The transaction is expected to be completed in the next 9 – 12 months.
LafargeHolcim group companies in India, Ambuja Cement and ACC, have reported higher consolidated sales volumes in 2Q18, but rising costs drag down earnings.
Orient Cement – a CK Birla Group company – is planning to more than double capacity at its Adilabad cement plant in Telangana, India.
German engineering company Loesche, has supplied two vertical roller mills for Seven Circle Bangladesh Ltd., and Shun Shing Cement Mills Ltd., two cement manufacturers based in Bangladesh.
Bangladeshi electricity generator, Meghna Energy, it to be merged with HeidelbergCement Bangladesh, as HeidelbergCement streamlines its holdings in the country.
Ambuja Cement is playing a leading role in youth skills development in Rajasthan through its Skill and Entrepreneurship Development Institute.
India’s leading cement producer, UltraTech Cement, continued is aggressive capacity expansion in 2Q18, building out existing facilities and continuing its acquisition spree.
UltraTech’s net profit beat analyst expectations in 2Q18 but was still down as rising costs put pressure on the Indian cement sector.
Dalmia Bharat has extended its portfolio of slag cements, launching the fine blend composite cement, Dalmia FBC Cement.
Pakistan’s cement dispatches to the local market continued their positive run in May and June, as the market could close on 50 million t this year.
Ramco Cement has ordered three vertical roller mill from German supplier, Loesche, for the production of portland pozzolana cement.
Indian cement production continued its double-digit growth in April, before falling back to grow at 5.2% in May, as coal and steel production also showed positive trends.
UltraTech Cement has commissioned a second grinding unit at its Manawar plant in Madhya Pradesh, India.