Cement News tagged under: diversification
Maple Leaf Cement has bought shares in a fertiliser company04 April 2024, Published under Cement NewsMaple Leaf Cement Factory Ltd has acquired and settled 6m voting shares of M/s Agritech Ltd (formerly Pak-American Fertilizers Ltd), the first nitrogenous fertiliser plant built in Pakistan. “Under the above acquisition, Maple Leaf Cement Factory Ltd plus Maple Leaf Capital Ltd (person acting in concert) now hold 44,670,000 voting shares of the target company, ie 11.38 per cent aggregate shareholding (taken together with voting shares already held by MLCL) in the target company’s share ... |
Lucky Cement diversifies mining business22 March 2024, Published under Cement NewsThe Competition Commission of Pakistan (CCP) has recently approved two mergers (cement and fertiliser firms) in the mining of copper and minerals in the Balochistan province of Pakistan. CCP approved the acquisition of a cumulative 66.66 per cent shareholding in National Resources (Private) Ltd by two publicly-listed companies: Lucky Cement Ltd and Fatima Fertilizer Co Ltd. National Resources (Pvt) Ltd is engaged in mining, surveying, extracting, excavating, mining and boring minerals. Its ... |
Taiwan Cement to diversify to reduce carbon footprint02 June 2023, Published under Cement NewsTaiwan Cement Corp (TCC) expects cement to account for less than half of its sales by 2025 as the revenue from energy storage and vehicle charging businesses increase. However, cement production would remain its core business, said TCC Chairman, Nelson Chang. While the company is expanding into the green energy business in line with global efforts to curb carbon emissions, it would continue to produce up to 80Mta of cement, Mr Chang said. The green energy businesses would help the compan... |
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