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Ultratech offers to buy stake in RAK Cement Co

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UltraTech Cement has announced its intention to acquire a 31.6 percent stake in UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT).

This acquisition will be conducted through UltraTech’s fully owned subsidiary, UltraTech Cement Middle East Investments Ltd, based in the UAE. The offer period will be open from May 28 to June 24.

This follows UltraTech’s previous announcement of a $10.10 million (approximately `839.52 crore) investment to acquire a 29.39 percent equity share in RAK Cement Co.

UltraTech aims to utilise its expertise in white cement manufacturing to enhance RAK Cement’s business on a local, regional, and global scale.

RAK Cement Co, listed on the Abu Dhabi Stock Exchange and established in September 1980, reported a turnover of Rs.576.30 crore in 2023, reflecting a growth of over 7 percent compared to the previous year.

Its turnover was Rs.537.40 crore in 2022 and Rs.482.50 crore in 2021.

UltraTech Cement, with a consolidated capacity of 138.39 MTPA of grey cement, operates 23 integrated manufacturing units, 29 grinding units, one clinkerisation unit, and 8 bulk packaging terminals.

Concrete

WCA Welcomes SiloConnect as associate corporate member

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The World Cement Association (WCA) has announced SiloConnect as its newest associate corporate member, expanding its network of technology providers supporting digitalisation in the cement industry. SiloConnect offers smart sensor technology that provides real-time visibility of cement inventory levels at customer silos, enabling producers to monitor stock remotely and plan deliveries more efficiently. The solution helps companies move from reactive to proactive logistics, improving delivery planning, operational efficiency and safety by reducing manual inspections. The technology is already used by major cement producers such as Holcim, Cemex and Heidelberg Materials and is deployed across more than 30 countries worldwide.

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Concrete

TotalEnergies and Holcim Launch Floating Solar Plant in Belgium

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TotalEnergies and Holcim have commissioned a floating solar power plant in Obourg, Belgium, built on a rehabilitated former chalk quarry that has been converted into a lake. The project has a generation capacity of 31 MW and produces around 30 GWh of renewable electricity annually, which will be used to power Holcim’s nearby industrial operations. The project is currently the largest floating solar installation in Europe dedicated entirely to industrial self-consumption. To ensure minimal impact on the surrounding landscape, more than 700 metres of horizontal directional drilling were used to connect the solar installation to the electrical substation. The project reflects ongoing collaboration between the two companies to support industrial decarbonisation through renewable energy solutions and innovative infrastructure development.

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Concrete

Cortec® Corporation applauded for its strong safety performance

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Cortec® Corporation has been recognised for its strong safety performance, receiving its sixth Governor’s Workplace Safety Award for its outstanding performance in 2025. As a Silver Achievement recipient, the company continues to maintain safety metrics well above national industry averages, an impressive accomplishment for a chemical manufacturing organisation. This achievement reflects Cortec’s proactive approach to workplace safety, focused on early hazard detection and employee involvement. The company will be formally recognised at the Minnesota Safety and Health Conference in May, highlighting how industrial companies are effectively strengthening workplace safety standards.

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