Latest news with #cement
CTV News
2 days ago
- Health
- CTV News
Man struck by cement truck in Moncton
Atlantic Watch A man is in hospital after being allegedly struck by a cement struck in Moncton.
Reuters
2 days ago
- Business
- Reuters
Tariff uncertainty won't affect Holcim's US expansion, CEO says
EVIA, Greece, May 29 (Reuters) - Uncertainty over tariffs will not stall Holcim's (HOLN.S), opens new tab plans to expand into the United States, the chief executive officer of the Swiss building materials supplier said on Thursday. A Manhattan-based court ruled on Wednesday that U.S. President Donald Trump overstepped his authority by imposing across-the-board duties on imports from trading partners. The news was met with cheers from markets but also creates uncertainty about how the situation will play out for companies. This month, Holcim received shareholder approval to spin off the cement maker's North American business, Amrize, to enable greater focus and benefits from increased construction spending in the United States. "We produce locally and we sell to local customers. So the impact from the tariffs for us is non-existent," Chief Executive Miljan Gutovic told Reuters in Greece at the opening of a 400-million-euro ($454 million) net-zero cement plant. The spin-off of its U.S. business will take place by the end of June as planned, he said. "I think (it will happen) any day now, probably in the second half of June," Gutovic said. ($1 = 0.8816 euros)
Reuters
3 days ago
- Business
- Reuters
Heidelberg Materials expects infrastructure boom to fuel profit growth by 2030
FRANKFURT, May 28 (Reuters) - Heidelberg Materials, the world's second-biggest cement maker, said on Wednesday it expects operating profit growth in the medium-term to 2030 to be driven by five megatrends, including higher defence spending and a growing demand for data centres. The group's result from current operations (RCO) is expected to grow 7-10% on average a year until 2030, the German company said at its capital markets day held at its carbon capture and storage site in Brevik, Norway. Return on invested capital is forecast to rise to around 12% by 2030, from an expected 10% in 2025, the group said, adding its net capital expenditure target would be raised to an average 1.3 billion euros ($1.5 billion) a year, from 1.1 billion previously. Heidelberg Materials CEO Dominik von Achten said that apart from defence and data centre construction, profit growth was also expected to be driven by the global energy transition, infrastructure needs as well as forecast housing boom globally. "These are five decisive waves from which we as a company are benefiting across the board. The demand that is coming in is enormous," he told Reuters, adding the company would continue to focus on heavy building materials such as cement, aggregates, ready-mix concrete and asphalt. Shares in the German construction company have soared by more than half year-to-date, giving it a market value of around 33 billion euros, as investors bank on the group's ability to tap a planned 500-billion-euro investment push by the German government. Von Achten also said there would be a second round of capacity adjustments in Europe by 2030 following a current effort to close five clinker plants on the continent by the end of the year. "The aim is to make a significant leap in margins in Europe. We are removing capacity where production is particularly cost- and CO2-intensive, namely in clinker," von Achten said, adding the group could continue to grow in cement by adding mills to its plant network. ($1 = 0.8835 euros)
Associated Press
23-05-2025
- Business
- Associated Press
SCG Showcases Leadership at INTERCEM Asia 2025, Propelling Global Cement Partnerships
BANGKOK, THAILAND - Media OutReach Newswire - 23 May 2025 - SCG successfully co-hosted INTERCEM Asia 2025, the world's premier cement industry conference, welcoming over 1,000 leaders from 52 countries. This co-hosting opportunity marks a strategic milestone in SCG's international business development, positioning the company as a catalyst for global collaboration in low-carbon cement innovation. [VIDEO] The event established a platform for knowledge exchange and sustainable business development amid evolving environmental regulations. As co-host, SCG cultivated valuable connections with international cement producers, technology providers, and sustainability pioneers. 'Co-hosting INTERCEM Asia 2025 represents more than industry recognition—it's a strategic accelerator for our global business growth,' explained Mr. Surachai Nimlaor, President of SCG Cement and Green Solutions Business. 'This forum has enabled us to establish partnerships that amplify the impact of our low-carbon innovations while creating shared success throughout our value chain.' The conference highlighted SCG's 'Inclusive Green Growth' mission, which harmonizes economic advancement with environmental stewardship. This approach positions SCG at the forefront of the industry's transition toward sustainability-driven business models while building alliances with forward-thinking organizations worldwide. SCG-Intercem-Asia-2025 SCG showcased breakthrough innovations generating international business opportunities: During the SCG Home Experience center tour, international delegates witnessed the TORA S-ONE cement spraying system developed with Kubota, exemplifying SCG's ability to develop market-ready solutions through strategic partnerships. SCG's vision extends to ecosystem development through the 'Saraburi Sandbox' initiative—Thailand's pioneering low-carbon city model attracting international attention. This project implements a Public-Private-People-Partnership targeting carbon reductions of 5 million tons by 2027. The company's sustainability approach encompasses four integrated pillars that have become benchmarks for international collaboration: 'The successful co-hosting of INTERCEM Asia 2025 reinforces our position as a leader driving sustainable growth globally,' added Mr. Surachai Nimlaor. 'Through relationships cultivated at this event, we're establishing an ecosystem for low-carbon cement innovation that promises shared success worldwide.' As a result, SCG has initiated discussions for joint ventures in emerging markets, technology licensing with European partners, and research collaborations with Asian academic institutions, all accelerating global adoption of low-carbon cement solutions. For more information, call SCG Contact Center 02-586-2222, email [email protected], or visit the company's website Hashtag: #SCG #SiamCementGroup The issuer is solely responsible for the content of this announcement.
