News
Titan Materials’ subsidiary Titan America has entered into an agreement to acquire Keystone Cement.
India’s Shree Cement has announced plans to invest US$223m in a new 2.0 Mta cement plant in Maharashtra.
West China Cement has proposed the acquisition of South Africa’s AfriSam, via its subsidiary West International Building Materials.
India’s Ambuja Cements Limited, part of the Adani Group, has received approval for two separate schemes of amalgamation from its Board of Directors to merge ACC Limited and Orient Cement Limited, establishing a single consolidated ‘One Cement Platform’.
The India Resurgence Fund (IndiaRF) investment platform has completed the acquisition of a 45.01 % stake in the cement company Shree Digvijay Cement Company Limited (SDCCL).
The Kenyan President William Ruto has ruled out repeal of the levy on importation of clinker, contradicting an earlier position by the Trade ministry, which had promised to roll back the controversial tax.
Cement and building materials manufacturer Cahya Mata Sarawak Bhd has started work on a project to build a second clinker production line at the Mambong cement plant. Investments in the project amounted to 673 million MYR (Malaysian ringgit).