×

Warning

JUser: :_load: Unable to load user with ID: 772

China: Anhui Conch expects that its profit will double year-on-year for the first half of 2018. The company reported an unaudited net profit of US$1.01bn in the first half of 2017. It has attributed the growth in profit to a ‘significant’ increase in the price of its products and an increase in revenue. The cement producer plans to release its half year report by the end of August 2018.

India: Birla White, a subsidiary of UltraTech Cement, plans to launch four new products by 2020. Research and development for the new products is underway at present, according to the Hindu newspaper. The white cement producer is also planning to increase its exports to 10% of its total volume by 2023. At present it exports 3% of its total volume. The company operates one cement plant at Rajashree Nagar in Rajasthan.

India: Jaiprakash Associates has secured an order worth US$415m from Chenab Valley Power Projects. The deal is to build a diversion tunnel and concrete face dam for a hydroelectric project in Jammu and Kashmir, according to the Economic Times newspaper. The company is currently attempting to sell its remaining cement production assets to ACC.

Kenya: Construction of the Cemtech Sanghi cement plant in West Pokot has not started since the project was announced in 2010. The US$120m unit was launched by Indian investors and given rights to mine limestone and produce cement, according to the Standard newspaper.

More Articles ...

Subcategories