Vissai to buy Song Lam 2 Cement Company
Song Lam 2 Cement JSC has announced the sale of its entire stock (PX1,
listed in the unlisted public company market – UPCoM) to one of
Vietnam’s largest cement producers, Vissai Hoang Phat Group in April.
SMGR to acquire second Vietnamese cement firm
State-owned cement manufacturer Semen Indonesia (SMGR) would further
strengthen its foothold in Vietnam’s cement market by acquiring another
local cement producer in the country, the company’s executive said.
Hoa Sen Group inaugurates Binh Dinh steel pipe plant
Hoa Sen Group started operation of the Hoa Sen Binh Dinh steel pipe
plant at the Nhon Hoa Industrial Park in Binh Dinh province on March 28.
Chinese firm invests in 6000 tpd cement plant in Nepal
China’s Hongshi Holdings has entered into a JV with Nepal’s Shivam Holdings to form Hongshi-Shivam Cement Private Limited.
Lafarge sells stake in Elementia JV
Lafarge has announced the sale of its 47% minority stake in its joint venture with Elementia in Mexico. Together, the companies operate three cement plants, including the recently inaugurated 1 million tpa El Palmar plant in Hidalgo.
Investment Corporation of Dubai buys minority stake in Dangote Cement
According to a report in the Financial Times, the ICD has invested US$300 million in the Nigerian company.
Dalmia Group plans merger of listed cement companies
According to local reports, Dalmia Group is planning a merger of its two listed cement companies Dalmia Bharat and OCL India.