Pakistan cement to see modest growth on higher exports in FY24-25
Research house AKD Research has projected that Pakistan’s cement dispatches will grow at 2.4 per cent YoY, primarily due to increased exports between June 2024 and July 2025. Th...
Indian Sub-Continent
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Bestway Group acquires shares in UNBL UK
Bestway Group of the UK, which has a stake as a parent company in cement and bank operations in Pakistan, will notice the exchange of shareholding patterns among two banking bus...
Dealers' strike may impact cement sales and distribution in Pakistan
The sales and distribution of cement across Pakistan is expected to be significantly impacted due to a strike by one of the stakeholders, effective from 1 July, in protest of ne...
Lindner founds Indian subsidiary
Lindner continues its expansion with the foundation of Lindner Recyclingtech Bharat (India) LLP, headquartered in Delhi, India. Together with Chirag Verma, co-owner of Lindner B...
Pakistan experienced a partial growth in cement dispatches in FY23-24
The cement industry in Pakistan experienced a minor growth in cement dispatches in FY23-24 due to significant export volume. However, the sector recorded a 12.6 per cent decline...
UltraTech commissions Tadipatri production line
UltraTech is commissioning an additional 3.35Mta clinker along with 1.8Mta grinding capacity at its existing unit situated at Tadipatri, Andhra Pradesh, India. The capacity addi...
Tapping India's CO2 storage potential
This week the Global Cement and Concrete Association (GCCA) hosted a webinar with the Global CCS Initiative and the Clean Energy Ministerial (CEM) CCUS Initiative following the ...
UltraTech Cement poised to buy 23% stake in India Cements
UltraTech Cement says it will buy a 23 per cent stake in Chennai-based rival The India Cements for up to INR18.85bn (US$226m), closing the gap on India's Adani Group. The decisi...
Lucky Cement obtains a credit line of PKR8bn
Pakistani financial institution and cement conglomerate the United Bank (UBL) and Lucky Cement Ltd announced that the bank will extend PKR8bn (SU$28.7m) to cement producers. Bot...
PIBTL to settle its foreign exchange debt in a couple of years
Pakistan International Bulk Terminal (PIBTL) is expected to repay all financial dollar-based loans by June 2026. At a recent conference hosted by Topline Research, Shariq Azam S...