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Realterm bags DHL as 1st tenant for its logistics park

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DHL, a global logistics and express shipper, will be the first tenant in IndoSpace Chakan, 100-acre industrial and logistics park in Pune that was developed at a cost of Rs 400 crore by Realterm Everstone Development Management, according to a top company executive.

Realterm Everstone Development Management is a joint venture between North America-based industrial real estate developer Realterm Global and private equity firm Everstone Capital, and the company plans to have the Pune-based Park entirely operational by end-2013.

The project will develop about 1.7 million square feet, Brian Oravec, Managing Partner at Realterm Everstone said. Realterm Everstone projects are typically spread across 100 and 150 acres of land, encompassing between 1.5 and 2.5 million square feet, and with an average development cost of about Rs 400 crore, according to Oravec.

The company expects to have an additional eight or nine industrial and logistics parks operational in a phased manner by the end of the next calendar year. It is currently developing 11 projects spread across Chennai, Pune and Delhi, among others. ""Our view is that there is a significant demand for modern, organised real estate space, and there is much more demand than supply, which we expect to continue in the foreseeable future," Oravec said.

Everstone Capital, which manages assets of about $1 billion in India, is a prominent participant in the Indian realty market, having invested in residential, retail and commercial real estate.

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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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