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Adani Group in discussion to buy a huge share in Ambuja Cements Ltd

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Ambuja Cements Limited has a market value of $748.94 billion

Adani Group may sign an agreement to purchase a majority share in Ambuja Cements Ltd from Swiss firm Holcim. Now, Ambuja is owned by the world’s largest cement company, which has a 63.1% share.Ambuja Cements had a market value of $748.94 billion.According to media sources, JSW Group, an Indian metals-to-cement giant, is among the other bids for the assets.Holcim is attempting to diversify its business by focusing on building technologies rather than its main industry of cement and aggregates, as it places a greater emphasis on sustainability.As per media sources, no final decisions have not been made yet regarding this decision.Ambuja Cement was founded in 1983, with a cement capacity of 31 million metric tonnes, six integrated production plants and eight cement grinding units throughout India.Adani Enterprises Ltd., the main company of the Adani Group, has two cement companies.According to media sources, Adani Cementation Ltd. plans to establish an integrated factory in Gujarat.Adani Cement Ltd. was founded by the group in June 2021.

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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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