Associates as part of plans to expand in India.Two sources with direct knowledge of the situation said last week that Italcementi was in talks to bid for one of the two cement plants owned by Jaiprakash in a deal worth about $500 million.In the first quarter, India accounted for 6 per cent of revenues at debt-laden Italcementi, which is being reorganised as sales are dragged lower in Europe by the economic downturn.An Italcementi spokesman told a news agency that the company has denied of having any talks under way with Jaiprakash Associates in India, even though the company confirm the interest of the group in evaluating any opportunities for growth in the country.Jaiprakash plans to raise up to $1.6 billion from selling the two cement plants in western Gujarat and southern Andhra Pradesh states to pay down part of its $8 billion debt.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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