Cemex and Penna Cement Unable to Agree Terms
Cemex’s bid to take over Hyderabad-based Penna Cement hangs in the balance as both companies have been unable to arrive at an acceptable valuation.
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Cemex’s bid to take over Hyderabad-based Penna Cement hangs in the balance as both companies have been unable to arrive at an acceptable valuation.
Taiwan’s Asia Cement is set to expand capacity by 6 million t in central China through mergers and self-built plants.
JK Cement, India, is carrying out a brownfield expansion project at the Mangrol plant, as well as developing a grinding facility.
Tanzania’s president, Jakaya Kikwete has challenged the country’s cement producers to continue to increase their production capacities.
ACC Limited is setting up a 3 million tpa cement project at a cost of Rs.1500 crore.
FLSmidth has signed a contract worth €32.1 million (approximately DKK239 million) with Administración Nacional De Combustibles, Alcohol y Portland (ANCAP), a state-owned Uruguayan company. This follows two Tunisian contracts announced on 21st May.
Italcementi’s new i.light is due to be launched in Thailand later this year.
The Portuguese group SLNI is to build a cement plant in Angola.
Tighter EU emissions reduction targets this year could force energy-intensive companies to reconsider investment strategies.
A joint venture between leading regional producer ASEC Cement and Egypt’s Misr Qena Cement will cater to the under-served Upper Egyptian building and infrastructure markets.
J K Lakshmi is reported to be looking for an acquisition either in India or overseas.
Prosperity Minerals has agreed to purchase a 25% stake in Liaoning Changqing, a company that was previously transferred out of Properity’s ownership with the sale of most of its Chinese operations to TCC International Ltd.