The company has signed a contract with Hyundai Development Company on a new project by BSMMU.
Asia & Pacific Rim
The company is set to sell its share in Emirates Cement Bangladesh Ltd (ECBL) and Emirates Power Company Ltd (EPCL) to HeidelbergCement, Germany.
The company has plans to increase production by 25% next year; boosting supply in the wake of healthy domestic demand.
The World Cement Association has announced that FLSmidth China, a wholly owned subsidiary of FLSmidth A/S, has joined the international association as an Associate Member.
According to GlobalData, Saudi Arabia’s new procurement law will significantly impact the companies competing for government contracts.
The company is one of the largest and most profitable manufacturers of cement, ready-mix concrete and construction aggregates in Malaysia. It will join as a Corporate Member.
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.