Genesis Asset Managers LLP, a UK-based investment management firm, has reduced its stake in India’s Ambuja Cement with the sale of 3.07 crore shares in open market. The sale, worth Rs.646 crore, brings Genesis’ stake in Ambuja Cement to 3.38%, down from 5.39%.
Elsewhere in India, it was reported earlier this week that Sagar Cements had acquired 100% equity holding in BMM Cements, making the latter a fully-owned subsidiary of Sagar Cements. The acquisition comprises a 1 million tpy cement plant and a 25 MW captive power plant. Sagar Cements operates a mini cement plant in Andhra Pradesh.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
There is no shortage of challenges when it comes to any cement silo cleanout project. Mole•Master Services Corporation was contracted to resolve a number of issues at a large cement producer in northeastern Missouri, US.
