Cement News tagged under: EBRD
EBRD and A³&Co support Arabian Cement on net zero journey21 November 2023, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) and consulting firm A³&Co ® have joined forces to support Egypt’s Arabian Cement Co in its transition to net zero. According to Zawya, the collaboration aims to develop a decarbonisation roadmap for the cement producer that not only reduces carbon emissions but also lowers costs by accelerating the production of low carbon cement, leveraging A³&Co’s expertise in green cement solutions, and maximising EBRD’s commitment to green in... |
EBRD sells its stake in Holcim Azerbaijan02 October 2018, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has sold its 10 per cent stake in Holcim Azerbaijan to LafargeHolcim. Therefore, the company’s share in Holcim Azerbaijan has now risen from 66 to 76 per cent. EBRD had owned the shares from 2007 and refused to increase its stake in the company to 20 per cent in August 2017, according to AzerNews. Holcim Azerbaijan, formerly Garadagh Cement, operates 1.7Mta of capacity and accounts for 40 per cent of the cement market in the coun... |
Salonit Anhovo recognised for AF usage13 July 2017, Published under Cement NewsThe Slovenian cement producer Salonit Anhovo has won a bronze EBRD Sustainable Energy Award for substantial progress in the use of non-hazardous solid recovered waste in the energy mix. The prize was presented to the company by Dariusz Prasek, EBRD Director, Environment and Sustainability Department, in the presence of Slovenia’s Minister of Economy, Zdravko Počivalšek and EBRD Head of Office in Ljubljana, Jolanta Gabriel. Salonit Anhovo is introducing a new system which will allow the pro... |
Slovenia: Salonit receives EUR15m EBRD loan14 December 2016, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has announced it is to provide a EUR15m loan to Salonit Anhovo to help it improve its operations. The funds will be used for energy and resource efficiency improvements and to restructure the company’s balance sheet. Salonit operates the largest cement works in Slovenia and alternative fuels account for 64 per cent of all fuel used for burning clinker. The EBRD loan, which will enable the installation of state-of-the-art equipmen... |
Azerbaijan: EBRD increase stake in Holcim plant16 September 2016, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) has raised its stake in the equity capital of Holcim (Azerbaijan) OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20 per cent. A statement from the EBRD read, “The bank will continue to support a major company in Azerbaijan, demonstrating continued support for the country's non-oil sector. In addition, the company is committed to sustainability standards, and will pursue the use of alternative fuels in its operations.” ... |
Azerbaijan: EBRD 20% LafargeHolcim investment23 June 2016, Published under Cement NewsThe European Bank for Reconstruction and Development (EBRD) is considering the purchase of up to a 20 per cent stake in LafargeHolcim’s cement and clinker plant in Azerbaijan. If it decides to invest, EBRD will support LafargeHolcim in improving energy efficiency through the introduction of alternative fuels. EBRD previously supported the company’s Azerbaijani plant with a EUR170m structured corporate loan in 2009, which sough to increase the plant’s production by 50 per cent. Whilst it w... |
Senj Sant cement plant opens in Mongolia10 September 2015, Published under Cement NewsA newly-opened greenfield cement plant is set to boost Mongolia’s domestic supply of building materials at a time when the country is looking to stimulate new investment and construction. The Senj Sant cement plant was opened on 13 August 2015 in Urgun Soum, Dornogovi province, 450km from the capital Ulaanbaatar. It is the first dry-process plant to be installed in Mongolia, a factor which is of particular significance given the scarcity of water in the Gobi region, the EBRD notes. Anoth... |
Titan subsidiary acquires EBRD stake in ANTEA Cement06 February 2015, Published under Cement NewsTitan Group subsidiary Αlvacim Ltd has acquired the 20 per cent stake held by the European Bank for Reconstruction and Development (ΕBRD) in ANTEA Cement, a Titan Group subsidiary in Albania. As a result of this purchase, Titan Group holds 80 per cent of ANTEA’s share capital, whereas the remaining 20 per cent is held by the International Finance Corporation (IFC). |
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