ICG reports US$60m profit in FY25
International Cement Group (ICG) posted net profit attributable to shareholders of US$60.0m for the year ended 31 December 2025, compared with US$135,000 in the previous year. R...
International Cement Group
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ICG reports surge in earnings for 1H25
Singapore-headquartered International Cement Group Ltd (ICG) has reported a sharp rise in earnings for the six months ended 30 June 2025, boosted by strong sales in Kazakhstan a...
Whale Rock plans to acquire Schwenk Namibia
Whale Rock Cement (Pty) Ltd , the parent company of Cheetah Cement, has filed a notice to acquire Schwenk Namibia, which holds a majority stake in Ohorongo Cemen t. If successfu...
International Cement Group sees revenue advance 14% YoY
International Cement Group (ICG) , which operates cement plants in Tajikistan and Kazakhstan, has reported revenue of SGD257.4m (US$191.4m) in 2023, up 14 per cent on the SGD225...
International Cement Korday plans new 1.5Mta project
Kazakhstan’s International Cement Korday (International Cement Group Ltd) has entered into a joint venture agreement with Nurzhan Shakirov for the construction of a cement plant...
Sharcem set to acquire plant from Kazakhcement
Singapore-based International Cement Group (ICG) has incorporated a new subsidiary in Kazakhstan. Sharcem will be 60 per cent owned by the group’s direct subsidiary, Internation...
International Cement cancels US$144m deal to buy Schwenk Namibia
International Cement Group (ICG) has cancelled its proposed US$10.4.4m acquisition of Schwenk Namibia, according to a bourse filing on Monday. The deal, first announced in March...
International Cement fails to receive SGX acquisition approval
International Cement Group (ICG) has failed to receive approval from the Singapore Exchange (SGX) for the complete acquisition of Schwenk Namibia , valued at US$104.4m, accordin...
Schwenk Zement to exit Namibia
This week, ICR learned that the Namibian cement market was in the process of change with Schwenk Zement's 0.7Mta Ohorongo plant now expected to come under control of Internation...
International Cement set to acquire Schwenk Namibia
Singapore’s International Cement Group has entered into a conditional agreement to acquire a 100 per cent stake in Schwenk Namibia Pty Ltd for SGD141.89m (US$104.4m). This amoun...