Connect with us

Economy & Market

CRH Cements to buy Jayajothi Cements for Rs 1,400 cr

Published

on

Shares

CRH Cements company is to buy Sree Jayajothi Cements (SJJC) from the diversified Shriram Group for Rs 1,400 crore. CRH is an Irish building materials giant. Through its equal joint venture, My Home Industries, CRH has been operating in India since 2008, when it acquired the 50 per cent stake. Currently CRH has three manufacturing units in Andhra Pradesh that produces 3.2 million tonne of cement per annum.

The company has also set up a 1.5 million tonne grinding capacity. This acquisition will help CRH further scale up its India operations, especially in Andhra Pradesh. Set up in 2006, SJJC has a 2.3 million tonne/annum cement plant which includes a 1.9 million tonne clinker facility in Kurnool district.

The listed engineering and construction arm of the $8 billion Shriram Group, Shriram EPC took a controlling stake in SJJC last February after the original promoter T.R. Kannan failed to repay Rs 563-crore dues to the engineering contractor which was a vendor to the company. The take-over by Shriram EPC was a fairly unusual event.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Concrete

Holcim UK drives sustainable construction

Published

on

By

Shares

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.

Image source:holcim

Continue Reading

Concrete

GCCA releases LCR system

Published

on

By

Shares

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.

Image source:highways.today

Continue Reading

Concrete

FLSmidth opens eco-friendly plant in Casablanca

Published

on

By

Shares

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.

 

Continue Reading

Trending News

SUBSCRIBE TO THE NEWSLETTER

 

Don't miss out on valuable insights and opportunities to connect with like minded professionals.

 


    This will close in 0 seconds