Pakistan cement sector records 7.3% fall in FDI
Pakistan’s cement and construction industries received a total foreign direct investment (FDI) of US$265.3m during the July-Nov 2018 period, according to the State Bank of Pakis...
Investment
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Siberian Cement invests to develop units in 2019
Russia’s Siberian Cement has announced plans to invest RUB4.52bn (US$67.86m) to develop its production units in 2019. The funds, double the amount allocated in 2018, will be use...
Cementos Polpaico swings into black in 9M18
Chile-based Cementos Polpaico has reported revenues of CLP121.321bn (US$ 179.8m) in January-September 2018, representing a 25.9 per cent YoY increase. In addition, the company h...
New plant project for Uzbekistan
The foundation of a new cement plant has been laid in Kattakurgan district of Samarkand region, Uzbekistan. The two-stage project is expected to create 2.4Mta of capacity at an ...
EAPCC's plan to raise funds relies on court outcome
Kenya's East African Portland Cement Co (EAPCC) has announced that its plan to sell land to raise much-needed operational capital is dependent on the outcome of certain court ca...
FDI Pakistan touches 53% growth in FY18
Pakistan's cement and construction industry received foreign direct investment (FDI) of US$766.3m during the 12 months of FY17-18 (July -June), compared to US$501.9m received in...
Caribbean Cement build new Rockfort administration building
Caribbean Cement held a groundbreaking ceremony for the construction of Caribbean Cement's new administration building at Rockfort last Friday. The previous building at the Rock...
RHI Magnesita undertakes major investment in China
Refractory specialist RHI Magnesita will invest EUR20m in its dolomite plant in Chizhou, Anhui province in China. The step is part of a decisive response to address global press...
Pakistan cement industry receives US$54.1m FDI
Pakistan’s cement industry has received a net foreign direct investment (FDI) of US$54.1m in July 2017-May 2018, up 63 per cent when compared with July 2016-May 2017 when FDI re...
Investors urged to finance Dangote and Lafarge Africa growth
Following last month's approval of a NGN9.1trn (US$25bn) budget for 2018, Nigeria is set to go on a massive infrastructure spending spree. Eager to be at the forefront of cement...