The company has entered into a definitive sale and purchase agreement with Engie SA to acquire Engie's 60.48% stake in Engie Eps SA for €17.10 per share in cash, for an aggregate consideration of €132 million.
Block bottom valve bags made of polypropylene tape fabric have become one of the packaging options prescribed by law for cement producers in China. This type of bag was invented in 1995 by Starlinger.
The company has announced its consolidated financial results for the third quarter ended 30 September 2020, and has revealed that it remains optimistic about its performance in the coming months.
China’s Belt and Road Initiative (BRI) projects have been adversely affected due to the world-wide disruption caused by the COVID-19 crisis, says GlobalData.
Despite the improved performance in most of the countries across North-East Asia, growth in construction output in the region has been revised down to 0.9%, according to GlobalData.
Dr John Irons, Halifax Fan UK, and Diane Wang, Halifax Fan China, provide an overview of how clinker cooler and sinter fans operate in cement plants.
According to GlobalData, construction output growth in China is expected to grow by just 1.9% in 2020.
The company has received large orders for medium-sized excavators from China, as the Chinese construction machinery markets begin showing positive signs of recovery.
While effects of the virus are not yet being felt in the construction sector, the uncertainty surrounding it is likely to keep cement prices flat in future months.