Investor exit from Sabah cement plant questioned
The building of the Kampung Kawayoi Pinangah cement plant in Malaysia’s remote Tongod district on Sabah is now under scrutiny following claims that the investor pulled out. Datu...
Investment
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Amrize completes US$3.4bn bond offering ahead of spin-off
Amrize, part of Holcim, has successfully completed a US$3.4bn bond offering. The bond offering was more than four times oversubscribed, reflecting strong investor interest in th...
Cemex Ventures invests in Terra CO2
Cemex announced its most recent investment in climate-friendly and zero-carbon cement company Terra CO2, carried out through its corporate venture capital (CVC) and open innovat...
Adani Group to invest INR300bn in Kerala over five years
Adani Group has announced plans to invest INR300bn (US$3.6bn) in Kerala over the next five years, significantly expanding its presence in the state. The diversified conglomerate...
Mitsubishi UBE Cement invests US$5m in MCi Carbon
Mitsubishi UBE Cement Corp (MUCC) has invested US$5m in Australia-based clean tech company MCi Carbon, the fourth Japanese company to support MCi Carbon, after ITOCHU Corp, Mizu...
Dalmia lays out US$120m capex plans
Dalmia Bharat is set to invest around INR10bn (US$120m) in capital expenditure in the quarter ending March 2025, bringing its total spend for the current fiscal year to INR30bn ...
Titan Zlatna Panega reports profit surge
Bulgaria-based Zlatna Panega Cement , part of the Titan Group , saw its net profit soar to EUR8.4m in 2023 from EUR340,000 in the previous year as energy and fuel prices decline...
Cool Planet raises EUR23.7m capital to accelerate deployment of low-cost carbon capture solution
Cool Planet Technologies Ltd announced it raised EUR23.7m (US$25.6m) in a Series A2 funding round, led by Taranis Carbon Ventures. Other investors were CRH Ventures and BlueScop...
Holcim invests in Sublime Systems in low-carbon tech scale-up
Holcim has invested in Sublime Systems, a leading low-carbon cement technology start-up, to expand its range of highly-engineered solutions to decarbonise building at scale, acc...
Road spending to boost Indian cement demand
India’s cement companies are expected to benefit from a boost in road infrastructure spending. In her Budget 2024 speech, Nirmala Sitharaman, India’s Union Finance Minister anno...