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Seruji buys 60% stake in Savannah Cem

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Mauritian company Seruji has acquired a 60 per cent stake in Athi River-based Savannah Cement following approval from the Competition Authority of Kenya (CA). Seruji completed the buyout from China?s Wan Ho International, which held 40 per cent and Acme Wanji, which owned 20 per cent. Savannah Heights has retained a minority stake in Savannah Cement. The shareholding shake-up makes Savannah Cement Kenya?s first fully-owned cement producer, as both Seruji and Savannah are owned by Savannah Cement founder Benson Ndeta.

The buyout comes ahead of a planned $250m clinker plant project in Athi River by Savannah Cement, which aims to reduce its operating costs by eliminating clinker imports. Cement demand has risen steeply over the past two years in tandem with a host of several large projects in both the public and private sectors. The $1.88 billion Lamu coal power plant and the $3.23 billion standard gauge railway are among the projects that have increased domestic cement demand.

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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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