International Cement Group redirects funds to new cement plant in Kazakhstan

11 October 2024 Strategic shift towards new plant investment (CW Group) International Cement Group Ltd. (ICG) has announced the reallocation of SGD 3,074,239 in net proceeds from its recent share placement to fund the construction of a new cement plant in Kazakhstan....

• Type: Article
• Category: Plant Expansions

Metsä Group makes leadership changes

11 October 2024 to EVP Jaakko Anttila, while Terhi Ilvonen will serve as acting CFO at Metsä Tissue, reporting to CEO Esa Kaikkonen. These strategic appointments strengthen the leadership across Metsä's core divisions as the company aims to maintain operational...

• Type: Article
• Category: Europe & Central Asia

Metsä Group targets emission cuts

11 October 2024 like the Virtual Arrival concept. These initiatives will target emissions from truck, rail, and sea transport. This strategic partnership is central to Metsä Group’s broader roadmap to cut emissions and enhance sustainability across its wood supply...

• Type: Article
• Category: Europe & Central Asia

Castor Maritime successfully delivers M/V Magic Ariel bulk carrier

11 October 2024 The charter rate is set at a gross daily rate of 108 percent of the Baltic Panamax Index 5TC (BPI5TC), indicating a strategic move to capitalize on favorable market conditions. This acquisition marks a significant step for Castor Maritime, enhancing its...

• Type: Article
• Category: Equipment & technology

Genco acquires secondhand capsize vessel

11 October 2024 Strategic purchase enhances fleet capabilities for future growth (CW Group) Genco Shipping & Trading has made its first acquisition of the year by purchasing a 2016-built capesize vessel for USD 47.5 million, according to Splash247.com. The 180,000 dwt...

• Type: Article
• Category: Equipment & technology

Heidelberg expands Moroccan operations with two acquisitions

11 October 2024 stated that this investment is vital for optimizing the company's portfolio and strengthening its core markets. The strategic expansion aims to increase the use of alternative fuels, generating financial synergies while accelerating decarbonization...

• Type: Article
• Category: Concrete & Brick

Aluminum recycling partnership grows

11 October 2024 Collaboration enhances sustainable scrap utilization (CW Group) Novelis Inc. has entered a three-year strategic agreement with TSR Recycling, strengthening their partnership to supply 75,000 tons of end-of-life aluminum scrap annually for automotive...

• Type: Article
• Category: End-user Markets

Suvo transforms nickel slag into low-carbon cement alternative

10 October 2024 Innovative use of nickel slag to cut emissions (CW Group) Suvo Strategic Minerals has successfully transformed nickel slag, a waste byproduct from nickel pig iron production, into a low-carbon cement alternative, informs The Sydney Morning Herald. The...

• Type: Article
• Category: Environment

Taiheiyo Cement to boost cement exports from Indonesia to U.S

10 October 2024 of cement annually, leveraging expanded production capacity and export infrastructure at the Indonesian facility. This strategic move comes as Taiheiyo seeks to capture rising demand in U.S. infrastructure projects and expand its footprint in Southeast...

• Type: Article
• Category: Markets & Competition

Middle East oil supply dynamics

10 October 2024 strategies among key players. Countries within the region are adapting to fluctuations in demand and pricing, leading to strategic collaborations and investments. Such changes are crucial for maintaining competitive positions in the global market,...

• Type: Article
• Category: Shipping & logistics

JSW Infrastructure receives LoI from Maharashtra to develop its port project

10 October 2024 port will focus on handling captive, bulk, and dry bulk cargo and will incorporate a public-private partnership model. The strategic location of the port near key highways and rail corridors positions it favorably for trade and transportation. The...

• Type: Article
• Category: Ports & handling

Haitong Marine starts bulk carrier construction

10 October 2024 safety and operational management. The collaboration between Huadian Coal Industry and Jiangsu Haitong Marine represents a strategic effort to elevate the shipping business and contribute to the national goal of modernizing transportation equipment,...

• Type: Article
• Category: Equipment & technology

Cellulose prices drop in China

10 October 2024 Suzano has announced a 4 percent reduction in market pulp production, excluding volumes from its Cerrado Project. This strategic decision is expected to withdraw approximately 400,000 tons of short-fiber pulp from the market this year, potentially...

• Type: Article
• Category: China

Papirus invests in digitalization

10 October 2024 asset management initiatives with a planned investment of BRL 2.5 million by 2026, according to Portal Packaging. This strategic move focuses on modernizing its manufacturing plant, aiming to enhance equipment availability and operational efficiency....

• Type: Article
• Category: South America

84 Lumber expands operations in Clarendon County

10 October 2024 in Clarendon County, which is projected to create 78 new jobs, according to WIS10. This expansion is part of the company's strategic growth initiative aimed at enhancing its service capabilities and meeting increasing demand for building materials. The...

• Type: Article
• Category: Construction

New refinery project in Senegal could transform local energy landscape

10 October 2024 expanding overall production capabilities. The potential construction of a second oil refinery in Senegal represents a strategic move toward energy self-sufficiency and economic growth. Stakeholders and investors are likely to monitor these developments...

• Type: Article
• Category: End-user Markets

Ningbo Marine set to order four ultramax newbuilds

09 October 2024 bulk carriers as of June, with a notable shift into the tanker segment marked by a 12,100 dwt newbuild order in 2018. This strategic move reflects Ningbo Marine's commitment to enhancing its capabilities in the bulk shipping market, allowing the company...

• Type: Article
• Category: Equipment & technology

Mariupol port operations intensify

09 October 2024 capabilities despite existing geopolitical tensions. The resumption of loading operations in Mariupol showcases the port's strategic importance in the bulk shipping sector. As the situation evolves, further developments may enhance operational capacity...

• Type: Article
• Category: Ports & handling

ESL Shipping orders methanol-fuelled handysize bulk carriers

09 October 2024 quarter of 2027, with the last ship slated for delivery by the first quarter of 2028. This investment aligns with Aspo’s strategic vision to provide fossil-free products and services. ESL Shipping, alongside its Swedish subsidiary AtoB@C Shipping,...

• Type: Article
• Category: Equipment & technology

Mainetti expands paper-hanging solutions

09 October 2024 new leadership appointed (CW Group) Mainetti, a global packaging leader, is expanding its paper-hanging solutions through strategic investments, according to Packaging Gateway. The company aims to meet increasing demand for eco-friendly alternatives to...

• Type: Article
• Category: Asia