Displaying items by tag: Alpha Cement

Pakistan: Five companies have signalled interest in bidding for Attock Cement. These include Alpha Cement Company, Bestway Cement and Cherat Cement Company, along with military investment fund Fauji Foundation and utilities provider Kot Addu Power Company. Pakistan Today News has reported that Fauji Foundation and Kot Addu Power Company’s plans consist of a joint acquisition of 84% of Attock Cement, followed by a mandatory public offer for the free float. Alpha Cement Company, meanwhile, may seek to buy as much as 92%, through a follow-on offer.

Attock Cement commands 3Mt/yr of capacity in South Pakistan, reportedly an increasingly attractive region, amid the on-going ‘revival’ of exports from Karachi port.

Alpha Cement Company was incorporated in Karachi in November 2024.

Myanmar: Four local activists have been sentenced to 14 months hard labour for protesting in May 2018 against a new cement plant being built at Patheingyi Township in Mandalay Region. The residents of Aungthabyae, Patheingyi were charged and convicted of Roads and Bridges Law offenses for blocking a road to prevent access by vehicles, according to Radio Free Asia. The activists allege that they were not allowed to testify in court describing the process as ‘totally unfair.’

Around 20 people were injured in 2018 when police fired rubber bullets and tear gas into a crowd protesting against the construction of the Alpha Cement Plant, a joint venture between China’s Anhui Conch and a local company. During the protest, activists blocked factory vehicles and demanded compensation for land they claim they lost when a road was built to support the plant. Police said that over US$40,000 worth of damage was caused at the site. The cement plant is scheduled to be commissioned in 2021.

Myanmar: Police say that protestors rioting about the Alpha Cement plant at Patheingyi, Kyaukse district in the Mandalay region in mid-May 2019 caused over US$40,000 worth of damage to the site. Residents armed with slings and rocks entered the site and set fire to buildings and vehicles, according to the Myanmar Times newspaper. A petrol bomb was also thrown at a building. The police are still looking for several people in relation to the incident.

Local residents were complaining about compensation related to the project as well as the use of Chinese nationals at the site. The plant, previously known as Myanmar Conch Cement, is a joint venture between Myanmar's Myint Investment Group and China's Anhui Conch. The unit is currently being upgraded to a production capacity of 5000t/day. Construction work started in late 2017. The unit is expected to be operational in 2021.

Myanmar: 17 residents have been injured in a protest against the Alpha Cement Plant at Patheingyi in the Kyaukse district or the Mandalay region. Police fired rubber bullets and tear gas at the protestors, according to Radio Free Asia. The local residents were complaining about compensation for a road that is being built as part of the project. Concerns have also been raised over the use of Chinese nationals at the site.

The Alpha Cement Plant, previously known as Myanmar Conch Cement, is a joint venture between Myanmar's Myint Investment Group and China's Anhui Conch. The unit is currently being upgraded to a production capacity of 5000t/day. Construction work started in late 2017.