Economy & Market

Republic Cement to delist shares from local bourse

Published

4 years ago

October 19, 2021

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Republic Cement & Building Materials Inc., formerly Lafarge Republic Inc., has said that it plans to delist its shares from the Philippine Stock Exchange on March 15. Republic Cement said in a public announcement that its board of directors approved and authorised the voluntary delisting of shares in accordance with the exchange?s rules on delisting.

The company earlier expressed plans to delist its shares after its public float fell below the 10-per cent minimum requirement of the exchange.

AEV-CRH Holdings Inc., a 60:40 joint venture between conglomerate Aboitiz Equity Ventures Inc. and Irish cement maker CRH International, acquired a 99.09-percent stake in Lafarge Republic in September.

The PSE suspended the trading of the company?s shares on September 15, after the latter?s public float fell below the 10-per cent minimum public ownership requirement. AEV had signed a $400-million loan agreement with The Bank of Tokyo-Mitsubishi UFJ Ltd. to partially finance the cement venture.

Concrete

Cement industry to gain from new infrastructure spending

Published

2 weeks ago

July 24, 2025

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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/

Concrete

AI boom drives demand, says ACA

Published

2 weeks ago

July 24, 2025

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The American Cement Association projects a nearly 1Mt annual increase in US cement demand over the next three years, driven by the surge in AI data centres. Consumption by data centres is expected to grow from 247,000 tonnes in 2025 to 860,000 tonnes by 2027. With over 5,400 AI data centres currently operating and numbers forecast to exceed 6,000 by 2027, the association cautions that regulatory hurdles and labour shortages may impact the industry’s ability to meet demand.

Image source:https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1zOrih.img?w=2000&h=1362&m=4&q=79

Concrete

GoldCrest Cement to build plant in India

Published

2 weeks ago

July 23, 2025

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GoldCrest Cement will build a greenfield integrated plant with a 3.5Mt/yr clinker capacity and 4.5Mt/yr cement capacity. GoldCrest Cement appointed Humboldt Wedag India as engineering, procurement and construction contractor in March 2025 and targets completion by March 2027. It has signed a 40-year supply agreement with Gujarat Mineral Development Corporation for 150Mt of limestone from its upcoming Lakhpat Punrajpur mine in Gujarat.