Displaying items by tag: investment

Peru: Cemento Inka says that it plans to build a new ready-mix concrete batching plant in Trujillo, La Libertad Department. Nate's Crest News has reported that the plant will have a capacity of 87,700t/yr and cost US$150,000 to build. Commissioning is scheduled to follow eight weeks after the start of construction. The company, which holds a 4% share in the Peruvian cement market, recorded a 22% year-on-year fall in its concrete, paving and mortar sales during the first quarter of 2023. Over the same comparison period, domestic cement demand dropped by 15%.

Cemento Inka currently produces ready-mix concrete in the south of Peru at Cajamarquilla, Lima Province, while competitor Cementos Pacasmayo serves La Libertad and neighbouring markets in the north.

Bolivia: Construction of an upcoming 237,000m³/yr precast concrete plant in Uru Uru, Cercado Province, commenced on 13 December 2022. The plant will cost US$2.22m and have the capacity to produce 23,000 concrete paving blocks per day.

Denmark: Switzerland-based Holcim has made an investment in 3D concrete printer supplier COBOD International. Holcim hopes that the investment will help it to further expand its TectorPrint 3D printing ink range. Holcim and COBOD International's collaboration dates to 2019, since which time the partners have 3D printed windmill tower bases in Denmark, a school in Malawi and a housing development in Kenya.

Holcim's head of global research and development, Edelio Bermejo, said “At Holcim, we are continuously expanding our range of building solutions to build better with less, working to improve living standards for all in a sustainable way. 3D concrete printing will help us meet these goals."

Canada: Investment bank BDC Capital has invested US$3.7m in concrete testing technologies supplier Giatec. BDC Capital hopes that the investment will further the development of CO₂-reducing technology and AI-based concrete testing.

Giatec CEO Pouria Ghods said "The BDC Capital investment will propel Giatec's expansion into international markets and accelerate our innovation in CO₂-reducing technology, moving the concrete industry towards carbon neutrality. BDC has a long history of supporting emerging Canadian cleantech firms in their growth through exports, research and development. We at Giatec are looking forward to working with BDC in our mission to revolutionise the concrete industry and to create yet another success story for the BDC cleantech practice.”