Zawya
23-05-2025
- Business
- Zawya
SCG Showcases Leadership at INTERCEM Asia 2025, Propelling Global Cement Partnerships
BANGKOK, THAILAND - Media OutReach Newswire - 23 May 2025 - SCG successfully co-hosted INTERCEM Asia 2025, the world's premier cement industry conference, welcoming over 1,000 leaders from 52 countries. This co-hosting opportunity marks a strategic milestone in SCG's international business development, positioning the company as a catalyst for global collaboration in low-carbon cement innovation. The event established a platform for knowledge exchange and sustainable business development amid evolving environmental regulations. As co-host, SCG cultivated valuable connections with international cement producers, technology providers, and sustainability pioneers. "Co-hosting INTERCEM Asia 2025 represents more than industry recognition—it's a strategic accelerator for our global business growth," explained Mr. Surachai Nimlaor, President of SCG Cement and Green Solutions Business. "This forum has enabled us to establish partnerships that amplify the impact of our low-carbon innovations while creating shared success throughout our value chain." The conference highlighted SCG's "Inclusive Green Growth" mission, which harmonizes economic advancement with environmental stewardship. This approach positions SCG at the forefront of the industry's transition toward sustainability-driven business models while building alliances with forward-thinking organizations worldwide. SCG showcased breakthrough innovations generating international business opportunities: SCG LC3 Structural Cement achieves a 30-40% reduction in carbon emissions while maintaining premium performance. This low-carbon cement has generated substantial interest from international markets, with several cross-border licensing discussions initiated during the conference. SCG 3D Printing Technology integrates digital technology with sustainable construction practices. This solution enables creation of complex architectural structures while enhancing efficiency and reducing waste. Conference participants expressed interest in potential joint ventures across Southeast Asia. During the SCG Home Experience center tour, international delegates witnessed the TORA S-ONE cement spraying system developed with Kubota, exemplifying SCG's ability to develop market-ready solutions through strategic partnerships. SCG's vision extends to ecosystem development through the "Saraburi Sandbox" initiative—Thailand's pioneering low-carbon city model attracting international attention. This project implements a Public-Private-People-Partnership targeting carbon reductions of 5 million tons by 2027. The company's sustainability approach encompasses four integrated pillars that have become benchmarks for international collaboration: Green Products: Low-carbon innovations with EPD certification, generating export opportunities Green Process: Targeting 70% alternative fuel and 53% renewable energy by 2030 Green Construction: Sustainable solutions through digital technology integration Green Society: Collaborative partnerships establishing international sustainability alliances "The successful co-hosting of INTERCEM Asia 2025 reinforces our position as a leader driving sustainable growth globally," added Mr. Surachai Nimlaor. "Through relationships cultivated at this event, we're establishing an ecosystem for low-carbon cement innovation that promises shared success worldwide." As a result, SCG has initiated discussions for joint ventures in emerging markets, technology licensing with European partners, and research collaborations with Asian academic institutions, all accelerating global adoption of low-carbon cement solutions. For more information, call SCG Contact Center 02-586-2222, email contact@ or visit the company's website Hashtag: #SCG #SiamCementGroup The issuer is solely responsible for the content of this announcement. Siam Cement Group
