Asia Cement to invest in Sunnsy Group
Taiwan’s leading cement producer has signed a memorandum of understanding with Sunnsy Group of China to acquire 30% of the group’s subsidiaries.
Asia & Pacific Rim
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Cemex looking to acquire Murli Industries
Press reports from India indicate that Cemex is in talks to buy a controlling stake in India’s Murli Industries.
HeidelbergCement India seeks JV to secure coal supplies
HeidelbergCement India Ltd is looking to form joint ventures to secure local coal supplies for a planned expansion project.
SCCC looking to build a plant in Burma
Thailand’s second largest cement producer, Siam City Cement (SCCC) is looking to set up a cement plant in Burma.
Cement despatches from Pakistan reach 4 month high
Cement despatches from Pakistan achieved a 4 month high in October, reaching 2.9 million t, a 45% increase from 2 million t in September.
GEA Process Engineering acquires ACC’s emission controls unit
GEA Process Engineering has acquired the emission controls engineering unit of ACC, one of India’s largest cement manufacturers.
FLSmidth receives first HOTDISC order on the Indian market
FLSmidth has received an order from Vasavadatta Cements to supply a HOTDISC and alternative fuel feeding system at the Sedam plant.
Essar Group firms up on further investments
India’s Essar Group has announced plans to invest over Rs.2000 crore to set up a cement and ferroalloy unit.
Indocement’s 9 month net profit increases 27%
PT Indocement Tunggal Perkasa, Indonesia, announced that its nine month net profit has increased by 27% y-o-y
Meeting Post-Conflict Challenges
After 27 years of civil war, a massive reconstruction programme is needed to alleviate the suffering of thousands of displaced people in the north and east of Sri Lanka, and international investment is essential to achieve this.
Tamil Nadu construction companies respond to price increases
Construction companies in Tamil Nadu, India, are taking action as the domestic price of cement soars.
3Q profit down 6.2% at Siam Cement
Siam Cement, Thailand, reported a 6.2% drop in its 3Q profits, as a result of decreased profits from cement and petrochemicals revenue.
Reliance ADAG announces massive investment in Madhya Pradesh
Anil Ambani, RADAG chairman, has announced that the group will invest Rs.70 000 crore in various projects across the state over the next five years.
RHI AG extends production capacities in China
RHI AG extends production capacities in China by more than 20% and invests €13 million. Meanwhile, the company has also celebrated its 50th anniversary.
Taiwan accuses China of dumping
According to reports, the Taiwan Cement Manufacturers’ Association (TCMA) has filed a complaint accusing China of dumping cement on the island.