CRH attracts new investors prior to US move
CRH is attracting new investment prior to its move to the New York Stock Exchange in September this year. According to the Irish Independent, at least 26 hedge funds have announ...
Investment
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Fitch B+ rating for United Cement Group
Fitch Ratings has awarded a B+ rating to United Cement Group (UCG) . The positive outlook by the rating agency is due UCG’s large-scale modernisation as well as with an increase...
Spain’s cement industry raises local social investments to EUR5.2m in 2021-22
The cement industry in Spain has increased its social investments in the communities where it operates its 32 plants by 79 per cent to EUR5.2m in the last two years, reports the...
Building a better Australia Premium
Adbri has been integral to the use of slag cements in Australia since the 1970s. Here, the company looks at how the role of slag cements in the Australian cement industry has pr...
Steppe Cement increases capex for 2022-23
Kazahstan’s Steppe Cement plans to invest US$7m in capex in 2022 and the first half of 2023. Among the projects outlined is the completion of the new separator for cement mill 1...
Ramco Cements announces capex and price rise
Ramco Cements has announced capex of INR12-13bn (US$154-167m) to expand its production capacity over the next two years. At its Kurnool plant, trial production of clinker is now...
Carbon Clean raises US$150m in latest round of funding
Carbon Clean has closed the largest-ever equity funding round for a point source carbon capture company with US$150m raised from existing investor Chevron. Chevron led the round...
Norfund invests in Continental Blue Investments Ghana
Norfund, the Norwegian investment fund for developing countries, has made a US$7.5m investment in Continental Blue Investments Ghana Ltd (CBI) to support the company’s drive to ...
Borneo Oil increases investment in Sabah cement plant
Borneo Oil Bhd increased its investment to MYR50.7m (US$12m) in Sabah’s first integrated clinker and cement plant, which is expected to be commissioned by the 3Q22. The plant is...
Vicat and Egypt settle investment dispute
Egypt’s Prime Minister, Mostafa Madbouli, and the Minister of Justice, Omar Marwan, have witnessed the signing of a final settlement agreement on the country’s investment disput...