Turkmenistan: President Gurbanguly Berdimuhamedov has signed a degree announcing the start of phase two of construction of the Baharden and Lebap cement plants in July 2020. Turkmenistan Today State News Agency has announced that the decree permits the Ministry of Industry and Construction to conclude contracts with Beyik-Bina for construction of the Baharden plant and with Turkmen Enjam for construction of the Lebap plant, each with a 1.0Mt/yr integrated capacity. Both projects are scheduled for completion in 2020.

India: Retail investor Radhakishan Damani has announced plans to acquire a majority stake in The India Cements. The deal is subject to the approval of competition authorities.

Australia: James Hardie has revised its guidance for the quarter ending 30 June 2020, the fourth quarter of the Australian fiscal year 2020, following “improved housing market activity, particularly in North America.” Australian Associated Press – Financial News has reported that James Hardie has revised its North American fibre cement boards volumes growth estimate to 1% year-on-year from a 3% drop previously. It expects Australian volumes to remain constant year-on-year, as previously predicted, and European volumes in the quarter to fall by 13%, rather than by 16%.

Thailand: Siam Cement Group (SCG) will participate in a pilot run a of prototype payments system developed by Siam Commercial Bank (SCB) that integrates central bank digital currency (CBDC) into the group’s procurement and financial management systems. CoinDesk News has reported that the Bank of Thailand will launch the project in July 2020 and conclude it by January 2021. The bank said, “The project marks an important step in broadening CBDC’s scope and adoption to wider audiences, starting with large corporates.”