Cemex in Talks with Penna Cement
Cemex is exploring opportunities to enter the Indian cement market and is in discussions with Penna Cement on a possible buy out.
Stay up to date with the latest news and updates from the cement industry.
Cemex is exploring opportunities to enter the Indian cement market and is in discussions with Penna Cement on a possible buy out.
Reliance Anil Dhirubhai Ambani Group has announced plans to construct a 5 million tpa cement plant in Karnataka with an investment of Rs. 1500 crore.
Egypt’s Alexandria Cement has received the go-ahead for a US$ 442 million rights issue.
India’s UltraTech is set to acquire a 51% stake in Dubai-based Star Cement for an undisclosed sum.
PT Holcim Indonesia has announced plans to invest up to US$ 500 million in a new cement plant in East Java.
India’s Supreme Court has refused to lift a ban on mining by Lafarge in Meghalaya, due to environmental concerns.
Lafarge Cement Zimbabwe is to receive a US$ 3 million injection of capital from the Lafarge Group for recapitalisation of its operations to improve efficiency.
Nirma Ltd has received conditional approval from the Gujarat High Court to construct its Rs.1400 crore cement plant at Mahua, India, which has been challenged by local farmers due to its environmental impact.
Garadagh Cement, Azerbaijan, is currently converting its plant from wet to dry process in a €300 million upgrade and environment improvement project.
Gulf Cement Company, Qatar, is looking to increase its production capacity to 12 000 tpd, as a second production line is due to come online in 2011.
In a few weeks Habesha Cement will announce who has won the the contract to supervise the construction of Habesha’s new 1.2 million tpa cement plant in Eithiopia.
Possible health tax on cement companies, and Egypt set to reissue two licences.