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State minister blames poor roads for keeping investors away from Chamba cement plant project 13 November 2018
India: Industries minister of Himachal Pradesh Vikram Sing has blamed poor road networks for the state government’s failure to find investors for a proposed cement plant project at Sikridhar in the Chamba district. The ministry is now proposing that the state build a road to the project site as an incentive, according to the Times of India newspaper. The local government received no bids for the project in the latest round of bidding.
Anti-corruption investigation restrained from taking criminal action against heads of DG Khan and Bestway Cement 13 November 2018
Pakistan: The Supreme Court has restrained the Punjab Anti-Corruption Department from launching criminal proceedings against the heads of DG Khan and Bestway Cement. The decision was made following a review petition filed by DG Khan Cement, according to the Statesman newspaper. It follows an investigation initiated by the Supreme Court to look into the setting up of cement plants in the Potohar region. The probe alleges government and corporate corruption.
Environment Protection Agency shuts production line at Kohat Cement 13 November 2018
Pakistan: The Environmental Protection Agency (EPA) has shut one of Kohat Cement’s production lines for emitting too much dust, following local complaints. The EPA visited the company’s plant and found that Line A at the unit was emitting particulate matter ‘much’ above legal limits, according to the Balochistan Times. The other two lines at the plant were unaffected.
Sephaku Holding’s profit rises as cement prices increase 13 November 2018
South Africa: Sephaku Holding’s revenue rose by 5% to US$32.1m in the six months to 30 September 2018 from US$30.7m in the same period in 2017. Its profit nearly doubled to US$1.8m. The subsidiary of Nigeria’s Dangote Cement said that cement prices had increased in most markets. It added that competition from cement importers and grinding plants had placed pressure on its cement sales volumes in the Kwa-Zulu Natal province in the latest quarter.
Anhui Conch IT Engineering to supply equipment and software design in smart factory project 12 November 2018
China: Anhui Conch IT Engineering has struck a deal to supply equipment and software design services to Anhui Conch’s plants as part of a smart factory project. The contract has a value of US$12.5m with previously related work over eth last year having an additional value of around US$11m. The work is intended to support the company’s aggregate project construction and enhance its production lines.