Hanil completes acquisition of Hyundai Cement
Hanil Cement Co has completed the acquisition of Hyundai Cement Co in South Korea. The consortium of Hanil Cement and LK Investment Partners has paid US$552.2m for a controlling...
Asia
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Pakistan cement output up 6.6% YoY
Cement output in Pakistan during the first 10 months (July-April) of FY17 increased by 2.12 per cent on a MoM basis and 6.63 per cent on a YoY basis.
Ambuja Cements receives state nod for new grinding plant
Odisha's State Level Single Window Clearance Authority (SLSWCA) on Friday gave Ambuja Cement the go-ahead to construct a 1.5Mta cement grinding unit. The LafargeHolcim group's I...
Ube Industries increases stake in Tokyo Cement
Japan-based Ube Industries' Singapore subsidiary Ube Singapore Holdings has acquired a further 10.62m shares in Sri Lanka-based Tokyo Cement Company Lanka Plc, for LKR764.6m (US...
Taiwan plans to lower cement cap on exports
The government of Taiwan plans to lower the cap on Taiwan's cement exports from over 20 per cent of total output to 15 per cent to help protect the environment, Vice Minister of...
Double-digit decline in Pakistan cement exports over 11FY17
Pakistan cement exports during the first 11 months (July 2016 to May 2017) of the current fiscal declined by 21.27 per cent to 4.319Mt versus 5.486Mt a year earlier, according t...
New Nepal plant to begin production
Annapurna Cements, Nepal’s newest greenfield plant, is scheduled to go into commercial production by June-end, according to local press reports. “We have adopted advanced techno...
Nepal sees rise in cement imports from India
Cement imports from India to Nepal have doubled over the first 10 months of the current fiscal, according to a report in the Himalayan Times.
Ho Chi Minh City proposes no new cement licences
Vietnam's Ho Chi Minh City has proposed Vietnam's Ministry of Construction to adjust its cement development plan, so that no new cement projects will be licensed in the metropol...
FLSmidth receives cement plant order in Pakistan
FLSmidth has been awarded an order from Power Cement Ltd, part of the Arif Habib Group in Pakistan, for engineering, procurement and supply of equipment for a 7700tpd production...