BBMG to sell 7 cement companies to Jidong Cement
BBMG Corp has announced that it will sell the entire equity interests in seven cement companies to China’s Jidong Cement for a total consideration of CNY1.54bn (US$227.06m). BBM...
China
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China accounts for 15% of Central American cement imports
In the first half of 2018, Central America’s largest importing country was Nicaragua, which purchased cement from overseas sources to the value of US$28m, followed by Guatemala ...
LafargeHolcim
The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing US$245m in a contract to build a new production line for Holcim Philippines at the latter’s Davao work...
Anhui Conch orders four bulkers from Jiangdong Shipyard
Anhui Conch Group has placed an order at Sinotrans & CSC affiliated Jiangdong Shipyard for the construction of four 12,500dwt bulk carriers. The vessels are scheduled for dleive...
New plant commissioned in Uzbekistan
A new facility in Korauzyak district, Karakalpakstan (Uzbekistan), has been commissioned, according to Trend News. The Uzbek-Chinese joint venture, Titan Cement, saw a total inv...
Jidong renews coal contract with Mechel
Jidong Cement has renewed its coal contract with Mechel, according to the Russian metals and mining company. Mechel will supply Jidong Cement with up to 2Mt of thermal coal mine...
Pakistan’s gateway to expansion Premium
With a newly-elected President, strong housing demand and infrastructure investment flowing in from China, Pakistan is at the gateway to a new beginning. The cement sector is th...
Holcim Philippines contracts Huaxin for US$245m project
China’s Huaxin Cement has announced that it has been contracted to build and renovate cement production lines and supporting facilities for Holcim Philippines. The US$245m engin...
Chinese have land agreement in place for Sibay cement plant
The Chinese are reported to have begun designs for a cement plant in Sibay, Bashkira, Russia, close to the Kazakh border. A land lease agreement is already in place for Sichuan ...
China's carbon trading passes CNY6bn
China's seven pilot carbon trading schemes reached CNY6bn (US$863.9m) at the end of October, rising from CNY4.7bn at the end of 2017, reported the Ministry of Ecology and Enviro...