Cement News tagged under: construction
Betolar scoops Finnish innovation award12 April 2024, Published under Cement NewsBetolar has won the Finnish Chemical Society’s Circular Economy Innovation Award in recognition of its chemistry business idea that offers both environmental and economic benefits. Betolar's method, industrial waste and side streams can be converted into low-carbon building materials for the needs of mining and construction. This geopolymer-based building material can reduce the carbon footprint by using standardised industrial side streams, such as fly ash and blastfurnace slag. Produc... |
SCG to develop biochar-infused cement09 April 2024, Published under Cement NewsSiam Cement Group (SCG) is collaborating with Biochar Life, a pioneer in biochar technology for environmental sustainability, to develop biochar-infused cement and other sustainable building materials. The two companies have signed a Memorandum of Understanding (MoU) that targets four areas: innovative development, supply chain integration, research and sustainability, and smallholder impact. The collaboration will involve the launch of a pilot project at Chiang Mai University for the ... |
Saint-Gobain acquires Canada-based Bailey Group09 April 2024, Published under Cement NewsSaint-Gobain has entered into a definitive agreement for the acquisition of The Bailey Group Companies, consisting of Bailey-Hunt Ltd and its subsidiaries, a privately owned manufacturer of metal building solutions for light construction in Canada, for CAD880m (US$651.8m) in cash. Bailey is a leading player in metal framing in Canada, posting sales of CAD532m in 2023. With a 75-year history, it operates 12 manufacturing plants across Canada and has been a long-standing partner of Saint... |
Funding boost for Peruvian construction sector08 April 2024, Published under Cement NewsInternational Finance Corporation (IFC) and Japan International Cooperation Agency (JICA) have provided the final tranche of a US$400m financing package to global finance group BBVA in Peru with the objective to promote sustainable construction and energy efficiency projects in the country. The first part of the financing, carried out in June 2023 by IFC, was for US$150m. The financing package from IFC and JICA will allow BBVA to strengthen its loan portfolio for sustainable constr... |
Holcim acquires concrete construction systems specialist Tensolite05 April 2024, Published under Cement NewsHolcim has signed an agreement to acquire Tensolite, a leading manufacturer of innovative precast and pre-stressed concrete construction systems with US$22m of net sales in 2023 and a strong presence in fast-growing Latin American markets. With plants and a distribution network across Argentina, Paraguay and Uruguay, Tensolite will expand Holcim’s Solutions & Products portfolio and strengthen its geographical footprint. Oliver Osswald, region head Latin America, said: “By acquiring Ten... |
South African construction index expands04 April 2024, Published under Cement NewsAfrimat has released the findings of its Afrimat Construction Index (ACI) for the 4Q23. The ACI is a composite index of the level of activity within the South African building and construction sectors and is compiled by economist Dr Roelof Botha on behalf of Afrimat. According to Dr Botha, the lethargy of the economy as a whole during the fourth quarter of last year was evident in the construction sector, with five of the 10 constituent indicators of the ACI recording QoQ negative real gr... |
AfriSam annual budget discussion centres on sluggish construction sector05 March 2024, Published under Cement NewsAfriSam recently gathered its stakeholders for its Annual Budget Breakdown event in Johannesburg, to hear insights on the construction sector and budget speech. Econometrix Chief Economist, Dr Azar Jammine, highlighted that the South African construction and building industries were still in the doldrums, with little sign of emerging from it soon. Dr Jammine pointed to the low economic growth rate and the poor level of gross fixed capital formation as the key culprits for the situation... |
Slow recovery for Europe's construction and infrastructure23 February 2024, Published under Cement NewsAs government economic stimulus packages for dealing with COVID gradually faded out in 2023, Europe's construction and infrastructure sector witnessed a fall in demand and saw the collapse of many developers. Although inflation is set to decline, aleviating the cost of building materials, analysts CIC-Market Solutions still expect construction output in Europe to have declined by 2.8 per cent in 2023 with a further 2.7 per cent drop forecast in 2024. And while the sector sees demand slipping... |
Holcim expands Solutions & Products business08 February 2024, Published under Cement NewsHolcim has acquired ZinCo, a leader in advanced green roofing systems based in Germany with global operations across Europe, Asia and the Americas. The deal forms part of Holcim's efforts to advance its Solutions & Products business to 30 per cent of group net sales by 2025, entering the most attractive segments of construction, from roofing systems to insulation and renovation. According to Holcim, with its integrated green and solar roofing systems, ZinCo is expanding Holcim’s specifi... |
Enhancing productivity dominates construction start-ups, reports CEMEX26 January 2024, Published under Cement NewsCEMEX Ventures, the corporate venture capital and open innovation unit of CEMEX, has released its list of the most promising construction technology (Contech) start-ups of 2024. The list reveals the most disruptive start-ups that are redefining the construction industry according to the corporate venture capital’s four strategic focus areas: green construction (sustainability), enhanced productivity (efficiency), construction supply chain (agility), and future of construction (disruption).... |