Italy: Colacem has selected US-based Armis’ Armis Centrix AI-based cyber exposure management platform to protect online assets in its cement plants. Italian Industry News has reported that protected assets include IT equipment, operational technologies and internet of things (IoT) devices.

Colacem security manager Luca Salemmi said “We requested support from Armis because we realised that we did not have visibility on all devices. What we immediately liked about Armis Centrix is its ability to evaluate the level of vulnerability of each device and to provide a priority order for immediate intervention so that it resolves the most critical risks.”

China: China Resources Building Materials Technology (CRMBT) has issued a profit warning for the first nine months of 2023. The producer expects the profit attributable to its owners to drop by 59 – 63% year-on-year. This is partly due to its previous one-off gain from a divestment worth US$239m in the corresponding period in 2022.

India: Dalmia Bharat says that it will complete its acquisition of Jaiprakash Associates’ cement business, Jaypee Cement, towards the end of the 2024 financial year on 31 March 2024. Informist EquityWire News has reported that the deal is ‘taking more time’ than expected to conclude.

Jaypee Cement’s Madhya Pradesh-based subsidiary Jaybee Bhilai Cement is subject to an on-going shareholder dispute, due to which a court has frozen the company’s 74% shareholding in the unit.

Afghanistan: Qatar-based Al-Falah Global and International Task Group has won a government contract to expand Jabal Siraj cement plant. Local engineering firm Awfi Bahram will also collaborate on the project. BBC Monitoring South Asia has reported that the work will increase the plant’s capacity by a factor of 50 to 1.5Mt/yr from 30,000t/yr. The total cost of the project is US$220m.