UltraTech acquires 29% stake in RAK White Cement
UltraTech Cement Middle East Investments , part of UltraTech Cement in UAE, has invested US$101m to acquire a 29.39 per cent stake in RAK Cement Co for White Cement and Construc...
Weekly Newsletter
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Italy’s cement output sees 14% YoY drop in January
Italy's cement production index (base year 2015) fell from 99 in December 2021 to 65 in January 2022, or by 14 per cent when compared with January 2021, according to Federbeton,...
Vicat Cement Egypt's acquisition of Sinai Cement approved
The Financial Regulatory Authority (FRA) has approved the publication of a disclosure of an acquisition offer by Vicat Cement Egypt for a 42.12 per cent stake in Sinai Cement Co...
Steppe Cement's market share edges up
Kazakhstan-based Steppe Cement sold 281,968t of cement for KZT6.299m in the first quarter of 2022. This brings the company’s market share to 13.7 per cent in the 1Q22 from 13.2 ...
UltraTech Cement preferred bidder for Karnataka limestone
UltraTech Cement (owned by Aditya Birla Group ) has emerged as the preferred bidder in the e-auction for the Diggaon Limestock Block. "The company participated in the e-auction ...
Titan to commission new Roanoke terminal upgrade in 2023
Titan America expects to complete work on its new 70,000t dome with truck and rail load-out infrastructure at its Roanoke Cement Co import terminal in Chesapeake (VA) in 2023. T...
Borneo Oil increases investment in Sabah cement plant
Borneo Oil Bhd increased its investment to MYR50.7m (US$12m) in Sabah’s first integrated clinker and cement plant, which is expected to be commissioned by the 3Q22. The plant is...
PCA Spring Economic forecast growth of 1% for US cement demand in 2022
Ed Sullivan, PCA executive vice-president and chief economist, reports that the PCA's Spring 2022 USA economy, construction market and cement consumption forecasts were given a ...
Kolos Cement sees 39% rise in turnover in 2021
Mauritius-based Kolos Cement Ltd reported a turnover of MUR1.8bn (US$40.2m) in 2021, up 38.5 per cent from MUR1.3bn in 2020. However the company’s operating profit reached MUR16...
South Korean producers aim to boost cement production
South Korean cement companies have agreed to increased their production by 35 per cent for the next three months to ease concerns over a supply shortage amid the crisis surround...