Indonesia: Chinese plant begins production in West Papua
A new cement plant funded by China’s State Development and Investment Corporation (SDIC) has begun operations in the Indonesian state of West Papua, China Daily reports.
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China: Socam to sell part of its stake in Nanjing Jiangnan Cement
Socam Development is to sell a 35 per cent stake in Nanjing Jiangnan Cement to property developer Country Garden for CNY147.6m (US$22m), Etnet reports.
Chinese firm invests in Zimbabwe
Mortal Investments Manufacturing Co announced that it is constructing a 1Mta plant in Redcliff, Zimbabwe. The arrival of the Chinese firm in the country is expected to intensify...
China: CNBM Group can begin acquisition of Sinoma
China National Building Materials Group Corp (CNBM) has begun preparations to acquire China National Materials Corp (Sinoma), after an agreement between the two companies was ap...
China: Anhui Conch profits down 29% for 1H2016
In its trading statement for the first six months of 2016, Anhui Conch has reported that its net revenues fell one per cent YoY to CNY24bn (US$3.6bn), while profits slipped furt...
China: Taiwan Cement expects 2H16 pick up in demand
Cement sales in China will pick up in the second half of the year, on the back of a recovering demand from infrastructure projects and residential building in the country, accor...
India: reason for optimism? Premium
The first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon ...
Sino-Uzbek JV brings Karakalpakstan plant online
Uzbek-Chinese joint venture, Titan Cement, recently brought its new plant in Karakalpakstan, Uzbekistan, into operation. The total cost of the project exceeded US$25m and result...
Pakistan: CPEC to generate 3Mta demand
Pakistan’s cement industry will experience growth thanks to the commencement of construction projects under the China-Pakistan Economic Corridor (CPEC). Experts have suggested t...
LafargeHolcim announce further Chinese sales
LafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and f...