Egypt: Metallurgical Industries Holding has sold its 18% stake in Egyptian Tourah Portland Cement for just under US$3m. Mubasher has reported that Arab African International Securities (AAIS) acted as broker for the transaction.

In October 2019, the Financial Regulatory Authority (FRA) approved HeidelbergCement subsidiary Suez Cement’s mandatory tender offer (MTO) for 100% acquisition of Egyptian Tourah Portland Cement for around US$33m.

India: Police have fired warning shots after protesters outside LafargeHolcim subsidiary ACC’s Sindri cement plant in Jharkhand threw stones at them, according to the Pioneer newspaper. Sub-divisional manager Satyendar Kumar’s officers made three arrests. Residents of Dhanbad district are reportedly protesting a lack of local jobs. ACC had been in talks with local people when the disturbance broke out.

Vietnam: The General Statistics Office (GSO) has estimated total domestic cement production in the first eleven months of 2020 of 90.0Mt, up by 3.4% year-on-year from 87.0Mt in the corresponding period of 2019. The Viet Nam News newspaper has reported that November 2020 production reached 9.1Mt, up by 4.6% year-on-year from 8.7Mt in November 2019.

In 2019 Vietnam’s full-year cement production rose by 7.9% to 96.5Mt.

China: The Bauma China 2020 trade fair took place from 24 - 27 November 2020, attracting 2867 exhibitors and a total of 80,000 trade visitors from China. The oragnisers said that in spite of the Covid-19 pandemic, the exhibition was able to take place across a 300,000m2 area, thanks to a “sophisticated safety and hygiene concept.” It said, “In these difficult times, Bauma China 2020 gave the entire industry a reason to enter the coming fiscal year with confidence and hope.”