Pakistan: Gharibwal Cement industrial park
Gharibwal Cement Group and China International Trust and Investment Corporation (CITC) have signed a deal to set up an industrial park in Chunian Industrial Estate, Punjab. Chin...
China
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Nigeria: Ashaka Cement signs NGN11bn coal power agreement
Ashaka Cement plc has signed a NGN11bn (US$35m) contract with China-based RUNH Power Corp Ltd for the construction of a 16MW lignite-fired coal power plant at its cement plant i...
China: Jinyuan Cement to raise CNY1.36bn in private share placement
Jinyuan Cement plans to raise up to CNY1.36bn (US$204m) in private placement of shares to fund a company acquisition, projects and repay bank loans.
Sri Lanka: Holcim exit causes tension with China and India
The possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India ...
China: BBMG sells stakes to Jidong Cement
Chinese building materials supplier, BBMG Corp has plans to sell its stakes in 31 cement-related companies to Jidong Cement. The stakes on offer are valued at CNY15.5bn (US$2.3bn).
China National Building Materials (CNBM)
China National Building Materials (CNBM) plans to become a shareholder in Eurocement Group, Russia’s leading producer of construction materials.
China Shanshui’s Liaocheng unit ‘illegally occupied’
In a fresh twist in the ongoing troubles of China Shanshui Cement Group, the company has announced that a unit of its subsidiary, Liaocheng Shanshui Cement, has been ‘illegally ...
Ghana: Dangote appeals for ban on Chinese imports
Dangote has called on the government of Ghana to ban imports of Chinese cement, warning that the measure is necessary to save local producers from collapse, Ghanaweb reports.
China: West China Cement to agree to Anhui Conch ownership
Yesterday, shares in West China Cement rose nearly six per cent on news that a sufficient majority of option-holders had agreed to an acquisition by largest listed Chinese peer,...
China: Asia Cement and CNBM halt Shanshui offer
Following nine months of consideration, Asia Cement and CNBM have said they will not proceed with plans to buy the shares they do not already own in Shanshui Cement. In a statem...