Limestone News

Related Construction Chemicals and Materials Industry News

• May 2023: Graymont announced the acquisition of GCCP Resources Ltd's Gridland limestone quarry located in Ipoh, Perak, to provide essential lime and limestone solutions to customers in essential industries across Malaysia. Through the acquisition, the company has strengthened its market presence in Malaysia.
• April 2022: Imerys announced new capacity expansion and optimization investments in the Sylacauga (AL) plant in Alabama, United States. Through the expansion, the company strengthened its market presence by supporting the growing demand for ground calcium carbonate products.

• December 2023: Roseburg sold its particle board plant in Simsboro, Louisiana, to Kronospan. This is because Roseburg is engaged in the composites industry, manufacturing MDF and particle boards at various plants across North America.
• July 2022: Kastamonu Entegre collaborated with Siempelkamp to set up a new particle board manufacturing plant in Kastamonu, Turkey. This collaboration was intended to strengthen the production capacity of Kastamonu Entegre in Turkey, which further serves the foreign and indigenous markets.
• January 2022: Roseburg Forest Products announced the closure of its particle board plant in Douglas County. This move was aimed at spending on new technology in its western manufacturing operations.

• December 2023: Century Plyboards (India) Ltd inaugurated India's largest integrated wood panel manufacturing plant at Badvel in Andhra Pradesh. The company invested about INR 1,000 crore (~USD 121 million) in the construction of the new plant.
• April 2023: Kronospan announced an investment of USD 350 million for the construction of a new Oriented Strand Board (OSB) manufacturing plant on its 460-acre site in Oxford, Alabama, United States.
• September 2022: LP Building Solutions completed a million-dollar conversion and expansion project to produce LP SmartSide Trim and Siding products at its New Limerick, Maine facility.

• May 2023: Sika AG acquired MBCC business to strengthen its footprint across all regions and reinforce its range of products and services across the entire construction life cycle.
• Sept 2022: Fosroc appointed Mannai Trading Company as its exclusive distributor to supply the most comprehensive range of high-performance construction chemicals serving the construction, infrastructure, oil, and gas industries in Qatar.

In June 2023, Saint-Gobain signed an agreement to acquire cement board producer Hume Cemboard Industries. Through this acquisition, the company strengthened its lightweight product offering in Malaysia.

In February 2023, Everest Industries Limited intended to establish a manufacturing unit on a 20-acre site in Chamarajanagar's Badanaguppe Kellambali KIADB layout with an investment of USD 22.5 million. Their new facility is expected to produce 72,000 metric tons (MT) of fiber cement board and 19000 MT of Rapicon wall panels.

• In November 2021, Fox Marble signed a joint venture agreement with the Al Bab Al Mumtaz Group in the United Arab Emirates. Under this agreement, Fox Marble will supply marble tiles and slabs processed in its factory in Kosovo to Al Bab Al Mumtaz Group for sale via its range of outlets in the region.

• November 2022: LSR Group entered the insulation market with the production of 'LSR TERMO' aerated concrete insulation, which is environment friendly and has high fire resistance, lightness, and durability.
• May 2022: Holcim group's business in India, i.e., 63.11% holding in Ambuja Cement, which has a 50.05% stake in ACC, along with a 4.48% direct stake in ACC, was acquired by the Adani Group.

• In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
• In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.

• June 2023: ExxonMobil invested approximately USD 264 million in new projects in Baton Rouge area facilities. Under these projects, the company included a new production unit to produce high-grade isopropyl alcohol for microchip manufacturing and a new resin production facility at ExxonMobil’s Port Allen lubricants plant. The project investment decision is expected to be finalized in the first half of 2024.

• The recent developments pertaining to the major players in the market will be covered in the complete study.