Dewan Cement reports losses in 1HFY24-25
Pakistani cement producer Dewan Cement Ltd (DCL) posted its financial results for the 1HFY24-25 on the Pakistan Stock Exchange (PSX) website on 26 February 2025. The company rep...
Indian Subcontinent
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Pakistan’s cement sector continued to face challenges in February 2025
After several months of declining performance, cement dispatches in Pakistan saw a MoM increase of 11.6 per cent in January 2025. However, February 2025 did not deliver the expe...
CCI approves Ambuja 73 per cent shareholding acquisition of Orient Cement
The Competition Commission of India (CCI) has approved the proposed acquisition of up to 72.8 per cent shareholding of Orient Cement Ltd by Ambuja Cements Ltd ( Adani Cement Gro...
ABB and UptimeAI join forces in strategic investment
ABB Motion has announced a strategic investment through ABB Motion Ventures in the AI start-up UptimeAI, aiming to transform how industrial customers manage the health and perfo...
Mahabal Cement signs MoU to set up Assam cement complex
Mahabal Cement has signed a Memorandum of Understanding for a INR110bn (US$1.26bn) investment in a new cement complex at the Advantage Assam 2.0 Summit. The new plant would be l...
Dalmia Bharat announces INR35.2bn investment in Karnataka and Maharashtra
India-based Dalmia Bharat announced a INR35.2bn (US$403m) investment in Maharashtra and Karnataka, funded by a combination of debt and internal accruals. The new capacity is exp...
Pioneer Cement Ltd reveals strong results in 2QFY24-25
Pioneer Cement Ltd posted a profit after tax (PAT) of PKR1.75bn (US$6.26m) in the 2QY24-25, which represents a 71 per cent increase compared to the previous quarter, although it...
Fecto Cement exports increased in 1HFY24-25
According to Fecto Cement Ltd 's newly-released 1HFY24-25 report, the company's overall domestic sales volume declined by 14.2 per cent when compared with the 1HFY23-24, which h...
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...
Raw material shortages cause Chhatak Cement Factory to close
Bangladesh’s oldest cement plant, Chhatak Cement Factory , which operates under the Bangladesh Chemical Industries Corporation (BCIC) of the Ministry of Industry, reportedly cea...