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Recovery from production decline in Kazakhstan

Kazakhstan Pro 11m 2023 1

In Kazakhstan, in the period from January to November 2023, 11.576 Mt of cement have been produced. This is a decline by -0.4% YoY. However after the first 3 quarters this year the decline has been still -2.0%. In November…

India’s ACC bought remaining 55% stake in ACCPL

ACCPL Navagarh

India’s ACC Limited, which belongs to the Adani Group, acquired the final 55% stake in Asian Concretes and Cements Private Ltd. (ACCPL, former ACL) at an Enterprise Value (EV) of Rs. 7.75 bn (US$ 93.2m) resulting in the entire ownership…

UK-based SigmaRoc buys CRH’s lime assets

Fels Werke Rubeland

SigmaRoc PLC’s acquisition of CRH’s European lime business will create Northern Europe’s leader in lime and limestone. The CRH’s assets include Tarmac in England, Fels-Werke in Germany and Czech Republic, Clogrennane Lime in Ireland and Trzuskawica in Poland. These Assets…

Chinese Investors plan large cement plant in Zimbabwe

Zimbabwe BMIP Investment

Two Chinese Investors plan a 2.7 Mta integrated cement plant in Magunje, Mashonaland in Zimbabwe. The investors are Labenmon Investments (Pvt) Ltd. and West International Holding (WIH), a subsidiary of China West Cement, which owns a total cement capacity of…