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The company has entered into a definitive sale and purchase agreement with Engie SA to acquire Engie's 60.48% stake in Engie Eps SA for €17.10 per share in cash, for an aggregate consideration of €132 million.
The company has ordered its first ready2grind compact plant for the Indian subcontinent. The plant will be installed in the company’s Gorakhpur factory.
Cemex Holdings Philippines has announced that its consolidated net sales decreased by 8% during the first quarter of 2021, versus the comparable period in 2020, amounting to PHP 5.2 billion.
The company has already supplied over 12 500 oxygen cylinders for hospitals across India from its production units in Rajasthan, Karnataka, Bihar, Odisha and Chhattisgarh.
The company will supply three waste shredding lines to SsangYong C&E’s plants in Donghae and YeongWol in South Korea.
At a demonstration facility in Japan, the two companies will capture carbon at the emissions source during cement production, at an initial capacity of 10 tpd.
The company will run a waste management drive during the India England T20 five-match series through its in-house waste management arm, Geocycle. The collected waste will be safely re-purposed in the cement kiln as alternative fuel at the Ambujanagar plant.
Block bottom valve bags made of polypropylene tape fabric have become one of the packaging options prescribed by law for cement producers in China. This type of bag was invented in 1995 by Starlinger.
Driven by investments in overall infrastructure to rebuild the recently liberated regions, Azerbaijan’s construction industry is expected to recover in 2021 with an expected real growth rate of 9.1%, says GlobalData.
CEMEX Holdings Philippines has announced that its consolidated net sales decreased by 16% in 2020, reaching around PHP 19.7 billion, versus the comparable period in 2019.
The company has released its Q4 financial results, reporting that it is going into 2021 with strong momentum.
With the government focusing on infrastructure to drive economic growth, GlobalData expects India’s construction industry to rebound by 14.5%.