Pakistan: Kohat Cement interest in Dewan Cement
Kohat Cement Company Ltd has joined the race to acquire Dewan Cement’s North plant, a 1.134Mta facility located at Hattar industrial estate in northern Pakistan.
Acquisition
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Lafarge Surma Cement acquires Holcim Bangladesh
The Board of Lafarge Surma Cement Ltd has approved the acquisition of 100 per cent shares of Holcim Bangladesh from LafargeHolcim Group. The transaction is subject to approval b...
Pakistan: Fecto Cement joins race for Dewan assets
Fecto Cement has announced that it intends to enter a bid for Dewan Cement’s North plant, a 1.134Mta facility located in Hattar. Earlier this month, Lucky Cement indicated that ...
Bahrain: APICorp acquires 30% Falcon Cement stake
Multilateral development bank Arab Petroleum Investments Corp (APICorp) announced it acquired a 30 per cent stake in Bahrain’s Falcon Cement Co (FCC), one of the largest cement ...
Pakistan: Lucky Cement considers buying Hattar plant and investing in Iraq
Lucky Cement has announced that it has begun the due diligence process for the purchase of Dewan Cement’s 1.134Mta Hattar plant and that separately it would look to expand its g...
HeidelbergCement completes sale of US assets to Cementos Argos
HeidelbergCement has completed the US$660m sale of the Martinsburg cement plant and eight terminals to Cementos Argos. The Martinsburg plant has a clinker and cement capacity of...
Birla 2Q16 net profit more than doubles
Birla Corporation have reported a net profit of INR584m (US$8.49m) for the quarter ended 30 September 2016 compared to INR232m for the same period last year.
GCC acquires multiple Cemex operations
GCC has announced the acquisition of multiple Cemex operations in the USA.
Pakistan: Dewan Cement profits up 61%
Dewan Cement Ltd (DCL) posted a net profit of PKR268m (US$2.55m) for the quarter ended 30 September, a 61.4 per cent increase YoY from the PKR166m registered last year.
India: Jaiprakash Associates shareholders agree to sale
Jaiprakash Associates Ltd (JAL) on Monday said its shareholders have approved the sale of the firm's cement business to Aditya Birla Group's UltraTech Cement. Approval from Comp...