Restructuring in SINOMA fibre glass business
SINOMA is divesting its interest in fibre glass company Taishan to subsidiary Sinoma Science & Technology.
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SINOMA is divesting its interest in fibre glass company Taishan to subsidiary Sinoma Science & Technology.
According to reports, the Aditya Birla-owned company is in talks to buy Jaiprakash Associates’ Bhilai cement plant.
World demand for cement is projected to rise 4.5% per year to 5.2 billion metric t in 2019.
Improvements in prices are unlikely to develop into a full recovery, as many homes remain unsold dampening cement demand.
Reuters is reporting that overcapacity in Indonesia’s cement industry is dragging down the value of the country’s largest cement makers.
Myanmar Thura has purchased 10 new TR60s to cover expansion at the company’s jade mine in Kachin State.
The Philippine company, which is buying Lafarge assets in a joint venture with CRH, has secured a US$400 million loan.
Thai company SCG is planning to expand capacity at its Kampot plant and add to its network of ready-mix concrete plants, according to a report in The Nation.
European cement producers with Indonesian subsidiaries are expected to face lower profit margins due to oversupply in the Indonesian cement market.
Lucky Cement is to implement the SAP Enterprise System to improve business operations.
The second line at the 3.4 million tpy plant has been officially opened, marking the end of the project.
Loesche delivers first vertical roller grinding mill to PT Bhumiadya Indonesia.