Published by
Joseph Green,
Editor
World Cement,
On 11 August 2015, the board of directors of ACC and the board of directors of CNBM respectively resolved to jointly make a voluntary conditional cash offer to acquire all of the outstanding shares in the issued share capital of China Shanshui.
ACC is required to issue an announcement pursuant to the applicable regulations of the Taiwan Stock Exchange on the day immediately following the date of the board meeting.
Adapted from press release by Joseph Green
CNBM Engineering will complete a turnkey 10 000 tpd clinker line project in Saudi Arabia.
China’s CNBM has carried out its first upgrade project on a clinker line overseas, helping Oman Cement Company to increase the capacity of its production line 1, which is located southwest of Muscat.
ACC has reported a 4% increase in sales volumes thanks to increasing demand, but also alludes to the challenges of increasing manufacturing and distribution costs.
Press reports from India indicate that Holcim ASG has initiated the merger of its Indian subsidiaries, Ambuja Cements and ACC.