Buzzi increases tender offer to Gulf Cement Co
After the offer document submitted on 13 March 2025 for TC Mena Holdings Ltd, a subsidiary of Buzzi SpA , to acquire a 37.6 per cent share of the capital in Gulf Cement Co PSC o...
Uae
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Buzzi buys 38% of Gulf Cement Co
Buzzi SpA , through TC Mena Holdings Ltd (TC Mena), a 90 per cent owned subsidiary incorporated under the laws of Abu Dhabi Global Market, has acquired 37.6 per cent of the shar...
GCC’s vision for cement Premium
Saudi Arabia’s Vision 2030 continues to set the pace for cement demand in the Gulf Cooperation Council (GCC) region. There are positive signs for the UAE’s recovery and a moveme...
Partanna to establish green cement plant in Abu Dhabi
The Abu Dhabi Investment Office (ADIO) has partnered with Partanna, a Bahamian climate tech company, to establish its regional headquarters and a state-of-the-art manufacturing ...
RAK White Cement reports AED28.5m profit in 9M24
Ras Al Khaimah Co for White Cement and Construction Materials (RAK White Cement) saw its third-quarter (July-September 2024) revenue increase by 7.5 per cent to AED63.21m (US$17...
Ras Al Khaimah White Cement becomes a subsidiary of UltraTech Cement Middle East
Following UltraTech Cement Middle East Investments Ltd' s (UCMEIL) partial cash offer for acquiring shares (25 per cent) of Ras Al Khaimah Co for White Cement (RAKW) and Constru...
UltraTech proposes reduced cash offer for RAK White shares
The UAE Securities and Commodities Authority has approved the strategic decision of Aditya Birla Group -owned UltraTech Middle East Investment’s regional operations. This decisi...
UltraTech Cement announces plans to acquire 31.6% stake in RAK Cement
UltraTech Cement , a subsidiary of the Aditya Birla Group, has announced that it intends to acquire a significant 31.6 per cent stake in UAE-based RAK Cement Co for White Cement...
Fujairah Cement reports sales drop in 2023
UAE-based Fujairah Cement Industries has reported sales of AED343.81m (US$93.62m) in 2023. This marks a contraction from the AED374.58m seen in the previous year. The company ha...
Emirates Steel Arkan and Magsort collaborate on decarbonisation
Emirates Arkan Steel (ESA) has announced a strategic collaboration with Magsort, a Finnish decarbonisation company, to drive an innovative initiative across ESA's Al Ain cement ...