Cherat Cement agrees PKR24bn Nimir acquisition
Pakistan’s Cherat Cement has signed two share-purchase agreements to acquire a 64.07 per cent controlling interest in Nimir Industrial Chemicals Ltd for approximately PKR24.09bn...
Diversification
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Dubai Islamic Bank Group finances major acquisition for Pakistan cement giant
Dubai Islamic Bank Group has completed a US$101m Commodity Murabaha facility for DG Khan Cement Co to acquire Rafhan Maize Products Ltd. This structured Islamic financing facili...
UltraTech Cement Ltd proposes to extend its diversification
UltraTech Cement Ltd ( Aditya Birla Group ) proposes to extend its footprint in the construction value chain, by entering the wires and cables market with a nominal capital expe...
Maple Leaf Cement is diversifying into the Pakistan fertiliser business
Maple Leaf Cement Factory Ltd (MLCF) has entered the lucrative Pakistani fertiliser business. According to the company’s notification to the Pakistan Stock Exchange (PSX) on 29 ...
Maple Leaf Cement has bought shares in a fertiliser company
Maple 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...
Lucky Cement diversifies mining business
The 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 ...
Taiwan Cement to diversify to reduce carbon footprint
Taiwan 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, ...