INDIA - Wonder Cement looks to lift capacity

INDIA - Wonder Cement looks to lift capacity

Wonder Cement plans to set up three units in the Indian states of Maharashtra, Madhya Pradesh and Haryana to increase its total cement capacity to 11Mta over the next three years. 

AFRICA - FLSmidth signs large cement plant contract in North Africa

AFRICA - FLSmidth signs large cement plant contract in North Africa

FLSmidth has signed a contract for a state-of-the-art cement plant valued at more than EUR 100 million. The contract includes engineering, equipment supply, construction supervision, commissioning, and training.

INDIA - Shree Cement: dismal earnings; rich valuations not justified

INDIA - Shree Cement: dismal earnings; rich valuations not justified

Shree Cement Ltd’s March-quarter earnings were a disappointment on many fronts. True, volumes at the regional cement maker grew 11% year-on-year to 5.93 million tonnes, the highest in many quarters. But that was driven by capacity expansion in eastern India.

PAKISTAN - Transporters' strike in Karachi clogs up ports

PAKISTAN - Transporters' strike in Karachi clogs up ports

Country’s seaborne trade has come to standstill as goods transporters’ strike continues on ninth consecutive day whereas Sindh Assembly Speaker Agha Siraj Durani has accused the federal government of instigating transporters against the provincial government.

CHINA - Senior management members of China Tianrui Group Cement detained in Jinan

CHINA - Senior management members of China Tianrui Group Cement detained in Jinan

China Tianrui Group Cement says that Yang Yongzheng, a non-executive director, and Yu Chun Liang, a joint company secretary, have been detained by the police in Jinan. The police are holding the pair on alleged violations of criminal law in relation to ‘other duties which are outside the business of the company’ that took place on 8 April 2017. The company added that the pair have not been held as guilty or tried at a court of law.

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