News
03.07.2023 12:51Huaxin Cement to buy additional stake in Oman Cement
Huaxin Cement, one of China's leading cement manufacturers, has made a significant move to expand its global presence with the acquisition of a majority stake in Oman Cement. The company announced on Monday that it will purchase an additional stake of 5.08% in Oman Cement via the Muscat Stock Exchange.
Shree Cement Ltd said that it has commenced trial production at its new cement grinding unit of 3 million tonnes (MTPA) capacity in the Purulia district of West Bengal. The total investment in the unit is around ₹550 crore, which the group has entirely funded through internal accruals.
Region: India
03.07.2023 12:13Global Ferronickel plans to enter cement sector
Listed Global Ferronickel Holdings Inc. is expanding further its business by venturing into cement manufacturing and value-added processing to unlock “significant” growth potential in these industries.
Region: Philippines
Cahya Mata Sarawak Berhad has announced that its wholly owned subsidiary Cahya Mata Cement Sdn Bhd was given the go-ahead on the proposed construction of a new clinker line with a daily production of 6,000 MT per day or 1.9 million mt per year, in Malaysia, Sarawak
30.06.2023 11:48Intercement announces agreement to sell its Africa Business
InterCement Participações S.A. announced that it has reached an agreement with Huaxin Cement Co. Ltd., regarding the sale of the Company's
businesses in Mozambique and South Africa (collectively, the “Africa Business”).
Region: Africa
30.06.2023 11:24Vietnamese cement industry suffers financial losses during Q1
Decreased demand and increased costs have put Vietnamese cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts.
Region: Vietnam
On June 28, 2023 at 12:00 a.m. the official opening ceremony of the Cementum plant in Voskresensk (Moscow region) took place.
Region: Russia