The company is set to sell its share in Emirates Cement Bangladesh Ltd (ECBL) and Emirates Power Company Ltd (EPCL) to HeidelbergCement, Germany.
Asia & Pacific Rim
The company has plans to increase production by 25% next year; boosting supply in the wake of healthy domestic demand.
The Chinese cement sector has reported steady growth in the first three quarters of 2019.
More Asia & Pacific Rim news
TPG Capital is also weighing a bid for Emami Cement Ltd. and could look for a local partner, said one of the people, who asked not to be identified as the discussions are private.
The World Cement Association announced today it has further expanded its international network of members by welcoming Asia Cement, a Taiwan-based company principally engaged in the production, transportation and sales of cement and clinker, as a Corporate Member.
Per Mejnert Kristensen, Region President for Asia at FLSmidth, spoke about sustainability and the role of the cement industry at the second annual GCCA Conference in Singapore.