Africa & The Middle East

Qalaa Holdings announced its units signed preliminary agreement to sell 100% stake in ASEC Algeria Cement for US$60 million.

HeidelbergCement purchased the remaining Italcementi shares that had not been tendered in the mandatory tender offer.

Oman's Raysut Cement reported a 22.7 percent drop in Q3 net profit.

Dangote Cement has turned to locally-mined coal to power its plants in a bid to end disruptions caused by gas shortages.

Hima plans to raise its market share and increase exports to neighbouring markets by doubling production capacity in early 2018.

Fives has delivered a new FCB TSV™ Classifier to Suez Cement Company in order to modernise a vertical ball mill.

AUMUND and Sweidan have opened a Spare Parts Stock in Riyadh.

The Ohorongo Otavi Community Trust has inaugurated a new kindergarten.

Intercem has completed construction, installation and commissioning for a cement plant in Uganda.

AUMUND has provided a specialised conveyor to a new steel plant in Algeria.

BIMCO has released its latest report on the development of dry bulk shipping.

Sandvik Coromant has announced the winner of the global Graphene Challenge competition.

Caterpillar emphasised its commitment to Egypt’s infrastructure development at the US-Africa Business Forum.

Raysut Cement has raised production capacity at its plant to 130 000 – 140 000 tpy of cement.

Funds will enhance company and dealer footprint as well as provide critical skills training.